Everpar Advisors LLC Invests $945,000 in Constellation Brands, Inc. (NYSE:STZ)

Everpar Advisors LLC acquired a new stake in Constellation Brands, Inc. (NYSE:STZ) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,910 shares of the company’s stock, valued at approximately $945,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kestra Private Wealth Services LLC lifted its stake in shares of Constellation Brands by 17.2% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 17,218 shares of the company’s stock worth $4,327,000 after purchasing an additional 2,526 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Constellation Brands by 15.3% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 32,433 shares of the company’s stock valued at $8,151,000 after purchasing an additional 4,311 shares during the last quarter. Perigon Wealth Management LLC lifted its position in Constellation Brands by 46.0% in the fourth quarter. Perigon Wealth Management LLC now owns 6,012 shares of the company’s stock worth $1,453,000 after buying an additional 1,893 shares during the last quarter. CoreCap Advisors LLC boosted its stake in shares of Constellation Brands by 35.8% during the 4th 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 purchased a new position in shares of Constellation Brands during the fourth quarter valued at approximately $962,000. 77.34% of the stock is owned by institutional investors.

Constellation Brands Stock Performance

Shares of Constellation Brands stock traded down $0.13 on Wednesday, hitting $258.36. The stock had a trading volume of 404,746 shares, compared to its average volume of 1,216,033. Constellation Brands, Inc. has a 52-week low of $223.01 and a 52-week high of $274.87. The company has a current ratio of 1.19, a quick ratio of 0.53 and a debt-to-equity ratio of 1.06. The stock has a market cap of $47.27 billion, a price-to-earnings ratio of 27.54, a P/E/G ratio of 1.73 and a beta of 1.75. The company’s 50 day moving average price is $261.27 and its 200 day moving average price is $249.24.

Constellation Brands (NYSE:STZ) last posted its earnings results on Thursday, April 11th. The company reported $2.26 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.16. The business had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.09 billion. Constellation Brands had a return on equity of 23.06% and a net margin of 16.13%. The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.98 EPS. On average, research analysts anticipate that Constellation Brands, Inc. will post 13.51 EPS for the current year.

Constellation Brands Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 3rd will be given a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 1.56%. The ex-dividend date is Thursday, May 2nd. This is a boost from Constellation Brands’s previous quarterly dividend of $0.89. Constellation Brands’s payout ratio is 43.07%.

Insider Activity at Constellation Brands

In related news, EVP James A. Jr. Sabia sold 15,781 shares of the business’s 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 transaction, the executive vice president now owns 20,910 shares in the company, valued at approximately $5,512,503.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Constellation Brands news, CEO William A. Newlands sold 4,013 shares of the business’s stock in a transaction that occurred on 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 approximately $1,420,233.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP James A. Jr. Sabia sold 15,781 shares of the business’s stock in a transaction that occurred on 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 transaction, the executive vice president now owns 20,910 shares in the company, valued at approximately $5,512,503.30. The disclosure for this sale can be found here. Insiders have sold 23,031 shares of company stock worth $6,043,821 in the last quarter. Company insiders own 16.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on STZ shares. Piper Sandler initiated coverage on Constellation Brands in a research note on Friday, March 22nd. They issued an “overweight” rating and a $300.00 target price on the stock. UBS Group lifted their target price on Constellation Brands from $312.00 to $320.00 and gave the company a “buy” rating in a research report on Friday, April 12th. Roth Mkm reiterated a “buy” rating and issued a $305.00 target price on shares of Constellation Brands in a report on Friday, April 12th. Wedbush restated an “outperform” rating and set a $300.00 price target on shares of Constellation Brands in a research note on Wednesday, April 10th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Constellation Brands from $256.00 to $262.00 and gave the stock a “hold” rating in a research note on Wednesday, April 10th. Three analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, Constellation Brands presently has a consensus rating of “Moderate Buy” and a consensus price target of $298.55.

About Constellation Brands

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.