Aviva PLC Has $21.73 Million Stake in Constellation Brands, Inc. (NYSE:STZ)

Aviva PLC reduced its holdings in Constellation Brands, Inc. (NYSE:STZ) by 51.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 98,313 shares of the company’s stock after selling 105,770 shares during the quarter. Aviva PLC’s holdings in Constellation Brands were worth $21,727,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Dynamic Technology Lab Private Ltd increased its position in Constellation Brands by 59.1% in the 4th quarter. Dynamic Technology Lab Private Ltd now owns 12,494 shares of the company’s stock worth $2,761,000 after buying an additional 4,642 shares during the period. KCM Investment Advisors LLC increased its position in Constellation Brands by 4.8% during the fourth quarter. KCM Investment Advisors LLC now owns 3,544 shares of the company’s stock worth $783,000 after acquiring an additional 162 shares during the period. Resona Asset Management Co. Ltd. acquired a new position in Constellation Brands during the 4th quarter valued at $10,401,000. Leeward Financial Partners LLC boosted its holdings in Constellation Brands by 18.0% in the 4th quarter. Leeward Financial Partners LLC now owns 931 shares of the company’s stock valued at $206,000 after purchasing an additional 142 shares during the period. Finally, Savoir Faire Capital Management L.P. grew its position in Constellation Brands by 82.5% in the 4th quarter. Savoir Faire Capital Management L.P. now owns 55,218 shares of the company’s stock worth $12,203,000 after purchasing an additional 24,958 shares during the last quarter. 77.34% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director William T. Giles acquired 1,000 shares of the company’s stock in a transaction on Friday, January 17th. The stock was purchased at an average cost of $186.39 per share, with a total value of $186,390.00. Following the acquisition, the director now owns 1,463 shares of the company’s stock, valued at $272,688.57. This trade represents a 215.98 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 12.19% of the company’s stock.

Constellation Brands Price Performance

Shares of STZ stock opened at $173.79 on Monday. Constellation Brands, Inc. has a 52 week low of $160.46 and a 52 week high of $274.87. The stock has a market capitalization of $31.41 billion, a PE ratio of 46.72, a PEG ratio of 1.52 and a beta of 1.75. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 1.10. The stock’s fifty day moving average is $177.14 and its 200-day moving average is $212.00.

Constellation Brands (NYSE:STZ) last posted 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 net margin of 6.27% and a return on equity of 26.55%. The company had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.53 billion. During the same quarter in the previous year, the business posted $3.19 EPS. The company’s revenue was down .3% compared to the same quarter last year. Equities research analysts expect that Constellation Brands, Inc. will post 13.5 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend was Friday, February 7th. Constellation Brands’s dividend payout ratio (DPR) is presently 108.60%.

Wall Street Analysts Forecast Growth

STZ has been the subject of several research reports. Jefferies Financial Group reiterated a “hold” rating and issued a $201.00 target price (down previously from $310.00) on shares of Constellation Brands in a research note on Monday, January 13th. TD Cowen decreased their price objective on Constellation Brands from $270.00 to $260.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Evercore ISI lowered their price objective on Constellation Brands from $300.00 to $250.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. Roth Capital reduced their target price on Constellation Brands from $298.00 to $284.00 and set a “buy” rating for the company in a research report on Friday, January 17th. Finally, Wells Fargo & Company lowered their price target on shares of Constellation Brands from $230.00 to $210.00 and set an “overweight” rating on the stock in a report on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $244.32.

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.