Mirador Capital Partners LP Purchases 308 Shares of Constellation Brands, Inc. (NYSE:STZ)

Mirador Capital Partners LP raised its position in Constellation Brands, Inc. (NYSE:STZ) by 6.0% during the third quarter, according to its most recent filing with the SEC. The firm owned 5,429 shares of the company’s stock after purchasing an additional 308 shares during the period. Mirador Capital Partners LP’s holdings in Constellation Brands were worth $1,399,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of STZ. New Millennium Group LLC bought a new stake in Constellation Brands in the second quarter worth approximately $25,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Constellation Brands during the 2nd quarter valued at $29,000. Horizon Bancorp Inc. IN acquired a new stake in Constellation Brands in the second quarter worth $32,000. YHB Investment Advisors Inc. bought a new stake in Constellation Brands in the first quarter valued at $35,000. Finally, First Financial Corp IN acquired a new position in shares of Constellation Brands during the first quarter valued at about $35,000. 77.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

STZ has been the subject of several research reports. Morgan Stanley reduced their target price on Constellation Brands from $305.00 to $280.00 and set an “overweight” rating for the company in a research note on Monday, August 26th. Evercore ISI reduced their price objective on Constellation Brands from $310.00 to $300.00 and set an “outperform” rating for the company in a research note on Friday. Roth Mkm restated a “buy” rating and set a $298.00 price objective on shares of Constellation Brands in a report on Friday. Truist Financial cut 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. Finally, Royal Bank of Canada restated an “outperform” rating and set a $308.00 price target on shares of Constellation Brands in a research note on Friday. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $295.75.

Constellation Brands Stock Performance

Shares of Constellation Brands stock traded up $3.02 during mid-day trading on Friday, hitting $246.67. 1,351,402 shares of the stock were exchanged, compared to its average volume of 1,183,067. Constellation Brands, Inc. has a 12 month low of $227.50 and a 12 month high of $274.87. The company has a 50-day simple moving average of $246.53 and a 200 day simple moving average of $253.50. The company has a market capitalization of $45.13 billion, a P/E ratio of 18.38, a P/E/G ratio of 1.74 and a beta of 1.75. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.53 and a current ratio of 1.19.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings results on Thursday, October 3rd. The company reported $4.32 EPS for the quarter, topping analysts’ consensus estimates of $4.08 by $0.24. Constellation Brands had a return on equity of 23.72% and a net margin of 22.70%. The business had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.95 billion. During the same period last year, the company posted $3.70 earnings per share. Constellation Brands’s quarterly revenue was up 2.9% compared to the same quarter last year. Sell-side analysts anticipate that Constellation Brands, Inc. will post 13.53 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Tuesday, November 5th will be issued a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date is Tuesday, November 5th. Constellation Brands’s dividend payout ratio (DPR) is currently 30.10%.

Insider Activity at Constellation Brands

In other news, CFO Garth Hankinson sold 13,583 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $240.00, for a total transaction of $3,259,920.00. Following the completion of the sale, the chief financial officer now owns 11,702 shares in the company, valued at $2,808,480. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Daniel J. Mccarthy sold 1,854 shares of the business’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $252.43, for a total value of $468,005.22. Following the sale, the director now directly owns 3,232 shares in the company, valued at approximately $815,853.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Garth Hankinson sold 13,583 shares of the stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $240.00, for a total transaction of $3,259,920.00. Following the transaction, the chief financial officer now owns 11,702 shares of the company’s stock, valued at $2,808,480. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,414 shares of company stock worth $3,982,922. 12.19% of the stock is owned by company insiders.

Constellation Brands 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.