Constellation Brands, Inc. (NYSE:STZ) Shares Bought by Avior Wealth Management LLC

Avior Wealth Management LLC grew its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 4.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,355 shares of the company’s stock after purchasing an additional 55 shares during the quarter. Avior Wealth Management LLC’s holdings in Constellation Brands were worth $328,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Impact Partnership Wealth LLC boosted its stake in Constellation Brands by 1,175.0% during the 3rd quarter. Impact Partnership Wealth LLC now owns 102 shares of the company’s stock worth $26,000 after purchasing an additional 94 shares during the last quarter. BKM Wealth Management LLC acquired a new position in shares of Constellation Brands during the 4th quarter valued at about $28,000. Asset Dedication LLC boosted its position in shares of Constellation Brands by 3,833.3% during the 3rd quarter. Asset Dedication LLC now owns 118 shares of the company’s stock valued at $30,000 after acquiring an additional 115 shares during the last quarter. Resurgent Financial Advisors LLC acquired a new position in shares of Constellation Brands during the 4th quarter valued at about $34,000. Finally, Turtle Creek Wealth Advisors LLC acquired a new position in shares of Constellation Brands during the 4th quarter valued at about $37,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

Insider Transactions at Constellation Brands

In other news, EVP James A. Jr. Sabia sold 15,781 shares of the business’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $263.63, for a total transaction of $4,160,345.03. Following the completion of the transaction, the executive vice president now directly owns 20,910 shares of the company’s stock, valued at $5,512,503.30. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 16.19% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on STZ shares. Bank of America boosted their price target on shares of Constellation Brands from $290.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Argus raised shares of Constellation Brands from a “hold” rating to a “buy” rating and set a $306.00 price target on the stock in a research report on Monday, April 15th. Jefferies Financial Group boosted their price target on shares of Constellation Brands from $292.00 to $314.00 and gave the company a “buy” rating in a research report on Friday, April 12th. Royal Bank of Canada boosted their price target on shares of Constellation Brands from $295.00 to $308.00 and gave the company an “outperform” rating in a research report on Friday, April 12th. Finally, HSBC boosted their price target on shares of Constellation Brands from $290.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, April 12th. Three research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat.com, Constellation Brands presently has a consensus rating of “Moderate Buy” and a consensus target price of $298.55.

Constellation Brands Stock Up 0.8 %

Shares of NYSE:STZ opened at $260.70 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.19 and a quick ratio of 0.53. The firm has a market capitalization of $47.66 billion, a PE ratio of 27.79, a price-to-earnings-growth ratio of 1.74 and a beta of 0.97. The firm’s 50-day moving average is $258.19 and its two-hundred day moving average is $247.29. Constellation Brands, Inc. has a 1 year low of $221.81 and a 1 year high of $274.87.

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

Constellation Brands Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 3rd will be paid a dividend of $1.01 per share. The ex-dividend date is Thursday, May 2nd. This is a positive change from Constellation Brands’s previous quarterly dividend of $0.89. This represents a $4.04 dividend on an annualized basis and a yield of 1.55%. Constellation Brands’s dividend payout ratio is 37.95%.

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