Occudo Quantitative Strategies LP Has $3.20 Million Stock Position in Constellation Brands, Inc. (NYSE:STZ)

Occudo Quantitative Strategies LP raised its stake in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 141.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 14,473 shares of the company's stock after buying an additional 8,477 shares during the period. Occudo Quantitative Strategies LP's holdings in Constellation Brands were worth $3,199,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Czech National Bank boosted its holdings in Constellation Brands by 6.1% in the 4th quarter. Czech National Bank now owns 33,851 shares of the company's stock worth $7,481,000 after buying an additional 1,933 shares during the last quarter. Crescent Sterling Ltd. boosted its holdings in Constellation Brands by 28.1% in the 4th quarter. Crescent Sterling Ltd. now owns 5,747 shares of the company's stock worth $1,270,000 after buying an additional 1,259 shares during the last quarter. Brookstone Capital Management boosted its holdings in Constellation Brands by 5.8% in the 4th quarter. Brookstone Capital Management now owns 16,654 shares of the company's stock worth $3,681,000 after buying an additional 920 shares during the last quarter. Wedmont Private Capital boosted its holdings in Constellation Brands by 32.8% in the 4th quarter. Wedmont Private Capital now owns 2,671 shares of the company's stock worth $590,000 after buying an additional 660 shares during the last quarter. Finally, Miracle Mile Advisors LLC acquired a new stake in Constellation Brands in the 4th quarter worth about $4,239,000. Hedge funds and other institutional investors own 77.34% of the company's stock.

Constellation Brands Stock Up 2.0%

Shares of STZ traded up $3.74 during mid-day trading on Thursday, hitting $190.50. 1,491,221 shares of the company's stock were exchanged, compared to its average volume of 1,741,341. The firm has a fifty day moving average of $183.90 and a two-hundred day moving average of $199.73. Constellation Brands, Inc. has a twelve month low of $160.46 and a twelve month high of $265.70. The stock has a market cap of $33.91 billion, a price-to-earnings ratio of 51.21, a P/E/G ratio of 1.52 and a beta of 1.75. 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 (NYSE:STZ - Get Free Report) last released its earnings results on Wednesday, April 9th. The company reported $2.63 earnings per share for the quarter, topping analysts' consensus estimates of $2.28 by $0.35. The firm had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.14 billion. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The business's revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.26 EPS. On average, sell-side analysts forecast that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Tuesday, April 29th will be given a dividend of $1.02 per share. This is a positive change from Constellation Brands's previous quarterly dividend of $1.01. This represents a $4.08 annualized dividend and a dividend yield of 2.14%. The ex-dividend date is Tuesday, April 29th. Constellation Brands's payout ratio is -800.00%.

Insider Buying and Selling

In other news, EVP Samuel J. Glaetzer sold 3,150 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $188.54, for a total value of $593,901.00. Following the sale, the executive vice president now owns 3,126 shares of the company's stock, valued at approximately $589,376.04. This represents a 50.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 12.19% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Piper Sandler lowered Constellation Brands from an "overweight" rating to a "neutral" rating and dropped their price target for the company from $245.00 to $200.00 in a research report on Monday, February 3rd. Roth Mkm decreased their price objective on Constellation Brands from $284.00 to $256.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. Truist Financial upgraded Constellation Brands from a "hold" rating to a "buy" rating and set a $215.00 price objective on the stock in a report on Wednesday, May 7th. Royal Bank of Canada decreased their price objective on Constellation Brands from $289.00 to $233.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $215.00 price objective on shares of Constellation Brands in a report on Thursday, April 10th. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $225.74.

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.