Constellation Brands Inc (STZ) Shares Bought by Aviance Capital Partners LLC
Aviance Capital Partners LLC increased its stake in shares of Constellation Brands Inc (NYSE:STZ) by 2.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,060 shares of the company’s stock after buying an additional 249 shares during the period. Constellation Brands accounts for about 0.8% of Aviance Capital Partners LLC’s holdings, making the stock its 29th largest position. Aviance Capital Partners LLC’s holdings in Constellation Brands were worth $2,336,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the stock. Harbour Capital Advisors LLC bought a new stake in Constellation Brands during the first quarter valued at $117,000. North Star Investment Management Corp. boosted its stake in Constellation Brands by 11.6% in the second quarter. North Star Investment Management Corp. now owns 748 shares of the company’s stock valued at $145,000 after buying an additional 78 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in Constellation Brands by 3.2% in the first quarter. Quadrant Capital Group LLC now owns 765 shares of the company’s stock valued at $115,000 after buying an additional 24 shares during the last quarter. Hanson McClain Inc. boosted its stake in Constellation Brands by 0.3% in the first quarter. Hanson McClain Inc. now owns 769 shares of the company’s stock valued at $125,000 after buying an additional 2 shares during the last quarter. Finally, Tompkins Financial Corp raised its position in Constellation Brands by 29.4% in the first quarter. Tompkins Financial Corp now owns 770 shares of the company’s stock valued at $116,000 after buying an additional 175 shares during the period. Institutional investors and hedge funds own 76.14% of the company’s stock.
Constellation Brands Inc (STZ) traded down 0.15% during mid-day trading on Tuesday, hitting $194.68. 878,108 shares of the stock traded hands. The company has a 50 day moving average price of $191.96 and a 200-day moving average price of $172.89. Constellation Brands Inc has a one year low of $144.00 and a one year high of $199.89. The stock has a market capitalization of $38.02 billion, a PE ratio of 24.42 and a beta of 0.06.
Constellation Brands (NYSE:STZ) last issued its earnings results on Thursday, June 29th. The company reported $2.34 EPS for the quarter, beating the consensus estimate of $1.98 by $0.36. The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.95 billion. Constellation Brands had a net margin of 19.94% and a return on equity of 21.57%. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.54 EPS. Equities analysts anticipate that Constellation Brands Inc will post $8.17 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 23rd. Investors of record on Wednesday, August 9th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Monday, August 7th. Constellation Brands’s dividend payout ratio is 26.03%.
Several research firms recently issued reports on STZ. UBS AG increased their price target on shares of Constellation Brands from $162.00 to $176.00 and gave the stock a “neutral” rating in a research report on Friday, June 30th. Royal Bank Of Canada reissued a “buy” rating and issued a $220.00 price target on shares of Constellation Brands in a research report on Wednesday, August 2nd. Cowen and Company reissued a “buy” rating and issued a $230.00 price target on shares of Constellation Brands in a research report on Thursday, August 3rd. Wells Fargo & Company reissued an “outperform” rating and issued a $216.00 price target (up previously from $215.00) on shares of Constellation Brands in a research report on Saturday, July 22nd. Finally, BidaskClub lowered shares of Constellation Brands from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $200.53.
In related news, VP Thomas J. Mullin sold 54,834 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $194.50, for a total transaction of $10,665,213.00. Following the completion of the transaction, the vice president now directly owns 86,005 shares in the company, valued at approximately $16,727,972.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Thomas Michael Kane sold 4,940 shares of the company’s stock in a transaction that occurred on Friday, July 7th. The stock was sold at an average price of $193.28, for a total transaction of $954,803.20. Following the transaction, the vice president now owns 8,914 shares of the company’s stock, valued at $1,722,897.92. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 95,601 shares of company stock valued at $18,586,986. 15.59% of the stock is owned by corporate insiders.
Constellation Brands Company Profile
Constellation Brands, Inc is an international beverage alcohol company. The Company is a producer and marketer of beer, wine and spirits with operations in the United States, Canada, Mexico, New Zealand and Italy. Its segments include Beer, Wine and Spirits, and Corporate Operations and Other. It is a multi-category supplier (beer, wine and spirits) of beverage alcohol in the United States.
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