Oxford Asset Management LLP Acquires Shares of 3,142 Constellation Brands, Inc. (NYSE:STZ)

Oxford Asset Management LLP bought a new stake in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 3,142 shares of the company's stock, valued at approximately $694,000.

Other institutional investors also recently modified their holdings of the company. Mainstream Capital Management LLC acquired a new stake in shares of Constellation Brands during the 4th quarter valued at $25,000. SBI Securities Co. Ltd. acquired a new stake in shares of Constellation Brands during the 4th quarter valued at $26,000. Compagnie Lombard Odier SCmA acquired a new stake in shares of Constellation Brands in the 4th quarter valued at $27,000. Union Bancaire Privee UBP SA acquired a new stake in shares of Constellation Brands in the 4th quarter valued at $28,000. Finally, Versant Capital Management Inc lifted its stake 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 valued at $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.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on STZ shares. Piper Sandler lowered shares of Constellation Brands from an "overweight" rating to a "neutral" rating and reduced their price objective for the company from $245.00 to $200.00 in a research note on Monday, February 3rd. Needham & Company LLC reaffirmed a "buy" rating and issued a $215.00 price objective on shares of Constellation Brands in a research note on Thursday, April 10th. Truist Financial reduced their price objective on shares of Constellation Brands from $255.00 to $190.00 and set a "hold" rating for the company in a research note on Tuesday, January 14th. Barclays upped their price target on shares of Constellation Brands from $203.00 to $207.00 and gave the company an "overweight" rating in a report on Monday, April 14th. Finally, Evercore ISI cut their price objective on Constellation Brands from $300.00 to $250.00 and set an "outperform" rating for the company in a research report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Constellation Brands has an average rating of "Hold" and an average target price of $224.42.

Constellation Brands Price Performance

Shares of STZ traded up $0.45 during mid-day trading on Tuesday, reaching $186.20. The company had a trading volume of 1,420,931 shares, compared to its average volume of 1,714,443. Constellation Brands, Inc. has a twelve month low of $160.46 and a twelve month high of $265.70. 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 company's 50-day moving average is $181.15 and its 200-day moving average is $203.97. The company has a market capitalization of $33.65 billion, a P/E ratio of 50.05, a P/E/G ratio of 1.52 and a beta of 1.75.

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

Constellation Brands Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Tuesday, April 29th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.19%. This is a boost from Constellation Brands's previous quarterly dividend of $1.01. The ex-dividend date of this dividend is Tuesday, April 29th. Constellation Brands's dividend payout ratio (DPR) is currently -800.00%.

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.