Oder Investment Management LLC Decreases Holdings in Constellation Brands, Inc. (NYSE:STZ)

Oder Investment Management LLC trimmed its position in Constellation Brands, Inc. (NYSE:STZ - Free Report) by 62.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,243 shares of the company's stock after selling 2,025 shares during the period. Oder Investment Management LLC's holdings in Constellation Brands were worth $275,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Mainstream Capital Management LLC acquired a new stake in shares of Constellation Brands in the fourth quarter worth approximately $25,000. SBI Securities Co. Ltd. purchased a new position in Constellation Brands in the 4th quarter valued at $26,000. Compagnie Lombard Odier SCmA acquired a new stake in Constellation Brands during the 4th quarter worth $27,000. Union Bancaire Privee UBP SA purchased a new stake in shares of Constellation Brands during the fourth quarter worth $28,000. Finally, Versant Capital Management Inc grew its holdings in shares of Constellation Brands by 887.5% during the fourth quarter. Versant Capital Management Inc now owns 158 shares of the company's stock worth $35,000 after buying an additional 142 shares in the last quarter. 77.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Piper Sandler lowered shares of Constellation Brands from an "overweight" rating to a "neutral" rating and lowered their price target for the stock from $245.00 to $200.00 in a research report on Monday, February 3rd. Needham & Company LLC reissued a "buy" rating and issued a $215.00 target price on shares of Constellation Brands in a research note on Thursday. Barclays upped their price target on Constellation Brands from $203.00 to $207.00 and gave the company an "overweight" rating in a research report on Monday. StockNews.com raised Constellation Brands from a "sell" rating to a "hold" rating in a report on Wednesday, April 9th. Finally, BMO Capital Markets lowered their price objective on Constellation Brands from $260.00 to $215.00 and set an "outperform" rating on the stock in a research note on Friday. Eleven analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $228.50.

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Insider Buying and Selling

In other Constellation Brands news, Director William T. Giles purchased 1,000 shares of the firm's stock in a transaction on Friday, January 17th. The stock was bought at an average price of $186.39 per share, with a total value of $186,390.00. Following the transaction, the director now directly owns 1,463 shares of the company's stock, valued at approximately $272,688.57. This represents a 215.98 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 12.19% of the stock is owned by insiders.

Constellation Brands Trading Up 1.0 %

Shares of NYSE:STZ traded up $1.78 during mid-day trading on Monday, reaching $187.41. 2,025,205 shares of the company were exchanged, compared to its average volume of 1,694,562. The firm has a market cap of $33.87 billion, a price-to-earnings ratio of 50.38, a P/E/G ratio of 1.52 and a beta of 1.75. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46. Constellation Brands, Inc. has a 1 year low of $160.46 and a 1 year high of $265.70. The firm's 50-day simple moving average is $177.15 and its 200 day simple moving average is $208.21.

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

Constellation Brands Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Tuesday, April 29th will be issued a $1.02 dividend. The ex-dividend date is Tuesday, April 29th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.18%. This is a boost from Constellation Brands's previous quarterly dividend of $1.01. Constellation Brands's payout ratio is -792.16%.

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.