Callan Family Office LLC Boosts Stake in Constellation Brands, Inc. (NYSE:STZ)

Callan Family Office LLC increased its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 194.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,452 shares of the company’s stock after buying an additional 1,618 shares during the quarter. Callan Family Office LLC’s holdings in Constellation Brands were worth $542,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. State Street Corp raised its stake in shares of Constellation Brands by 6.0% in the third quarter. State Street Corp now owns 7,144,428 shares of the company’s stock worth $1,841,048,000 after purchasing an additional 402,211 shares during the last quarter. Janus Henderson Group PLC raised its position in Constellation Brands by 1.2% during the 3rd quarter. Janus Henderson Group PLC now owns 1,853,081 shares of the company’s stock worth $477,515,000 after buying an additional 21,454 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Constellation Brands by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,782,964 shares of the company’s stock valued at $394,035,000 after acquiring an additional 38,786 shares during the period. Van ECK Associates Corp lifted its stake in Constellation Brands by 1,844.7% during the 4th quarter. Van ECK Associates Corp now owns 924,274 shares of the company’s stock valued at $204,265,000 after acquiring an additional 876,745 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of Constellation Brands in the 4th quarter valued at $105,766,000. 77.34% of the stock is owned by hedge funds and other institutional investors.

Constellation Brands Stock Up 4.3 %

STZ opened at $186.64 on Monday. Constellation Brands, Inc. has a twelve month low of $160.46 and a twelve month high of $274.87. 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 50-day moving average price of $184.27 and a 200 day moving average price of $221.13. The company has a market cap of $33.73 billion, a PE ratio of 50.17, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75.

Constellation Brands (NYSE:STZ) last released its quarterly 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 for the quarter, compared to analyst estimates of $2.53 billion. During the same quarter last year, the company earned $3.19 EPS. The firm’s revenue for the quarter was down .3% on a year-over-year basis. Sell-side analysts expect that Constellation Brands, Inc. will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend was Friday, February 7th. Constellation Brands’s dividend payout ratio is currently 108.60%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on STZ shares. Wells Fargo & Company decreased their target price 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. Piper Sandler downgraded shares of Constellation Brands from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $245.00 to $200.00 in a research report on Monday, February 3rd. StockNews.com upgraded shares of Constellation Brands from a “sell” rating to a “hold” rating in a research report on Thursday. 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. Finally, Roth Capital decreased their target price on shares of Constellation Brands from $298.00 to $284.00 and set a “buy” rating for the company in a research report on Friday, January 17th. Eleven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, Constellation Brands has an average rating of “Moderate Buy” and an average target price of $253.24.

Insider Transactions at Constellation Brands

In other Constellation Brands news, Director William T. Giles purchased 1,000 shares of the firm’s stock in a transaction dated Friday, January 17th. The shares were purchased 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 acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders own 12.19% of the company’s stock.

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.