Lecap Asset Management Ltd. Invests $1.84 Million in Constellation Brands, Inc. (NYSE:STZ)

Lecap Asset Management Ltd. acquired a new position in shares of Constellation Brands, Inc. (NYSE:STZ) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 8,308 shares of the company’s stock, valued at approximately $1,836,000.

Other large investors also recently modified their holdings of the company. Union Bancaire Privee UBP SA bought a new position in shares of Constellation Brands in the 4th quarter worth $28,000. Versant Capital Management Inc lifted its holdings 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 worth $35,000 after purchasing an additional 142 shares in the last quarter. Eastern Bank bought a new position in shares of Constellation Brands in the 3rd quarter worth $39,000. FSA Wealth Management LLC bought a new position in shares of Constellation Brands in the 3rd quarter worth $42,000. Finally, Truvestments Capital LLC bought a new position in shares of Constellation Brands in the 3rd quarter worth $60,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

Constellation Brands Stock Down 1.2 %

STZ stock opened at $170.83 on Friday. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $30.87 billion, a PE ratio of 45.92, a PEG ratio of 1.59 and a beta of 0.90. Constellation Brands, Inc. has a twelve month low of $166.02 and a twelve month high of $274.87. The stock has a 50-day simple moving average of $210.28 and a two-hundred day simple moving average of $231.88.

Constellation Brands (NYSE:STZ) last posted its earnings results on Friday, January 10th. The company reported $3.25 earnings per share for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.08). The company had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.53 billion. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The firm’s quarterly revenue was down .3% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.19 EPS. On average, equities analysts predict that Constellation Brands, Inc. will post 13.52 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be issued a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 2.36%. The ex-dividend date is Friday, February 7th. Constellation Brands’s payout ratio is 108.60%.

Insider Transactions at Constellation Brands

In other Constellation Brands news, CEO William A. Newlands sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $243.58, for a total value of $6,089,500.00. Following the completion of the sale, the chief executive officer now owns 7,274 shares in the company, valued at approximately $1,771,800.92. The trade was a 77.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP James A. Jr. Sabia sold 36,086 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $242.99, for a total value of $8,768,537.14. Following the completion of the sale, the executive vice president now owns 16,042 shares of the company’s stock, valued at $3,898,045.58. The trade was a 69.23 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 61,746 shares of company stock valued at $15,017,097. 12.19% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

STZ has been the topic of several recent analyst reports. Evercore ISI dropped their price objective on Constellation Brands from $300.00 to $250.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. Wells Fargo & Company dropped their price objective on Constellation Brands from $295.00 to $275.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Needham & Company LLC restated a “buy” rating and set a $240.00 price objective on shares of Constellation Brands in a research note on Monday, January 27th. Truist Financial dropped their price objective on Constellation Brands from $255.00 to $190.00 and set a “hold” rating on the stock in a research note on Tuesday, January 14th. Finally, Barclays dropped their price objective on Constellation Brands from $282.00 to $214.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $254.29.

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.