Proficio Capital Partners LLC Buys New Shares in Constellation Brands, Inc. (NYSE:STZ)

Proficio Capital Partners LLC bought a new stake in shares of Constellation Brands, Inc. (NYSE:STZ) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 113,659 shares of the company’s stock, valued at approximately $25,119,000.

Several other large investors have also recently bought and sold shares of the stock. Compagnie Lombard Odier SCmA acquired a new position in shares of Constellation Brands in the 4th quarter valued at $27,000. Union Bancaire Privee UBP SA acquired a new position in shares of Constellation Brands in the 4th quarter valued at $28,000. Versant Capital Management Inc raised its stake in shares of Constellation Brands by 887.5% in the 4th quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock valued at $35,000 after buying an additional 142 shares in the last quarter. Centricity Wealth Management LLC acquired a new position in shares of Constellation Brands in the 4th quarter valued at $35,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of Constellation Brands in the 4th quarter valued at $36,000. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

STZ has been the subject of a number of recent research reports. Jefferies Financial Group restated a “hold” rating and issued a $201.00 price objective (down previously from $310.00) on shares of Constellation Brands in a research note on Monday, January 13th. Piper Sandler cut shares of Constellation Brands from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $245.00 to $200.00 in a research note on Monday, February 3rd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $293.00 target price on shares of Constellation Brands in a report on Monday, February 3rd. UBS Group lowered their target price on shares of Constellation Brands from $265.00 to $223.00 and set a “buy” rating on the stock in a report on Friday, January 17th. Finally, StockNews.com lowered shares of Constellation Brands from a “hold” rating to a “sell” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $253.43.

Constellation Brands Stock Up 1.4 %

Shares of NYSE STZ opened at $175.74 on Friday. The firm has a market capitalization of $31.76 billion, a PE ratio of 47.24, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26. Constellation Brands, Inc. has a 1 year low of $160.46 and a 1 year high of $274.87. The firm’s 50-day moving average is $189.00 and its 200-day moving average is $223.72.

Constellation Brands (NYSE:STZ) last issued its earnings results on Friday, January 10th. The company reported $3.25 earnings per share (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 the consensus estimate of $2.53 billion. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period last year, the business posted $3.19 EPS. Equities analysts expect that Constellation Brands, Inc. will post 13.5 EPS for the current year.

Constellation Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend was Friday, February 7th. Constellation Brands’s dividend payout ratio (DPR) is presently 108.60%.

Insider Activity

In other news, Director William T. Giles purchased 1,000 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The shares were acquired at an average cost of $186.39 per share, for a total transaction of $186,390.00. Following the transaction, the director now directly owns 1,463 shares of the company’s stock, valued at approximately $272,688.57. The trade was a 215.98 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders own 12.19% of the company’s stock.

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.