ASR Vermogensbeheer N.V. Purchases 23,285 Shares of Constellation Brands Inc $STZ

Key Points

• ASR Vermogensbeheer N.V. increased its stake in Constellation Brands by 41.7% in the fourth quarter, buying 23,285 additional shares and bringing its total holdings to 79,147 shares worth about $10.9 million.
• Constellation Brands reported better-than-expected quarterly results, with EPS of $1.90 versus estimates of $1.71 and revenue of $1.92 billion versus expectations of $1.84 billion, though revenue still fell 11.3% year over year.
• The company raised its quarterly dividend to $1.03 per share, and analysts now have a consensus Moderate Buy rating with an average price target of $176.30.

ASR Vermogensbeheer N.V. increased its position in Constellation Brands Inc (NYSE:STZ - Free Report) by 41.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 79,147 shares of the company's stock after buying an additional 23,285 shares during the quarter. ASR Vermogensbeheer N.V.'s holdings in Constellation Brands were worth $10,919,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also bought and sold shares of the stock. Olstein Capital Management L.P. boosted its position in shares of Constellation Brands by 26.3% during the 4th quarter. Olstein Capital Management L.P. now owns 36,000 shares of the company's stock worth $4,967,000 after purchasing an additional 7,500 shares in the last quarter. MGO One Seven LLC lifted its holdings in shares of Constellation Brands by 19.2% in the fourth quarter. MGO One Seven LLC now owns 2,214 shares of the company's stock valued at $305,000 after purchasing an additional 356 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in Constellation Brands by 77.9% in the 4th quarter. Sequoia Financial Advisors LLC now owns 4,603 shares of the company's stock worth $635,000 after purchasing an additional 2,016 shares in the last quarter. Equitable Trust Co. purchased a new position in shares of Constellation Brands in the 4th quarter worth about $273,000. Finally, Swedbank AB grew its position in Constellation Brands by 108.1% during the fourth quarter. Swedbank AB now owns 63,055 shares of the company's stock valued at $8,699,000 after buying an additional 32,757 shares during the period. 77.34% of the stock is owned by institutional investors.

Constellation Brands Stock Performance

NYSE STZ opened at $148.00 on Friday. Constellation Brands Inc has a fifty-two week low of $126.45 and a fifty-two week high of $196.91. The company has a market cap of $25.49 billion, a P/E ratio of 15.43, a P/E/G ratio of 3.30 and a beta of 0.43. 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 business's 50 day moving average price is $154.20 and its 200-day moving average price is $147.99.

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 predict that Constellation Brands Inc will post 11.9 earnings per share for the current year.

Constellation Brands Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 14th. Shareholders of record on Wednesday, April 29th will be paid a dividend of $1.03 per share. This is an increase from Constellation Brands's previous quarterly dividend of $1.02. The ex-dividend date is Wednesday, April 29th. This represents a $4.12 annualized dividend and a yield of 2.8%. Constellation Brands's dividend payout ratio (DPR) is presently 42.96%.

Analysts Set New Price Targets

Several research firms have recently weighed in on STZ. Piper Sandler increased their price target on Constellation Brands from $146.00 to $160.00 and gave the stock a "neutral" rating in a research note on Friday, April 10th. Barclays raised their price target on shares of Constellation Brands from $151.00 to $170.00 and gave the company an "equal weight" rating in a report on Friday, April 10th. Roth Mkm reiterated a "buy" rating on shares of Constellation Brands in a research report on Thursday, April 9th. JPMorgan Chase & Co. lifted their price objective on Constellation Brands from $155.00 to $163.00 and gave the company a "neutral" rating in a research note on Wednesday, April 1st. Finally, Morgan Stanley increased their price objective on Constellation Brands from $160.00 to $183.00 and gave the company an "equal weight" rating in a research report on Friday, April 10th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Constellation Brands has a consensus rating of "Moderate Buy" and an average target price of $176.30.

Constellation Brands 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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