Washington Capital Management Inc. Buys 300 Shares of Constellation Brands, Inc. (NYSE:STZ)

Washington Capital Management Inc. lifted its stake in Constellation Brands, Inc. (NYSE:STZFree Report) by 14.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,450 shares of the company’s stock after buying an additional 300 shares during the period. Washington Capital Management Inc.’s holdings in Constellation Brands were worth $592,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kestra Private Wealth Services LLC lifted its stake in shares of Constellation Brands by 17.2% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 17,218 shares of the company’s stock worth $4,327,000 after acquiring an additional 2,526 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Constellation Brands by 15.3% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 32,433 shares of the company’s stock worth $8,151,000 after acquiring an additional 4,311 shares during the last quarter. CoreCap Advisors LLC lifted its stake in shares of Constellation Brands by 35.8% during the 4th quarter. CoreCap Advisors LLC now owns 2,002 shares of the company’s stock worth $484,000 after acquiring an additional 528 shares during the last quarter. Teza Capital Management LLC bought a new stake in shares of Constellation Brands during the 3rd quarter worth approximately $7,768,000. Finally, Nordea Investment Management AB lifted its stake in shares of Constellation Brands by 6.7% during the 4th quarter. Nordea Investment Management AB now owns 8,040 shares of the company’s stock worth $1,945,000 after acquiring an additional 507 shares during the last quarter. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Analysts Set New Price Targets

STZ has been the subject of a number of research analyst reports. Evercore ISI reissued an “outperform” rating and set a $300.00 price target on shares of Constellation Brands in a research note on Wednesday. Piper Sandler started coverage on Constellation Brands in a research report on Friday, March 22nd. They set an “overweight” rating and a $300.00 target price for the company. Bank of America lifted their target price on Constellation Brands from $290.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Argus lowered Constellation Brands from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Finally, TheStreet lowered Constellation Brands from a “b” rating to a “c+” rating in a research report on Friday, January 5th. Four equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, Constellation Brands presently has an average rating of “Moderate Buy” and a consensus price target of $290.37.

Read Our Latest Analysis on Constellation Brands

Insider Activity

In other news, major shareholder Family Foundation Sands sold 354,616 shares of the business’s stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $250.26, for a total value of $88,746,200.16. Following the completion of the transaction, the insider now owns 54,461 shares of the company’s stock, valued at approximately $13,629,409.86. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 16.19% of the company’s stock.

Constellation Brands Stock Down 0.1 %

Constellation Brands stock opened at $271.76 on Friday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.46 and a current ratio of 1.05. The business’s 50-day simple moving average is $253.72 and its two-hundred day simple moving average is $246.62. The company has a market cap of $49.68 billion, a PE ratio of 32.16, a PEG ratio of 1.89 and a beta of 0.96. Constellation Brands, Inc. has a fifty-two week low of $217.05 and a fifty-two week high of $273.65.

Constellation Brands (NYSE:STZGet Free Report) last posted its quarterly earnings results on Friday, January 5th. The company reported $3.19 earnings per share for the quarter, beating the consensus estimate of $3.03 by $0.16. The business had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.54 billion. Constellation Brands had a return on equity of 23.35% and a net margin of 14.76%. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.83 EPS. Equities analysts anticipate that Constellation Brands, Inc. will post 11.92 EPS for the current year.

Constellation Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Thursday, February 8th were issued a $0.89 dividend. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $3.56 annualized dividend and a dividend yield of 1.31%. Constellation Brands’s dividend payout ratio (DPR) is presently 42.13%.

About Constellation Brands

(Free Report)

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 Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Victoria, Vicky Chamoy, and Pacifico brands.

See Also

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Institutional Ownership by Quarter for Constellation Brands (NYSE:STZ)

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