Constellation Brands Inc $STZ Shares Acquired by Leeward Investments LLC MA

Leeward Investments LLC MA increased its stake in Constellation Brands Inc (NYSE:STZ) by 81.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 55,618 shares of the company’s stock after purchasing an additional 24,898 shares during the period. Leeward Investments LLC MA’s holdings in Constellation Brands were worth $8,343,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. MV Capital Management Inc. bought a new position in Constellation Brands during the 4th quarter worth $26,000. Stance Capital LLC bought a new stake in Constellation Brands in the third quarter valued at $26,000. Strive Financial Group LLC acquired a new position in shares of Constellation Brands during the fourth quarter valued at $27,000. GoalVest Advisory LLC acquired a new position in shares of Constellation Brands during the fourth quarter valued at $28,000. Finally, Elyxium Wealth LLC bought a new position in shares of Constellation Brands during the fourth quarter worth about $33,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

Constellation Brands Stock Down 0.1%

STZ opened at $143.23 on Thursday. Constellation Brands Inc has a one year low of $126.45 and a one year high of $178.13. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.55 and a current ratio of 1.08. The stock’s fifty day moving average is $147.64 and its 200-day moving average is $150.30. The company has a market capitalization of $24.66 billion, a PE ratio of 14.94, a P/E/G ratio of 4.21 and a beta of 0.39.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Wednesday, April 8th. The company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.19. The business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.84 billion. Constellation Brands had a return on equity of 26.18% and a net margin of 17.29%.The company’s revenue was down 11.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.63 earnings per share. On average, equities analysts predict that Constellation Brands Inc will post 11.84 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 given a dividend of $1.03 per share. This is a positive change from Constellation Brands’s previous quarterly dividend of $1.02. The ex-dividend date was Wednesday, April 29th. This represents a $4.12 annualized dividend and a dividend yield of 2.9%. Constellation Brands’s payout ratio is 42.96%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on STZ shares. Roth Mkm reaffirmed a “buy” rating on shares of Constellation Brands in a report on Thursday, April 9th. Royal Bank Of Canada reissued an “outperform” rating and set a $185.00 target price on shares of Constellation Brands in a research note on Friday, April 10th. Needham & Company LLC upped their target price on shares of Constellation Brands from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, April 10th. Piper Sandler raised their price target on shares of Constellation Brands from $146.00 to $160.00 and gave the company a “neutral” rating in a research note on Friday, April 10th. Finally, Citigroup reaffirmed a “buy” rating on shares of Constellation Brands in a report on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $173.53.

Insider Buying and Selling at Constellation Brands

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. Company insiders own 12.20% of the company’s stock.

Constellation Brands Company 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.