Constellation Brands, Inc. (NYSE:STZ) Shares Acquired by Park Avenue Securities LLC

Park Avenue Securities LLC increased its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 28.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 5,590 shares of the company’s stock after purchasing an additional 1,228 shares during the period. Park Avenue Securities LLC’s holdings in Constellation Brands were worth $1,235,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Versant Capital Management Inc lifted 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 worth $35,000 after purchasing an additional 142 shares in the last quarter. Eastern Bank purchased a new stake in Constellation Brands during the 3rd quarter worth $39,000. FSA Wealth Management LLC acquired a new position in Constellation Brands in the 3rd quarter worth $42,000. Truvestments Capital LLC purchased a new position in Constellation Brands in the 3rd quarter valued at about $60,000. Finally, Continuum Advisory LLC grew its stake in shares of Constellation Brands by 68.0% during the third quarter. Continuum Advisory LLC now owns 252 shares of the company’s stock valued at $61,000 after acquiring an additional 102 shares in the last quarter. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Insider Activity at Constellation Brands

In other Constellation Brands news, major shareholder Wildstar Partners Llc sold 660 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $241.00, for a total transaction of $159,060.00. Following the sale, the insider now directly owns 1,736,884 shares in the company, valued at approximately $418,589,044. The trade was a 0.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP James A. Jr. Sabia sold 36,086 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $242.99, for a total transaction of $8,768,537.14. Following the transaction, the executive vice president now owns 16,042 shares in the company, valued at $3,898,045.58. This represents a 69.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 69,172 shares of company stock worth $16,778,841 over the last ninety days. 12.19% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $308.00 price target on shares of Constellation Brands in a research note on Tuesday, January 7th. BNP Paribas started coverage on Constellation Brands in a research note on Monday, November 25th. They set a “neutral” rating and a $261.00 target price for the company. Piper Sandler dropped their price target on shares of Constellation Brands from $300.00 to $245.00 and set an “overweight” rating for the company in a research note on Monday, January 13th. BMO Capital Markets reduced their price objective on shares of Constellation Brands from $315.00 to $305.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 15th. Finally, Wells Fargo & Company dropped their target price on shares of Constellation Brands from $295.00 to $275.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Constellation Brands currently has a consensus rating of “Moderate Buy” and a consensus target price of $259.05.

Constellation Brands Stock Down 0.3 %

STZ stock opened at $184.05 on Monday. The company has a quick ratio of 0.53, a current ratio of 1.25 and a debt-to-equity ratio of 1.31. The firm’s 50-day simple moving average is $226.75 and its 200 day simple moving average is $238.82. The stock has a market cap of $33.26 billion, a PE ratio of 49.48, a price-to-earnings-growth ratio of 1.28 and a beta of 1.75. Constellation Brands, Inc. has a fifty-two week low of $176.51 and a fifty-two week high of $274.87.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings data 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). Constellation Brands had a return on equity of 25.34% and a net margin of 5.29%. The business had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.53 billion. During the same quarter in the prior year, the firm posted $3.19 earnings per share. The business’s quarterly revenue was down .3% on a year-over-year basis. As a group, sell-side analysts predict that Constellation Brands, Inc. will post 13.72 EPS for the current year.

Constellation Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be paid a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend is Friday, February 7th. Constellation Brands’s dividend payout ratio is currently 108.60%.

Constellation Brands Company Profile

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.