Epoch Investment Partners Inc. decreased its holdings in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 29.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 240,297 shares of the company's stock after selling 99,807 shares during the quarter. Epoch Investment Partners Inc. owned about 0.13% of Constellation Brands worth $53,106,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Mainstream Capital Management LLC acquired a new position in Constellation Brands during the 4th quarter worth approximately $25,000. SBI Securities Co. Ltd. bought a new position in Constellation Brands during the 4th quarter valued at $26,000. Compagnie Lombard Odier SCmA acquired a new position in Constellation Brands during the 4th quarter worth $27,000. Union Bancaire Privee UBP SA acquired a new position in Constellation Brands during the 4th quarter worth $28,000. Finally, Versant Capital Management Inc increased its position in shares of Constellation Brands by 887.5% in the 4th quarter. Versant Capital Management Inc now owns 158 shares of the company's stock worth $35,000 after purchasing an additional 142 shares during the last quarter. Institutional investors and hedge funds own 77.34% of the company's stock.
Constellation Brands Price Performance
Shares of STZ traded up $0.28 during mid-day trading on Thursday, hitting $187.56. The company's stock had a trading volume of 1,586,895 shares, compared to its average volume of 2,792,310. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46. The firm has a 50-day moving average price of $180.06 and a 200 day moving average price of $205.62. Constellation Brands, Inc. has a fifty-two week low of $160.46 and a fifty-two week high of $265.70. The stock has a market capitalization of $33.90 billion, a price-to-earnings ratio of 50.42, a PEG ratio of 1.52 and a beta of 1.75.
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, topping the consensus estimate of $2.28 by $0.35. The firm had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.14 billion. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. 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 posted $2.26 earnings per share. On average, research analysts predict that Constellation Brands, Inc. will post 13.5 EPS for the current fiscal year.
Constellation Brands Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Tuesday, April 29th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Tuesday, April 29th. This is a positive change from Constellation Brands's previous quarterly dividend of $1.01. This represents a $4.08 dividend on an annualized basis and a yield of 2.18%. Constellation Brands's dividend payout ratio is currently -800.00%.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on STZ. Piper Sandler downgraded Constellation Brands from an "overweight" rating to a "neutral" rating and decreased their price target for the stock from $245.00 to $200.00 in a research note on Monday, February 3rd. Roth Mkm decreased their target price on Constellation Brands from $284.00 to $256.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. JPMorgan Chase & Co. reduced their price target on shares of Constellation Brands from $203.00 to $194.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Wells Fargo & Company dropped their price objective on shares of Constellation Brands from $230.00 to $210.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 2nd. Finally, TD Cowen cut their target price on shares of Constellation Brands from $270.00 to $260.00 and set a "hold" rating on the stock in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, ten have given a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $224.42.
Check Out Our Latest Stock Analysis on STZ
About Constellation Brands
(
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.
Further Reading
Before you consider Constellation Brands, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Constellation Brands wasn't on the list.
While Constellation Brands currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
