MGO One Seven LLC Sells 3,137 Shares of Constellation Brands, Inc. (NYSE:STZ)

MGO One Seven LLC trimmed its stake in Constellation Brands, Inc. (NYSE:STZ - Free Report) by 60.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,047 shares of the company's stock after selling 3,137 shares during the quarter. MGO One Seven LLC's holdings in Constellation Brands were worth $452,000 as of its most recent SEC filing.

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

Constellation Brands Stock Down 1.2 %

Shares of Constellation Brands stock traded down $2.21 on Thursday, hitting $185.33. 1,594,382 shares of the company traded hands, compared to its average volume of 1,711,756. Constellation Brands, Inc. has a 12-month low of $160.46 and a 12-month high of $265.70. 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 $33.50 billion, a PE ratio of 49.82, a PEG ratio of 1.52 and a beta of 1.75. The company has a 50-day moving average price of $181.67 and a 200 day moving average price of $203.74.

Constellation Brands (NYSE:STZ - Get Free Report) last released its quarterly earnings data on Wednesday, April 9th. The company reported $2.63 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.13 billion during the quarter, compared to analysts' expectations of $2.14 billion. During the same quarter last year, the firm earned $2.26 earnings per share. The business's revenue for the quarter was up 1.2% on a year-over-year basis. Sell-side analysts predict that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Tuesday, April 29th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.20%. The ex-dividend date is Tuesday, April 29th. 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%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. TD Cowen lowered their price target on Constellation Brands from $270.00 to $260.00 and set a "hold" rating on the stock in a report on Wednesday, January 8th. Needham & Company LLC restated a "buy" rating and set a $215.00 price target on shares of Constellation Brands in a research report on Thursday, April 10th. Roth Capital reduced their price target on shares of Constellation Brands from $298.00 to $284.00 and set a "buy" rating for the company in a research note on Friday, January 17th. Truist Financial lowered their price objective on shares of 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, Citigroup cut their target price on Constellation Brands from $200.00 to $190.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target 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.