Constellation Brands, Inc. (NYSE:STZ) Stock Holdings Trimmed by Curi RMB Capital LLC

Curi RMB Capital LLC lowered its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 23.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,287 shares of the company’s stock after selling 387 shares during the quarter. Curi RMB Capital LLC’s holdings in Constellation Brands were worth $284,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Van ECK Associates Corp lifted its stake in Constellation Brands by 1,844.7% during the fourth quarter. Van ECK Associates Corp now owns 924,274 shares of the company’s stock worth $204,265,000 after purchasing an additional 876,745 shares during the last quarter. Copperleaf Capital LLC bought a new position in shares of Constellation Brands in the 4th quarter worth about $343,000. Grimes & Company Inc. acquired a new position in shares of Constellation Brands in the 4th quarter valued at about $6,099,000. Empowered Funds LLC grew its position in shares of Constellation Brands by 62.8% during the 4th quarter. Empowered Funds LLC now owns 16,575 shares of the company’s stock valued at $3,663,000 after buying an additional 6,391 shares during the last quarter. Finally, Southern Style Financial Inc. acquired a new stake in Constellation Brands during the fourth quarter worth about $3,074,000. Institutional investors own 77.34% of the company’s stock.

Constellation Brands Stock Up 0.6 %

STZ stock opened at $187.69 on Tuesday. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46. The firm has a market cap of $33.92 billion, a PE ratio of 50.45, a P/E/G 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 firm has a 50 day simple moving average of $179.10 and a 200 day simple moving average of $205.88.

Constellation Brands (NYSE:STZ) last issued its earnings results on Wednesday, April 9th. The company reported $2.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.28 by $0.35. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The business had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.14 billion. During the same period in the previous year, the firm posted $2.26 EPS. The company’s quarterly revenue was up 1.2% on a year-over-year basis. Equities research analysts forecast that Constellation Brands, Inc. will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Tuesday, April 29th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.17%. This is a boost from Constellation Brands’s previous quarterly dividend of $1.01. The ex-dividend date is Tuesday, April 29th. Constellation Brands’s dividend payout ratio (DPR) is presently -800.00%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on STZ shares. Argus lowered Constellation Brands from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. The Goldman Sachs Group cut their target price on Constellation Brands from $260.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, April 11th. Wells Fargo & Company lowered their price target on shares of Constellation Brands from $230.00 to $210.00 and set an “overweight” rating for the company in a research report on Wednesday, April 2nd. Evercore ISI reduced their target price on shares of Constellation Brands from $300.00 to $250.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. Finally, Truist Financial dropped 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 note on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Constellation Brands currently has an average rating of “Hold” and a consensus price target of $224.42.

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.