Dohj LLC Invests $503,000 in Constellation Brands, Inc. (NYSE:STZ)

Dohj LLC purchased a new position in shares of Constellation Brands, Inc. (NYSE:STZ) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,080 shares of the company’s stock, valued at approximately $503,000.

A number of other institutional investors and hedge funds have also modified their holdings of STZ. AE Wealth Management LLC raised its stake in shares of Constellation Brands by 32.0% during the third quarter. AE Wealth Management LLC now owns 4,288 shares of the company’s stock worth $1,078,000 after buying an additional 1,040 shares during the last quarter. Impact Partnership Wealth LLC grew its holdings in Constellation Brands by 1,175.0% during the third quarter. Impact Partnership Wealth LLC now owns 102 shares of the company’s stock valued at $26,000 after purchasing an additional 94 shares during the period. Strategic Blueprint LLC grew its holdings in Constellation Brands by 5.6% during the third quarter. Strategic Blueprint LLC now owns 1,571 shares of the company’s stock valued at $395,000 after purchasing an additional 84 shares during the period. Oak Thistle LLC grew its holdings in Constellation Brands by 36.9% during the third quarter. Oak Thistle LLC now owns 1,344 shares of the company’s stock valued at $338,000 after purchasing an additional 362 shares during the period. Finally, Czech National Bank grew its holdings in Constellation Brands by 47.7% during the third quarter. Czech National Bank now owns 28,202 shares of the company’s stock valued at $7,088,000 after purchasing an additional 9,113 shares during the period. 77.34% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO William A. Newlands sold 4,013 shares of the stock in a transaction dated Friday, April 19th. The shares were sold at an average price of $263.25, for a total value of $1,056,422.25. Following the transaction, the chief executive officer now directly owns 5,395 shares of the company’s stock, valued at $1,420,233.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO William A. Newlands sold 4,013 shares of the firm’s stock in a transaction dated Friday, April 19th. The shares were sold at an average price of $263.25, for a total transaction of $1,056,422.25. Following the transaction, the chief executive officer now directly owns 5,395 shares of the company’s stock, valued at $1,420,233.75. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP James A. Jr. Sabia sold 15,781 shares of the firm’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $263.63, for a total transaction of $4,160,345.03. Following the transaction, the executive vice president now directly owns 20,910 shares in the company, valued at $5,512,503.30. The disclosure for this sale can be found here. Insiders own 16.19% of the company’s stock.

Wall Street Analysts Forecast Growth

STZ has been the subject of a number of analyst reports. Piper Sandler initiated coverage on shares of Constellation Brands in a report on Friday, March 22nd. They set an “overweight” rating and a $300.00 price objective for the company. Evercore ISI boosted their price objective on shares of Constellation Brands from $300.00 to $310.00 and gave the company an “outperform” rating in a report on Friday, April 12th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Constellation Brands from $256.00 to $262.00 and gave the company a “hold” rating in a report on Wednesday, April 10th. BMO Capital Markets upped their price target on shares of Constellation Brands from $290.00 to $315.00 and gave the company an “outperform” rating in a report on Friday, April 12th. Finally, UBS Group upped their price target on shares of Constellation Brands from $312.00 to $320.00 and gave the company a “buy” rating in a report on Friday, April 12th. Three analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Constellation Brands has a consensus rating of “Moderate Buy” and an average target price of $298.55.

Constellation Brands Stock Performance

NYSE STZ traded down $1.67 on Friday, hitting $260.04. 700,014 shares of the stock were exchanged, compared to its average volume of 1,410,273. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.19 and a quick ratio of 0.53. The business’s fifty day moving average is $259.80 and its 200 day moving average is $247.94. Constellation Brands, Inc. has a 52 week low of $221.81 and a 52 week high of $274.87. The company has a market capitalization of $47.54 billion, a PE ratio of 27.72, a P/E/G ratio of 1.77 and a beta of 0.97.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings results on Thursday, April 11th. The company reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.10 by $0.16. The firm had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.09 billion. Constellation Brands had a net margin of 16.13% and a return on equity of 23.06%. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.98 earnings per share. Research analysts anticipate that Constellation Brands, Inc. will post 13.51 EPS for the current fiscal year.

Constellation Brands Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 3rd will be given a $1.01 dividend. The ex-dividend date of this dividend is Thursday, May 2nd. This is a positive change from Constellation Brands’s previous quarterly dividend of $0.89. This represents a $4.04 annualized dividend and a dividend yield of 1.55%. Constellation Brands’s dividend payout ratio is presently 37.95%.

About Constellation Brands

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.