25,000 Shares in Constellation Brands Inc $STZ Acquired by Monaco Asset Management SAM

Monaco Asset Management SAM acquired a new position in shares of Constellation Brands Inc (NYSE:STZ) during the 4th quarter, Holdings Channel reports. The fund acquired 25,000 shares of the company’s stock, valued at approximately $3,449,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Oppenheimer Asset Management Inc. lifted its stake in Constellation Brands by 329.8% in the third quarter. Oppenheimer Asset Management Inc. now owns 73,323 shares of the company’s stock valued at $9,874,000 after buying an additional 56,263 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of Constellation Brands by 6.1% in the fourth quarter. Nordea Investment Management AB now owns 867,776 shares of the company’s stock valued at $120,300,000 after purchasing an additional 49,625 shares during the last quarter. LSV Asset Management acquired a new stake in shares of Constellation Brands in the third quarter valued at approximately $33,018,000. Portside Wealth Group LLC raised its holdings in shares of Constellation Brands by 455.8% in the third quarter. Portside Wealth Group LLC now owns 8,971 shares of the company’s stock valued at $1,208,000 after purchasing an additional 7,357 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. raised its holdings in shares of Constellation Brands by 97.3% in the third quarter. Diamond Hill Capital Management Inc. now owns 242,171 shares of the company’s stock valued at $32,613,000 after purchasing an additional 119,400 shares during the last quarter. Institutional investors own 77.34% of the company’s stock.

Insiders Place Their Bets

In related news, EVP James O. Bourdeau sold 4,407 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $143.24, for a total transaction of $631,258.68. Following the completion of the sale, the executive vice president owned 9,109 shares of the company’s stock, valued at $1,304,773.16. This represents a 32.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 12.45% of the stock is owned by corporate insiders.

Constellation Brands Trading Down 0.0%

Shares of Constellation Brands stock opened at $138.78 on Monday. The firm has a 50-day moving average of $152.10 and a 200-day moving average of $149.28. The stock has a market cap of $23.90 billion, a PE ratio of 14.47, a PEG ratio of 3.21 and a beta of 0.39. Constellation Brands Inc has a 52-week low of $126.45 and a 52-week high of $180.41. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.55 and a current ratio of 1.08.

Constellation Brands (NYSE:STZ) last announced its earnings results on Wednesday, April 8th. The company reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.19. The company had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.84 billion. Constellation Brands had a net margin of 17.29% and a return on equity of 26.18%. Constellation Brands’s quarterly revenue was down 11.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.63 earnings per share. As a group, sell-side analysts forecast that Constellation Brands Inc will post 11.9 EPS for the current year.

Constellation Brands Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Wednesday, April 29th were given a dividend of $1.03 per share. This is a positive change from Constellation Brands’s previous quarterly dividend of $1.02. This represents a $4.12 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Wednesday, April 29th. Constellation Brands’s dividend payout ratio (DPR) is currently 42.96%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on STZ shares. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Constellation Brands from $154.00 to $155.00 and gave the stock a “hold” rating in a report on Friday, April 10th. Citigroup reiterated a “buy” rating on shares of Constellation Brands in a report on Monday, May 18th. Needham & Company LLC upped their price objective on shares of Constellation Brands from $180.00 to $185.00 and gave the company a “buy” rating in a report on Friday, April 10th. UBS Group upped their price objective on shares of Constellation Brands from $176.00 to $186.00 and gave the company a “buy” rating in a report on Friday, April 10th. Finally, Piper Sandler upped their price objective on shares of Constellation Brands from $146.00 to $160.00 and gave the company a “neutral” rating in a report on Friday, April 10th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $175.26.

Constellation Brands Company Profile

Constellation Brands, Inc is a leading producer and marketer of beer, wine and spirits, with operations spanning production, importation, marketing and distribution. The company’s beverage portfolio includes a range of premium and mainstream wines and spirits alongside major imported beer brands; in the U.S. market Constellation is widely known for its role in bringing Mexican imports such as Corona and Modelo to American consumers. Constellation supplies retail, on‑premise and foodservice channels and supports its brands with national sales and marketing platforms and supply‑chain capabilities.

The company traces its roots to the Canandaigua Wine Company, founded by Marvin Sands in 1945, and evolved through organic growth and acquisition into a diversified beverage company.