Constellation Brands, Inc. (NYSE:STZ) Short Interest Update

Constellation Brands, Inc. (NYSE:STZ) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 4,780,000 shares, an increase of 27.8% from the March 15th total of 3,740,000 shares. Approximately 3.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,890,000 shares, the days-to-cover ratio is presently 1.7 days.

Institutional Trading of Constellation Brands

A number of hedge funds have recently modified their holdings of the company. Mainstream Capital Management LLC acquired a new position in shares of Constellation Brands in the fourth quarter valued at $25,000. SBI Securities Co. Ltd. acquired a new position in shares of Constellation Brands in the 4th quarter valued at $26,000. Compagnie Lombard Odier SCmA bought a new position in shares of Constellation Brands during the 4th quarter worth about $27,000. Union Bancaire Privee UBP SA acquired a new stake in shares of Constellation Brands during the 4th quarter valued at about $28,000. Finally, Minot DeBlois Advisors LLC bought a new stake in Constellation Brands in the fourth quarter valued at about $29,000. Institutional investors own 77.34% of the company’s stock.

Constellation Brands Stock Down 0.7 %

Shares of STZ stock traded down $1.38 on Monday, hitting $185.25. The company’s stock had a trading volume of 474,665 shares, compared to its average volume of 1,689,044. The stock has a market capitalization of $33.48 billion, a price-to-earnings ratio of 49.80, a P/E/G ratio of 1.52 and a beta of 1.75. Constellation Brands has a fifty-two week low of $160.46 and a fifty-two week high of $265.70. The firm’s fifty day moving average price is $178.56 and its 200-day moving average price is $206.29. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46.

Constellation Brands (NYSE:STZ) last announced its earnings results on Wednesday, April 9th. The company reported $2.63 EPS for the quarter, topping the consensus estimate of $2.28 by $0.35. The firm had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.14 billion. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the firm posted $2.26 EPS. Research analysts anticipate that Constellation Brands will post 13.5 EPS for the current year.

Constellation Brands Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Tuesday, April 29th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.20%. This is a positive change from Constellation Brands’s previous quarterly dividend of $1.01. The ex-dividend date of this dividend is Tuesday, April 29th. Constellation Brands’s payout ratio is currently -800.00%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Truist Financial cut their price objective on Constellation Brands from $255.00 to $190.00 and set a “hold” rating for the company in a research report on Tuesday, January 14th. Piper Sandler cut Constellation Brands from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $245.00 to $200.00 in a research note on Monday, February 3rd. Royal Bank of Canada reduced their price objective on shares of Constellation Brands from $289.00 to $233.00 and set an “outperform” rating for the company in a research note on Monday, April 14th. UBS Group dropped their target price on shares of Constellation Brands from $265.00 to $223.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. Finally, Argus downgraded shares of Constellation Brands from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $224.42.

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.