Summit Trail Advisors LLC Has $520,000 Stock Holdings in Constellation Brands, Inc. (NYSE:STZ)

Summit Trail Advisors LLC increased its stake in Constellation Brands, Inc. (NYSE:STZ) by 5.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,152 shares of the company’s stock after purchasing an additional 116 shares during the period. Summit Trail Advisors LLC’s holdings in Constellation Brands were worth $520,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of STZ. Kestra Private Wealth Services LLC boosted its position in shares of Constellation Brands by 17.2% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 17,218 shares of the company’s stock worth $4,327,000 after acquiring an additional 2,526 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Constellation Brands by 15.3% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 32,433 shares of the company’s stock worth $8,151,000 after buying an additional 4,311 shares during the period. Perigon Wealth Management LLC grew its holdings in Constellation Brands by 46.0% during the 4th quarter. Perigon Wealth Management LLC now owns 6,012 shares of the company’s stock worth $1,453,000 after acquiring an additional 1,893 shares during the last quarter. CoreCap Advisors LLC lifted its holdings in shares of Constellation Brands by 35.8% during the fourth quarter. CoreCap Advisors LLC now owns 2,002 shares of the company’s stock worth $484,000 after purchasing an additional 528 shares during the period. Finally, Ascent Wealth Partners LLC bought a new position in Constellation Brands during the 4th quarter worth $962,000. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on STZ. Evercore ISI increased their price target on Constellation Brands from $300.00 to $310.00 and gave the company an “outperform” rating in a research note on Friday, April 12th. Royal Bank of Canada increased their target price on shares of Constellation Brands from $295.00 to $308.00 and gave the company an “outperform” rating in a research report on Friday, April 12th. Roth Mkm reaffirmed a “buy” rating and issued a $305.00 price objective on shares of Constellation Brands in a research note on Friday, April 12th. Piper Sandler started coverage on Constellation Brands in a research note on Friday, March 22nd. They set an “overweight” rating and a $300.00 target price for the company. Finally, Barclays boosted their target price on Constellation Brands from $294.00 to $295.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Three equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $298.55.

Constellation Brands Stock Up 0.2 %

STZ traded up $0.42 on Tuesday, hitting $257.73. The company had a trading volume of 91,032 shares, compared to its average volume of 1,218,809. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.53 and a current ratio of 1.19. The stock has a fifty day moving average price of $261.04 and a 200-day moving average price of $249.04. Constellation Brands, Inc. has a 12-month low of $222.45 and a 12-month high of $274.87. The stock has a market capitalization of $47.16 billion, a price-to-earnings ratio of 27.43, a P/E/G ratio of 1.73 and a beta of 0.95.

Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Thursday, April 11th. The company reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.10 by $0.16. Constellation Brands had a net margin of 16.13% and a return on equity of 23.06%. The firm had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.09 billion. During the same quarter last year, the company earned $1.98 EPS. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. Analysts predict that Constellation Brands, Inc. will post 13.51 EPS for the current fiscal year.

Constellation Brands Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 3rd will be paid a $1.01 dividend. This is a boost from Constellation Brands’s previous quarterly dividend of $0.89. This represents a $4.04 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend is Thursday, May 2nd. Constellation Brands’s dividend payout ratio (DPR) is presently 43.07%.

Insider Activity

In other news, CEO William A. Newlands sold 4,013 shares of the business’s stock in a transaction that occurred on Friday, April 19th. The shares were sold at an average price of $263.25, for a total transaction of $1,056,422.25. Following the completion of the sale, the chief executive officer now owns 5,395 shares in the company, valued at approximately $1,420,233.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Constellation Brands news, EVP James A. Jr. Sabia sold 15,781 shares of Constellation Brands stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $263.63, for a total value of $4,160,345.03. Following the completion of the sale, the executive vice president now owns 20,910 shares in the company, valued at approximately $5,512,503.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO William A. Newlands sold 4,013 shares of the stock in a transaction dated Friday, April 19th. The stock was sold at an average price of $263.25, for a total transaction of $1,056,422.25. Following the transaction, the chief executive officer now owns 5,395 shares in the company, valued at $1,420,233.75. The disclosure for this sale can be found here. Company insiders own 16.19% of the company’s stock.

Constellation Brands Profile

Constellation Brands, Inc, together with its subsidiaries, produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company provides beer primarily under the Corona Extra, Corona Familiar, Corona Hard Seltzer, Corona Light, Corona Non-Alcoholic, Corona Premier, Corona Refresca, Modelo Especial, Modelo Chelada, Modelo Negra, Modelo Oro, Victoria, Vicky Chamoy, and Pacifico brands.