V Square Quantitative Management LLC Grows Stock Holdings in Constellation Brands, Inc. (NYSE:STZ)

V Square Quantitative Management LLC raised its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 11.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,305 shares of the company’s stock after buying an additional 133 shares during the period. V Square Quantitative Management LLC’s holdings in Constellation Brands were worth $288,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of STZ. Exchange Traded Concepts LLC boosted its position in shares of Constellation Brands by 751.1% during the third quarter. Exchange Traded Concepts LLC now owns 1,200 shares of the company’s stock worth $309,000 after buying an additional 1,059 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Constellation Brands by 1.9% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,116 shares of the company’s stock valued at $4,411,000 after purchasing an additional 317 shares during the period. Stonegate Investment Group LLC purchased a new position in Constellation Brands in the third quarter valued at $291,000. Stratos Wealth Advisors LLC boosted its holdings in Constellation Brands by 6.4% in the third quarter. Stratos Wealth Advisors LLC now owns 2,913 shares of the company’s stock valued at $751,000 after purchasing an additional 175 shares during the period. Finally, Blue Trust Inc. boosted its holdings in Constellation Brands by 181.3% in the third quarter. Blue Trust Inc. now owns 1,021 shares of the company’s stock valued at $263,000 after purchasing an additional 658 shares during the period. 77.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

STZ has been the subject of a number of recent research reports. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $203.00 target price (down from $262.00) on shares of Constellation Brands in a report on Monday, January 13th. BNP Paribas initiated coverage on Constellation Brands in a report on Monday, November 25th. They issued a “neutral” rating and a $261.00 target price for the company. TD Cowen decreased their target price on Constellation Brands from $270.00 to $260.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Piper Sandler downgraded Constellation Brands from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $245.00 to $200.00 in a report on Monday, February 3rd. Finally, StockNews.com raised Constellation Brands from a “sell” rating to a “hold” rating in a report on Thursday. Ten investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, Constellation Brands presently has a consensus rating of “Moderate Buy” and a consensus target price of $254.29.

Insider Buying and Selling at Constellation Brands

In other news, major shareholder Wildstar Partners Llc sold 660 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $241.00, for a total transaction of $159,060.00. Following the completion of the transaction, the insider now directly owns 1,736,884 shares of the company’s stock, valued at approximately $418,589,044. This represents a 0.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director William T. Giles bought 1,000 shares of the business’s stock in a transaction dated Friday, January 17th. The shares were acquired at an average cost of $186.39 per share, with a total value of $186,390.00. Following the completion of the purchase, 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 disclosure for this purchase can be found here. 12.19% of the stock is owned by company insiders.

Constellation Brands Stock Down 0.3 %

STZ opened at $162.69 on Monday. The business has a 50 day moving average price of $201.35 and a two-hundred day moving average price of $228.31. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26. The company has a market cap of $29.40 billion, a PE ratio of 43.73, a P/E/G ratio of 1.51 and a beta of 0.90. Constellation Brands, Inc. has a 52 week low of $160.46 and a 52 week high of $274.87.

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

Constellation Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be paid a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 2.48%. The ex-dividend date is Friday, February 7th. Constellation Brands’s dividend payout ratio is presently 108.60%.

About Constellation Brands

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.