Constellation Brands, Inc. (NYSE:STZ) Holdings Increased by Ieq Capital LLC

Ieq Capital LLC boosted its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 248.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,734 shares of the company’s stock after buying an additional 6,942 shares during the quarter. Ieq Capital LLC’s holdings in Constellation Brands were worth $2,151,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Allspring Global Investments Holdings LLC raised its holdings in Constellation Brands by 17.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 12,361 shares of the company’s stock worth $3,185,000 after buying an additional 1,833 shares during the period. Eastern Bank purchased a new position in shares of Constellation Brands during the 3rd quarter valued at $39,000. Forsta AP Fonden increased its position in Constellation Brands by 11.0% in the 3rd quarter. Forsta AP Fonden now owns 37,400 shares of the company’s stock worth $9,638,000 after purchasing an additional 3,700 shares during the last quarter. Arkadios Wealth Advisors raised its position in Constellation Brands by 60.2% during the third quarter. Arkadios Wealth Advisors now owns 2,363 shares of the company’s stock valued at $609,000 after acquiring an additional 888 shares in the last quarter. Finally, PFG Investments LLC lifted its stake in shares of Constellation Brands by 3.8% in the 3rd quarter. PFG Investments LLC now owns 1,150 shares of the company’s stock valued at $296,000 after purchasing an additional 42 shares during the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.

Insider Buying and Selling at Constellation Brands

In other news, Director William T. Giles bought 1,000 shares of the firm’s stock in a transaction dated Friday, January 17th. The shares were bought at an average price of $186.39 per share, with a total value of $186,390.00. Following the completion of the transaction, the director now owns 1,463 shares of the company’s stock, valued at $272,688.57. This trade represents a 215.98 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 12.19% of the company’s stock.

Constellation Brands Price Performance

Shares of NYSE STZ opened at $176.00 on Monday. The company has a fifty day moving average price of $194.29 and a 200 day moving average price of $225.71. The firm has a market cap of $31.81 billion, a PE ratio of 47.31, a PEG 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. Constellation Brands, Inc. has a 1-year low of $160.46 and a 1-year high of $274.87.

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

Constellation Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a $1.01 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.30%. Constellation Brands’s payout ratio is 108.60%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Evercore ISI lowered their target price on shares of Constellation Brands from $300.00 to $250.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. StockNews.com upgraded shares of Constellation Brands from a “sell” rating to a “hold” rating in a research note on Thursday, February 13th. BNP Paribas started coverage on shares of Constellation Brands in a research report on Monday, November 25th. They set a “neutral” rating and a $261.00 target price for the company. Royal Bank of Canada restated an “outperform” rating and issued a $293.00 price target on shares of Constellation Brands in a research report on Monday, February 3rd. Finally, TD Cowen dropped their price objective on shares of Constellation Brands from $270.00 to $260.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Ten research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $254.29.

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.