Nebula Research & Development LLC Takes $398,000 Position in Constellation Brands, Inc. (NYSE:STZ)

Nebula Research & Development LLC bought a new stake in Constellation Brands, Inc. (NYSE:STZ - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,802 shares of the company's stock, valued at approximately $398,000.

Other institutional investors have also modified their holdings of the company. Allworth Financial LP raised its position in shares of Constellation Brands by 0.8% during the 4th quarter. Allworth Financial LP now owns 7,357 shares of the company's stock valued at $1,626,000 after buying an additional 59 shares during the period. BSW Wealth Partners lifted its stake in shares of Constellation Brands by 4.2% in the 4th quarter. BSW Wealth Partners now owns 1,563 shares of the company's stock valued at $345,000 after purchasing an additional 63 shares during the last quarter. Philip James Wealth Mangement LLC increased its position in shares of Constellation Brands by 8.0% during the 4th quarter. Philip James Wealth Mangement LLC now owns 923 shares of the company's stock worth $204,000 after purchasing an additional 68 shares during the last quarter. Oak Asset Management LLC raised its holdings in Constellation Brands by 0.4% in the 4th quarter. Oak Asset Management LLC now owns 17,611 shares of the company's stock valued at $3,892,000 after buying an additional 71 shares during the period. Finally, Barden Capital Management Inc. boosted 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 buying an additional 72 shares during the period. Hedge funds and other institutional investors own 77.34% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on STZ shares. The Goldman Sachs Group reduced their price target on shares of Constellation Brands from $260.00 to $225.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. TD Cowen decreased their price target on shares of Constellation Brands from $270.00 to $260.00 and set a "hold" rating for the company in a research report on Wednesday, January 8th. Barclays increased their price objective on Constellation Brands from $203.00 to $207.00 and gave the company an "overweight" rating in a research note on Monday, April 14th. JPMorgan Chase & Co. lowered their target price 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. Finally, UBS Group reduced their price target on Constellation Brands from $265.00 to $223.00 and set a "buy" rating on the stock in a research report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $224.42.

Constellation Brands Stock Performance

NYSE:STZ traded up $1.05 during trading hours on Monday, reaching $188.02. 618,706 shares of the company's stock were exchanged, compared to its average volume of 2,661,831. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26. Constellation Brands, Inc. has a 1-year low of $160.46 and a 1-year high of $265.70. The company has a 50-day moving average of $181.96 and a 200 day moving average of $202.38. The firm has a market capitalization of $33.98 billion, a price-to-earnings ratio of 50.54, a P/E/G ratio of 1.52 and a beta of 1.75.

Constellation Brands (NYSE:STZ - Get Free Report) last announced 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 return on equity of 26.55% and a net margin of 6.27%. The company had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same period last year, the business posted $2.26 EPS. The company's revenue was up 1.2% on a year-over-year basis. Research analysts anticipate 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 will be paid on Thursday, May 15th. Investors of record on Tuesday, April 29th will be issued a dividend of $1.02 per share. This is a boost from Constellation Brands's previous quarterly dividend of $1.01. This represents a $4.08 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend is Tuesday, April 29th. Constellation Brands's dividend payout ratio is currently -800.00%.

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.