CVA Family Office LLC Purchases 55 Shares of Constellation Brands, Inc. (NYSE:STZ)

CVA Family Office LLC grew its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 22.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 295 shares of the company’s stock after purchasing an additional 55 shares during the quarter. CVA Family Office LLC’s holdings in Constellation Brands were worth $76,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in STZ. New Millennium Group LLC bought a new stake in Constellation Brands during the 2nd quarter worth approximately $25,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Constellation Brands in the second quarter valued at $29,000. Horizon Bancorp Inc. IN acquired a new stake in Constellation Brands in the second quarter valued at $32,000. Kapitalo Investimentos Ltda bought a new position in Constellation Brands during the 4th quarter worth $35,000. Finally, First Financial Corp IN acquired a new position in Constellation Brands during the 1st quarter worth about $35,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

Constellation Brands Price Performance

Constellation Brands stock opened at $241.06 on Monday. Constellation Brands, Inc. has a 52 week low of $227.50 and a 52 week high of $274.87. The company’s 50 day moving average price is $246.10 and its two-hundred day moving average price is $252.27. The stock has a market cap of $44.11 billion, a P/E ratio of 17.96, a P/E/G ratio of 1.70 and a beta of 1.75. The company has a quick ratio of 0.53, a current ratio of 1.25 and a debt-to-equity ratio of 1.31.

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 25.34% and a net margin of 5.29%. 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. On average, equities analysts predict that Constellation Brands, Inc. will post 13.57 earnings per share for the current year.

Constellation Brands Announces Dividend

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 given a dividend of $1.01 per share. The ex-dividend date of this dividend is Tuesday, November 5th. This represents a $4.04 annualized dividend and a yield of 1.68%. Constellation Brands’s payout ratio is currently 30.10%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on STZ shares. Jefferies Financial Group raised their price objective on Constellation Brands from $310.00 to $311.00 and gave the stock a “buy” rating in a research report on Friday, July 5th. Royal Bank of Canada restated an “outperform” rating and issued a $308.00 price target on shares of Constellation Brands in a research report on Friday, October 4th. Truist Financial decreased their target price on Constellation Brands from $265.00 to $255.00 and set a “hold” rating for the company in a research note on Friday, October 4th. BMO Capital Markets restated an “outperform” rating and set a $315.00 price target on shares of Constellation Brands in a report on Friday, July 5th. Finally, JPMorgan Chase & Co. reduced 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 report on Friday, October 4th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $291.06.

Insider Buying and Selling

In other Constellation Brands 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 value 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Daniel J. Mccarthy sold 1,854 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $252.43, for a total transaction of $468,005.22. Following the completion of the transaction, the director now owns 3,232 shares in the company, valued at approximately $815,853.76. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Garth Hankinson sold 13,583 shares of Constellation Brands stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $240.00, for a total value of $3,259,920.00. Following the completion of the sale, the chief financial officer now directly owns 11,702 shares of the company’s stock, valued at approximately $2,808,480. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 12.19% of the stock is currently owned by corporate insiders.

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.