Entropy Technologies LP Makes New Investment in Constellation Brands Inc $STZ

Entropy Technologies LP bought a new position in shares of Constellation Brands Inc (NYSE:STZ) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,952 shares of the company’s stock, valued at approximately $1,511,000.

A number of other large investors have also modified their holdings of the company. Arrowstreet Capital Limited Partnership increased its holdings in shares of Constellation Brands by 18.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,268,672 shares of the company’s stock worth $175,026,000 after acquiring an additional 200,555 shares during the period. Atlas Capital Advisors Inc. acquired a new stake in shares of Constellation Brands in the 4th quarter worth about $182,000. Ally Financial Inc. increased its holdings in shares of Constellation Brands by 27.8% in the 4th quarter. Ally Financial Inc. now owns 11,500 shares of the company’s stock worth $1,587,000 after acquiring an additional 2,500 shares during the period. Jacobi Capital Management LLC increased its holdings in shares of Constellation Brands by 1.7% in the 4th quarter. Jacobi Capital Management LLC now owns 11,136 shares of the company’s stock worth $1,536,000 after acquiring an additional 188 shares during the period. Finally, Parkside Financial Bank & Trust increased its holdings in shares of Constellation Brands by 21.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,490 shares of the company’s stock worth $206,000 after acquiring an additional 259 shares during the period. Institutional investors and hedge funds own 77.34% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on STZ. Deutsche Bank Aktiengesellschaft raised their target price on shares of Constellation Brands from $154.00 to $155.00 and gave the company a “hold” rating in a research note on Friday, April 10th. Royal Bank Of Canada reissued an “outperform” rating and issued a $185.00 price objective on shares of Constellation Brands in a research note on Friday, April 10th. Piper Sandler boosted their price objective on Constellation Brands from $146.00 to $160.00 and gave the stock a “neutral” rating in a research note on Friday, April 10th. UBS Group boosted their price objective on Constellation Brands from $176.00 to $186.00 and gave the stock a “buy” rating in a research note on Friday, April 10th. Finally, Morgan Stanley lifted their price objective on shares of Constellation Brands from $160.00 to $183.00 and gave the stock an “equal weight” rating in a research note on Friday, April 10th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Constellation Brands currently has a consensus rating of “Moderate Buy” and a consensus price target of $175.26.

Constellation Brands Stock Performance

Shares of STZ opened at $148.06 on Tuesday. The firm’s 50 day moving average is $149.84 and its 200-day moving average is $150.05. The stock has a market capitalization of $25.50 billion, a P/E ratio of 15.44, a P/E/G ratio of 3.44 and a beta of 0.39. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.08 and a quick ratio of 0.55. Constellation Brands Inc has a 12-month low of $126.45 and a 12-month high of $178.13.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Wednesday, April 8th. The company reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $0.19. The company had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Constellation Brands had a net margin of 17.29% and a return on equity of 26.18%. The business’s revenue was down 11.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.63 EPS. Equities research analysts anticipate that Constellation Brands Inc will post 11.87 EPS for the current fiscal year.

Constellation Brands Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Wednesday, April 29th were paid a $1.03 dividend. The ex-dividend date of this dividend was Wednesday, April 29th. This represents a $4.12 annualized dividend and a dividend yield of 2.8%. This is an increase from Constellation Brands’s previous quarterly dividend of $1.02. Constellation Brands’s dividend payout ratio is presently 42.96%.

Insider Activity

In other news, EVP James O. Bourdeau sold 4,407 shares of Constellation Brands stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $143.24, for a total value of $631,258.68. Following the transaction, the executive vice president owned 9,109 shares of the company’s stock, valued at $1,304,773.16. The trade was a 32.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 12.20% of the stock is owned by corporate insiders.

Constellation Brands Profile

Constellation Brands, Inc is a leading producer and marketer of beer, wine and spirits, with operations spanning production, importation, marketing and distribution. The company’s beverage portfolio includes a range of premium and mainstream wines and spirits alongside major imported beer brands; in the U.S. market Constellation is widely known for its role in bringing Mexican imports such as Corona and Modelo to American consumers. Constellation supplies retail, on‑premise and foodservice channels and supports its brands with national sales and marketing platforms and supply‑chain capabilities.

The company traces its roots to the Canandaigua Wine Company, founded by Marvin Sands in 1945, and evolved through organic growth and acquisition into a diversified beverage company.