Radnor Capital Management LLC Acquires 135 Shares of Constellation Brands, Inc. (NYSE:STZ)

Radnor Capital Management LLC grew its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 2.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,054 shares of the company’s stock after buying an additional 135 shares during the quarter. Radnor Capital Management LLC’s holdings in Constellation Brands were worth $1,559,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Acadian Asset Management LLC increased its holdings in Constellation Brands by 494.8% during the 2nd quarter. Acadian Asset Management LLC now owns 3,789 shares of the company’s stock worth $973,000 after purchasing an additional 3,152 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in Constellation Brands during the second quarter worth $36,000. Oppenheimer & Co. Inc. raised its position in Constellation Brands by 13.1% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 9,481 shares of the company’s stock valued at $2,439,000 after buying an additional 1,096 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its stake in Constellation Brands by 13.2% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 30,998 shares of the company’s stock valued at $7,940,000 after acquiring an additional 3,613 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its stake in Constellation Brands by 5.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 7,567 shares of the company’s stock valued at $1,947,000 after acquiring an additional 359 shares in the last quarter. 77.34% of the stock is owned by institutional investors.

Constellation Brands Trading Down 2.0 %

Shares of Constellation Brands stock opened at $182.18 on Wednesday. The company’s 50-day moving average price is $229.71 and its 200-day moving average price is $240.26. The company has a current ratio of 1.25, a quick ratio of 0.53 and a debt-to-equity ratio of 1.31. Constellation Brands, Inc. has a 12-month low of $176.51 and a 12-month high of $274.87. The company has a market cap of $33.08 billion, a price-to-earnings ratio of 58.96, a PEG ratio of 1.69 and a beta of 1.75.

Constellation Brands (NYSE:STZ) last posted its earnings results on Friday, January 10th. The company reported $3.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.33 by ($0.08). Constellation Brands had a return on equity of 25.34% and a net margin of 5.29%. 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 prior year, the company earned $3.19 earnings per share. The business’s revenue for the quarter was down .3% compared to the same quarter last year. On average, equities analysts expect that Constellation Brands, Inc. will post 13.57 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be paid a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend is Friday, February 7th. Constellation Brands’s dividend payout ratio is 108.60%.

Wall Street Analysts Forecast Growth

STZ has been the subject of several analyst reports. Truist Financial lowered their target price on shares of Constellation Brands from $255.00 to $190.00 and set a “hold” rating for the company in a report on Tuesday. Piper Sandler dropped their target price on shares of Constellation Brands from $300.00 to $245.00 and set an “overweight” rating on the stock in a research report on Monday. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $203.00 target price (down from $262.00) on shares of Constellation Brands in a report on Monday. Needham & Company LLC reaffirmed a “buy” rating and set a $280.00 price target on shares of Constellation Brands in a research report on Friday, January 10th. Finally, Bank of America reissued a “neutral” rating and issued a $255.00 price objective (down previously from $300.00) on shares of Constellation Brands in a research report on Monday, October 7th. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $261.40.

Insider Buying and Selling

In related news, major shareholder Wildstar Partners Llc sold 660 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $241.00, for a total value of $159,060.00. Following the sale, the insider now directly owns 1,736,884 shares of the company’s stock, valued at $418,589,044. This trade represents a 0.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO William A. Newlands sold 25,000 shares of Constellation Brands stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $243.58, for a total transaction of $6,089,500.00. Following the sale, the chief executive officer now owns 7,274 shares of the company’s stock, valued at approximately $1,771,800.92. The trade was a 77.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 69,172 shares of company stock worth $16,778,841 over the last ninety days. 12.19% of the stock is owned by corporate insiders.

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.