WealthBridge Investment Counsel Inc. Has $5.93 Million Stock Holdings in Constellation Brands, Inc. (NYSE:STZ)

WealthBridge Investment Counsel Inc. trimmed its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 0.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,850 shares of the company’s stock after selling 80 shares during the period. Constellation Brands makes up approximately 2.2% of WealthBridge Investment Counsel Inc.’s holdings, making the stock its 24th largest holding. WealthBridge Investment Counsel Inc.’s holdings in Constellation Brands were worth $5,934,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its position in shares of Constellation Brands by 887.5% during the fourth quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock valued at $35,000 after purchasing an additional 142 shares during the period. Eastern Bank acquired a new stake in Constellation Brands during the third quarter worth $39,000. FSA Wealth Management LLC bought a new stake in Constellation Brands in the 3rd quarter valued at $42,000. Truvestments Capital LLC acquired a new position in shares of Constellation Brands in the 3rd quarter valued at $60,000. Finally, Continuum Advisory LLC lifted its holdings in shares of Constellation Brands by 68.0% during the 3rd quarter. Continuum Advisory LLC now owns 252 shares of the company’s stock worth $61,000 after acquiring an additional 102 shares during the period. Institutional investors and hedge funds own 77.34% of the company’s stock.

Constellation Brands Stock Down 0.3 %

Shares of Constellation Brands stock opened at $184.05 on Friday. The business has a fifty day simple moving average of $226.75 and a 200 day simple moving average of $238.96. The stock has a market cap of $33.42 billion, a PE ratio of 49.48, a price-to-earnings-growth ratio of 1.28 and a beta of 0.91. The company has a quick ratio of 0.53, a current ratio of 1.25 and a debt-to-equity ratio of 1.31. Constellation Brands, Inc. has a 12 month low of $176.51 and a 12 month high of $274.87.

Constellation Brands (NYSE:STZ) last posted its earnings results on Friday, January 10th. The company reported $3.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.33 by ($0.08). The company had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.53 billion. Constellation Brands had a return on equity of 25.34% and a net margin of 5.29%. Constellation Brands’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.19 earnings per share. Research analysts predict that Constellation Brands, Inc. will post 13.72 EPS for the current year.

Constellation Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be issued a $1.01 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.04 annualized dividend and a yield of 2.20%. Constellation Brands’s dividend payout ratio (DPR) is presently 108.60%.

Insiders Place Their Bets

In other Constellation Brands news, major shareholder Wildstar Partners Llc sold 660 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $241.00, for a total value of $159,060.00. Following the completion of the sale, the insider now directly owns 1,736,884 shares in the company, valued at $418,589,044. This represents a 0.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William A. Newlands sold 25,000 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $243.58, for a total value of $6,089,500.00. Following the sale, the chief executive officer now directly owns 7,274 shares in the company, valued at approximately $1,771,800.92. This represents a 77.46 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 69,172 shares of company stock worth $16,778,841. Company insiders own 12.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on STZ. Morgan Stanley dropped their price target on shares of Constellation Brands from $280.00 to $220.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. Argus cut Constellation Brands from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Piper Sandler decreased their price target on Constellation Brands from $300.00 to $245.00 and set an “overweight” rating on the stock in a research note on Monday, January 13th. Barclays lowered their price target on Constellation Brands from $282.00 to $214.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Finally, StockNews.com cut Constellation Brands from a “hold” rating to a “sell” rating in a report on Friday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, Constellation Brands has a consensus rating of “Moderate Buy” and an average target price of $259.05.

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.