Aviso Wealth Management Has $284,000 Holdings in Constellation Brands, Inc. (NYSE:STZ)

Aviso Wealth Management lessened its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 23.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,102 shares of the company’s stock after selling 335 shares during the period. Aviso Wealth Management’s holdings in Constellation Brands were worth $284,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of STZ. New Millennium Group LLC acquired a new stake in Constellation Brands during the 2nd quarter worth about $25,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Constellation Brands during the 2nd quarter worth about $29,000. Horizon Bancorp Inc. IN acquired a new stake in Constellation Brands during the 2nd quarter worth about $32,000. Opal Wealth Advisors LLC acquired a new stake in Constellation Brands during the 2nd quarter worth about $36,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in Constellation Brands during the 2nd quarter worth about $36,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

Constellation Brands Stock Performance

Shares of NYSE STZ opened at $237.51 on Monday. The business has a fifty day simple moving average of $244.13 and a 200 day simple moving average of $248.01. The company has a current ratio of 1.25, a quick ratio of 0.53 and a debt-to-equity ratio of 1.31. The firm has a market capitalization of $43.12 billion, a price-to-earnings ratio of 76.86, a PEG ratio of 1.68 and a beta of 0.90. Constellation Brands, Inc. has a one year low of $224.76 and a one year high of $274.87.

Constellation Brands (NYSE:STZ) last issued its earnings results on Thursday, October 3rd. The company reported $4.32 EPS for the quarter, beating analysts’ consensus estimates of $4.08 by $0.24. The business had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.95 billion. Constellation Brands had a return on equity of 25.34% and a net margin of 5.29%. Constellation Brands’s revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the company posted $3.70 earnings per share. Sell-side analysts expect that Constellation Brands, Inc. will post 13.57 EPS for the current year.

Constellation Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Tuesday, November 5th will be paid a $1.01 dividend. The ex-dividend date is Tuesday, November 5th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.70%. Constellation Brands’s payout ratio is 130.74%.

Analyst Upgrades and Downgrades

STZ has been the topic of a number of research reports. UBS Group dropped their target price on Constellation Brands from $320.00 to $295.00 and set a “buy” rating on the stock in a report on Monday, September 9th. JPMorgan Chase & Co. dropped their target price on Constellation Brands from $307.00 to $293.00 and set an “overweight” rating on the stock in a report on Friday, October 4th. Morgan Stanley dropped their target price on Constellation Brands from $305.00 to $280.00 and set an “overweight” rating on the stock in a report on Monday, August 26th. Truist Financial dropped their target price on Constellation Brands from $265.00 to $255.00 and set a “hold” rating on the stock in a report on Friday, October 4th. Finally, Barclays dropped their target price on Constellation Brands from $309.00 to $300.00 and set an “overweight” rating on the stock in a report on Monday, October 7th. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $290.47.

Insiders Place Their Bets

In other Constellation Brands news, EVP Samuel J. Glaetzer sold 1,510 shares of the stock in a transaction on Monday, October 14th. The stock was sold at an average price of $245.57, for a total transaction of $370,810.70. Following the completion of the transaction, the executive vice president now directly owns 4,970 shares in the company, valued at $1,220,482.90. This represents a 23.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert Sands sold 119,274 shares of the stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $242.37, for a total value of $28,908,439.38. Following the transaction, the director now owns 431,729 shares of the company’s stock, valued at $104,638,157.73. This represents a 21.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 189,296 shares of company stock worth $45,899,031 over the last three months. 12.19% of the stock is currently 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.