2 weeks Ago By ABMN Staff
Summit Investment Advisors Inc. cut its stake in shares of Constellation Brands, Inc. ( NYSE:STZ – Free Report ) by 4.
2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,521 shares of the company’s stock after selling 66 shares during the period. Summit Investment Advisors Inc.
’s holdings in Constellation Brands were worth $336,000 as of its most recent SEC filing. A number of other hedge funds also recently added to or reduced their stakes in STZ. Mainstream Capital Management LLC purchased a new position in Constellation Brands in the 4th quarter valued at $25,000.
SBI Securities Co. Ltd. acquired a new position in shares of Constellation Brands during the fourth quarter worth about $26,000.
Compagnie Lombard Odier SCmA purchased a new position in Constellation Brands during the fourth quarter worth about $27,000. Union Bancaire Privee UBP SA acquired a new stake in Constellation Brands in the fourth quarter valued at about $28,000. Finally, Versant Capital Management Inc boosted its holdings in Constellation Brands by 887.
5% in the 4th quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock valued at $35,000 after purchasing an additional 142 shares in the last quarter. 77.
34% of the stock is owned by institutional investors and hedge funds. Analyst Upgrades and Downgrades A number of analysts recently weighed in on the company. JPMorgan Chase & Co.
decreased their price target on Constellation Brands from $203.00 to $194.00 and set a “neutral” rating on the stock in a research note on Friday, April 11th.
Piper Sandler downgraded shares of Constellation Brands from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $245.00 to $200.00 in a report on Monday, February 3rd.
Citigroup dropped their target price on shares of Constellation Brands from $200.00 to $190.00 and set a “neutral” rating for the company in a report on Friday, April 11th.
Roth Mkm lowered their price target on Constellation Brands from $284.00 to $256.00 and set a “buy” rating on the stock in a report on Thursday, April 3rd.
Finally, Morgan Stanley decreased their target price on Constellation Brands from $202.00 to $195.00 and set an “equal weight” rating on the stock in a research report on Friday, April 11th.
One analyst has rated the stock with a sell rating, ten have given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $224.42.
Constellation Brands Stock Performance NYSE:STZ opened at $186.58 on Monday. Constellation Brands, Inc.
has a fifty-two week low of $160.46 and a fifty-two week high of $265.70.
The firm’s 50 day moving average is $178.56 and its two-hundred day moving average is $206.29.
The company has a market cap of $33.72 billion, a P/E ratio of 50.16, a P/E/G ratio of 1.
52 and a beta of 1.75. The company has a quick ratio of 0.
46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26.
Constellation Brands ( NYSE:STZ – Get Free Report ) last posted its quarterly earnings results on Wednesday, April 9th. The company reported $2.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.
28 by $0.35. The firm had revenue of $2.
13 billion during the quarter, compared to the consensus estimate of $2.14 billion. Constellation Brands had a return on equity of 26.
55% and a net margin of 6.27%. The firm’s quarterly revenue was up 1.
2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.26 earnings per share.
Analysts expect that Constellation Brands, Inc. will post 13.5 EPS for the current year.
Constellation Brands Increases Dividend The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Tuesday, April 29th will be paid a dividend of $1.02 per share.
The ex-dividend date is Tuesday, April 29th. This is an increase from Constellation Brands’s previous quarterly dividend of $1.01.
This represents a $4.08 annualized dividend and a dividend yield of 2.19%.
Constellation Brands’s dividend payout ratio (DPR) is currently -800.00%. Constellation Brands Profile ( Free Report ) 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. Featured Stories Receive News & Ratings for Constellation Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Constellation Brands and related companies with MarketBeat.com's FREE daily email newsletter .
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