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

Avior Wealth Management LLC lifted its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 4.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,355 shares of the company’s stock after acquiring an additional 55 shares during the period. Avior Wealth Management LLC’s holdings in Constellation Brands were worth $328,000 as of its most recent SEC filing.

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

Constellation Brands Stock Performance

Shares of NYSE:STZ opened at $260.70 on Friday. The company has a market cap of $47.66 billion, a P/E ratio of 27.79, a PEG ratio of 1.74 and a beta of 0.97. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.53 and a current ratio of 1.19. Constellation Brands, Inc. has a one year low of $221.81 and a one year high of $274.87. The business’s 50-day simple moving average is $258.19 and its 200 day simple moving average is $247.29.

Constellation Brands (NYSE:STZ) last announced 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 business 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 company’s revenue was up 7.1% on a year-over-year basis. During the same period last year, the business posted $1.98 EPS. On average, sell-side analysts forecast that Constellation Brands, Inc. will post 13.51 earnings per share for the current fiscal year.

Constellation Brands Increases Dividend

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

Insiders Place Their Bets

In other Constellation Brands news, EVP James A. Jr. Sabia sold 15,781 shares of Constellation Brands stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 20,910 shares in the company, valued at approximately $5,512,503.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 16.19% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on STZ. Bank of America raised their price target on Constellation Brands from $290.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. UBS Group raised their price target on Constellation Brands from $312.00 to $320.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. Wedbush reissued an “outperform” rating and issued a $300.00 price target on shares of Constellation Brands in a research note on Wednesday, April 10th. Barclays raised their price target on Constellation Brands from $294.00 to $295.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. Finally, Argus upgraded Constellation Brands from a “hold” rating to a “buy” rating and set a $306.00 price objective on the stock in a report on Monday, April 15th. Three equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $298.55.

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.