Savoir Faire Capital Management L.P. Buys 4,791 Shares of Constellation Brands Inc $STZ

Savoir Faire Capital Management L.P. boosted its stake in shares of Constellation Brands Inc (NYSE:STZ) by 20.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,725 shares of the company’s stock after acquiring an additional 4,791 shares during the period. Constellation Brands accounts for about 2.3% of Savoir Faire Capital Management L.P.’s portfolio, making the stock its 17th biggest position. Savoir Faire Capital Management L.P.’s holdings in Constellation Brands were worth $4,673,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Zions Bancorporation National Association UT bought a new position in Constellation Brands during the 1st quarter worth $38,000. Flaharty Asset Management LLC bought a new position in Constellation Brands during the 1st quarter worth $39,000. WPG Advisers LLC bought a new position in Constellation Brands during the 1st quarter worth $43,000. Hoey Investments Inc. acquired a new stake in shares of Constellation Brands in the 2nd quarter valued at $40,000. Finally, Curio Wealth LLC boosted its holdings in shares of Constellation Brands by 29,900.0% in the 2nd quarter. Curio Wealth LLC now owns 300 shares of the company’s stock valued at $49,000 after purchasing an additional 299 shares in the last quarter. Institutional investors own 77.34% of the company’s stock.

Wall Street Analysts Forecast Growth

STZ has been the topic of a number of research analyst reports. Weiss Ratings raised Constellation Brands from a “sell (d)” rating to a “hold (c-)” rating in a report on Friday, October 24th. Deutsche Bank Aktiengesellschaft reduced their target price on Constellation Brands from $182.00 to $158.00 and set a “hold” rating on the stock in a report on Wednesday, September 3rd. BNP Paribas Exane downgraded shares of Constellation Brands from a “neutral” rating to an “underperform” rating and set a $123.00 price target on the stock. in a research note on Wednesday, September 3rd. BMO Capital Markets reduced their price target on shares of Constellation Brands from $215.00 to $190.00 and set an “outperform” rating on the stock in a research note on Thursday, September 4th. Finally, TD Cowen reduced their price target on shares of Constellation Brands from $180.00 to $152.00 and set a “hold” rating on the stock in a research note on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, Constellation Brands currently has an average rating of “Hold” and a consensus price target of $186.44.

Constellation Brands Trading Down 1.6%

NYSE STZ opened at $128.89 on Friday. The company has a quick ratio of 0.54, a current ratio of 1.08 and a debt-to-equity ratio of 1.26. Constellation Brands Inc has a twelve month low of $128.80 and a twelve month high of $245.31. The company has a market cap of $22.56 billion, a price-to-earnings ratio of 18.82, a price-to-earnings-growth ratio of 0.39 and a beta of 0.66. The business’s fifty day moving average is $142.21 and its 200 day moving average is $163.98.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Thursday, February 23rd. The company reported $3.12 earnings per share for the quarter. Constellation Brands had a return on equity of 29.82% and a net margin of 11.88%.The company had revenue of $2.32 billion for the quarter. As a group, sell-side analysts expect that Constellation Brands Inc will post 13.5 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 13th. Shareholders of record on Thursday, October 30th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Thursday, October 30th. This represents a $4.08 annualized dividend and a yield of 3.2%. Constellation Brands’s payout ratio is presently 59.56%.

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.