Alpha Family Trust Takes $332,000 Position in Constellation Brands, Inc. (NYSE:STZ)

Alpha Family Trust bought a new position in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,500 shares of the company's stock, valued at approximately $332,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Van ECK Associates Corp grew its position in shares of Constellation Brands by 1,844.7% during the fourth quarter. Van ECK Associates Corp now owns 924,274 shares of the company's stock worth $204,265,000 after buying an additional 876,745 shares in the last quarter. Copperleaf Capital LLC purchased a new position in Constellation Brands in the fourth quarter worth approximately $343,000. Grimes & Company Inc. acquired a new position in Constellation Brands during the 4th quarter worth approximately $6,099,000. Empowered Funds LLC increased its position in shares of Constellation Brands by 62.8% in the 4th quarter. Empowered Funds LLC now owns 16,575 shares of the company's stock valued at $3,663,000 after purchasing an additional 6,391 shares during the last quarter. Finally, Southern Style Financial Inc. acquired a new stake in shares of Constellation Brands in the 4th quarter valued at $3,074,000. 77.34% of the stock is owned by institutional investors and hedge funds.

Constellation Brands Stock Up 0.9 %

STZ opened at $187.05 on Friday. Constellation Brands, Inc. has a 52 week low of $160.46 and a 52 week high of $265.70. The business has a 50 day moving average price of $181.96 and a two-hundred day moving average price of $202.93. 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 company has a market cap of $33.81 billion, a PE ratio of 50.28, a P/E/G ratio of 1.52 and a beta of 1.75.

Constellation Brands (NYSE:STZ - Get Free Report) last released its quarterly earnings results on Wednesday, April 9th. The company reported $2.63 EPS for the quarter, topping the consensus estimate 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 quarter in the prior year, the business earned $2.26 earnings per share. The company's quarterly revenue was up 1.2% compared to the same quarter last year. As a group, research 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 $1.02 dividend. This is an increase from Constellation Brands's previous quarterly dividend of $1.01. The ex-dividend date of this dividend is Tuesday, April 29th. This represents a $4.08 annualized dividend and a dividend yield of 2.18%. Constellation Brands's payout ratio is presently -800.00%.

Analysts Set New Price Targets

Several research firms recently commented on STZ. Truist Financial dropped their target price on Constellation Brands from $255.00 to $190.00 and set a "hold" rating on the stock in a report on Tuesday, January 14th. Barclays raised their target price on Constellation Brands from $203.00 to $207.00 and gave the stock an "overweight" rating in a research report on Monday, April 14th. The Goldman Sachs Group lowered their price target on Constellation Brands from $260.00 to $225.00 and set a "buy" rating for the company in a report on Friday, April 11th. Royal Bank of Canada cut their price objective on shares of Constellation Brands from $289.00 to $233.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Finally, UBS Group lowered their target price on shares of Constellation Brands from $265.00 to $223.00 and set a "buy" rating for the company in a report on Friday, January 17th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $224.42.

Constellation Brands 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.

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