Avantax Planning Partners Inc. Sells 2,602 Shares of Constellation Brands, Inc. (NYSE:STZ)

Avantax Planning Partners Inc. reduced its holdings in Constellation Brands, Inc. (NYSE:STZ) by 37.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,298 shares of the company’s stock after selling 2,602 shares during the period. Avantax Planning Partners Inc.’s holdings in Constellation Brands were worth $950,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of STZ. Metis Global Partners LLC lifted its position in shares of Constellation Brands by 0.8% in the third quarter. Metis Global Partners LLC now owns 5,570 shares of the company’s stock valued at $1,435,000 after buying an additional 46 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its position in shares of Constellation Brands by 1.3% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,205 shares of the company’s stock valued at $1,084,000 after buying an additional 52 shares during the last quarter. KCM Investment Advisors LLC lifted its position in shares of Constellation Brands by 1.7% in the third quarter. KCM Investment Advisors LLC now owns 3,382 shares of the company’s stock valued at $872,000 after buying an additional 56 shares during the last quarter. Allworth Financial LP lifted its position in shares of Constellation Brands by 0.8% in the fourth quarter. Allworth Financial LP now owns 7,357 shares of the company’s stock valued at $1,626,000 after buying an additional 59 shares during the last quarter. Finally, BSW Wealth Partners lifted its position in shares of Constellation Brands by 4.2% in the fourth quarter. BSW Wealth Partners now owns 1,563 shares of the company’s stock valued at $345,000 after buying an additional 63 shares during the last quarter. 77.34% of the stock is currently owned by institutional investors.

Constellation Brands Trading Down 2.1 %

Shares of STZ opened at $185.57 on Wednesday. Constellation Brands, Inc. has a 52-week low of $160.46 and a 52-week high of $274.87. The business’s fifty day moving average is $182.96 and its 200-day moving average is $220.33. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 1.10. The firm has a market cap of $33.54 billion, a price-to-earnings ratio of 49.88, a PEG ratio of 1.52 and a beta of 1.75.

Constellation Brands (NYSE:STZ) last issued its quarterly 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). Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The business had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.53 billion. During the same quarter in the previous year, the business posted $3.19 EPS. The company’s revenue for the quarter was down .3% on a year-over-year basis. Equities analysts anticipate that Constellation Brands, Inc. will post 13.5 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend was Friday, February 7th. Constellation Brands’s dividend payout ratio (DPR) is 108.60%.

Insider Activity at Constellation Brands

In other news, Director William T. Giles acquired 1,000 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The shares were bought at an average price of $186.39 per share, with a total value of $186,390.00. Following the acquisition, the director now directly owns 1,463 shares in the company, valued at $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 through this hyperlink. 12.19% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. BNP Paribas began coverage on Constellation Brands in a research report on Monday, November 25th. They issued a “neutral” rating and a $261.00 price objective for the company. Wells Fargo & Company lowered their target price on Constellation Brands from $295.00 to $275.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Evercore ISI lowered their target price on Constellation Brands from $300.00 to $250.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. Barclays lowered their target price on Constellation Brands from $282.00 to $214.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. Finally, Roth Capital lowered their target price on Constellation Brands from $298.00 to $284.00 and set a “buy” rating on the stock in a research note on Friday, January 17th. Eleven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $253.24.

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.