Constellation Brands, Inc. (NYSE:STZ) Stake Increased by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC grew its position in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 5,559.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 65,258 shares of the company's stock after purchasing an additional 64,105 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Constellation Brands were worth $14,422,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in STZ. Mainstream Capital Management LLC acquired a new position in Constellation Brands in the 4th quarter worth $25,000. SBI Securities Co. Ltd. acquired a new position in shares of Constellation Brands in the fourth quarter worth about $26,000. Compagnie Lombard Odier SCmA purchased a new position in Constellation Brands in the fourth quarter valued at about $27,000. Union Bancaire Privee UBP SA acquired a new stake in Constellation Brands during the 4th quarter valued at approximately $28,000. Finally, Optiver Holding B.V. purchased a new stake in Constellation Brands during the 4th quarter worth approximately $31,000. 77.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on STZ. BMO Capital Markets cut their price objective on Constellation Brands from $260.00 to $215.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Needham & Company LLC restated a "buy" rating and set a $215.00 price objective on shares of Constellation Brands in a research note on Thursday, April 10th. Citigroup lowered their target price on shares of Constellation Brands from $200.00 to $190.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Truist Financial reduced their price target on shares of Constellation Brands from $255.00 to $190.00 and set a "hold" rating on the stock in a research report on Tuesday, January 14th. Finally, StockNews.com downgraded shares of Constellation Brands from a "hold" rating to a "sell" rating in a research report on Thursday, April 17th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, Constellation Brands currently has an average rating of "Hold" and a consensus price target of $224.42.

Constellation Brands Price Performance

Shares of STZ stock traded up $1.61 during midday trading on Friday, reaching $187.05. 1,146,224 shares of the company were exchanged, compared to its average volume of 1,716,374. The company's 50 day moving average price is $181.96 and its two-hundred day moving average price is $202.93. The company has a market cap of $33.81 billion, a P/E ratio of 50.28, a PEG ratio of 1.52 and a beta of 1.75. Constellation Brands, Inc. has a 12 month low of $160.46 and a 12 month high of $265.70. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 1.10.

Constellation Brands (NYSE:STZ - Get Free Report) last announced its earnings results on Wednesday, April 9th. The company reported $2.63 EPS for the quarter, topping the consensus estimate of $2.28 by $0.35. The firm had revenue of $2.13 billion for the quarter, compared to analysts' expectations of $2.14 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The firm's quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.26 earnings per share. On average, sell-side analysts expect 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. Investors of record on Tuesday, April 29th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Tuesday, April 29th. This is a positive change from Constellation Brands's previous quarterly dividend of $1.01. This represents a $4.08 annualized dividend and a yield of 2.18%. 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.