Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in shares of Constellation Brands Inc (NYSE:STZ – Free Report) by 36.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,802 shares of the company’s stock after buying an additional 12,602 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Constellation Brands were worth $6,299,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the business. Root Financial Partners LLC acquired a new position in Constellation Brands during the third quarter worth about $26,000. Salomon & Ludwin LLC acquired a new stake in Constellation Brands in the 3rd quarter valued at about $30,000. Abound Wealth Management raised its holdings in Constellation Brands by 341.8% in the 3rd quarter. Abound Wealth Management now owns 243 shares of the company’s stock valued at $33,000 after acquiring an additional 188 shares during the last quarter. Twin Peaks Wealth Advisors LLC purchased a new position in Constellation Brands in the 2nd quarter worth approximately $49,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in Constellation Brands in the 2nd quarter worth approximately $49,000. 77.34% of the stock is currently owned by institutional investors and hedge funds.
Constellation Brands Stock Performance
Shares of STZ stock opened at $151.15 on Tuesday. The firm’s 50 day moving average price is $155.64 and its 200-day moving average price is $144.34. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.70 and a current ratio of 1.34. Constellation Brands Inc has a one year low of $126.45 and a one year high of $196.91. The firm has a market cap of $26.21 billion, a P/E ratio of 23.84, a P/E/G ratio of 0.42 and a beta of 0.44.
Constellation Brands Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Thursday, January 29th were paid a $1.02 dividend. The ex-dividend date of this dividend was Thursday, January 29th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.7%. Constellation Brands’s payout ratio is presently 64.35%.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on STZ shares. Weiss Ratings upgraded Constellation Brands from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, February 5th. UBS Group set a $168.00 price objective on Constellation Brands in a research report on Friday, January 9th. Needham & Company LLC reissued a “buy” rating and set a $180.00 price objective on shares of Constellation Brands in a research note on Tuesday, January 6th. Piper Sandler dropped their target price on Constellation Brands from $155.00 to $135.00 and set a “neutral” rating for the company in a report on Friday, November 21st. Finally, Sanford C. Bernstein raised their target price on Constellation Brands from $195.00 to $197.00 and gave the stock an “outperform” rating in a research note on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $176.91.
Check Out Our Latest Analysis on STZ
Constellation Brands Profile
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.
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