Norden Group LLC Purchases 282 Shares of Constellation Brands, Inc. (NYSE:STZ)

Norden Group LLC grew its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 11.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,832 shares of the company’s stock after purchasing an additional 282 shares during the quarter. Norden Group LLC’s holdings in Constellation Brands were worth $626,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Compagnie Lombard Odier SCmA bought a new position in shares of Constellation Brands during the 4th quarter valued at about $27,000. Union Bancaire Privee UBP SA bought a new position in shares of Constellation Brands during the 4th quarter valued at about $28,000. Versant Capital Management Inc increased its position in shares of Constellation Brands by 887.5% during the 4th quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock valued at $35,000 after purchasing an additional 142 shares during the last quarter. Centricity Wealth Management LLC bought a new position in shares of Constellation Brands during the 4th quarter valued at about $35,000. Finally, Whipplewood Advisors LLC purchased a new stake in Constellation Brands during the 4th quarter valued at about $36,000. 77.34% of the stock is currently owned by institutional investors.

Insider Activity at Constellation Brands

In related news, Director William T. Giles acquired 1,000 shares of Constellation Brands stock in a transaction that occurred on Friday, January 17th. The stock was bought at an average price of $186.39 per share, with a total value of $186,390.00. Following the transaction, the director now directly owns 1,463 shares in the company, valued at approximately $272,688.57. This represents a 215.98 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 12.19% of the stock is owned by corporate insiders.

Constellation Brands Trading Down 0.1 %

STZ opened at $175.38 on Tuesday. The stock has a market cap of $31.70 billion, a PE ratio of 47.15, a PEG ratio of 1.52 and a beta of 1.75. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26. The business has a 50 day moving average of $187.98 and a 200-day moving average of $222.99. Constellation Brands, Inc. has a 52 week low of $160.46 and a 52 week high of $274.87.

Constellation Brands (NYSE:STZ) last released its earnings results on Friday, January 10th. The company reported $3.25 EPS for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.08). Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The firm had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.53 billion. During the same quarter in the previous year, the business earned $3.19 EPS. The company’s revenue for the quarter was down .3% compared to the same quarter last year. Equities research analysts predict that Constellation Brands, Inc. will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date was Friday, February 7th. Constellation Brands’s dividend payout ratio (DPR) is presently 108.60%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Roth Capital dropped their target price on Constellation Brands from $298.00 to $284.00 and set a “buy” rating for the company in a report on Friday, January 17th. Barclays dropped their target price on Constellation Brands from $282.00 to $214.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. Royal Bank of Canada restated an “outperform” rating and set a $293.00 target price on shares of Constellation Brands in a report on Monday, February 3rd. Truist Financial dropped their target price on Constellation Brands from $255.00 to $190.00 and set a “hold” rating for the company in a report on Tuesday, January 14th. Finally, Piper Sandler cut Constellation Brands from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $245.00 to $200.00 in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $253.43.

Constellation Brands Company 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.