Constellation Brands Inc $STZ Stake Reduced by BLI Banque de Luxembourg Investments

BLI Banque de Luxembourg Investments cut its holdings in Constellation Brands Inc (NYSE:STZ) by 97.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,410 shares of the company’s stock after selling 66,030 shares during the quarter. BLI Banque de Luxembourg Investments’ holdings in Constellation Brands were worth $198,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of STZ. Stance Capital LLC bought a new stake in Constellation Brands in the third quarter worth about $26,000. GoalVest Advisory LLC purchased a new position in Constellation Brands in the 4th quarter worth about $28,000. Elyxium Wealth LLC purchased a new position in Constellation Brands in the 4th quarter worth about $33,000. Mowery & Schoenfeld Wealth Management LLC purchased a new position in Constellation Brands in the 4th quarter worth about $39,000. Finally, Bruce G. Allen Investments LLC increased its stake in Constellation Brands by 74.9% in the 4th quarter. Bruce G. Allen Investments LLC now owns 306 shares of the company’s stock worth $42,000 after purchasing an additional 131 shares in the last quarter. 77.34% of the stock is currently owned by institutional investors.

Constellation Brands Trading Down 0.6%

NYSE:STZ opened at $139.97 on Wednesday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.08 and a quick ratio of 0.55. Constellation Brands Inc has a fifty-two week low of $126.45 and a fifty-two week high of $178.13. The stock’s 50-day moving average is $150.27 and its two-hundred day moving average is $149.68. The stock has a market cap of $24.10 billion, a PE ratio of 14.60, a price-to-earnings-growth ratio of 3.26 and a beta of 0.39.

Constellation Brands (NYSE:STZ) last released its earnings results on Wednesday, April 8th. The company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.19. Constellation Brands had a return on equity of 26.18% and a net margin of 17.29%.The company had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the previous year, the business posted $2.63 EPS. The business’s revenue for the quarter was down 11.3% on a year-over-year basis. As a group, equities research analysts forecast that Constellation Brands Inc will post 11.87 earnings per share for the current fiscal year.

Constellation Brands Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Wednesday, April 29th were paid a dividend of $1.03 per share. This is a boost from Constellation Brands’s previous quarterly dividend of $1.02. The ex-dividend date of this dividend was Wednesday, April 29th. This represents a $4.12 annualized dividend and a yield of 2.9%. Constellation Brands’s dividend payout ratio (DPR) is presently 42.96%.

Insiders Place Their Bets

In other Constellation Brands news, EVP James O. Bourdeau sold 4,407 shares of Constellation Brands stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $143.24, for a total transaction of $631,258.68. Following the transaction, the executive vice president owned 9,109 shares of the company’s stock, valued at $1,304,773.16. The trade was a 32.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 12.45% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

STZ has been the topic of a number of analyst reports. Roth Mkm reissued a “buy” rating on shares of Constellation Brands in a research note on Thursday, April 9th. Piper Sandler lifted their price target on Constellation Brands from $146.00 to $160.00 and gave the stock a “neutral” rating in a research note on Friday, April 10th. TD Cowen raised Constellation Brands from a “hold” rating to a “buy” rating and lifted their price target for the stock from $142.00 to $190.00 in a research note on Monday, April 13th. Wells Fargo & Company lifted their price target on Constellation Brands from $180.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday, April 10th. Finally, Citigroup reissued a “buy” rating on shares of Constellation Brands in a research note on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $175.26.

About Constellation Brands

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.