2,563 Shares in Constellation Brands, Inc. (NYSE:STZ) Bought by Canada Post Corp Registered Pension Plan

Canada Post Corp Registered Pension Plan acquired a new stake in shares of Constellation Brands, Inc. (NYSE:STZ) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,563 shares of the company’s stock, valued at approximately $566,000.

A number of other hedge funds also recently bought and sold shares of STZ. Belpointe Asset Management LLC raised its stake in shares of Constellation Brands by 9.8% in the fourth 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 during the last quarter. CreativeOne Wealth LLC raised its stake in Constellation Brands by 20.2% in the 4th quarter. CreativeOne Wealth LLC now owns 2,635 shares of the company’s stock valued at $582,000 after purchasing an additional 443 shares during the last quarter. Mariner LLC lifted its stake in shares of Constellation Brands by 1.2% in the fourth quarter. Mariner LLC now owns 34,833 shares of the company’s stock worth $7,698,000 after buying an additional 405 shares in the last quarter. Optimize Financial Inc purchased a new position in Constellation Brands during the fourth quarter worth approximately $421,000. Finally, Black Cypress Capital Management LLC purchased a new stake in shares of Constellation Brands in the fourth quarter valued at about $239,000. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Constellation Brands Stock Performance

Shares of STZ stock opened at $183.81 on Wednesday. The firm has a market capitalization of $33.22 billion, a price-to-earnings ratio of 49.41, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75. The company has a 50 day moving average price of $177.41 and a 200 day moving average price of $208.04. Constellation Brands, Inc. has a one year low of $160.46 and a one year high of $265.70. 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) last released its quarterly earnings data on Wednesday, April 9th. The company reported $2.63 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 the consensus estimate of $2.14 billion. During the same period in the prior year, the firm posted $2.26 EPS. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. Sell-side analysts anticipate that Constellation Brands, Inc. will post 13.5 EPS for the current year.

Constellation Brands Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Tuesday, April 29th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Tuesday, April 29th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.22%. This is a boost from Constellation Brands’s previous quarterly dividend of $1.01. Constellation Brands’s payout ratio is presently -800.00%.

Insider Buying and Selling

In other Constellation Brands news, Director William T. Giles acquired 1,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the director now directly owns 1,463 shares of the company’s stock, valued at approximately $272,688.57. The trade was a 215.98 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 12.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on STZ shares. Barclays raised their target price on Constellation Brands from $203.00 to $207.00 and gave the company an “overweight” rating in a report on Monday. Citigroup lowered their price target on shares of Constellation Brands from $200.00 to $190.00 and set a “neutral” rating on the stock in a research note on Friday, April 11th. Morgan Stanley cut their price target on Constellation Brands from $202.00 to $195.00 and set an “equal weight” rating for the company in a research note on Friday, April 11th. Piper Sandler cut Constellation Brands from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $245.00 to $200.00 in a report on Monday, February 3rd. Finally, Roth Mkm cut their price target on Constellation Brands from $284.00 to $256.00 and set a “buy” rating for the company in a report on Thursday, April 3rd. Eleven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $224.42.

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.