Dynamic Advisor Solutions LLC Has $1.85 Million Stock Position in Constellation Brands, Inc. (NYSE:STZ)

Dynamic Advisor Solutions LLC cut its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 3.7% in the 4th quarter, HoldingsChannel reports. The fund owned 8,389 shares of the company’s stock after selling 325 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Constellation Brands were worth $1,854,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Pflug Koory LLC boosted its stake in Constellation Brands by 3.0% in the 4th quarter. Pflug Koory LLC now owns 5,376 shares of the company’s stock valued at $1,188,000 after purchasing an additional 158 shares during the period. Gradient Investments LLC boosted its position in shares of Constellation Brands by 14.8% in the fourth quarter. Gradient Investments LLC now owns 55,988 shares of the company’s stock valued at $12,373,000 after acquiring an additional 7,219 shares during the period. Exchange Traded Concepts LLC grew its stake in shares of Constellation Brands by 359.3% in the fourth quarter. Exchange Traded Concepts LLC now owns 5,512 shares of the company’s stock valued at $1,218,000 after acquiring an additional 4,312 shares in the last quarter. Neumann Capital Management LLC increased its position in Constellation Brands by 2.2% during the fourth quarter. Neumann Capital Management LLC now owns 4,737 shares of the company’s stock worth $1,047,000 after acquiring an additional 100 shares during the period. Finally, Brighton Jones LLC raised its stake in Constellation Brands by 23.0% in the 4th quarter. Brighton Jones LLC now owns 1,001 shares of the company’s stock worth $221,000 after purchasing an additional 187 shares in the last quarter. Institutional investors own 77.34% of the company’s stock.

Constellation Brands Stock Performance

NYSE STZ opened at $182.99 on Friday. The company has a market capitalization of $33.07 billion, a price-to-earnings ratio of 49.19, a PEG ratio of 1.58 and a beta of 0.91. Constellation Brands, Inc. has a twelve month low of $176.51 and a twelve month high of $274.87. The stock has a fifty day simple moving average of $221.02 and a 200 day simple moving average of $236.43. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings results on Friday, January 10th. The company reported $3.25 earnings per share for the quarter, missing the consensus estimate of $3.33 by ($0.08). Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The company had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.53 billion. During the same period in the previous year, the company posted $3.19 EPS. The company’s quarterly revenue was down .3% on a year-over-year basis. Sell-side analysts expect that Constellation Brands, Inc. will post 13.52 EPS for the current year.

Constellation Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be paid a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date is Friday, February 7th. Constellation Brands’s dividend payout ratio is presently 108.60%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on STZ shares. Morgan Stanley decreased their target price on shares of Constellation Brands from $280.00 to $220.00 and set an “overweight” rating on the stock in a research report on Monday, January 13th. BMO Capital Markets reduced their price target on Constellation Brands from $315.00 to $305.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 15th. Piper Sandler dropped their price objective on Constellation Brands from $300.00 to $245.00 and set an “overweight” rating for the company in a report on Monday, January 13th. Evercore ISI reduced their target price on Constellation Brands from $300.00 to $250.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. Finally, Bank of America reaffirmed a “neutral” rating and issued a $255.00 price target (down previously from $300.00) on shares of Constellation Brands in a research note on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $259.05.

Insider Activity at Constellation Brands

In other Constellation Brands news, EVP James A. Jr. Sabia sold 36,086 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $242.99, for a total transaction of $8,768,537.14. Following the transaction, the executive vice president now directly owns 16,042 shares in the company, valued at approximately $3,898,045.58. This represents a 69.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William A. Newlands sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $243.58, for a total transaction of $6,089,500.00. Following the sale, the chief executive officer now directly owns 7,274 shares of the company’s stock, valued at approximately $1,771,800.92. This trade represents a 77.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 69,172 shares of company stock worth $16,778,841 over the last quarter. Company insiders own 12.19% of the company’s stock.

Constellation Brands Company 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.