Doliver Advisors LP Purchases 940 Shares of Constellation Brands, Inc. (NYSE:STZ)

Doliver Advisors LP increased its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 59.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,513 shares of the company’s stock after acquiring an additional 940 shares during the period. Doliver Advisors LP’s holdings in Constellation Brands were worth $461,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC increased its stake in Constellation Brands by 23.0% in the 4th quarter. Brighton Jones LLC now owns 1,001 shares of the company’s stock worth $221,000 after acquiring an additional 187 shares during the last quarter. Blue Trust Inc. increased its stake in Constellation Brands by 79.0% in the 4th quarter. Blue Trust Inc. now owns 1,828 shares of the company’s stock worth $404,000 after acquiring an additional 807 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in Constellation Brands by 74.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 17,419 shares of the company’s stock worth $3,850,000 after acquiring an additional 7,424 shares during the last quarter. Caprock Group LLC increased its position in shares of Constellation Brands by 32.0% in the fourth quarter. Caprock Group LLC now owns 4,845 shares of the company’s stock worth $1,071,000 after purchasing an additional 1,175 shares during the last quarter. Finally, Independence Bank of Kentucky increased its position in shares of Constellation Brands by 11.3% in the fourth quarter. Independence Bank of Kentucky now owns 3,784 shares of the company’s stock worth $836,000 after purchasing an additional 384 shares during the last quarter. Institutional investors own 77.34% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on STZ. Needham & Company LLC restated a “buy” rating and issued a $215.00 price objective on shares of Constellation Brands in a research report on Thursday, April 10th. Roth Mkm decreased their price target on shares of Constellation Brands from $284.00 to $256.00 and set a “buy” rating on the stock in a report on Thursday, April 3rd. Morgan Stanley decreased their price target on shares of Constellation Brands from $202.00 to $195.00 and set an “equal weight” rating on the stock in a report on Friday, April 11th. Truist Financial raised Constellation Brands from a “hold” rating to a “buy” rating and set a $215.00 target price on the stock in a research note on Wednesday, May 7th. Finally, BMO Capital Markets reduced their target price 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. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Constellation Brands has a consensus rating of “Moderate Buy” and an average price target of $225.74.

Constellation Brands Trading Down 0.9%

NYSE STZ opened at $178.10 on Friday. The company has a current ratio of 1.10, a quick ratio of 0.46 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 stock has a 50-day moving average of $184.91 and a 200-day moving average of $195.97. The firm has a market cap of $31.71 billion, a PE ratio of 47.88, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data 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 firm had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter in the previous year, the company posted $2.26 earnings per share. The business’s revenue was up 1.2% on a year-over-year basis. As a group, sell-side analysts forecast that Constellation Brands, Inc. will post 13.5 EPS for the current year.

Constellation Brands Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Tuesday, April 29th were paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 2.29%. This is an increase from Constellation Brands’s previous quarterly dividend of $1.01. The ex-dividend date of this dividend was Tuesday, April 29th. Constellation Brands’s dividend payout ratio is -800.00%.

Insider Activity

In other Constellation Brands news, EVP Samuel J. Glaetzer sold 3,150 shares of the company’s stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $188.54, for a total transaction of $593,901.00. Following the completion of the transaction, the executive vice president now owns 3,126 shares of the company’s stock, valued at $589,376.04. This represents a 50.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 12.19% of the company’s stock.

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.