XTX Topco Ltd Decreases Stock Position in Constellation Brands, Inc. (NYSE:STZ)

XTX Topco Ltd trimmed its holdings in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 73.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,449 shares of the company's stock after selling 4,037 shares during the period. XTX Topco Ltd's holdings in Constellation Brands were worth $320,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Belpointe Asset Management LLC boosted its stake in Constellation Brands by 9.8% in the 4th quarter. Belpointe Asset Management LLC now owns 11,228 shares of the company's stock worth $2,703,000 after purchasing an additional 1,002 shares in the last quarter. CreativeOne Wealth LLC grew its holdings in shares of Constellation Brands by 20.2% during the fourth quarter. CreativeOne Wealth LLC now owns 2,635 shares of the company's stock valued at $582,000 after buying an additional 443 shares during the last quarter. Mariner LLC increased its position in shares of Constellation Brands by 1.2% during the fourth quarter. Mariner LLC now owns 34,833 shares of the company's stock valued at $7,698,000 after acquiring an additional 405 shares in the last quarter. Optimize Financial Inc bought a new position in Constellation Brands in the 4th quarter valued at approximately $421,000. Finally, Black Cypress Capital Management LLC purchased a new stake in Constellation Brands during the 4th quarter valued at $239,000. Hedge funds and other institutional investors own 77.34% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. TD Cowen dropped their price objective on Constellation Brands from $270.00 to $260.00 and set a "hold" rating on the stock in a research report on Wednesday, January 8th. JPMorgan Chase & Co. reduced their price target on shares of Constellation Brands from $203.00 to $194.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Roth Mkm lowered their price objective on shares of Constellation Brands from $284.00 to $256.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. Piper Sandler downgraded shares of Constellation Brands from an "overweight" rating to a "neutral" rating and cut their target price for the stock from $245.00 to $200.00 in a research report on Monday, February 3rd. Finally, BMO Capital Markets lowered their price target on Constellation Brands from $260.00 to $215.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. One research 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. Based on data from MarketBeat, Constellation Brands currently has a consensus rating of "Hold" and an average price target of $224.42.

Constellation Brands Stock Up 0.9 %

NYSE STZ traded up $1.62 on Tuesday, reaching $186.35. 590,667 shares of the stock traded hands, compared to its average volume of 1,706,819. Constellation Brands, Inc. has a 12 month low of $160.46 and a 12 month high of $265.70. The company has a market cap of $33.68 billion, a price-to-earnings ratio of 50.12, a PEG ratio of 1.52 and a beta of 1.75. The company has a fifty day moving average price of $181.15 and a 200-day moving average price of $203.97. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 1.10.

Constellation Brands (NYSE:STZ - Get Free Report) last issued its quarterly earnings data on Wednesday, April 9th. The company reported $2.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.28 by $0.35. The company 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%. Constellation Brands's revenue was up 1.2% compared to the same quarter last year. During the same period last year, the company posted $2.26 earnings per share. As a group, research analysts forecast that Constellation Brands, Inc. will post 13.5 EPS for the current fiscal year.

Constellation Brands Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Tuesday, April 29th will be issued a $1.02 dividend. 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 2.19%. The ex-dividend date of this dividend is Tuesday, April 29th. Constellation Brands's dividend payout ratio (DPR) is currently -800.00%.

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.