Guidance Capital Inc. Makes New Investment in Constellation Brands, Inc. (NYSE:STZ)

Guidance Capital Inc. bought a new position in Constellation Brands, Inc. (NYSE:STZ) during the 1st quarter, HoldingsChannel reports. The fund bought 971 shares of the company’s stock, valued at approximately $251,000.

A number of other institutional investors have also recently made changes to their positions in the company. BKM Wealth Management LLC purchased a new stake in Constellation Brands during the 4th quarter valued at $28,000. First Financial Corp IN bought a new position in shares of Constellation Brands during the first quarter valued at $35,000. Kapitalo Investimentos Ltda purchased a new stake in shares of Constellation Brands during the fourth quarter valued at $35,000. Turtle Creek Wealth Advisors LLC bought a new stake in Constellation Brands in the 4th quarter worth about $37,000. Finally, Northwest Investment Counselors LLC purchased a new position in Constellation Brands in the 1st quarter worth about $46,000. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Wall Street Analysts Forecast Growth

STZ has been the topic of a number of recent analyst reports. Roth Mkm reaffirmed a “buy” rating and set a $305.00 price target on shares of Constellation Brands in a report on Friday, April 12th. BMO Capital Markets lifted their target price on shares of Constellation Brands from $290.00 to $315.00 and gave the stock an “outperform” rating in a research report on Friday, April 12th. Wedbush reissued an “outperform” rating and set a $300.00 price target on shares of Constellation Brands in a report on Wednesday, April 10th. Piper Sandler assumed coverage on Constellation Brands in a report on Friday, March 22nd. They issued an “overweight” rating and a $300.00 price objective for the company. Finally, Evercore ISI increased their target price on Constellation Brands from $300.00 to $310.00 and gave the company an “outperform” rating in a report on Friday, April 12th. Three investment analysts have rated the stock with a hold rating and seventeen have issued 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 price target of $298.37.

Insider Activity at Constellation Brands

In other Constellation Brands news, EVP James A. Jr. Sabia sold 15,781 shares of the stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $263.63, for a total transaction of $4,160,345.03. Following the completion of the sale, the executive vice president now directly owns 20,910 shares of the company’s stock, valued at approximately $5,512,503.30. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO William A. Newlands sold 4,013 shares of the business’s stock in a transaction dated Friday, April 19th. The stock was 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 in the company, valued at $1,420,233.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP James A. Jr. Sabia sold 15,781 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The shares were 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. In the last 90 days, insiders have sold 48,031 shares of company stock valued at $12,582,321. 12.19% of the stock is owned by company insiders.

Constellation Brands Price Performance

Shares of STZ traded up $1.37 during mid-day trading on Friday, reaching $257.28. The stock had a trading volume of 1,518,776 shares, compared to its average volume of 1,102,593. The business has a fifty day moving average of $255.34 and a 200 day moving average of $253.68. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.53 and a current ratio of 1.19. The firm has a market cap of $47.08 billion, a price-to-earnings ratio of 27.43, a PEG ratio of 1.70 and a beta of 1.75. Constellation Brands, Inc. has a 12 month low of $227.50 and a 12 month high of $274.87.

Constellation Brands (NYSE:STZ) last issued its earnings results on Thursday, April 11th. The company reported $2.26 earnings per share for the quarter, topping the consensus estimate of $2.10 by $0.16. Constellation Brands had a net margin of 16.13% and a return on equity of 23.06%. The company had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter in the prior year, the firm posted $1.98 EPS. Constellation Brands’s quarterly revenue was up 7.1% compared to the same quarter last year. Equities analysts predict that Constellation Brands, Inc. will post 13.67 EPS for the current year.

Constellation Brands Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 17th. Investors of record on Friday, May 3rd were given a dividend of $1.01 per share. The ex-dividend date of this dividend was Thursday, May 2nd. This represents a $4.04 annualized dividend and a dividend yield of 1.57%. This is a boost from Constellation Brands’s previous quarterly dividend of $0.89. Constellation Brands’s dividend payout ratio (DPR) is currently 43.07%.

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.