Stanley Laman Group Ltd. Purchases New Holdings in Constellation Brands, Inc. (NYSE:STZ)

Stanley Laman Group Ltd. purchased a new stake in Constellation Brands, Inc. (NYSE:STZ) in the first quarter, HoldingsChannel reports. The firm purchased 1,272 shares of the company’s stock, valued at approximately $233,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Mainstream Capital Management LLC acquired a new stake in Constellation Brands during the 4th quarter worth $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 acquired a new position in shares of Constellation Brands in the 4th quarter valued at $27,000. Union Bancaire Privee UBP SA acquired a new position in shares of Constellation Brands in the 4th quarter valued at $28,000. Finally, Minot DeBlois Advisors LLC acquired a new position in shares of Constellation Brands in the 4th quarter valued at $29,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on STZ shares. Wall Street Zen raised Constellation Brands from a “sell” rating to a “hold” rating in a research note on Tuesday, May 20th. Truist Financial raised Constellation Brands from a “hold” rating to a “buy” rating and increased their price target for the company from $190.00 to $215.00 in a research note on Wednesday, May 7th. Roth Capital cut their price target on Constellation Brands from $256.00 to $239.00 and set a “buy” rating on the stock in a research note on Tuesday, May 20th. Deutsche Bank Aktiengesellschaft cut their price target on Constellation Brands from $191.00 to $185.00 and set a “hold” rating on the stock in a research note on Thursday, June 5th. Finally, Bernstein Bank cut their price target on Constellation Brands from $260.00 to $225.00 and set an “outperform” rating on the stock in a research note on Thursday, April 10th. Eleven analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $220.00.

Constellation Brands Stock Performance

Shares of Constellation Brands stock opened at $164.69 on Friday. The company has a market capitalization of $29.32 billion, a PE ratio of 44.27, a PEG ratio of 1.52 and a beta of 1.75. Constellation Brands, Inc. has a 12 month low of $160.46 and a 12 month high of $265.70. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26. The stock’s fifty day simple moving average is $183.21 and its 200 day simple moving average is $191.30.

Constellation Brands (NYSE:STZ) last released its earnings results on Wednesday, April 9th. The company reported $2.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.28 by $0.35. The firm had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.14 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The company’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.26 EPS. On average, research analysts predict that Constellation Brands, Inc. will post 13.5 EPS for the current year.

Constellation Brands Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Tuesday, April 29th were issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date was Tuesday, April 29th. This is a boost from Constellation Brands’s previous quarterly dividend of $1.01. Constellation Brands’s dividend payout ratio is -800.00%.

Insiders Place Their Bets

In other Constellation Brands news, EVP Samuel J. Glaetzer sold 3,150 shares of the stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $188.54, for a total transaction of $593,901.00. Following the completion of the transaction, the executive vice president now owns 3,126 shares in the company, valued at approximately $589,376.04. This represents a 50.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate 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.