Guidance Capital Inc. Acquires 104 Shares of Constellation Brands, Inc. (NYSE:STZ)

Guidance Capital Inc. boosted its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 4.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,209 shares of the company’s stock after purchasing an additional 104 shares during the quarter. Guidance Capital Inc.’s holdings in Constellation Brands were worth $488,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Park Avenue Securities LLC raised its stake in shares of Constellation Brands by 23.3% in the third quarter. Park Avenue Securities LLC now owns 4,362 shares of the company’s stock valued at $1,124,000 after purchasing an additional 824 shares in the last quarter. Czech National Bank grew its holdings in shares of Constellation Brands by 4.0% during the third quarter. Czech National Bank now owns 31,918 shares of the company’s stock worth $8,225,000 after purchasing an additional 1,239 shares during the last quarter. Diversified Trust Co increased its position in Constellation Brands by 6.2% in the 3rd quarter. Diversified Trust Co now owns 929 shares of the company’s stock valued at $239,000 after acquiring an additional 54 shares in the last quarter. Mather Group LLC. lifted its holdings in Constellation Brands by 13.0% during the 3rd quarter. Mather Group LLC. now owns 703 shares of the company’s stock worth $181,000 after buying an additional 81 shares in the last quarter. Finally, Callan Family Office LLC acquired a new position in Constellation Brands during the 3rd quarter valued at about $215,000. 77.34% of the stock is owned by institutional investors.

Constellation Brands Stock Down 1.0 %

STZ opened at $172.72 on Wednesday. The stock has a market cap of $31.22 billion, a price-to-earnings ratio of 46.43, a price-to-earnings-growth ratio of 1.59 and a beta of 0.90. 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 firm’s fifty day moving average is $214.07 and its 200 day moving average is $233.24. Constellation Brands, Inc. has a fifty-two week low of $166.02 and a fifty-two week high of $274.87.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Friday, January 10th. The company reported $3.25 EPS for the quarter, missing the consensus estimate of $3.33 by ($0.08). The business had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.53 billion. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. Constellation Brands’s revenue was down .3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.19 earnings per share. On average, sell-side analysts forecast that Constellation Brands, Inc. will post 13.52 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be issued a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date is Friday, February 7th. Constellation Brands’s payout ratio is currently 108.60%.

Insider Activity

In other news, Director William T. Giles acquired 1,000 shares of the business’s stock in a transaction dated Friday, January 17th. The shares were purchased at an average price of $186.39 per share, with a total value of $186,390.00. Following the transaction, the director now directly owns 1,463 shares in the company, valued at approximately $272,688.57. This represents a 215.98 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO William A. Newlands sold 25,000 shares of the stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $243.58, for a total value of $6,089,500.00. Following the sale, the chief executive officer now owns 7,274 shares of the company’s stock, valued at approximately $1,771,800.92. This represents a 77.46 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 61,746 shares of company stock valued at $15,017,097. 12.19% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have issued reports on STZ. TD Cowen decreased their target price on Constellation Brands from $270.00 to $260.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Roth Capital cut their price target on shares of Constellation Brands from $298.00 to $284.00 and set a “buy” rating for the company in a research note on Friday, January 17th. BMO Capital Markets reduced their price objective on shares of Constellation Brands from $315.00 to $305.00 and set an “outperform” rating for the company in a research report on Tuesday, October 15th. Truist Financial dropped their target price on Constellation Brands from $255.00 to $190.00 and set a “hold” rating for the company in a report on Tuesday, January 14th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $293.00 target price on shares of Constellation Brands in a report on Monday. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $254.29.

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.