Constellation Brands, Inc. (NYSE:STZ) Shares Sold by James Investment Research Inc.

Posted by on Apr 13th, 2023

James Investment Research Inc. lowered its position in shares of Constellation Brands, Inc. (NYSE:STZ – Get Rating) by 60.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 121 shares of the company’s stock after selling 187 shares during the period. James Investment Research Inc.’s holdings in Constellation Brands were worth $28,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Baystate Wealth Management LLC boosted its stake in Constellation Brands by 80.0% in the fourth quarter. Baystate Wealth Management LLC now owns 135 shares of the company’s stock valued at $31,000 after acquiring an additional 60 shares in the last quarter. MV Capital Management Inc. boosted its stake in Constellation Brands by 46.2% in the fourth quarter. MV Capital Management Inc. now owns 152 shares of the company’s stock valued at $35,000 after acquiring an additional 48 shares in the last quarter. Guardian Wealth Advisors LLC acquired a new position in Constellation Brands in the third quarter valued at $37,000. Northwest Investment Counselors LLC acquired a new position in Constellation Brands in the fourth quarter valued at $39,000. Finally, BOK Financial Private Wealth Inc. acquired a new position in Constellation Brands in the third quarter valued at $45,000. Institutional investors and hedge funds own 84.87% of the company’s stock.

Constellation Brands Trading Down 0.8 %

NYSE STZ opened at $226.42 on Thursday. The stock has a market capitalization of $41.79 billion, a P/E ratio of -443.95, a P/E/G ratio of 2.08 and a beta of 1.03. Constellation Brands, Inc. has a 52-week low of $208.12 and a 52-week high of $261.52. The firm has a 50-day moving average price of $222.40 and a 200 day moving average price of $230.83. The company has a quick ratio of 0.54, a current ratio of 1.18 and a debt-to-equity ratio of 1.29.

Constellation Brands (NYSE:STZ – Get Rating) last issued its earnings results on Thursday, April 6th. The company reported $1.98 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.12. Constellation Brands had a negative net margin of 0.70% and a positive return on equity of 20.48%. The company had revenue of $2 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same period in the prior year, the business posted $2.37 earnings per share. The firm’s revenue for the quarter was down 11.9% compared to the same quarter last year. Equities research analysts expect that Constellation Brands, Inc. will post 11.77 EPS for the current year.

Constellation Brands Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 18th. Shareholders of record on Thursday, May 4th will be given a dividend of $0.89 per share. This is a positive change from Constellation Brands’s previous quarterly dividend of $0.80. This represents a $3.56 annualized dividend and a yield of 1.57%. The ex-dividend date is Wednesday, May 3rd. Constellation Brands’s dividend payout ratio is presently -627.44%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $295.00 price objective on shares of Constellation Brands in a research note on Monday. OTR Global raised shares of Constellation Brands to a “positive” rating in a report on Thursday, December 15th. Wells Fargo & Company upped their target price on shares of Constellation Brands from $250.00 to $260.00 and gave the company an “overweight” rating in a report on Monday. Morgan Stanley reduced their target price on shares of Constellation Brands from $298.00 to $277.00 and set an “overweight” rating for the company in a report on Friday, January 6th. Finally, Truist Financial upped their target price on shares of Constellation Brands from $215.00 to $220.00 and gave the company a “hold” rating in a report on Monday. Six analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, Constellation Brands has a consensus rating of “Moderate Buy” and an average target price of $252.58.

Constellation Brands Company Profile

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Constellation Brands, Inc engages in the production, marketing, and distribution of beer, wine, and spirits. It operates through the following segments: Beer, Wine and Spirits, and Corporate Operations and Other, and Canopy. The Beer segment includes imported and craft beer brands. The Wine and Spirits segment sells wine brands across all categories-table wine, sparkling wine, and dessert wine-and across all price points.

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Institutional Ownership by Quarter for Constellation Brands (NYSE:STZ)

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