Constellation Brands Inc $STZ Stock Position Raised by Stephens Inc. AR

Stephens Inc. AR raised its position in shares of Constellation Brands Inc (NYSE:STZ) by 31.5% in the fourth quarter, Holdings Channel reports. The firm owned 63,712 shares of the company’s stock after buying an additional 15,280 shares during the period. Stephens Inc. AR’s holdings in Constellation Brands were worth $8,831,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in STZ. Ameriprise Financial Inc. raised its stake in shares of Constellation Brands by 650.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,769,741 shares of the company’s stock worth $287,889,000 after purchasing an additional 1,533,961 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Constellation Brands by 3.3% during the 3rd quarter. Vanguard Group Inc. now owns 18,202,611 shares of the company’s stock worth $2,451,346,000 after purchasing an additional 573,766 shares in the last quarter. Worldquant Millennium Advisors LLC raised its stake in shares of Constellation Brands by 1,249.7% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 476,702 shares of the company’s stock worth $77,550,000 after purchasing an additional 441,382 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its stake in shares of Constellation Brands by 26.8% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,664,151 shares of the company’s stock worth $224,111,000 after purchasing an additional 351,241 shares in the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of Constellation Brands by 15.5% during the 3rd quarter. Van ECK Associates Corp now owns 2,160,202 shares of the company’s stock worth $290,915,000 after purchasing an additional 290,701 shares in the last quarter. 77.34% of the stock is owned by hedge funds and other institutional investors.

Constellation Brands Stock Performance

Shares of NYSE STZ opened at $142.55 on Friday. The company has a quick ratio of 0.55, a current ratio of 1.08 and a debt-to-equity ratio of 1.16. The business’s 50 day moving average is $152.68 and its two-hundred day moving average is $148.03. The company has a market cap of $24.55 billion, a P/E ratio of 14.86, a P/E/G ratio of 3.12 and a beta of 0.43. Constellation Brands Inc has a 12 month low of $126.45 and a 12 month high of $196.91.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings results on Wednesday, April 8th. The company reported $1.90 EPS for the quarter, topping the consensus estimate of $1.71 by $0.19. The company had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.84 billion. Constellation Brands had a return on equity of 26.18% and a net margin of 17.29%.The company’s revenue for the quarter was down 11.3% on a year-over-year basis. During the same period in the previous year, the business posted $2.63 EPS. On average, equities analysts expect that Constellation Brands Inc will post 11.9 EPS for the current year.

Constellation Brands Increases Dividend

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

Analyst Ratings Changes

STZ has been the subject of a number of recent research reports. JPMorgan Chase & Co. raised their price target on Constellation Brands from $155.00 to $163.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 1st. Piper Sandler raised 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. Barclays raised their price objective on Constellation Brands from $151.00 to $170.00 and gave the company an “equal weight” rating in a research note on Friday, April 10th. Evercore set a $175.00 price objective on Constellation Brands and gave the company an “outperform” rating in a research note on Friday, April 10th. Finally, Needham & Company LLC raised their price objective on Constellation Brands from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, April 10th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Constellation Brands presently has a consensus rating of “Moderate Buy” and a consensus price target of $176.30.

Insider Buying and Selling

In other Constellation Brands news, EVP James O. Bourdeau sold 4,407 shares of Constellation Brands stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $143.24, for a total value of $631,258.68. Following the transaction, the executive vice president directly 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. 12.45% of the stock is currently owned by corporate insiders.

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.