Aviance Capital Partners LLC Purchases 677 Shares of Constellation Brands, Inc. (NYSE:STZ)

Aviance Capital Partners LLC increased its position in Constellation Brands, Inc. (NYSE:STZ) by 4.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,511 shares of the company’s stock after acquiring an additional 677 shares during the period. Aviance Capital Partners LLC’s holdings in Constellation Brands were worth $3,870,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of STZ. Mainstream Capital Management LLC bought a new stake in shares of Constellation Brands in the fourth quarter worth $25,000. SBI Securities Co. Ltd. bought a new stake in shares of Constellation Brands in the fourth quarter worth $26,000. Compagnie Lombard Odier SCmA bought a new stake in shares of Constellation Brands in the fourth quarter worth $27,000. Union Bancaire Privee UBP SA bought a new stake in shares of Constellation Brands in the fourth quarter worth $28,000. Finally, Versant Capital Management Inc grew its holdings in shares of Constellation Brands by 887.5% in the fourth quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock worth $35,000 after acquiring an additional 142 shares during the period. Institutional investors own 77.34% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on STZ. Barclays cut their price objective on Constellation Brands from $282.00 to $214.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. Truist Financial cut their price target on Constellation Brands from $255.00 to $190.00 and set a “hold” rating for the company in a report on Tuesday, January 14th. Needham & Company LLC reissued a “buy” rating and set a $240.00 price target on shares of Constellation Brands in a report on Monday, January 27th. Morgan Stanley lowered Constellation Brands from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $220.00 to $202.00 in a report on Thursday, February 27th. Finally, Roth Capital cut their price target on Constellation Brands from $298.00 to $284.00 and set a “buy” rating for the company in a report on Friday, January 17th. Eleven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $253.43.

Insiders Place Their Bets

In related news, Director William T. Giles acquired 1,000 shares of Constellation Brands stock in a transaction on Friday, January 17th. The shares were bought at an average cost of $186.39 per share, with a total value of $186,390.00. Following the completion of the purchase, the director now directly owns 1,463 shares of the company’s stock, valued at $272,688.57. The trade was a 215.98 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 12.19% of the stock is currently owned by insiders.

Constellation Brands Price Performance

NYSE:STZ opened at $179.00 on Friday. 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 company has a market capitalization of $32.35 billion, a P/E ratio of 48.12, a P/E/G ratio of 1.52 and a beta of 1.75. Constellation Brands, Inc. has a 12 month low of $160.46 and a 12 month high of $274.87. The business’s 50-day moving average is $185.00 and its 200 day moving average is $221.84.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Friday, January 10th. The company reported $3.25 earnings per share for the quarter, missing the consensus estimate of $3.33 by ($0.08). Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The company had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.53 billion. During the same period in the previous year, the firm earned $3.19 earnings per share. The company’s revenue was down .3% compared to the same quarter last year. On average, equities research analysts forecast that Constellation Brands, Inc. will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a dividend of $1.01 per share. The ex-dividend date was Friday, February 7th. This represents a $4.04 annualized dividend and a yield of 2.26%. Constellation Brands’s 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.