Intech Investment Management LLC increased its position in Constellation Brands Inc (NYSE:STZ – Free Report) by 18.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,279 shares of the company’s stock after buying an additional 3,699 shares during the quarter. Intech Investment Management LLC’s holdings in Constellation Brands were worth $3,212,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of the company. Stance Capital LLC purchased a new position in Constellation Brands in the 3rd quarter worth approximately $26,000. GoalVest Advisory LLC purchased a new position in Constellation Brands in the 4th quarter worth approximately $28,000. Elyxium Wealth LLC purchased a new position in Constellation Brands in the 4th quarter worth approximately $33,000. Mowery & Schoenfeld Wealth Management LLC purchased a new position in Constellation Brands in the 4th quarter worth approximately $39,000. Finally, Accredited Wealth Management LLC increased its stake in Constellation Brands by 572.3% in the 3rd quarter. Accredited Wealth Management LLC now owns 316 shares of the company’s stock worth $43,000 after purchasing an additional 269 shares during the period. Institutional investors own 77.34% of the company’s stock.
Constellation Brands Price Performance
Shares of STZ stock opened at $136.39 on Tuesday. The stock has a market cap of $23.49 billion, a price-to-earnings ratio of 14.22, a PEG ratio of 3.21 and a beta of 0.39. The business’s fifty day moving average is $151.78 and its 200 day moving average is $149.31. Constellation Brands Inc has a twelve month low of $126.45 and a twelve month high of $178.55. The company has a quick ratio of 0.55, a current ratio of 1.08 and a debt-to-equity ratio of 1.16.
Constellation Brands Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Wednesday, April 29th were given a $1.03 dividend. The ex-dividend date was Wednesday, April 29th. This is a positive change from Constellation Brands’s previous quarterly dividend of $1.02. This represents a $4.12 dividend on an annualized basis and a yield of 3.0%. Constellation Brands’s dividend payout ratio (DPR) is currently 42.96%.
Wall Street Analyst Weigh In
A number of brokerages have commented on STZ. Roth Mkm reaffirmed a “buy” rating on shares of Constellation Brands in a research note on Thursday, April 9th. Piper Sandler lifted their price target on Constellation Brands from $146.00 to $160.00 and gave the stock a “neutral” rating in a research note on Friday, April 10th. Barclays lifted their price target on Constellation Brands from $151.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Friday, April 10th. Royal Bank Of Canada reissued an “outperform” rating and set a $185.00 target price on shares of Constellation Brands in a research note on Friday, April 10th. Finally, Bank of America reduced their target price on Constellation Brands from $154.00 to $152.00 and set an “underperform” rating on the stock in a research note on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $175.26.
View Our Latest Research Report on Constellation Brands
Insider Buying and Selling
In other Constellation Brands news, EVP James O. Bourdeau sold 4,407 shares of the company’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $143.24, for a total value of $631,258.68. Following the completion of the sale, the executive vice president owned 9,109 shares in the company, valued at $1,304,773.16. This represents a 32.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 12.45% of the stock is currently owned by insiders.
Constellation Brands Profile
Constellation Brands, Inc is a leading producer and marketer of beer, wine and spirits, with operations spanning production, importation, marketing and distribution. The company’s beverage portfolio includes a range of premium and mainstream wines and spirits alongside major imported beer brands; in the U.S. market Constellation is widely known for its role in bringing Mexican imports such as Corona and Modelo to American consumers. Constellation supplies retail, on‑premise and foodservice channels and supports its brands with national sales and marketing platforms and supply‑chain capabilities.
The company traces its roots to the Canandaigua Wine Company, founded by Marvin Sands in 1945, and evolved through organic growth and acquisition into a diversified beverage company.
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