ORG Partners LLC Boosts Stock Position in Constellation Brands, Inc. (NYSE:STZ)

ORG Partners LLC boosted its holdings in Constellation Brands, Inc. (NYSE:STZ) by 115.5% during the 4th quarter, Holdings Channel reports. The firm owned 653 shares of the company’s stock after acquiring an additional 350 shares during the period. ORG Partners LLC’s holdings in Constellation Brands were worth $158,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of STZ. Kestra Private Wealth Services LLC raised its stake in shares of Constellation Brands by 17.2% in the third quarter. Kestra Private Wealth Services LLC now owns 17,218 shares of the company’s stock valued at $4,327,000 after buying an additional 2,526 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Constellation Brands by 15.3% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 32,433 shares of the company’s stock valued at $8,151,000 after buying an additional 4,311 shares during the period. Perigon Wealth Management LLC raised its stake in shares of Constellation Brands by 46.0% in the fourth quarter. Perigon Wealth Management LLC now owns 6,012 shares of the company’s stock valued at $1,453,000 after buying an additional 1,893 shares during the period. CoreCap Advisors LLC raised its stake in shares of Constellation Brands by 35.8% in the fourth quarter. CoreCap Advisors LLC now owns 2,002 shares of the company’s stock valued at $484,000 after buying an additional 528 shares during the period. Finally, Ascent Wealth Partners LLC bought a new stake in shares of Constellation Brands in the fourth quarter valued at $962,000. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Constellation Brands Price Performance

Shares of NYSE STZ opened at $262.24 on Monday. The stock’s 50-day simple moving average is $256.84 and its two-hundred day simple moving average is $246.96. Constellation Brands, Inc. has a twelve month low of $221.81 and a twelve month high of $274.87. The company has a quick ratio of 0.46, a current ratio of 1.19 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $47.94 billion, a P/E ratio of 27.96, a P/E/G ratio of 1.82 and a beta of 0.97.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings data on Thursday, April 11th. The company reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.10 by $0.16. Constellation Brands had a return on equity of 23.06% and a net margin of 16.13%. The firm had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same period in the prior year, the business earned $1.98 EPS. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, equities analysts anticipate that Constellation Brands, Inc. will post 13.43 EPS for the current fiscal year.

Constellation Brands Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 3rd will be issued a $1.01 dividend. This is a boost from Constellation Brands’s previous quarterly dividend of $0.89. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend is Thursday, May 2nd. Constellation Brands’s dividend payout ratio is presently 43.07%.

Analyst Ratings Changes

STZ has been the topic of several research reports. Argus lowered Constellation Brands from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Bank of America boosted their price objective on Constellation Brands from $290.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Piper Sandler started coverage on Constellation Brands in a research note on Friday, March 22nd. They set an “overweight” rating and a $300.00 price objective on the stock. TheStreet lowered Constellation Brands from a “b” rating to a “c+” rating in a research note on Friday, January 5th. Finally, Evercore ISI boosted their price objective on Constellation Brands from $300.00 to $310.00 and gave the company an “outperform” rating in a research note on Friday. Four investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $298.11.

Constellation Brands Profile

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.