Framtiden Holdings Management Co LLC Makes New $17.80 Million Investment in Constellation Brands Inc $STZ

Framtiden Holdings Management Co LLC purchased a new stake in Constellation Brands Inc (NYSE:STZ) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 129,000 shares of the company’s stock, valued at approximately $17,797,000. Constellation Brands makes up approximately 19.3% of Framtiden Holdings Management Co LLC’s holdings, making the stock its 2nd largest position.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in Constellation Brands by 3.3% in the 3rd quarter. Vanguard Group Inc. now owns 18,202,611 shares of the company’s stock worth $2,451,346,000 after purchasing an additional 573,766 shares in the last quarter. Capital World Investors raised its holdings in Constellation Brands by 8.3% during the 4th quarter. Capital World Investors now owns 7,238,575 shares of the company’s stock worth $998,740,000 after buying an additional 553,974 shares during the period. State Street Corp lifted its stake in Constellation Brands by 5.0% during the fourth quarter. State Street Corp now owns 6,911,369 shares of the company’s stock valued at $953,492,000 after buying an additional 329,337 shares in the last quarter. Capital International Investors lifted its stake in Constellation Brands by 48.5% during the fourth quarter. Capital International Investors now owns 6,442,600 shares of the company’s stock valued at $888,930,000 after buying an additional 2,105,546 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in Constellation Brands by 14.0% during the fourth quarter. Wellington Management Group LLP now owns 6,018,653 shares of the company’s stock valued at $830,333,000 after buying an additional 739,393 shares in the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.

Constellation Brands Stock Performance

STZ stock opened at $141.25 on Friday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.55 and a current ratio of 1.08. The stock has a market cap of $24.32 billion, a P/E ratio of 14.73, a P/E/G ratio of 3.26 and a beta of 0.39. The firm has a 50 day simple moving average of $149.13 and a 200 day simple moving average of $150.18. Constellation Brands Inc has a 52 week low of $126.45 and a 52 week high of $178.13.

Constellation Brands (NYSE:STZ) last released its earnings results on Wednesday, April 8th. The company reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.71 by $0.19. The company had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.84 billion. Constellation Brands had a net margin of 17.29% and a return on equity of 26.18%. The company’s revenue was down 11.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.63 EPS. Research analysts anticipate that Constellation Brands Inc will post 11.87 earnings per share for the current fiscal year.

Constellation Brands Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Wednesday, April 29th were issued a dividend of $1.03 per share. This is a positive change from Constellation Brands’s previous quarterly dividend of $1.02. This represents a $4.12 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Wednesday, April 29th. Constellation Brands’s dividend payout ratio is 42.96%.

Insider Activity

In other news, EVP James O. Bourdeau sold 4,407 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $143.24, for a total transaction of $631,258.68. Following the completion of the sale, the executive vice president directly owned 9,109 shares of the company’s stock, valued at $1,304,773.16. This trade represents a 32.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 12.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Constellation Brands in a research report on Monday, May 4th. Barclays upped their price target on shares of Constellation Brands from $151.00 to $170.00 and gave the company an “equal weight” rating in a research report on Friday, April 10th. Piper Sandler raised their price objective on shares of Constellation Brands from $146.00 to $160.00 and gave the stock a “neutral” rating in a research note on Friday, April 10th. Needham & Company LLC lifted their price objective on shares of Constellation Brands from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, April 10th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Constellation Brands from $154.00 to $155.00 and gave the company a “hold” rating in a research note on Friday, April 10th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $174.68.

Constellation Brands Profile

Constellation Brands, Inc is a leading producer and marketer of beer, wine and spirits, with operations spanning production, importation, marketing and distribution. The company’s beverage portfolio includes a range of premium and mainstream wines and spirits alongside major imported beer brands; in the U.S. market Constellation is widely known for its role in bringing Mexican imports such as Corona and Modelo to American consumers. Constellation supplies retail, on?premise and foodservice channels and supports its brands with national sales and marketing platforms and supply?chain capabilities.

The company traces its roots to the Canandaigua Wine Company, founded by Marvin Sands in 1945, and evolved through organic growth and acquisition into a diversified beverage company.