Constellation Brands, Inc. (NYSE:STZ) Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC trimmed its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 1.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,000 shares of the company’s stock after selling 400 shares during the period. Gabelli Funds LLC’s holdings in Constellation Brands were worth $4,641,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of STZ. Mainstream Capital Management LLC acquired a new position in shares of Constellation Brands during the fourth quarter worth approximately $25,000. SBI Securities Co. Ltd. acquired a new position in Constellation Brands during the 4th quarter worth $26,000. Compagnie Lombard Odier SCmA bought a new position in shares of Constellation Brands in the fourth quarter worth $27,000. Union Bancaire Privee UBP SA acquired a new position in shares of Constellation Brands during the fourth quarter valued at $28,000. Finally, Versant Capital Management Inc raised its stake in shares of Constellation Brands by 887.5% during the fourth quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock valued at $35,000 after purchasing an additional 142 shares in the last quarter. Institutional investors own 77.34% of the company’s stock.

Constellation Brands Stock Performance

Shares of STZ stock opened at $186.58 on Friday. The company has a market capitalization of $33.72 billion, a price-to-earnings ratio of 50.16, a P/E/G ratio of 1.52 and a beta of 1.75. Constellation Brands, Inc. has a 1-year low of $160.46 and a 1-year high of $265.70. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26. The stock’s fifty day simple moving average is $178.12 and its 200-day simple moving average is $207.38.

Constellation Brands (NYSE:STZ) last released its earnings results 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. The company had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.14 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.26 EPS. On average, sell-side analysts predict that Constellation Brands, Inc. will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Tuesday, April 29th will be given a $1.02 dividend. This is an increase from Constellation Brands’s previous quarterly dividend of $1.01. The ex-dividend date is Tuesday, April 29th. This represents a $4.08 dividend on an annualized basis and a yield of 2.19%. Constellation Brands’s dividend payout ratio is presently -800.00%.

Wall Street Analysts Forecast Growth

STZ has been the topic of several research analyst reports. Roth Capital lowered their target price on shares of Constellation Brands from $298.00 to $284.00 and set a “buy” rating on the stock in a research note on Friday, January 17th. Citigroup dropped their target price on Constellation Brands from $200.00 to $190.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. Barclays increased their price target on Constellation Brands from $203.00 to $207.00 and gave the company an “overweight” rating in a research note on Monday. Truist Financial dropped their price objective on Constellation Brands from $255.00 to $190.00 and set a “hold” rating on the stock in a research note on Tuesday, January 14th. Finally, UBS Group decreased their target price on Constellation Brands from $265.00 to $223.00 and set a “buy” rating for the company in a research note on Friday, January 17th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Constellation Brands has an average rating of “Hold” and an average target price of $224.42.

Constellation Brands 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.