Charles Schwab Investment Management Inc. Increases Holdings in Constellation Brands, Inc. (NYSE:STZ)

Charles Schwab Investment Management Inc. raised its stake in Constellation Brands, Inc. (NYSE:STZ) by 2.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,782,964 shares of the company’s stock after purchasing an additional 38,786 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.99% of Constellation Brands worth $394,035,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new position in shares of Constellation Brands in the fourth quarter valued at $26,000. Compagnie Lombard Odier SCmA purchased a new stake in Constellation Brands during the 4th quarter worth $27,000. Union Bancaire Privee UBP SA acquired a new position in Constellation Brands in the 4th quarter worth $28,000. Versant Capital Management Inc boosted its position in Constellation Brands by 887.5% in the 4th quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock valued at $35,000 after buying an additional 142 shares during the last quarter. Finally, Centricity Wealth Management LLC acquired a new stake in shares of Constellation Brands during the fourth quarter valued at about $35,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

Constellation Brands Stock Up 0.9 %

Shares of Constellation Brands stock opened at $174.08 on Thursday. The stock has a market capitalization of $31.46 billion, a price-to-earnings ratio of 46.79, a PEG ratio of 1.52 and a beta of 1.75. Constellation Brands, Inc. has a twelve month low of $160.46 and a twelve month high of $274.87. 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 business’s 50 day simple moving average is $185.90 and its 200-day simple moving average is $222.14.

Constellation Brands (NYSE:STZ) last issued its earnings results on Friday, January 10th. The company reported $3.25 earnings per share for the quarter, missing the consensus estimate of $3.33 by ($0.08). Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The company had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.53 billion. During the same period in the prior year, the business earned $3.19 earnings per share. Constellation Brands’s quarterly revenue was down .3% on a year-over-year basis. Equities research analysts forecast that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 2.32%. The ex-dividend date was Friday, February 7th. Constellation Brands’s dividend payout ratio (DPR) is 108.60%.

Analyst Ratings Changes

Several research analysts recently commented on STZ shares. Piper Sandler cut Constellation Brands from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $245.00 to $200.00 in a research note on Monday, February 3rd. Evercore ISI cut their target price on Constellation Brands from $300.00 to $250.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. Wells Fargo & Company decreased their price target on shares of Constellation Brands from $295.00 to $275.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Morgan Stanley cut shares of Constellation Brands from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $220.00 to $202.00 in a report on Thursday, February 27th. Finally, BNP Paribas started coverage on shares of Constellation Brands in a report on Monday, November 25th. They set a “neutral” rating and a $261.00 price objective for the company. Eleven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Constellation Brands currently has a consensus rating of “Moderate Buy” and a consensus price target of $253.43.

Insiders Place Their Bets

In other Constellation Brands news, Director William T. Giles acquired 1,000 shares of Constellation Brands stock in a transaction dated Friday, January 17th. The stock was acquired at an average cost of $186.39 per share, for a total transaction of $186,390.00. Following the completion of the transaction, the director now owns 1,463 shares in the company, valued at approximately $272,688.57. This represents a 215.98 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 12.19% of the stock is owned by 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.