Cwm LLC Grows Stock Position in Constellation Brands Inc $STZ

Key Points

• Cwm LLC increased its stake in Constellation Brands by 350.2% in Q4, buying an additional 14,508 shares to hold 18,651 shares valued at about $2.57 million.
• Equity analysts have lifted price targets and the stock carries a MarketBeat average rating of "Moderate Buy" with an average price target of $178.14.
• Constellation beat quarterly estimates (EPS $1.90 vs. $1.71 and revenue $1.92B vs. $1.84B) despite revenue down 11.3% year‑over‑year, and raised its quarterly dividend to $1.03 (annualized yield ~2.6%).

Cwm LLC lifted its position in Constellation Brands Inc (NYSE:STZ - Free Report) by 350.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,651 shares of the company's stock after purchasing an additional 14,508 shares during the quarter. Cwm LLC's holdings in Constellation Brands were worth $2,573,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Root Financial Partners LLC acquired a new stake in Constellation Brands in the third quarter valued at approximately $26,000. Stance Capital LLC acquired a new stake in shares of Constellation Brands in the 3rd quarter worth $26,000. GoalVest Advisory LLC acquired a new stake in shares of Constellation Brands in the 4th quarter worth $28,000. Salomon & Ludwin LLC acquired a new stake in shares of Constellation Brands in the 3rd quarter worth $30,000. Finally, CVA Family Office LLC raised its position in Constellation Brands by 713.2% in the third quarter. CVA Family Office LLC now owns 309 shares of the company's stock valued at $42,000 after purchasing an additional 271 shares during the period. 77.34% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on STZ. Sanford C. Bernstein lifted their target price on Constellation Brands from $195.00 to $197.00 and gave the company an "outperform" rating in a research report on Friday, January 9th. JPMorgan Chase & Co. lifted their target price on Constellation Brands from $155.00 to $163.00 and gave the company a "neutral" rating in a research report on Wednesday, April 1st. Morgan Stanley lifted their price objective on Constellation Brands from $160.00 to $183.00 and gave the company an "equal weight" rating in a research note on Friday, April 10th. Weiss Ratings raised Constellation Brands from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Thursday, February 5th. Finally, Citigroup reaffirmed a "buy" rating on shares of Constellation Brands in a research note on Friday, April 10th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, Constellation Brands has an average rating of "Moderate Buy" and an average price target of $178.14.

Constellation Brands Trading Up 1.6%

Shares of NYSE STZ opened at $159.38 on Friday. Constellation Brands Inc has a twelve month low of $126.45 and a twelve month high of $196.91. The company has a current ratio of 1.08, a quick ratio of 0.55 and a debt-to-equity ratio of 1.16. The stock has a fifty day simple moving average of $154.43 and a 200-day simple moving average of $147.20. The stock has a market capitalization of $27.64 billion, a PE ratio of 16.62, a PEG ratio of 3.44 and a beta of 0.44.

Constellation Brands (NYSE:STZ - Get Free Report) last issued its quarterly earnings data on Wednesday, April 8th. The company reported $1.90 earnings per share for the quarter, beating analysts' consensus estimates of $1.71 by $0.19. Constellation Brands had a return on equity of 26.18% and a net margin of 17.29%.The business had revenue of $1.92 billion during the quarter, compared to analysts' expectations of $1.84 billion. During the same period in the previous year, the firm posted $2.63 earnings per share. The company's revenue was down 11.3% on a year-over-year basis. On average, equities analysts forecast 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. Investors of record on Wednesday, April 29th will be paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Wednesday, April 29th. This is a positive change from Constellation Brands's previous quarterly dividend of $1.02. Constellation Brands's payout ratio is presently 42.54%.

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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