Raab & Moskowitz Asset Management LLC Has $901,000 Holdings in Constellation Brands, Inc. (NYSE:STZ)

Raab & Moskowitz Asset Management LLC increased its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 43.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,079 shares of the company’s stock after acquiring an additional 1,239 shares during the period. Raab & Moskowitz Asset Management LLC’s holdings in Constellation Brands were worth $901,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Oakworth Capital Inc. grew its holdings in shares of Constellation Brands by 4.4% during the third quarter. Oakworth Capital Inc. now owns 989 shares of the company’s stock worth $255,000 after purchasing an additional 42 shares during the last quarter. PFG Investments LLC lifted its position in Constellation Brands by 3.8% during the 3rd quarter. PFG Investments LLC now owns 1,150 shares of the company’s stock worth $296,000 after buying an additional 42 shares in the last quarter. Metis Global Partners LLC grew its holdings in Constellation Brands by 0.8% during the 3rd quarter. Metis Global Partners LLC now owns 5,570 shares of the company’s stock worth $1,435,000 after acquiring an additional 46 shares during the last quarter. Rosenberg Matthew Hamilton grew its holdings in Constellation Brands by 6.2% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 858 shares of the company’s stock worth $221,000 after acquiring an additional 50 shares during the last quarter. Finally, Strategic Investment Solutions Inc. IL increased its position in Constellation Brands by 4.6% in the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 1,158 shares of the company’s stock valued at $298,000 after acquiring an additional 51 shares in the last quarter. 77.34% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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. Also, major shareholder Wildstar Partners Llc sold 660 shares of Constellation Brands stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $241.00, for a total value of $159,060.00. Following the sale, the insider now directly owns 1,736,884 shares of the company’s stock, valued at approximately $418,589,044. The trade was a 0.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 12.19% of the company’s stock.

Constellation Brands Stock Down 2.2 %

Constellation Brands stock opened at $161.11 on Thursday. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46. The company’s 50-day moving average is $205.95 and its 200-day moving average is $229.94. The firm has a market capitalization of $29.12 billion, a PE ratio of 43.31, a P/E/G ratio of 1.51 and a beta of 0.90. Constellation Brands, Inc. has a fifty-two week low of $160.46 and a fifty-two week high of $274.87.

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

Constellation Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be issued a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 2.51%. The ex-dividend date is Friday, February 7th. Constellation Brands’s dividend payout ratio is 108.60%.

Wall Street Analysts Forecast Growth

STZ has been the topic of a number of research reports. Evercore ISI reduced 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 report on Monday, January 13th. Morgan Stanley reduced their price objective on Constellation Brands from $280.00 to $220.00 and set an “overweight” rating on the stock in a report on Monday, January 13th. StockNews.com raised Constellation Brands from a “sell” rating to a “hold” rating in a research note on Thursday. BNP Paribas started coverage on Constellation Brands in a research note on Monday, November 25th. They set a “neutral” rating and a $261.00 price target on the stock. Finally, Piper Sandler lowered Constellation Brands from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $245.00 to $200.00 in a research report on Monday, February 3rd. Ten research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $254.29.

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.