Quantinno Capital Management LP Has $3.53 Million Position in Constellation Brands, Inc. (NYSE:STZ)

Quantinno Capital Management LP grew its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 100.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,962 shares of the company’s stock after acquiring an additional 8,018 shares during the period. Quantinno Capital Management LP’s holdings in Constellation Brands were worth $3,528,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of STZ. Mainstream Capital Management LLC purchased a new position in Constellation Brands in the fourth quarter valued at about $25,000. SBI Securities Co. Ltd. bought a new stake in shares of Constellation Brands in the 4th quarter valued at approximately $26,000. Compagnie Lombard Odier SCmA acquired a new position in Constellation Brands in the fourth quarter worth approximately $27,000. Union Bancaire Privee UBP SA bought a new position in Constellation Brands during the fourth quarter valued at approximately $28,000. Finally, Minot DeBlois Advisors LLC bought a new stake in Constellation Brands in the fourth quarter worth approximately $29,000. 77.34% of the stock is owned by institutional investors and hedge funds.

Constellation Brands Stock Performance

NYSE:STZ opened at $195.75 on Monday. The firm’s 50-day moving average is $184.10 and its 200-day moving average is $198.97. The company has a market cap of $34.85 billion, a price-to-earnings ratio of 52.62, a PEG ratio of 1.52 and a beta of 1.75. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 1.10. Constellation Brands, Inc. has a 52-week low of $160.46 and a 52-week high of $265.70.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings results on Wednesday, April 9th. The company reported $2.63 earnings per share (EPS) 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 firm had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same period in the previous year, the company posted $2.26 earnings per share. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. Equities research analysts anticipate that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Tuesday, April 29th were paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.08%. This is a positive change from Constellation Brands’s previous quarterly dividend of $1.01. The ex-dividend date was Tuesday, April 29th. Constellation Brands’s dividend payout ratio is presently -800.00%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on STZ shares. The Goldman Sachs Group cut their price target on shares of Constellation Brands from $260.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, April 11th. Citigroup cut their target price on Constellation Brands from $200.00 to $190.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. Truist Financial raised Constellation Brands from a “hold” rating to a “buy” rating and set a $215.00 price target for the company in a research report on Wednesday, May 7th. Piper Sandler lowered Constellation Brands from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $245.00 to $200.00 in a report on Monday, February 3rd. Finally, Barclays raised their price objective on Constellation Brands from $203.00 to $207.00 and gave the company an “overweight” rating in a research note on Monday, April 14th. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $225.74.

Insider Buying and Selling

In related news, EVP Samuel J. Glaetzer sold 3,150 shares of the stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $188.54, for a total value of $593,901.00. Following the completion of the transaction, the executive vice president now owns 3,126 shares of the company’s stock, valued at $589,376.04. This represents a 50.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 12.19% of the stock is owned by company insiders.

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.