Landing Point Financial Group LLC Invests $347,000 in Constellation Brands, Inc. (NYSE:STZ)

Landing Point Financial Group LLC bought a new stake in Constellation Brands, Inc. (NYSE:STZ - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,572 shares of the company's stock, valued at approximately $347,000.

Other hedge funds have also made changes to their positions in the company. World Investment Advisors LLC increased its stake in Constellation Brands by 36.6% during the third quarter. World Investment Advisors LLC now owns 2,550 shares of the company's stock worth $657,000 after acquiring an additional 683 shares during the last quarter. Arvest Bank Trust Division acquired a new stake in shares of Constellation Brands during the 3rd quarter worth about $243,000. Wilmington Savings Fund Society FSB raised its holdings in Constellation Brands by 260.7% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 20,495 shares of the company's stock valued at $5,281,000 after buying an additional 14,813 shares during the period. Oddo BHF Asset Management Sas acquired a new position in Constellation Brands in the third quarter valued at about $223,000. Finally, Copley Financial Group Inc. acquired a new position in Constellation Brands in the third quarter valued at about $455,000. Hedge funds and other institutional investors own 77.34% of the company's stock.

Constellation Brands Stock Up 0.2 %

STZ stock traded up $0.29 during trading on Wednesday, hitting $187.29. 1,915,744 shares of the company's stock were exchanged, compared to its average volume of 1,704,539. 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 business has a 50-day moving average price of $179.57 and a two-hundred day moving average price of $205.74. The stock has a market capitalization of $33.85 billion, a price-to-earnings ratio of 50.35, a PEG ratio of 1.52 and a beta of 1.75. Constellation Brands, Inc. has a 52-week low of $160.46 and a 52-week high of $265.70.

Constellation Brands (NYSE:STZ - Get Free Report) last posted its quarterly earnings data on Wednesday, April 9th. The company reported $2.63 EPS for the quarter, beating analysts' consensus estimates of $2.28 by $0.35. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The company had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same period in the previous year, the business posted $2.26 earnings per share. Constellation Brands's quarterly revenue was up 1.2% on a year-over-year basis. As a group, equities research analysts expect that Constellation Brands, Inc. will post 13.5 EPS for the current year.

Constellation Brands Increases Dividend

The business also recently declared 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 of this dividend is Tuesday, April 29th. This is a boost from Constellation Brands's previous quarterly dividend of $1.01. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.18%. Constellation Brands's dividend payout ratio is -800.00%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on STZ. Morgan Stanley reduced their price target on shares of Constellation Brands from $202.00 to $195.00 and set an "equal weight" rating on the stock in a research note on Friday, April 11th. TD Cowen lowered their price target on Constellation Brands from $270.00 to $260.00 and set a "hold" rating for the company in a research report on Wednesday, January 8th. Wells Fargo & Company cut their price objective on Constellation Brands from $230.00 to $210.00 and set an "overweight" rating on the stock in a report on Wednesday, April 2nd. Needham & Company LLC restated a "buy" rating and set a $215.00 target price on shares of Constellation Brands in a report on Thursday, April 10th. Finally, Piper Sandler lowered shares of Constellation Brands from an "overweight" rating to a "neutral" rating and cut their price target for the stock from $245.00 to $200.00 in a research note on Monday, February 3rd. One research 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. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $224.42.

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.