Tranquility Partners LLC Has $722,000 Position in Constellation Brands, Inc. (NYSE:STZ)

Tranquility Partners LLC reduced its position in Constellation Brands, Inc. (NYSE:STZ) by 11.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,265 shares of the company’s stock after selling 416 shares during the quarter. Tranquility Partners LLC’s holdings in Constellation Brands were worth $722,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of the company. Oakworth Capital Inc. raised its holdings in Constellation Brands by 4.4% during the 3rd quarter. Oakworth Capital Inc. now owns 989 shares of the company’s stock valued at $255,000 after buying an additional 42 shares during the last quarter. PFG Investments LLC grew its position in shares of Constellation Brands by 3.8% in the 3rd quarter. PFG Investments LLC now owns 1,150 shares of the company’s stock worth $296,000 after buying an additional 42 shares during the last quarter. Metis Global Partners LLC boosted its holdings in 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 acquiring an additional 46 shares in the last quarter. Rosenberg Matthew Hamilton increased its position in Constellation Brands by 6.2% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 858 shares of the company’s stock valued at $221,000 after purchasing an additional 50 shares during the period. Finally, Strategic Investment Solutions Inc. IL increased its position in Constellation Brands by 4.6% during the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 1,158 shares of the company’s stock valued at $298,000 after purchasing an additional 51 shares during the period. Institutional investors own 77.34% of the company’s stock.

Insider Buying and Selling

In related news, Director William T. Giles purchased 1,000 shares of the firm’s stock in a transaction on Friday, January 17th. The shares were acquired at an average price of $186.39 per share, for a total transaction of $186,390.00. Following the purchase, the director now directly owns 1,463 shares in the company, valued at $272,688.57. This trade represents a 215.98 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Wildstar Partners Llc sold 660 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $241.00, for a total value of $159,060.00. Following the transaction, the insider now owns 1,736,884 shares of the company’s stock, valued at approximately $418,589,044. The trade was a 0.04 % decrease in their position. The disclosure for this sale can be found here. 12.19% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

STZ has been the subject of a number of analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $293.00 target price on shares of Constellation Brands in a research note on Monday, February 3rd. Needham & Company LLC reaffirmed a “buy” rating and set a $240.00 price objective on shares of Constellation Brands in a research report on Monday, January 27th. Piper Sandler cut Constellation Brands from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $245.00 to $200.00 in a research note on Monday, February 3rd. Barclays cut 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, Morgan Stanley lowered their price target on Constellation Brands from $280.00 to $220.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. Ten research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, Constellation Brands has an average rating of “Moderate Buy” and an average target price of $254.29.

Constellation Brands Price Performance

NYSE STZ opened at $161.11 on Thursday. The business’s fifty day moving average is $205.95 and its 200 day moving average is $229.94. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 1.10. Constellation Brands, Inc. has a fifty-two week low of $160.46 and a fifty-two week high of $274.87. The company has a market capitalization of $29.12 billion, a PE ratio of 43.31, a price-to-earnings-growth ratio of 1.51 and a beta of 0.90.

Constellation Brands (NYSE:STZ) last released its earnings results on Friday, January 10th. The company reported $3.25 EPS for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.08). The firm had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.53 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. Constellation Brands’s revenue was down .3% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.19 EPS. Sell-side analysts predict that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be issued a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend is Friday, February 7th. Constellation Brands’s dividend payout ratio (DPR) is presently 108.60%.

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.