Corps Capital Advisors LLC Invests $552,000 in Constellation Brands, Inc. (NYSE:STZ)

Corps Capital Advisors LLC bought a new stake in Constellation Brands, Inc. (NYSE:STZ - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,500 shares of the company's stock, valued at approximately $552,000.

Other institutional investors also recently added to or reduced their stakes in the company. Ieq Capital LLC raised its stake in Constellation Brands by 248.6% in the fourth quarter. Ieq Capital LLC now owns 9,734 shares of the company's stock valued at $2,151,000 after buying an additional 6,942 shares in the last quarter. Bryn Mawr Capital Management LLC boosted its stake in Constellation Brands by 75.5% in the fourth quarter. Bryn Mawr Capital Management LLC now owns 72,133 shares of the company's stock valued at $15,941,000 after acquiring an additional 31,036 shares in the last quarter. ICICI Prudential Asset Management Co Ltd purchased a new position in Constellation Brands during the 4th quarter worth approximately $4,420,000. Callahan Advisors LLC increased its holdings in shares of Constellation Brands by 77.5% in the 4th quarter. Callahan Advisors LLC now owns 1,438 shares of the company's stock valued at $318,000 after acquiring an additional 628 shares during the period. Finally, Mcdonald Partners LLC boosted its stake in shares of Constellation Brands by 7.4% during the fourth quarter. Mcdonald Partners LLC now owns 6,135 shares of the company's stock worth $1,356,000 after buying an additional 423 shares during the period. Hedge funds and other institutional investors own 77.34% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on STZ. Needham & Company LLC restated a "buy" rating and set a $240.00 target price on shares of Constellation Brands in a research report on Monday, January 27th. Jefferies Financial Group reiterated a "hold" rating and issued a $201.00 price objective (down from $310.00) on shares of Constellation Brands in a research report on Monday, January 13th. UBS Group lowered their price objective on shares of Constellation Brands from $265.00 to $223.00 and set a "buy" rating on the stock in a research note on Friday, January 17th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $203.00 price target (down from $262.00) on shares of Constellation Brands in a research report on Monday, January 13th. Finally, Piper Sandler downgraded Constellation Brands from an "overweight" rating to a "neutral" rating and cut their price objective for the stock from $245.00 to $200.00 in a research report on Monday, February 3rd. Ten investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $254.29.

Constellation Brands Stock Up 2.1 %

NYSE STZ traded up $3.68 during trading hours on Friday, reaching $176.01. 2,232,820 shares of the company traded hands, compared to its average volume of 2,876,845. The stock has a market capitalization of $31.81 billion, a PE ratio of 47.28, a PEG ratio of 1.52 and a beta of 0.90. Constellation Brands, Inc. has a 12 month low of $160.46 and a 12 month high of $274.87. The company has a 50 day moving average of $195.56 and a two-hundred day moving average of $226.30. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26.

Constellation Brands (NYSE:STZ - Get Free Report) last issued its earnings results on Friday, January 10th. The company reported $3.25 EPS for the quarter, missing the consensus estimate of $3.33 by ($0.08). Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The firm had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.53 billion. During the same quarter in the previous year, the business posted $3.19 EPS. Constellation Brands's revenue was down .3% compared to the same quarter last year. As a group, equities analysts expect that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be paid a $1.01 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.04 annualized dividend and a dividend yield of 2.30%. Constellation Brands's payout ratio is 108.60%.

Insider Activity at Constellation Brands

In related news, Director William T. Giles purchased 1,000 shares of the company's stock in a transaction on Friday, January 17th. The shares were bought at an average cost of $186.39 per share, for a total transaction of $186,390.00. Following the transaction, the director now owns 1,463 shares of the company's stock, valued at $272,688.57. This represents a 215.98 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 12.19% of the company's stock.

About Constellation Brands

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.