Private Wealth Partners LLC Has $818,000 Stake in Constellation Brands, Inc. (NYSE:STZ)

Private Wealth Partners LLC trimmed its position in Constellation Brands, Inc. (NYSE:STZ) by 12.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,385 shares of the company’s stock after selling 480 shares during the quarter. Private Wealth Partners LLC’s holdings in Constellation Brands were worth $818,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of STZ. AE Wealth Management LLC lifted its holdings in shares of Constellation Brands by 32.0% in the third quarter. AE Wealth Management LLC now owns 4,288 shares of the company’s stock valued at $1,078,000 after purchasing an additional 1,040 shares in the last quarter. Impact Partnership Wealth LLC raised its holdings in Constellation Brands by 1,175.0% during the third quarter. Impact Partnership Wealth LLC now owns 102 shares of the company’s stock worth $26,000 after acquiring an additional 94 shares in the last quarter. Strategic Blueprint LLC raised its holdings in Constellation Brands by 5.6% during the third quarter. Strategic Blueprint LLC now owns 1,571 shares of the company’s stock worth $395,000 after acquiring an additional 84 shares in the last quarter. Caprock Group LLC raised its holdings in Constellation Brands by 2.7% during the third quarter. Caprock Group LLC now owns 2,578 shares of the company’s stock worth $648,000 after acquiring an additional 68 shares in the last quarter. Finally, Oak Thistle LLC raised its holdings in Constellation Brands by 36.9% during the third quarter. Oak Thistle LLC now owns 1,344 shares of the company’s stock worth $338,000 after acquiring an additional 362 shares in the last quarter. 77.34% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Constellation Brands news, EVP James A. Jr. Sabia sold 15,781 shares of the firm’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $263.63, for a total value of $4,160,345.03. Following the sale, the executive vice president now owns 20,910 shares of the company’s stock, valued at approximately $5,512,503.30. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Constellation Brands news, EVP James A. Jr. Sabia sold 15,781 shares of the firm’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $263.63, for a total value of $4,160,345.03. Following the sale, the executive vice president now owns 20,910 shares of the company’s stock, valued at approximately $5,512,503.30. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO William A. Newlands sold 4,013 shares of the firm’s stock in a transaction on Friday, April 19th. The shares were sold at an average price of $263.25, for a total value of $1,056,422.25. Following the completion of the sale, the chief executive officer now directly owns 5,395 shares in the company, valued at approximately $1,420,233.75. The disclosure for this sale can be found here. 16.19% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently issued reports on STZ. Argus upgraded Constellation Brands from a “hold” rating to a “buy” rating and set a $306.00 target price on the stock in a report on Monday, April 15th. Deutsche Bank Aktiengesellschaft upped their target price on Constellation Brands from $256.00 to $262.00 and gave the stock a “hold” rating in a report on Wednesday, April 10th. Barclays upped their target price on Constellation Brands from $294.00 to $295.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Bank of America upped their target price on Constellation Brands from $290.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Finally, Piper Sandler started coverage on Constellation Brands in a research note on Friday, March 22nd. They issued an “overweight” rating and a $300.00 price objective on the stock. Three analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $298.55.

Constellation Brands Stock Performance

Shares of Constellation Brands stock traded down $1.67 on Friday, hitting $260.04. The stock had a trading volume of 700,014 shares, compared to its average volume of 1,410,273. Constellation Brands, Inc. has a twelve month low of $221.81 and a twelve month high of $274.87. The business’s 50 day moving average is $259.80 and its two-hundred day moving average is $248.01. The company has a quick ratio of 0.53, a current ratio of 1.19 and a debt-to-equity ratio of 1.06. The stock has a market cap of $47.54 billion, a price-to-earnings ratio of 27.72, a price-to-earnings-growth ratio of 1.76 and a beta of 1.75.

Constellation Brands (NYSE:STZ) last posted its earnings results on Thursday, April 11th. The company reported $2.26 EPS for the quarter, beating the consensus estimate of $2.10 by $0.16. The company had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.09 billion. Constellation Brands had a return on equity of 23.06% and a net margin of 16.13%. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.98 earnings per share. Analysts forecast that Constellation Brands, Inc. will post 13.51 EPS for the current year.

Constellation Brands Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 3rd will be given a dividend of $1.01 per share. The ex-dividend date is Thursday, May 2nd. This represents a $4.04 dividend on an annualized basis and a yield of 1.55%. This is an increase from Constellation Brands’s previous quarterly dividend of $0.89. Constellation Brands’s dividend payout ratio is currently 43.07%.

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 Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Victoria, Vicky Chamoy, and Pacifico brands.