Capital Advisors Ltd. LLC Raises Stock Holdings in Constellation Brands, Inc. (NYSE:STZ)

Capital Advisors Ltd. LLC boosted its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 16.5% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 290 shares of the company’s stock after acquiring an additional 41 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in Constellation Brands were worth $79,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Constellation Brands in the fourth quarter worth $443,844,000. Boston Partners purchased a new position in shares of Constellation Brands during the 4th quarter valued at about $156,358,000. International Assets Investment Management LLC raised its stake in shares of Constellation Brands by 24,922.5% during the 4th quarter. International Assets Investment Management LLC now owns 567,010 shares of the company’s stock valued at $137,075,000 after buying an additional 564,744 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Constellation Brands by 38.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,403,495 shares of the company’s stock valued at $335,402,000 after buying an additional 388,390 shares during the period. Finally, Palestra Capital Management LLC purchased a new stake in shares of Constellation Brands in the fourth quarter worth about $83,195,000. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Royal Bank of Canada reiterated an “outperform” rating and set a $308.00 price target on shares of Constellation Brands in a research report on Tuesday, May 28th. HSBC boosted their target price on shares of Constellation Brands from $290.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Roth Mkm restated a “buy” rating and set a $305.00 price target on shares of Constellation Brands in a research report on Friday, April 12th. Piper Sandler began coverage on shares of Constellation Brands in a research report on Friday, March 22nd. They issued an “overweight” rating and a $300.00 price objective for the company. Finally, Evercore ISI raised their target price on Constellation Brands from $300.00 to $310.00 and gave the company an “outperform” rating in a research report on Friday, April 12th. Three research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $298.37.

Constellation Brands Trading Up 1.0 %

Shares of STZ stock opened at $258.94 on Wednesday. Constellation Brands, Inc. has a fifty-two week low of $227.50 and a fifty-two week high of $274.87. The firm has a market capitalization of $47.38 billion, a P/E ratio of 27.61, a PEG ratio of 1.71 and a beta of 0.87. The stock’s fifty day moving average is $255.27 and its two-hundred day moving average is $253.86. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.53 and a current ratio of 1.19.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings results on Thursday, April 11th. The company reported $2.26 earnings per share for the quarter, topping the consensus estimate of $2.10 by $0.16. Constellation Brands had a net margin of 16.13% and a return on equity of 23.06%. The firm had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same period last year, the firm posted $1.98 earnings per share. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. Research analysts expect that Constellation Brands, Inc. will post 13.67 earnings per share for the current fiscal year.

Constellation Brands Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 17th. Investors of record on Friday, May 3rd were given a dividend of $1.01 per share. This is an increase from Constellation Brands’s previous quarterly dividend of $0.89. The ex-dividend date was Thursday, May 2nd. This represents a $4.04 dividend on an annualized basis and a yield of 1.56%. Constellation Brands’s dividend payout ratio (DPR) is presently 43.07%.

Insiders Place Their Bets

In other Constellation Brands news, EVP James A. Jr. Sabia sold 15,781 shares of the firm’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $263.63, for a total value of $4,160,345.03. Following the completion of the sale, the executive vice president now directly owns 20,910 shares of the company’s stock, valued at approximately $5,512,503.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Michael Mcgrew sold 3,237 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $255.50, for a total transaction of $827,053.50. Following the completion of the sale, the executive vice president now owns 1,731 shares in the company, valued at approximately $442,270.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP James A. Jr. Sabia sold 15,781 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $263.63, for a total value of $4,160,345.03. Following the completion of the transaction, the executive vice president now owns 20,910 shares in the company, valued at $5,512,503.30. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 48,031 shares of company stock valued at $12,582,321. Insiders own 12.19% of the company’s stock.

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