Constellation Brands, Inc. (NYSE:STZ) Shares Acquired by Cadence Bank

Cadence Bank boosted its position in Constellation Brands, Inc. (NYSE:STZ) by 1.8% in the 4th quarter, HoldingsChannel reports. The firm owned 37,030 shares of the company’s stock after purchasing an additional 642 shares during the period. Cadence Bank’s holdings in Constellation Brands were worth $8,184,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in STZ. Mainstream Capital Management LLC acquired a new position in shares of Constellation Brands in the fourth quarter valued at approximately $25,000. SBI Securities Co. Ltd. purchased a new stake in Constellation Brands in the 4th quarter worth approximately $26,000. Compagnie Lombard Odier SCmA acquired a new position in Constellation Brands in the 4th quarter valued at $27,000. Union Bancaire Privee UBP SA purchased a new position in shares of Constellation Brands during the 4th quarter worth $28,000. Finally, Versant Capital Management Inc boosted its holdings in shares of Constellation Brands by 887.5% during the fourth quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock worth $35,000 after purchasing an additional 142 shares during the last quarter. 77.34% of the stock is currently owned by hedge funds and other institutional investors.

Constellation Brands Trading Up 1.9 %

Shares of STZ opened at $186.58 on Friday. Constellation Brands, Inc. has a one year low of $160.46 and a one year high of $265.70. The stock has a 50-day moving average price of $178.12 and a 200 day moving average price of $207.38. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 1.10. The company has a market capitalization of $33.72 billion, a P/E ratio of 50.16, a P/E/G ratio of 1.52 and a beta of 1.75.

Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Wednesday, April 9th. The company reported $2.63 earnings per share for the quarter, topping analysts’ consensus estimates of $2.28 by $0.35. The business had revenue of $2.13 billion during 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% compared to the same quarter last year. During the same quarter last year, the company earned $2.26 earnings per share. Sell-side analysts forecast that Constellation Brands, Inc. will post 13.5 EPS for the current fiscal year.

Constellation Brands Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Tuesday, April 29th will be given a $1.02 dividend. The ex-dividend date of this dividend is Tuesday, April 29th. This represents a $4.08 annualized dividend and a dividend yield of 2.19%. This is an increase from Constellation Brands’s previous quarterly dividend of $1.01. Constellation Brands’s payout ratio is presently -800.00%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on STZ shares. StockNews.com downgraded Constellation Brands from a “hold” rating to a “sell” rating in a research report on Thursday. Truist Financial cut their price objective on shares of Constellation Brands from $255.00 to $190.00 and set a “hold” rating on the stock in a report on Tuesday, January 14th. Evercore ISI lowered their target price on shares of Constellation Brands from $300.00 to $250.00 and set an “outperform” rating for the company in a report on Monday, January 13th. Citigroup cut their price target on shares of Constellation Brands from $200.00 to $190.00 and set a “neutral” rating on the stock in a research note on Friday, April 11th. Finally, Argus lowered shares of Constellation Brands from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Constellation Brands presently has an average rating of “Hold” and an average 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.