Constellation Brands, Inc. (NYSE:STZ) Stock Position Boosted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 2.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,782,964 shares of the company’s stock after buying an additional 38,786 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Constellation Brands were worth $394,035,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new position in shares of Constellation Brands during the fourth quarter valued at approximately $26,000. Compagnie Lombard Odier SCmA bought a new position in Constellation Brands during the 4th quarter valued at $27,000. Union Bancaire Privee UBP SA acquired a new position in shares of Constellation Brands during the 4th quarter valued at $28,000. Versant Capital Management Inc raised its stake in shares of Constellation Brands by 887.5% in the 4th quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock worth $35,000 after buying an additional 142 shares in the last quarter. Finally, Centricity Wealth Management LLC bought a new stake in shares of Constellation Brands in the 4th quarter worth $35,000. 77.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Evercore ISI decreased their target price on Constellation Brands from $300.00 to $250.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. TD Cowen reduced their price objective on shares of Constellation Brands from $270.00 to $260.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Truist Financial dropped their target price 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. Piper Sandler cut shares of Constellation Brands from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $245.00 to $200.00 in a report on Monday, February 3rd. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $293.00 price objective on shares of Constellation Brands in a research report on Monday, February 3rd. Eleven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $253.43.

Constellation Brands Price Performance

NYSE STZ opened at $174.08 on Thursday. The company has a 50 day simple moving average of $185.90 and a 200-day simple moving average of $222.14. Constellation Brands, Inc. has a 52-week low of $160.46 and a 52-week high of $274.87. The firm has a market capitalization of $31.46 billion, a price-to-earnings ratio of 46.79, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75. 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 released its earnings results on Friday, January 10th. The company reported $3.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $2.53 billion. During the same quarter in the previous year, the company earned $3.19 EPS. The firm’s quarterly revenue was down .3% compared to the same quarter last year. Equities research analysts predict that Constellation Brands, Inc. will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a $1.01 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.04 dividend on an annualized basis and a yield of 2.32%. Constellation Brands’s dividend payout ratio (DPR) is currently 108.60%.

Insiders Place Their Bets

In other news, Director William T. Giles purchased 1,000 shares of the stock in a transaction that occurred on Friday, January 17th. The stock was acquired at an average price of $186.39 per share, with a total value of $186,390.00. Following the purchase, the director now owns 1,463 shares in the company, valued at $272,688.57. This represents a 215.98 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.