Aviance Capital Partners LLC Has $3.92 Million Stock Holdings in Constellation Brands, Inc. (NYSE:STZ)

Aviance Capital Partners LLC lowered its position in Constellation Brands, Inc. (NYSE:STZ) by 1.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,227 shares of the company’s stock after selling 299 shares during the quarter. Aviance Capital Partners LLC’s holdings in Constellation Brands were worth $3,923,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of STZ. Apollon Wealth Management LLC grew its stake in shares of Constellation Brands by 68.5% in the 4th quarter. Apollon Wealth Management LLC now owns 3,150 shares of the company’s stock valued at $762,000 after purchasing an additional 1,281 shares during the period. Lincoln National Corp grew its holdings in shares of Constellation Brands by 9.2% in the 4th quarter. Lincoln National Corp now owns 2,802 shares of the company’s stock worth $678,000 after purchasing an additional 237 shares during the last quarter. Machina Capital S.A.S. acquired a new stake in shares of Constellation Brands during the 4th quarter worth about $867,000. Wealthcare Advisory Partners LLC lifted its holdings in Constellation Brands by 70.4% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 3,631 shares of the company’s stock valued at $878,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Summit Trail Advisors LLC boosted its position in Constellation Brands by 5.7% in the fourth quarter. Summit Trail Advisors LLC now owns 2,152 shares of the company’s stock valued at $520,000 after buying an additional 116 shares in the last quarter. 77.34% of the stock is owned by institutional investors.

Constellation Brands Trading Up 0.5 %

NYSE STZ traded up $1.23 on Monday, reaching $257.31. The company had a trading volume of 752,198 shares, compared to its average volume of 1,231,642. The company has a quick ratio of 0.53, a current ratio of 1.19 and a debt-to-equity ratio of 1.06. Constellation Brands, Inc. has a 52 week low of $222.45 and a 52 week high of $274.87. The stock has a market cap of $47.08 billion, a price-to-earnings ratio of 27.43, a PEG ratio of 1.73 and a beta of 0.95. The stock’s 50 day moving average is $261.04 and its 200-day moving average is $249.04.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings results on Thursday, April 11th. The company reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 16.13% and a return on equity of 23.06%. Constellation Brands’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period last year, the company posted $1.98 EPS. Equities analysts predict that Constellation Brands, Inc. will post 13.51 earnings per share for the current year.

Constellation Brands Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 3rd will be issued a $1.01 dividend. This is a positive change from Constellation Brands’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $4.04 annualized dividend and a dividend yield of 1.57%. Constellation Brands’s payout ratio is 43.07%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. HSBC boosted their target price on Constellation Brands from $290.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, April 12th. UBS Group raised their target price on Constellation Brands from $312.00 to $320.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Barclays upped their price target on shares of Constellation Brands from $294.00 to $295.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. Roth Mkm restated a “buy” rating and issued a $305.00 price objective on shares of Constellation Brands in a research report on Friday, April 12th. Finally, Wedbush reiterated an “outperform” rating and set a $300.00 target price on shares of Constellation Brands in a research report on Wednesday, April 10th. Three research analysts have rated the stock with a hold rating and eighteen have assigned 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.

Insider Activity at Constellation Brands

In other Constellation Brands news, EVP James A. Jr. Sabia sold 15,781 shares of Constellation Brands 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 transaction, the executive vice president now directly owns 20,910 shares in the company, valued at $5,512,503.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO William A. Newlands sold 4,013 shares of the business’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 sale, the chief executive officer now directly owns 5,395 shares of the company’s stock, valued at approximately $1,420,233.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP James A. Jr. Sabia sold 15,781 shares of the stock in a transaction dated 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 transaction, the executive vice president now owns 20,910 shares of the company’s stock, valued at approximately $5,512,503.30. The disclosure for this sale can be found here. 16.19% of the stock is owned by corporate insiders.

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.