Oak Thistle LLC Acquires New Position in Constellation Brands, Inc. (NYSE:STZ)

Oak Thistle LLC bought a new position in Constellation Brands, Inc. (NYSE:STZ - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,133 shares of the company's stock, valued at approximately $692,000.

A number of other institutional investors have also modified their holdings of the company. Oakworth Capital Inc. grew its stake in Constellation Brands by 4.4% during the 3rd quarter. Oakworth Capital Inc. now owns 989 shares of the company's stock worth $255,000 after buying an additional 42 shares during the last quarter. PFG Investments LLC boosted its holdings in Constellation Brands by 3.8% in the third quarter. PFG Investments LLC now owns 1,150 shares of the company's stock worth $296,000 after acquiring an additional 42 shares in the last quarter. Brighton Jones LLC grew its stake in shares of Constellation Brands by 4.7% during the second quarter. Brighton Jones LLC now owns 950 shares of the company's stock worth $244,000 after acquiring an additional 43 shares during the last quarter. Metis Global Partners LLC increased its holdings in shares of Constellation Brands by 0.8% during the third quarter. Metis Global Partners LLC now owns 5,570 shares of the company's stock valued at $1,435,000 after acquiring an additional 46 shares in the last quarter. Finally, Rosenberg Matthew Hamilton raised its position in shares of Constellation Brands by 6.2% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 858 shares of the company's stock valued at $221,000 after purchasing an additional 50 shares during the last quarter. 77.34% of the stock is currently owned by institutional investors.

Constellation Brands Price Performance

STZ stock traded up $3.94 during mid-day trading on Thursday, reaching $184.66. 3,348,701 shares of the company's stock were exchanged, compared to its average volume of 3,248,340. The company has a market cap of $33.53 billion, a price-to-earnings ratio of 49.64, a price-to-earnings-growth ratio of 1.28 and a beta of 0.91. Constellation Brands, Inc. has a 12-month low of $176.51 and a 12-month high of $274.87. The stock's 50 day moving average is $228.73 and its 200 day moving average is $239.85. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.25 and a quick ratio of 0.53.

Constellation Brands (NYSE:STZ - Get Free Report) last released its quarterly earnings results on Friday, January 10th. The company reported $3.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.33 by ($0.08). The company had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.53 billion. Constellation Brands had a net margin of 5.29% and a return on equity of 25.34%. Constellation Brands's revenue was down .3% compared to the same quarter last year. During the same period in the prior year, the business posted $3.19 EPS. On average, research analysts expect that Constellation Brands, Inc. will post 13.72 EPS for the current year.

Constellation Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a dividend of $1.01 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.04 annualized dividend and a dividend yield of 2.19%. Constellation Brands's dividend payout ratio (DPR) is presently 108.60%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on STZ. BMO Capital Markets cut their price target on shares of Constellation Brands from $315.00 to $305.00 and set an "outperform" rating on the stock in a research note on Tuesday, October 15th. Piper Sandler lowered their price target on Constellation Brands from $300.00 to $245.00 and set an "overweight" rating for the company in a research report on Monday. Roth Mkm reiterated a "buy" rating and set a $298.00 price target on shares of Constellation Brands in a research note on Friday, October 4th. Royal Bank of Canada restated an "outperform" rating and issued a $308.00 price objective on shares of Constellation Brands in a research note on Tuesday, January 7th. Finally, Wells Fargo & Company dropped their target price on Constellation Brands from $295.00 to $275.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 7th. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $261.40.

Insider Activity at Constellation Brands

In related news, major shareholder Wildstar Partners Llc sold 660 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $241.00, for a total value of $159,060.00. Following the completion of the transaction, the insider now directly owns 1,736,884 shares of the company's stock, valued at approximately $418,589,044. This represents a 0.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William A. Newlands sold 7,426 shares of the firm's stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $237.24, for a total value of $1,761,744.24. Following the completion of the transaction, the chief executive officer now owns 7,274 shares in the company, valued at $1,725,683.76. The trade was a 50.52 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 69,172 shares of company stock valued at $16,778,841. 12.19% of the stock is owned by corporate insiders.

Constellation Brands Company Profile

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.