Baker Ellis Asset Management LLC Has $304,000 Stock Position in Constellation Brands, Inc. (NYSE:STZ)

Baker Ellis Asset Management LLC boosted its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 27.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,376 shares of the company’s stock after buying an additional 300 shares during the period. Baker Ellis Asset Management LLC’s holdings in Constellation Brands were worth $304,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of STZ. Versant Capital Management Inc boosted its stake in Constellation Brands by 887.5% during the 4th 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 bought a new stake in Constellation Brands during the 3rd quarter valued at approximately $39,000. FSA Wealth Management LLC bought a new stake in Constellation Brands during the 3rd quarter valued at approximately $42,000. Truvestments Capital LLC bought a new stake in Constellation Brands during the 3rd quarter valued at approximately $60,000. Finally, Continuum Advisory LLC boosted its stake in Constellation Brands by 68.0% during the 3rd quarter. Continuum Advisory LLC now owns 252 shares of the company’s stock valued at $61,000 after purchasing an additional 102 shares during the period. 77.34% of the stock is owned by institutional investors and hedge funds.

Constellation Brands Stock Performance

STZ stock opened at $179.36 on Friday. The stock has a 50-day moving average price of $223.36 and a 200-day moving average price of $237.32. Constellation Brands, Inc. has a 1-year low of $176.51 and a 1-year high of $274.87. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26. The firm has a market cap of $32.42 billion, a PE ratio of 48.21, a price-to-earnings-growth ratio of 1.61 and a beta of 1.75.

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

Constellation Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be paid a dividend of $1.01 per share. The ex-dividend date is Friday, February 7th. This represents a $4.04 dividend on an annualized basis and a yield of 2.25%. Constellation Brands’s dividend payout ratio (DPR) is currently 108.60%.

Insider Buying and Selling at Constellation Brands

In other news, major shareholder Wildstar Partners Llc sold 660 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $241.00, for a total value of $159,060.00. Following the transaction, the insider now owns 1,736,884 shares in the company, valued at $418,589,044. The trade was a 0.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William T. Giles purchased 1,000 shares of the stock in a transaction that occurred on Friday, January 17th. The stock was bought at an average cost of $186.39 per share, for a total transaction of $186,390.00. Following the acquisition, the director now directly owns 1,463 shares in the company, valued at $272,688.57. This trade represents a 215.98 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders sold 69,172 shares of company stock worth $16,778,841. Insiders own 12.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on STZ shares. Truist Financial decreased their target price on Constellation Brands from $255.00 to $190.00 and set a “hold” rating for the company in a research note on Tuesday, January 14th. Evercore ISI reduced their price objective on Constellation Brands from $300.00 to $250.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. BMO Capital Markets reduced their price objective on Constellation Brands from $315.00 to $305.00 and set an “outperform” rating for the company in a research report on Tuesday, October 15th. Piper Sandler reduced their price objective on Constellation Brands from $300.00 to $245.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. Finally, TD Cowen reduced their price objective on Constellation Brands from $270.00 to $260.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Constellation Brands presently has an average 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.