Bryce Point Capital LLC Takes Position in Constellation Brands, Inc. (NYSE:STZ)

Bryce Point Capital LLC purchased a new position in Constellation Brands, Inc. (NYSE:STZ) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 9,954 shares of the company’s stock, valued at approximately $2,200,000. Constellation Brands comprises 0.6% of Bryce Point Capital LLC’s holdings, making the stock its 3rd largest position.

Other large investors also recently modified their holdings of the company. Mainstream Capital Management LLC bought a new stake in shares of Constellation Brands during the 4th quarter valued at about $25,000. SBI Securities Co. Ltd. purchased a new position in shares of Constellation Brands in the fourth quarter worth approximately $26,000. Compagnie Lombard Odier SCmA bought a new stake in Constellation Brands during the fourth quarter valued at approximately $27,000. Union Bancaire Privee UBP SA purchased a new stake in Constellation Brands during the fourth quarter valued at approximately $28,000. Finally, Versant Capital Management Inc raised its position in Constellation Brands by 887.5% in the fourth quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock worth $35,000 after acquiring an additional 142 shares during the period. Institutional investors own 77.34% of the company’s stock.

Insider Buying and Selling at Constellation Brands

In other Constellation Brands news, Director William T. Giles purchased 1,000 shares of the business’s stock in a transaction on Friday, January 17th. The shares were bought at an average cost of $186.39 per share, for a total transaction of $186,390.00. Following the completion of the purchase, the director now directly owns 1,463 shares of the company’s stock, valued at approximately $272,688.57. This trade represents a 215.98 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 12.19% of the stock is owned by corporate insiders.

Constellation Brands Price Performance

Constellation Brands stock opened at $184.98 on Wednesday. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26. The company has a 50-day moving average price of $177.22 and a 200 day moving average price of $213.55. Constellation Brands, Inc. has a 12-month low of $160.46 and a 12-month high of $274.87. The stock has a market cap of $33.43 billion, a P/E ratio of 49.73, a PEG ratio of 1.52 and a beta of 1.75.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings results on Friday, January 10th. The company reported $3.25 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 analyst estimates of $2.53 billion. During the same period last year, the company earned $3.19 EPS. The business’s revenue for the quarter was down .3% on a year-over-year basis. Sell-side analysts anticipate that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Announces Dividend

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

Analyst Ratings Changes

STZ has been the subject of several analyst reports. Barclays reduced their target price on shares of Constellation Brands from $205.00 to $203.00 and set an “overweight” rating for the company in a report on Thursday, March 27th. Jefferies Financial Group restated a “hold” rating and set a $201.00 target price (down previously from $310.00) on shares of Constellation Brands in a research note on Monday, January 13th. Truist Financial cut their price target on Constellation Brands from $255.00 to $190.00 and set a “hold” rating for the company in a research note on Tuesday, January 14th. Royal Bank of Canada lowered their price objective on Constellation Brands from $293.00 to $289.00 and set an “outperform” rating on the stock in a research report on Friday, March 7th. Finally, Needham & Company LLC cut their target price on shares of Constellation Brands from $240.00 to $215.00 and set a “buy” rating for the company in a research note on Thursday, March 27th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $249.18.

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.