4,957 Shares in Constellation Brands Inc $STZ Acquired by North Dakota State Investment Board

North Dakota State Investment Board purchased a new position in Constellation Brands Inc (NYSE:STZ) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,957 shares of the company’s stock, valued at approximately $684,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of STZ. Root Financial Partners LLC purchased a new stake in shares of Constellation Brands during the third quarter valued at approximately $26,000. Stance Capital LLC purchased a new position in shares of Constellation Brands in the third quarter worth $26,000. GoalVest Advisory LLC purchased a new position in shares of Constellation Brands in the fourth quarter worth $28,000. Elyxium Wealth LLC bought a new stake in Constellation Brands during the 4th quarter valued at $33,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new stake in Constellation Brands during the 4th quarter valued at $39,000. Institutional investors own 77.34% of the company’s stock.

Constellation Brands Stock Down 0.2%

Shares of NYSE STZ opened at $150.86 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.55 and a debt-to-equity ratio of 1.16. Constellation Brands Inc has a 12 month low of $126.45 and a 12 month high of $186.40. The firm has a market capitalization of $25.98 billion, a PE ratio of 15.73, a price-to-earnings-growth ratio of 3.32 and a beta of 0.43. The firm has a fifty day simple moving average of $152.74 and a two-hundred day simple moving average of $148.60.

Constellation Brands (NYSE:STZ) last announced its earnings results on Wednesday, April 8th. The company reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $0.19. Constellation Brands had a net margin of 17.29% and a return on equity of 26.18%. The firm had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the previous year, the firm posted $2.63 EPS. The company’s revenue for the quarter was down 11.3% compared to the same quarter last year. Equities analysts expect that Constellation Brands Inc will post 11.9 earnings per share for the current year.

Constellation Brands Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Wednesday, April 29th were issued a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 2.7%. This is a boost from Constellation Brands’s previous quarterly dividend of $1.02. The ex-dividend date was Wednesday, April 29th. Constellation Brands’s dividend payout ratio (DPR) is 42.96%.

Insiders Place Their Bets

In other Constellation Brands news, EVP James O. Bourdeau sold 4,407 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $143.24, for a total transaction of $631,258.68. Following the transaction, the executive vice president owned 9,109 shares in the company, valued at approximately $1,304,773.16. This represents a 32.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 12.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on STZ shares. Bank of America raised their price target on shares of Constellation Brands from $142.00 to $154.00 and gave the stock an “underperform” rating in a report on Friday, April 10th. Piper Sandler upped their price objective 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. UBS Group raised their target price on Constellation Brands from $176.00 to $186.00 and gave the stock a “buy” rating in a research note on Friday, April 10th. Citigroup restated a “buy” rating on shares of Constellation Brands in a report on Monday. Finally, Morgan Stanley upped their price target on Constellation Brands from $160.00 to $183.00 and gave the company an “equal weight” rating in a research report on Friday, April 10th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Constellation Brands presently has an average rating of “Moderate Buy” and a consensus price target of $175.37.

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.