Generation Capital Management LLC Takes Position in Constellation Brands, Inc. (NYSE:STZ)

Generation Capital Management LLC acquired a new position in Constellation Brands, Inc. (NYSE:STZ) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 1,070 shares of the company’s stock, valued at approximately $236,000.

Several other large investors have also modified their holdings of the company. Allworth Financial LP raised its stake in shares of Constellation Brands by 0.8% during the 4th quarter. Allworth Financial LP now owns 7,357 shares of the company’s stock worth $1,626,000 after purchasing an additional 59 shares in the last quarter. BSW Wealth Partners increased its holdings in Constellation Brands by 4.2% during the fourth quarter. BSW Wealth Partners now owns 1,563 shares of the company’s stock worth $345,000 after buying an additional 63 shares during the last quarter. Philip James Wealth Mangement LLC raised its position in Constellation Brands by 8.0% during the fourth quarter. Philip James Wealth Mangement LLC now owns 923 shares of the company’s stock worth $204,000 after acquiring an additional 68 shares in the last quarter. Oak Asset Management LLC lifted its stake in Constellation Brands by 0.4% in the fourth quarter. Oak Asset Management LLC now owns 17,611 shares of the company’s stock valued at $3,892,000 after acquiring an additional 71 shares during the last quarter. Finally, Barden Capital Management Inc. grew its position in shares of Constellation Brands by 1.3% in the 4th quarter. Barden Capital Management Inc. now owns 5,574 shares of the company’s stock valued at $1,232,000 after acquiring an additional 72 shares during the period. 77.34% of the stock is owned by institutional investors.

Constellation Brands Stock Performance

NYSE STZ opened at $186.58 on Friday. The firm’s 50 day simple moving average is $178.12 and its 200 day simple moving average is $207.38. 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 $265.70. The firm has a market capitalization of $33.72 billion, a price-to-earnings ratio of 50.16, a P/E/G ratio of 1.52 and a beta of 1.75.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings results on Wednesday, April 9th. The company reported $2.63 EPS for the quarter, topping analysts’ consensus estimates of $2.28 by $0.35. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The company had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.14 billion. During the same quarter in the previous year, the firm earned $2.26 EPS. Constellation Brands’s revenue was up 1.2% on a year-over-year basis. As a group, research analysts expect that Constellation Brands, Inc. will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Tuesday, April 29th will be issued a dividend of $1.02 per share. The ex-dividend date is Tuesday, April 29th. This is a positive change from Constellation Brands’s previous quarterly dividend of $1.01. This represents a $4.08 annualized dividend and a dividend yield of 2.19%. Constellation Brands’s payout ratio is -800.00%.

Analysts Set New Price Targets

A number of research firms recently commented on STZ. Truist Financial reduced their price target on Constellation Brands from $255.00 to $190.00 and set a “hold” rating for the company in a report on Tuesday, January 14th. Morgan Stanley cut their price objective on Constellation Brands from $202.00 to $195.00 and set an “equal weight” rating for the company in a research report on Friday, April 11th. Royal Bank of Canada dropped their price target on Constellation Brands from $289.00 to $233.00 and set an “outperform” rating on the stock in a research note on Monday. StockNews.com cut shares of Constellation Brands from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, Citigroup dropped their price objective on shares of Constellation Brands from $200.00 to $190.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, Constellation Brands currently has a consensus rating of “Hold” and an average target price of $224.42.

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.