Twinbeech Capital LP Makes New Investment in Constellation Brands, Inc. (NYSE:STZ)

Twinbeech Capital LP bought a new position in Constellation Brands, Inc. (NYSE:STZ - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,320 shares of the company's stock, valued at approximately $955,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allworth Financial LP lifted its position in Constellation Brands by 0.8% in the fourth quarter. Allworth Financial LP now owns 7,357 shares of the company's stock worth $1,626,000 after purchasing an additional 59 shares during the period. BSW Wealth Partners raised its stake in Constellation Brands by 4.2% during the fourth quarter. BSW Wealth Partners now owns 1,563 shares of the company's stock worth $345,000 after acquiring an additional 63 shares in the last quarter. Philip James Wealth Mangement LLC raised its stake in Constellation Brands by 8.0% during the fourth quarter. Philip James Wealth Mangement LLC now owns 923 shares of the company's stock worth $204,000 after acquiring an additional 68 shares in the last quarter. Barden Capital Management Inc. raised its stake in Constellation Brands by 1.3% during the fourth quarter. Barden Capital Management Inc. now owns 5,574 shares of the company's stock worth $1,232,000 after acquiring an additional 72 shares in the last quarter. Finally, Brown Brothers Harriman & Co. raised its stake in Constellation Brands by 4.5% during the fourth quarter. Brown Brothers Harriman & Co. now owns 1,988 shares of the company's stock worth $439,000 after acquiring an additional 86 shares in the last quarter. 77.34% of the stock is owned by institutional investors.

Constellation Brands Trading Up 0.4%

Constellation Brands stock traded up $0.81 during mid-day trading on Tuesday, hitting $185.23. The stock had a trading volume of 307,063 shares, compared to its average volume of 2,492,534. The stock has a 50-day simple moving average of $184.77 and a two-hundred day simple moving average of $196.98. The stock has a market capitalization of $32.97 billion, a PE ratio of 49.79, a P/E/G ratio of 1.52 and a beta of 1.75. Constellation Brands, Inc. has a 12 month low of $160.46 and a 12 month high of $265.70. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26.

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

Constellation Brands Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Tuesday, April 29th were issued a $1.02 dividend. This is a boost from Constellation Brands's previous quarterly dividend of $1.01. The ex-dividend date of this dividend was Tuesday, April 29th. This represents a $4.08 annualized dividend and a yield of 2.20%. Constellation Brands's dividend payout ratio (DPR) is currently -800.00%.

Insiders Place Their Bets

In other Constellation Brands news, EVP Samuel J. Glaetzer sold 3,150 shares of the firm's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $188.54, for a total transaction of $593,901.00. Following the transaction, the executive vice president now owns 3,126 shares in the company, valued at approximately $589,376.04. This trade represents a 50.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 12.19% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on STZ shares. Truist Financial upgraded Constellation Brands from a "hold" rating to a "buy" rating and set a $215.00 price objective for the company in a research note on Wednesday, May 7th. JPMorgan Chase & Co. dropped their price objective on Constellation Brands from $203.00 to $194.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Barclays increased their price objective on Constellation Brands from $203.00 to $207.00 and gave the stock an "overweight" rating in a research note on Monday, April 14th. Wall Street Zen upgraded Constellation Brands from a "sell" rating to a "hold" rating in a research note on Tuesday, May 20th. Finally, Citigroup lowered their target price on Constellation Brands from $200.00 to $190.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $225.74.

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.