Altrius Capital Management Inc Raises Position in Constellation Brands Inc $STZ

Key Points

• Altrius Capital Management increased its stake in Constellation Brands by 25.1% in Q4, adding 7,349 shares to hold 36,590 shares worth about $5.05 million.
• Constellation beat Q4 estimates with EPS of $1.90 (vs. $1.71 expected) and revenue of $1.92B (vs. $1.84B), though revenue was down 11.3% year‑over‑year; the company also raised its quarterly dividend to $1.03 (annualized $4.12, ~2.7% yield).
• Analyst sentiment is broadly positive—several firms raised targets this month and MarketBeat shows a consensus Moderate Buy with a $178.14 price target, while institutional investors hold roughly 77.3% of the stock.

Altrius Capital Management Inc grew its position in Constellation Brands Inc (NYSE:STZ - Free Report) by 25.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,590 shares of the company's stock after acquiring an additional 7,349 shares during the quarter. Altrius Capital Management Inc's holdings in Constellation Brands were worth $5,048,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Root Financial Partners LLC purchased a new stake in Constellation Brands in the 3rd quarter worth about $26,000. Stance Capital LLC bought a new position in shares of Constellation Brands during the third quarter valued at approximately $26,000. GoalVest Advisory LLC bought a new position in shares of Constellation Brands during the fourth quarter valued at approximately $28,000. Salomon & Ludwin LLC bought a new position in shares of Constellation Brands during the third quarter valued at approximately $30,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of Constellation Brands during the fourth quarter valued at approximately $39,000. Hedge funds and other institutional investors own 77.34% of the company's stock.

Constellation Brands Stock Up 0.0%

Shares of NYSE STZ opened at $152.88 on Monday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.55 and a current ratio of 1.08. The firm has a market capitalization of $26.33 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 3.35 and a beta of 1.75. The stock has a 50 day moving average price of $154.67 and a 200 day moving average price of $147.75. Constellation Brands Inc has a 52-week low of $126.45 and a 52-week high of $196.91.

Constellation Brands (NYSE:STZ - Get Free Report) last announced its quarterly earnings results on Wednesday, April 8th. The company reported $1.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.71 by $0.19. The firm had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.84 billion. Constellation Brands had a return on equity of 26.18% and a net margin of 17.29%.Constellation Brands's quarterly revenue was down 11.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.63 earnings per share. Sell-side analysts expect that Constellation Brands Inc will post 11.9 earnings per share for the current year.

Constellation Brands Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 14th. Shareholders of record on Wednesday, April 29th will be given a dividend of $1.03 per share. This is a boost from Constellation Brands's previous quarterly dividend of $1.02. The ex-dividend date of this dividend is Wednesday, April 29th. This represents a $4.12 annualized dividend and a yield of 2.7%. Constellation Brands's payout ratio is 42.96%.

Wall Street Analysts Forecast Growth

STZ has been the topic of a number of analyst reports. UBS Group upped their target price on Constellation Brands from $176.00 to $186.00 and gave the company a "buy" rating in a research note on Friday, April 10th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $185.00 target price on shares of Constellation Brands in a research note on Friday, April 10th. BMO Capital Markets reaffirmed an "outperform" rating and set a $190.00 target price on shares of Constellation Brands in a research note on Friday, January 9th. Barclays upped their target price on Constellation Brands from $151.00 to $170.00 and gave the company an "equal weight" rating in a research note on Friday, April 10th. Finally, Needham & Company LLC upped their target price on Constellation Brands from $180.00 to $185.00 and gave the company a "buy" rating in a research note on Friday, April 10th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $178.14.

Constellation Brands Company Profile

Constellation Brands, Inc is a leading producer and marketer of beer, wine and spirits, with operations spanning production, importation, marketing and distribution. The company's beverage portfolio includes a range of premium and mainstream wines and spirits alongside major imported beer brands; in the U.S. market Constellation is widely known for its role in bringing Mexican imports such as Corona and Modelo to American consumers. Constellation supplies retail, on‑premise and foodservice channels and supports its brands with national sales and marketing platforms and supply‑chain capabilities.

The company traces its roots to the Canandaigua Wine Company, founded by Marvin Sands in 1945, and evolved through organic growth and acquisition into a diversified beverage company.

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