Capital Analysts LLC Grows Stake in Constellation Brands, Inc. (NYSE:STZ)

Capital Analysts LLC boosted its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 15.8% in the fourth quarter, Holdings Channel reports. The fund owned 13,752 shares of the company’s stock after purchasing an additional 1,876 shares during the quarter. Capital Analysts LLC’s holdings in Constellation Brands were worth $3,039,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of STZ. Van ECK Associates Corp increased its position in shares of Constellation Brands by 1,844.7% during the 4th quarter. Van ECK Associates Corp now owns 924,274 shares of the company’s stock valued at $204,265,000 after purchasing an additional 876,745 shares during the last quarter. Copperleaf Capital LLC bought a new stake in Constellation Brands during the fourth quarter valued at approximately $343,000. Grimes & Company Inc. purchased a new stake in Constellation Brands during the fourth quarter valued at approximately $6,099,000. Empowered Funds LLC raised its position in Constellation Brands by 62.8% in the fourth quarter. Empowered Funds LLC now owns 16,575 shares of the company’s stock worth $3,663,000 after acquiring an additional 6,391 shares during the period. Finally, Southern Style Financial Inc. purchased a new position in shares of Constellation Brands during the 4th quarter worth $3,074,000. Institutional investors own 77.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on STZ shares. Royal Bank of Canada lowered their target price on Constellation Brands from $289.00 to $233.00 and set an “outperform” rating on the stock in a research report on Monday, April 14th. BMO Capital Markets reduced their target price on shares of Constellation Brands from $260.00 to $215.00 and set an “outperform” rating for the company in a report on Friday, April 11th. The Goldman Sachs Group decreased their target price on shares of Constellation Brands from $260.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, April 11th. Argus downgraded shares of Constellation Brands from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Finally, Truist Financial dropped their price objective 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. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $224.42.

Constellation Brands Price Performance

Shares of Constellation Brands stock opened at $185.36 on Friday. The stock has a 50 day moving average price of $180.88 and a 200-day moving average price of $204.60. Constellation Brands, Inc. has a one year low of $160.46 and a one year high of $265.70. The stock has a market cap of $33.50 billion, a price-to-earnings ratio of 49.83, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75. 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 (NYSE:STZ) last posted its quarterly earnings data on Wednesday, April 9th. The company reported $2.63 earnings per share for the quarter, beating analysts’ consensus estimates of $2.28 by $0.35. The business had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.14 billion. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The business’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.26 earnings per share. Equities analysts expect that Constellation Brands, Inc. will post 13.5 EPS for the current year.

Constellation Brands Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Tuesday, April 29th will be paid a $1.02 dividend. The ex-dividend date is Tuesday, April 29th. This represents a $4.08 annualized dividend and a yield of 2.20%. This is an increase from Constellation Brands’s previous quarterly dividend of $1.01. Constellation Brands’s dividend payout ratio (DPR) is presently -800.00%.

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.