Bridgefront Capital LLC Invests $911,000 in Constellation Brands, Inc. (NYSE:STZ)

Bridgefront Capital LLC purchased a new position in Constellation Brands, Inc. (NYSE:STZ - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,122 shares of the company's stock, valued at approximately $911,000.

Other hedge funds also recently modified their holdings of the company. Allworth Financial LP increased its holdings in Constellation Brands by 0.8% in the 4th quarter. Allworth Financial LP now owns 7,357 shares of the company's stock valued at $1,626,000 after buying an additional 59 shares during the period. BSW Wealth Partners increased its stake in Constellation Brands by 4.2% in the fourth quarter. BSW Wealth Partners now owns 1,563 shares of the company's stock valued at $345,000 after acquiring an additional 63 shares during the last quarter. Philip James Wealth Mangement LLC raised its position in Constellation Brands by 8.0% during the fourth quarter. Philip James Wealth Mangement LLC now owns 923 shares of the company's stock valued at $204,000 after purchasing an additional 68 shares in the last quarter. Oak Asset Management LLC lifted its stake in Constellation Brands by 0.4% during the fourth quarter. Oak Asset Management LLC now owns 17,611 shares of the company's stock worth $3,892,000 after purchasing an additional 71 shares during the last quarter. Finally, Barden Capital Management Inc. increased its stake in shares of Constellation Brands by 1.3% in the 4th quarter. Barden Capital Management Inc. now owns 5,574 shares of the company's stock valued at $1,232,000 after purchasing an additional 72 shares during the last quarter. Institutional investors own 77.34% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Evercore ISI dropped their price objective on Constellation Brands from $300.00 to $250.00 and set an "outperform" rating for the company in a research report on Monday, January 13th. Barclays raised their price target on shares of Constellation Brands from $203.00 to $207.00 and gave the company an "overweight" rating in a research note on Monday, April 14th. Wells Fargo & Company lowered their price objective on shares of Constellation Brands from $230.00 to $210.00 and set an "overweight" rating for the company in a research report on Wednesday, April 2nd. JPMorgan Chase & Co. cut their target price on shares of Constellation Brands from $203.00 to $194.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Finally, UBS Group lowered their price target 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 analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $225.74.

Constellation Brands Stock Performance

Shares of NYSE STZ traded up $1.61 during midday trading on Thursday, reaching $191.40. The company's stock had a trading volume of 1,430,353 shares, compared to its average volume of 1,726,757. The stock has a market capitalization of $34.07 billion, a P/E ratio of 51.45, a PEG ratio of 1.52 and a beta of 1.75. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46. The firm has a 50 day moving average price of $182.70 and a 200-day moving average price of $201.82. Constellation Brands, Inc. has a 12-month low of $160.46 and a 12-month high of $265.70.

Constellation Brands (NYSE:STZ - Get Free Report) last announced its earnings results 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 firm had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.14 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The business's revenue was up 1.2% compared to the same quarter last year. During the same period last year, the firm posted $2.26 EPS. As a group, equities analysts predict that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Tuesday, April 29th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Tuesday, April 29th. This represents a $4.08 annualized dividend and a dividend yield of 2.13%. This is a positive change from Constellation Brands's previous quarterly dividend of $1.01. Constellation Brands's dividend payout ratio (DPR) is presently -800.00%.

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.