CreativeOne Wealth LLC Grows Stock Position in Constellation Brands, Inc. (NYSE:STZ)

CreativeOne Wealth LLC raised its holdings in Constellation Brands, Inc. (NYSE:STZ) by 20.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,635 shares of the company’s stock after buying an additional 443 shares during the quarter. CreativeOne Wealth LLC’s holdings in Constellation Brands were worth $582,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. World Investment Advisors LLC raised its stake in Constellation Brands by 36.6% during the third quarter. World Investment Advisors LLC now owns 2,550 shares of the company’s stock worth $657,000 after purchasing an additional 683 shares during the period. Arvest Bank Trust Division acquired a new stake in shares of Constellation Brands during the 3rd quarter worth $243,000. Wilmington Savings Fund Society FSB raised its position in shares of Constellation Brands by 260.7% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 20,495 shares of the company’s stock worth $5,281,000 after buying an additional 14,813 shares during the period. Oddo BHF Asset Management Sas acquired a new position in Constellation Brands in the third quarter valued at $223,000. Finally, Copley Financial Group Inc. purchased a new stake in Constellation Brands during the third quarter valued at about $455,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

Constellation Brands Trading Up 1.9 %

STZ opened at $186.58 on Friday. Constellation Brands, Inc. has a 12-month low of $160.46 and a 12-month high of $265.70. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46. The stock has a market capitalization of $33.72 billion, a PE ratio of 50.16, a P/E/G ratio of 1.52 and a beta of 1.75. The firm’s fifty day moving average price is $178.56 and its 200 day moving average price is $206.89.

Constellation Brands (NYSE:STZ) last released its earnings results on Wednesday, April 9th. The company reported $2.63 earnings per share for the quarter, topping the consensus estimate of $2.28 by $0.35. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The company had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter in the previous year, the firm earned $2.26 EPS. The company’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 EPS for the current fiscal year.

Constellation Brands Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Tuesday, April 29th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend is Tuesday, April 29th. This is an increase from Constellation Brands’s previous quarterly dividend of $1.01. Constellation Brands’s dividend payout ratio (DPR) is currently -800.00%.

Analyst Ratings Changes

A number of research firms have recently commented on STZ. Barclays raised their price objective on Constellation Brands from $203.00 to $207.00 and gave the stock an “overweight” rating in a report on Monday, April 14th. Piper Sandler cut shares of Constellation Brands from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $245.00 to $200.00 in a research report on Monday, February 3rd. UBS Group dropped their price objective on shares of Constellation Brands from $265.00 to $223.00 and set a “buy” rating for the company in a research report on Friday, January 17th. Morgan Stanley cut their target price on shares of Constellation Brands from $202.00 to $195.00 and set an “equal weight” rating on the stock in a research note on Friday, April 11th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $215.00 price target on shares of Constellation Brands in a research report on Thursday, April 10th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target 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.