Corient Private Wealth LLC Cuts Stock Holdings in Constellation Brands Inc $STZ

Corient Private Wealth LLC decreased its stake in shares of Constellation Brands Inc (NYSE:STZ) by 21.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 27,758 shares of the company’s stock after selling 7,577 shares during the period. Corient Private Wealth LLC’s holdings in Constellation Brands were worth $3,834,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of STZ. MV Capital Management Inc. purchased a new stake in Constellation Brands in the fourth quarter valued at $26,000. Stance Capital LLC acquired a new position in shares of Constellation Brands in the third quarter valued at approximately $26,000. Strive Financial Group LLC acquired a new position in Constellation Brands in the 4th quarter valued at $27,000. GoalVest Advisory LLC purchased a new position in Constellation Brands during the 4th quarter worth $28,000. Finally, Elyxium Wealth LLC purchased a new position in Constellation Brands during the 4th quarter worth $33,000. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Constellation Brands News Roundup

Here are the key news stories impacting Constellation Brands this week:

• Positive Sentiment: RBC said Constellation Brands is likely to post in-line quarterly results and reiterated its outlook, which suggests the company may be on track heading into earnings. Constellation Brands Likely to Report In-Line Quarterly Results, Reiterate Outlook, RBC Says
• Positive Sentiment: TD Cowen reaffirmed its buy rating and set a $174 price target, implying meaningful upside from recent trading levels. Benzinga analyst update
• Positive Sentiment: Needham also reaffirmed a buy rating and raised its price target to $185, signaling continued confidence in the company’s long-term earnings potential. Benzinga analyst update

Insider Transactions at Constellation Brands

In other Constellation Brands news, EVP James O. Bourdeau sold 4,407 shares of Constellation Brands stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $143.24, for a total value of $631,258.68. Following the completion of the sale, the executive vice president directly owned 9,109 shares of the company’s stock, valued at approximately $1,304,773.16. The trade was a 32.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 12.20% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Roth Mkm reiterated a “buy” rating on shares of Constellation Brands in a research note on Thursday, April 9th. Bank of America reduced their price objective on shares of Constellation Brands from $154.00 to $152.00 and set an “underperform” rating for the company in a research report on Thursday, May 28th. Citigroup reaffirmed a “buy” rating on shares of Constellation Brands in a report on Monday, May 18th. Royal Bank Of Canada reiterated an “outperform” rating and set a $185.00 target price on shares of Constellation Brands in a research report on Friday, April 10th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Constellation Brands in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Constellation Brands has a consensus rating of “Moderate Buy” and a consensus target price of $173.00.

Constellation Brands Trading Up 1.3%

Shares of STZ stock opened at $146.37 on Friday. The company has a market capitalization of $25.20 billion, a price-to-earnings ratio of 15.26, a PEG ratio of 4.24 and a beta of 0.39. The company has a current ratio of 1.08, a quick ratio of 0.55 and a debt-to-equity ratio of 1.16. The firm has a 50-day moving average price of $146.88 and a 200 day moving average price of $150.29. Constellation Brands Inc has a twelve month low of $126.45 and a twelve month high of $178.13.

Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Wednesday, April 8th. The company reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $0.19. The company had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Constellation Brands had a net margin of 17.29% and a return on equity of 26.18%. The firm’s revenue for the quarter was down 11.3% compared to the same quarter last year. During the same period last year, the company earned $2.63 EPS. Research analysts forecast that Constellation Brands Inc will post 11.84 earnings per share for the current fiscal year.

Constellation Brands Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Wednesday, April 29th were given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 2.8%. This is an increase from Constellation Brands’s previous quarterly dividend of $1.02. The ex-dividend date was Wednesday, April 29th. Constellation Brands’s dividend payout ratio (DPR) is 42.96%.

Constellation Brands Company Profile

Constellation Brands, Inc is a leading producer and marketer of beer, wine and spirits, with operations spanning production, importation, marketing and distribution. The company’s beverage portfolio includes a range of premium and mainstream wines and spirits alongside major imported beer brands; in the U.S. market Constellation is widely known for its role in bringing Mexican imports such as Corona and Modelo to American consumers. Constellation supplies retail, on‑premise and foodservice channels and supports its brands with national sales and marketing platforms and supply‑chain capabilities.

The company traces its roots to the Canandaigua Wine Company, founded by Marvin Sands in 1945, and evolved through organic growth and acquisition into a diversified beverage company.