Arrowstreet Capital Limited Partnership Has $175.03 Million Stock Position in Constellation Brands Inc $STZ

Arrowstreet Capital Limited Partnership lifted its stake in Constellation Brands Inc (NYSE:STZ) by 18.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,268,672 shares of the company’s stock after buying an additional 200,555 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Constellation Brands were worth $175,026,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Stance Capital LLC acquired a new stake in shares of Constellation Brands in the third quarter valued at about $26,000. GoalVest Advisory LLC acquired a new stake in shares of Constellation Brands in the fourth quarter valued at about $28,000. Elyxium Wealth LLC acquired a new stake in shares of Constellation Brands in the fourth quarter valued at about $33,000. GW&K Investment Management LLC lifted its stake in Constellation Brands by 58.9% in the 4th quarter. GW&K Investment Management LLC now owns 267 shares of the company’s stock valued at $37,000 after purchasing an additional 99 shares during the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Constellation Brands in the 4th quarter valued at about $39,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of Constellation Brands from $180.00 to $185.00 and gave the company an “overweight” rating in a research note on Friday, April 10th. Piper Sandler raised their target price 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. Morgan Stanley raised their target price on shares of Constellation Brands from $160.00 to $183.00 and gave the company an “equal weight” rating in a research note on Friday, April 10th. Roth Mkm reiterated a “buy” rating on shares of Constellation Brands in a research note on Thursday, April 9th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Constellation Brands from $154.00 to $155.00 and gave the stock a “hold” rating in a research note on Friday, April 10th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $175.26.

Constellation Brands Price Performance

Constellation Brands stock opened at $148.45 on Monday. Constellation Brands Inc has a 12 month low of $126.45 and a 12 month high of $178.13. The stock’s 50 day moving average is $149.90 and its 200-day moving average is $149.94. The company has a current ratio of 1.08, a quick ratio of 0.55 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $25.56 billion, a price-to-earnings ratio of 15.48, a PEG ratio of 3.44 and a beta of 0.39.

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

Constellation Brands Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Wednesday, April 29th were paid a $1.03 dividend. 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 yield of 2.8%. Constellation Brands’s dividend payout ratio is presently 42.96%.

Insiders Place Their Bets

In other Constellation Brands news, EVP James O. Bourdeau sold 4,407 shares of Constellation Brands stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $143.24, for a total value of $631,258.68. Following the completion of the sale, the executive vice president owned 9,109 shares in the company, 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 Securities & Exchange Commission, which is available through the SEC website. 12.20% of the stock is owned by company insiders.

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.