Stablepoint Partners LLC Has $1.35 Million Stake in Constellation Brands, Inc. (NYSE:STZ)

Stablepoint Partners LLC increased its holdings in Constellation Brands, Inc. (NYSE:STZ - Free Report) by 46.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,341 shares of the company's stock after acquiring an additional 2,340 shares during the quarter. Stablepoint Partners LLC's holdings in Constellation Brands were worth $1,347,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mainstream Capital Management LLC purchased a new stake in shares of Constellation Brands during the 4th quarter worth approximately $25,000. SBI Securities Co. Ltd. purchased a new position in Constellation Brands during the fourth quarter valued at approximately $26,000. Compagnie Lombard Odier SCmA acquired a new stake in Constellation Brands in the fourth quarter valued at approximately $27,000. Union Bancaire Privee UBP SA acquired a new stake in shares of Constellation Brands in the fourth quarter worth approximately $28,000. Finally, Minot DeBlois Advisors LLC purchased a new stake in Constellation Brands in the fourth quarter valued at $29,000. 77.34% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Morgan Stanley cut their target price on Constellation Brands from $202.00 to $195.00 and set an "equal weight" rating on the stock in a research report on Friday, April 11th. DA Davidson dropped their price objective on Constellation Brands from $272.00 to $241.00 in a research note on Friday, April 11th. Bernstein Bank decreased their price objective on Constellation Brands from $260.00 to $225.00 and set an "outperform" rating on the stock in a report on Thursday, April 10th. Jefferies Financial Group lowered their price target on Constellation Brands from $201.00 to $196.00 in a research report on Friday, April 11th. Finally, Piper Sandler upped their target price on Constellation Brands from $165.00 to $170.00 and gave the stock a "neutral" rating in a research report on Friday. Eleven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, Constellation Brands presently has a consensus rating of "Moderate Buy" and a consensus target price of $220.00.

Constellation Brands Trading Up 0.3%

Shares of Constellation Brands stock traded up $0.59 on Tuesday, reaching $171.72. The company had a trading volume of 1,515,070 shares, compared to its average volume of 1,795,198. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 1.10. The firm has a market cap of $30.57 billion, a PE ratio of 46.16, a PEG ratio of 1.52 and a beta of 1.75. The firm's 50 day moving average price is $183.48 and its two-hundred day moving average price is $192.43. Constellation Brands, Inc. has a 52-week low of $160.46 and a 52-week high of $265.70.

Constellation Brands (NYSE:STZ - Get Free Report) last posted its earnings results on Wednesday, April 9th. The company reported $2.63 earnings per share for the quarter, beating the consensus estimate of $2.28 by $0.35. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The firm had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same period last year, the firm posted $2.26 EPS. The firm'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 fiscal year.

Constellation Brands Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Tuesday, April 29th were given a dividend of $1.02 per share. The ex-dividend date was Tuesday, April 29th. This represents a $4.08 annualized dividend and a dividend yield of 2.38%. This is a positive change from Constellation Brands's previous quarterly dividend of $1.01. Constellation Brands's dividend payout ratio is currently -800.00%.

About Constellation Brands

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.