Constellation Brands, Inc. (NYSE:STZ) Stake Lowered by MGO One Seven LLC

MGO One Seven LLC cut its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 60.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,047 shares of the company’s stock after selling 3,137 shares during the quarter. MGO One Seven LLC’s holdings in Constellation Brands were worth $452,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Allworth Financial LP grew its holdings in Constellation Brands by 0.8% in the 4th quarter. Allworth Financial LP now owns 7,357 shares of the company’s stock worth $1,626,000 after buying an additional 59 shares in the last quarter. BSW Wealth Partners grew its holdings in Constellation Brands by 4.2% in the 4th quarter. BSW Wealth Partners now owns 1,563 shares of the company’s stock worth $345,000 after buying an additional 63 shares in the last quarter. Philip James Wealth Mangement LLC grew its holdings in Constellation Brands by 8.0% in the 4th quarter. Philip James Wealth Mangement LLC now owns 923 shares of the company’s stock worth $204,000 after buying an additional 68 shares in the last quarter. Oak Asset Management LLC grew its holdings in Constellation Brands by 0.4% in the 4th quarter. Oak Asset Management LLC now owns 17,611 shares of the company’s stock worth $3,892,000 after buying an additional 71 shares in the last quarter. Finally, Barden Capital Management Inc. grew its holdings in Constellation Brands by 1.3% in the 4th quarter. Barden Capital Management Inc. now owns 5,574 shares of the company’s stock worth $1,232,000 after buying an additional 72 shares in the last quarter. 77.34% of the stock is owned by institutional investors.

Constellation Brands Price Performance

NYSE STZ opened at $185.36 on Monday. The stock’s 50-day moving average price is $180.88 and its two-hundred day moving average price is $204.36. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26. The company has a market cap of $33.50 billion, a PE ratio of 49.83, a PEG ratio of 1.52 and a beta of 1.75. Constellation Brands, Inc. has a 1 year low of $160.46 and a 1 year high of $265.70.

Constellation Brands (NYSE:STZ) last released its earnings results on Wednesday, April 9th. The company reported $2.63 earnings per share for the quarter, beating the consensus estimate of $2.28 by $0.35. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The company had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.14 billion. During the same quarter in the previous year, the business posted $2.26 EPS. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, analysts predict that Constellation Brands, Inc. will post 13.5 EPS for the current year.

Constellation Brands Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Tuesday, April 29th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.20%. The ex-dividend date is Tuesday, April 29th. This is a boost from Constellation Brands’s previous quarterly dividend of $1.01. Constellation Brands’s payout ratio is -800.00%.

Wall Street Analysts Forecast Growth

STZ has been the subject of a number of recent analyst reports. Evercore ISI decreased their price objective on Constellation Brands from $300.00 to $250.00 and set an “outperform” rating for the company in a report on Monday, January 13th. Citigroup cut their target price on Constellation Brands from $200.00 to $190.00 and set a “neutral” rating for the company in a research report on Friday, April 11th. Truist Financial lowered their price target on Constellation Brands from $255.00 to $190.00 and set a “hold” rating on the stock in a research report on Tuesday, January 14th. Jefferies Financial Group restated a “hold” rating and issued a $201.00 price objective (down previously from $310.00) on shares of Constellation Brands in a report on Monday, January 13th. Finally, Barclays raised their target price on Constellation Brands from $203.00 to $207.00 and gave the company an “overweight” rating in a research note on Monday, April 14th. One analyst has rated the stock with a sell rating, ten have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $224.42.

Constellation Brands Company 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.