Bridgefront Capital LLC Takes $911,000 Position in Constellation Brands, Inc. (NYSE:STZ)

Bridgefront Capital LLC acquired a new stake in Constellation Brands, Inc. (NYSE:STZ) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 4,122 shares of the company’s stock, valued at approximately $911,000.

A number of other large investors have also recently added to or reduced their stakes in STZ. Vanguard Group Inc. boosted its position in Constellation Brands by 13.3% during the 4th quarter. Vanguard Group Inc. now owns 15,534,787 shares of the company’s stock worth $3,433,188,000 after acquiring an additional 1,821,969 shares during the last quarter. Capital World Investors increased its stake in Constellation Brands by 3.4% in the 4th quarter. Capital World Investors now owns 9,755,602 shares of the company’s stock valued at $2,155,946,000 after buying an additional 324,690 shares during the last quarter. Berkshire Hathaway Inc acquired a new position in shares of Constellation Brands during the 4th quarter worth about $1,242,976,000. Geode Capital Management LLC raised its holdings in Constellation Brands by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 3,204,003 shares of the company’s stock worth $705,844,000 after acquiring an additional 63,323 shares in the last quarter. Finally, Capital Research Global Investors boosted its holdings in shares of Constellation Brands by 0.6% in the 4th quarter. Capital Research Global Investors now owns 2,901,975 shares of the company’s stock valued at $641,336,000 after buying an additional 18,557 shares during the last quarter. Institutional investors own 77.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on STZ shares. Barclays upped their target price on shares of Constellation Brands from $203.00 to $207.00 and gave the company an “overweight” rating in a report on Monday, April 14th. Roth Mkm reduced their target price on shares of Constellation Brands from $284.00 to $256.00 and set a “buy” rating for the company in a report on Thursday, April 3rd. Piper Sandler cut Constellation Brands from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $245.00 to $200.00 in a report on Monday, February 3rd. JPMorgan Chase & Co. dropped their target price on Constellation Brands from $203.00 to $194.00 and set a “neutral” rating for the company in a report on Friday, April 11th. Finally, The Goldman Sachs Group lowered their price target on shares of Constellation Brands from $260.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $224.42.

Constellation Brands Price Performance

Constellation Brands stock opened at $187.05 on Monday. The company has a market capitalization of $33.81 billion, a PE ratio of 50.28, a P/E/G ratio of 1.52 and a beta of 1.75. 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 stock has a 50-day moving average price of $181.96 and a two-hundred day moving average price of $202.38. Constellation Brands, Inc. has a 12 month low of $160.46 and a 12 month high of $265.70.

Constellation Brands (NYSE:STZ) last posted its earnings results on Wednesday, April 9th. The company reported $2.63 earnings per share for the quarter, topping analysts’ consensus estimates of $2.28 by $0.35. The firm had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.14 billion. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.26 EPS. Analysts expect that Constellation Brands, Inc. will post 13.5 EPS for the current year.

Constellation Brands Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Tuesday, April 29th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.18%. This is an increase from Constellation Brands’s previous quarterly dividend of $1.01. The ex-dividend date of this dividend is Tuesday, April 29th. Constellation Brands’s dividend payout ratio (DPR) is -800.00%.

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.