Courier Capital LLC Has $230,000 Stock Position in Constellation Brands, Inc. (NYSE:STZ)

Courier Capital LLC raised its position in Constellation Brands, Inc. (NYSE:STZ) by 7.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 894 shares of the company’s stock after purchasing an additional 59 shares during the period. Courier Capital LLC’s holdings in Constellation Brands were worth $230,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. New Millennium Group LLC acquired a new stake in shares of Constellation Brands in the second quarter valued at approximately $25,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Constellation Brands in the 2nd quarter valued at $29,000. Horizon Bancorp Inc. IN acquired a new stake in shares of Constellation Brands in the 2nd quarter valued at $32,000. Opal Wealth Advisors LLC acquired a new position in shares of Constellation Brands during the 2nd quarter worth $36,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in Constellation Brands in the second quarter valued at about $36,000. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Garth Hankinson sold 13,583 shares of Constellation Brands stock in a transaction dated 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 sale, the chief financial officer now owns 11,702 shares of the company’s stock, valued at approximately $2,808,480. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CFO Garth Hankinson sold 13,583 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $240.00, for a total value of $3,259,920.00. Following the sale, the chief financial officer now directly owns 11,702 shares of the company’s stock, valued at $2,808,480. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Samuel J. Glaetzer sold 1,510 shares of the business’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $245.57, for a total transaction of $370,810.70. Following the sale, the executive vice president now directly owns 4,970 shares in the company, valued at $1,220,482.90. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 134,367 shares of company stock valued at $32,539,170 over the last quarter. 12.19% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently commented on STZ shares. JPMorgan Chase & Co. dropped their price objective on shares of Constellation Brands from $307.00 to $293.00 and set an “overweight” rating for the company in a research note on Friday, October 4th. TD Cowen lowered Constellation Brands from a “buy” rating to a “hold” rating and lowered their target price for the stock from $300.00 to $270.00 in a research report on Tuesday, October 8th. Morgan Stanley lowered their price objective on Constellation Brands from $305.00 to $280.00 and set an “overweight” rating for the company in a research report on Monday, August 26th. Royal Bank of Canada reiterated an “outperform” rating and issued a $308.00 target price on shares of Constellation Brands in a report on Friday, October 4th. Finally, Truist Financial dropped their price target on shares of Constellation Brands from $265.00 to $255.00 and set a “hold” rating on the stock in a research report on Friday, October 4th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Constellation Brands currently has a consensus rating of “Moderate Buy” and an average target price of $290.47.

Constellation Brands Trading Down 0.4 %

STZ stock opened at $240.54 on Friday. The company has a market capitalization of $44.01 billion, a PE ratio of 17.92, a price-to-earnings-growth ratio of 1.70 and a beta of 1.75. The company’s 50 day moving average price is $246.56 and its two-hundred day moving average price is $250.95. Constellation Brands, Inc. has a one year low of $227.64 and a one year high of $274.87. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.53 and a current ratio of 1.25.

Constellation Brands (NYSE:STZ) last issued its earnings results on Thursday, October 3rd. The company reported $4.32 EPS for the quarter, topping the consensus estimate of $4.08 by $0.24. The company had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.95 billion. Constellation Brands had a net margin of 5.29% and a return on equity of 25.34%. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm earned $3.70 earnings per share. As a group, analysts predict that Constellation Brands, Inc. will post 13.57 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Tuesday, November 5th will be paid a dividend of $1.01 per share. The ex-dividend date is Tuesday, November 5th. This represents a $4.04 annualized dividend and a dividend yield of 1.68%. Constellation Brands’s dividend payout ratio (DPR) is presently 30.10%.

About Constellation Brands

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.