Compass Wealth Management LLC Cuts Position in Constellation Brands Inc $STZ

Compass Wealth Management LLC decreased its holdings in Constellation Brands Inc (NYSE:STZ) by 14.4% in the 4th quarter, HoldingsChannel reports. The fund owned 53,687 shares of the company’s stock after selling 9,011 shares during the quarter. Constellation Brands comprises about 1.8% of Compass Wealth Management LLC’s investment portfolio, making the stock its 13th biggest holding. Compass Wealth Management LLC’s holdings in Constellation Brands were worth $7,407,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Choreo LLC raised its position in Constellation Brands by 2.1% in the fourth quarter. Choreo LLC now owns 3,116 shares of the company’s stock worth $437,000 after acquiring an additional 63 shares in the last quarter. Clearstead Trust LLC increased its position in shares of Constellation Brands by 14.2% in the fourth quarter. Clearstead Trust LLC now owns 548 shares of the company’s stock valued at $76,000 after buying an additional 68 shares in the last quarter. Dynamic Advisor Solutions LLC increased its position in shares of Constellation Brands by 2.2% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 3,507 shares of the company’s stock valued at $484,000 after buying an additional 76 shares in the last quarter. Larson Financial Group LLC increased its position in shares of Constellation Brands by 2.6% in the fourth quarter. Larson Financial Group LLC now owns 3,610 shares of the company’s stock valued at $498,000 after buying an additional 93 shares in the last quarter. Finally, Sigma Planning Corp increased its position in shares of Constellation Brands by 4.0% in the fourth quarter. Sigma Planning Corp now owns 2,458 shares of the company’s stock valued at $325,000 after buying an additional 95 shares in the last quarter. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Constellation Brands Stock Up 1.4%

STZ opened at $142.07 on Thursday. The company has a quick ratio of 0.55, a current ratio of 1.08 and a debt-to-equity ratio of 1.16. The firm has a market cap of $24.46 billion, a P/E ratio of 14.81, a PEG ratio of 3.24 and a beta of 0.39. Constellation Brands Inc has a 52 week low of $126.45 and a 52 week high of $178.13. The business’s fifty day simple moving average is $150.10 and its 200 day simple moving average is $149.76.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings data on Wednesday, April 8th. The company reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.19. The business had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.84 billion. Constellation Brands had a return on equity of 26.18% and a net margin of 17.29%.The business’s revenue for the quarter was down 11.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.63 earnings per share. As a group, equities research analysts anticipate that Constellation Brands Inc will post 11.87 EPS for the current fiscal year.

Constellation Brands Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Wednesday, April 29th were paid a dividend of $1.03 per share. The ex-dividend date of this dividend was Wednesday, April 29th. This is an increase from Constellation Brands’s previous quarterly dividend of $1.02. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.9%. Constellation Brands’s dividend payout ratio is 42.96%.

Analysts Set New Price Targets

STZ has been the subject of a number of research analyst reports. TD Cowen upgraded Constellation Brands from a “hold” rating to a “buy” rating and raised their price target for the company from $142.00 to $190.00 in a research report on Monday, April 13th. Evercore set a $175.00 price target on Constellation Brands and gave the company an “outperform” rating in a research report on Friday, April 10th. Wells Fargo & Company raised their price target on Constellation Brands from $180.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, April 10th. UBS Group raised their price target on Constellation Brands from $176.00 to $186.00 and gave the company a “buy” rating in a research report on Friday, April 10th. Finally, Piper Sandler raised their price target on Constellation Brands from $146.00 to $160.00 and gave the company a “neutral” rating in a research report on Friday, April 10th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $175.26.

Insider Activity at Constellation Brands

In other Constellation Brands news, EVP James O. Bourdeau sold 4,407 shares of the business’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $143.24, for a total value of $631,258.68. Following the completion of the transaction, the executive vice president directly owned 9,109 shares in the company, valued at approximately $1,304,773.16. The trade was a 32.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 12.45% of the stock is currently owned by insiders.

Constellation Brands Company Profile

Constellation Brands, Inc is a leading producer and marketer of beer, wine and spirits, with operations spanning production, importation, marketing and distribution. The company’s beverage portfolio includes a range of premium and mainstream wines and spirits alongside major imported beer brands; in the U.S. market Constellation is widely known for its role in bringing Mexican imports such as Corona and Modelo to American consumers. Constellation supplies retail, on‑premise and foodservice channels and supports its brands with national sales and marketing platforms and supply‑chain capabilities.

The company traces its roots to the Canandaigua Wine Company, founded by Marvin Sands in 1945, and evolved through organic growth and acquisition into a diversified beverage company.