Yousif Capital Management LLC increased its holdings in Constellation Brands, Inc. (NYSE:STZ – Get Rating) by 2.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,482 shares of the company’s stock after acquiring an additional 652 shares during the quarter. Yousif Capital Management LLC’s holdings in Constellation Brands were worth $5,905,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Prudential PLC lifted its stake in Constellation Brands by 44.8% in the third quarter. Prudential PLC now owns 4,592 shares of the company’s stock worth $1,055,000 after acquiring an additional 1,421 shares during the period. Echo Street Capital Management LLC purchased a new stake in Constellation Brands in the second quarter worth $507,000. Teacher Retirement System of Texas lifted its position in Constellation Brands by 48.4% during the third quarter. Teacher Retirement System of Texas now owns 47,420 shares of the company’s stock valued at $10,891,000 after buying an additional 15,472 shares during the period. Caisse DE Depot ET Placement DU Quebec purchased a new position in Constellation Brands during the third quarter valued at $810,000. Finally, Price T Rowe Associates Inc. MD lifted its position in Constellation Brands by 2.8% during the second quarter. Price T Rowe Associates Inc. MD now owns 1,697,507 shares of the company’s stock valued at $395,621,000 after buying an additional 45,493 shares during the period. Hedge funds and other institutional investors own 84.87% of the company’s stock.
Analyst Ratings Changes
Several brokerages have commented on STZ. Citigroup began coverage on Constellation Brands in a research report on Thursday, February 16th. They set a “buy” rating and a $265.00 price objective for the company. Truist Financial lowered their price objective on Constellation Brands from $245.00 to $215.00 in a research report on Friday, January 6th. BMO Capital Markets lowered their price objective on Constellation Brands from $290.00 to $265.00 and set an “outperform” rating for the company in a research report on Friday, January 6th. Evercore ISI raised their price target on Constellation Brands from $250.00 to $260.00 and gave the company an “outperform” rating in a report on Tuesday, January 31st. Finally, Roth Capital restated a “neutral” rating on shares of Constellation Brands in a report on Wednesday, February 22nd. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $252.76.
Constellation Brands Trading Down 2.2 %
Constellation Brands (NYSE:STZ – Get Rating) last announced its earnings results on Thursday, January 5th. The company reported $2.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.88 by ($0.05). The firm had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.38 billion. Constellation Brands had a return on equity of 19.69% and a net margin of 0.98%. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period in the previous year, the business posted $3.12 earnings per share. Analysts expect that Constellation Brands, Inc. will post 10.64 EPS for the current year.
Constellation Brands Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, February 22nd. Shareholders of record on Wednesday, February 8th were given a $0.80 dividend. The ex-dividend date of this dividend was Tuesday, February 7th. This represents a $3.20 annualized dividend and a yield of 1.52%. Constellation Brands’s payout ratio is 914.31%.
About Constellation Brands
Constellation Brands, Inc engages in the production, marketing, and distribution of beer, wine, and spirits. It operates through the following segments: Beer, Wine and Spirits, and Corporate Operations and Other, and Canopy. The Beer segment includes imported and craft beer brands. The Wine and Spirits segment sells wine brands across all categories-table wine, sparkling wine, and dessert wine-and across all price points.
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