Buttonwood Financial Advisors Inc. Has $823,000 Stake in Constellation Brands Inc $STZ

Buttonwood Financial Advisors Inc. grew its holdings in Constellation Brands Inc (NYSE:STZ) by 195.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,114 shares of the company’s stock after acquiring an additional 4,045 shares during the quarter. Buttonwood Financial Advisors Inc.’s holdings in Constellation Brands were worth $823,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Sage Investment Counsel LLC acquired a new stake in Constellation Brands during the 3rd quarter worth approximately $786,000. Tectonic Advisors LLC raised its holdings in shares of Constellation Brands by 5.5% during the third quarter. Tectonic Advisors LLC now owns 5,941 shares of the company’s stock worth $800,000 after acquiring an additional 309 shares during the period. Bank Pictet & Cie Europe AG lifted its position in Constellation Brands by 6.6% in the 3rd quarter. Bank Pictet & Cie Europe AG now owns 4,011 shares of the company’s stock valued at $540,000 after acquiring an additional 247 shares in the last quarter. Salomon & Ludwin LLC acquired a new position in Constellation Brands in the 3rd quarter worth $30,000. Finally, XML Financial LLC boosted its stake in Constellation Brands by 80.4% in the 3rd quarter. XML Financial LLC now owns 3,949 shares of the company’s stock worth $532,000 after purchasing an additional 1,760 shares during the period. Institutional investors own 77.34% of the company’s stock.

Constellation Brands Stock Up 2.3%

NYSE:STZ opened at $141.11 on Friday. Constellation Brands Inc has a twelve month low of $126.45 and a twelve month high of $228.89. The firm has a market capitalization of $24.70 billion, a price-to-earnings ratio of 20.60, a price-to-earnings-growth ratio of 0.41 and a beta of 0.45. The company has a quick ratio of 0.54, a current ratio of 1.08 and a debt-to-equity ratio of 1.26. The stock’s 50 day moving average price is $136.06 and its two-hundred day moving average price is $149.09.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Thursday, February 23rd. The company reported $3.12 EPS for the quarter. The company had revenue of $2.32 billion during the quarter. Constellation Brands had a return on equity of 29.82% and a net margin of 11.88%. Equities research analysts expect that Constellation Brands Inc will post 13.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

STZ has been the topic of several recent research reports. Zacks Research raised Constellation Brands from a “strong sell” rating to a “hold” rating in a research note on Monday, November 3rd. Barclays dropped their target price on Constellation Brands from $150.00 to $147.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 9th. Wells Fargo & Company reduced their price target on Constellation Brands from $170.00 to $155.00 and set an “overweight” rating for the company in a research report on Thursday, September 25th. The Goldman Sachs Group lowered their price objective on shares of Constellation Brands from $196.00 to $168.00 and set a “buy” rating on the stock in a report on Thursday, October 2nd. Finally, Piper Sandler cut their price objective on shares of Constellation Brands from $155.00 to $135.00 and set a “neutral” rating on the stock in a research report on Friday, November 21st. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $181.96.

About Constellation Brands

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.