Atom Investors LP Acquires 16,651 Shares of Constellation Brands Inc $STZ

Atom Investors LP raised its stake in Constellation Brands Inc (NYSE:STZ) by 85.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 36,040 shares of the company’s stock after acquiring an additional 16,651 shares during the period. Atom Investors LP’s holdings in Constellation Brands were worth $4,972,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Choreo LLC grew its position in shares of Constellation Brands by 2.1% in the 4th quarter. Choreo LLC now owns 3,116 shares of the company’s stock valued at $437,000 after buying an additional 63 shares during the last quarter. HM Payson & Co. boosted its holdings in Constellation Brands by 10.0% in the fourth quarter. HM Payson & Co. now owns 701 shares of the company’s stock valued at $97,000 after acquiring an additional 64 shares during the last quarter. Clearstead Trust LLC boosted its holdings in Constellation Brands by 14.2% in the fourth quarter. Clearstead Trust LLC now owns 548 shares of the company’s stock valued at $76,000 after acquiring an additional 68 shares during the last quarter. Johnson Financial Group Inc. boosted its holdings in Constellation Brands by 24.9% in the fourth quarter. Johnson Financial Group Inc. now owns 346 shares of the company’s stock valued at $48,000 after acquiring an additional 69 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in Constellation Brands by 5.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,338 shares of the company’s stock valued at $188,000 after acquiring an additional 74 shares during the last quarter. Institutional investors own 77.34% of the company’s stock.

Wall Street Analysts Forecast Growth

STZ has been the topic of several analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Constellation Brands in a report on Monday, May 4th. Roth Mkm reiterated a “buy” rating on shares of Constellation Brands in a report on Thursday, April 9th. Piper Sandler upped their target price on Constellation Brands from $146.00 to $160.00 and gave the company a “neutral” rating in a report on Friday, April 10th. Morgan Stanley upped their target price on Constellation Brands from $160.00 to $183.00 and gave the company an “equal weight” rating in a report on Friday, April 10th. Finally, Bank of America reduced their target price on Constellation Brands from $154.00 to $152.00 and set an “underperform” rating on the stock in a report on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Constellation Brands has a consensus rating of “Moderate Buy” and a consensus target price of $175.26.

Constellation Brands Stock Down 2.6%

Shares of NYSE:STZ opened at $144.26 on Wednesday. The business’s 50 day simple moving average is $149.71 and its two-hundred day simple moving average is $150.12. The firm has a market cap of $24.84 billion, a P/E ratio of 15.04, a PEG ratio of 3.48 and a beta of 0.39. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.55 and a current ratio of 1.08. Constellation Brands Inc has a 52-week low of $126.45 and a 52-week high of $178.13.

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

Constellation Brands Increases Dividend

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

Insider Transactions at Constellation Brands

In other Constellation Brands news, EVP James O. Bourdeau sold 4,407 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $143.24, for a total value of $631,258.68. Following the transaction, the executive vice president owned 9,109 shares in the company, valued at approximately $1,304,773.16. This represents a 32.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 12.20% of the company’s stock.

About Constellation Brands

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.