Wexford Capital LP acquired a new stake in Constellation Brands, Inc. (NYSE: STZ – Get Rating) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,006 shares of the company stock, valued at approximately $ 252,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Accurate Wealth Management LLC increased its position in shares of Constellation Brands by 38.7% in the 4th quarter. Accurate Wealth Management LLC now owns 154 shares of the company stock valued at $ 258,000 after buying an additional 43 shares in the last quarter. Daiwa Securities Group Inc. increased its position in shares of Constellation Brands by 0.5% in the 4th quarter. Daiwa Securities Group Inc. now owns 9,795 shares of the company stock valued at $ 2,458,000 after buying an additional 46 shares in the last quarter. Avantax Planning Partners Inc. increased its position in shares of Constellation Brands by 2.9% in the 4th quarter. Avantax Planning Partners Inc. now owns 1,746 shares of the company stock valued at $ 438,000 after buying an additional 49 shares in the last quarter. Weybosset Research & Management LLC increased its position in shares of Constellation Brands by 3.2% in the 4th quarter. Weybosset Research & Management LLC now owns 1,625 shares of the company stock valued at $ 408,000 after buying an additional 50 shares in the last quarter. Finally, Meridian Wealth Management LLC increased its holdings in Constellation Brands by 2.7% during the 4th quarter. Meridian Wealth Management LLC now owns 1,871 shares of the company stock worth $ 470,000 after purchasing an additional 50 shares in the last quarter. Institutional investors and hedge funds own 74.99% of the company stock.
In other news, Director Jeremy SG Fowden sold 7,574 shares of the firm’s stock in a transaction that occurred on Friday, April 8th. The shares were sold at an average price of $ 240.38, for a total transaction of $ 1,820,638.12. Following the transaction, the director now directly owns 18,501 shares of the company stock, valued at $ 4,447,270.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Thomas Michael Kane sold 1,601 shares of the firm’s stock in a transaction that occurred on Tuesday, April 12th. The stock was sold at an average price of $ 249.34, for a total transaction of $ 399,193.34. Following the transaction, the executive vice president now directly owns 4,692 shares in the company, valued at $ 1,169,903.28. The disclosure for this sale can be found here. Insiders have sold 25,822 shares of company stock valued at $ 6,451,256 over the last 90 days. Company insiders own 16.19% of the company stock.
STZ has been the subject of a number of research reports. Truist Financial increased their target price on Constellation Brands from $ 213.00 to $ 245.00 and gave the stock a “hold” rating in a report on Friday, April 8th. Deutsche Bank Aktiengesellschaft increased their target price on Constellation Brands from $ 240.00 to $ 250.00 and gave the stock a “hold” rating in a report on Friday, April 8th. Wells Fargo & Company increased their target price on Constellation Brands from $ 275.00 to $ 280.00 and gave the stock an “overweight” rating in a report on Wednesday, June 8th. TheStreet upgraded Constellation Brands from a “c +” rating to a “b-” rating in a report on Thursday, April 28th. Finally, StockNews.com downgraded shares of Constellation Brands from a “buy” rating to a “hold” rating in a research note on Thursday, June 9th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Constellation Brands presently has a consensus rating of “Buy” and a consensus price target of $ 270.13.
Shares of NYSE: STZ opened at $ 227.70 on Friday. Constellation Brands, Inc. has a 52-week low of $ 207.35 and a 52-week high of $ 261.52. The company has a market capitalization of $ 42.86 billion, a P / E ratio of -1,265.00, a price-to-earnings-growth ratio of 1.91 and a beta of 1.06. The company has a 50-day simple moving average of $ 244.96 and a 200 day simple moving average of $ 237.28. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.65 and a current ratio of 1.23.
Constellation Brands (NYSE: STZ – Get Rating) last issued its quarterly earnings data on Thursday, April 7th. The company reported $ 2.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $ 2.15 by $ 0.22. The firm had revenue of $ 2.10 billion during the quarter, compared to the consensus estimate of $ 2.02 billion. Constellation Brands had a negative net margin of 0.42% and a positive return on equity of 16.43%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the business posted $ 1.82 earnings per share. As a group, equities analysts forecast that Constellation Brands, Inc. will post 11.18 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 19th. Shareholders of record on Thursday, May 5th were given a dividend of $ 0.80 per share. The ex-dividend date was Wednesday, May 4th. This is an increase from Constellation Brands’s previous quarterly dividend of $ 0.14. This represents a $ 3.20 annualized dividend and a yield of 1.41%. Constellation Brands’s dividend payout ratio (DPR) is -516.67%.
About Constellation Brands: (Get Rating)
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. It provides beer primarily under the Corona Extra, Corona Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands.
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