Metis Global Partners LLC Increases Holdings in Constellation Brands, Inc. (NYSE:STZ)

Metis Global Partners LLC lifted its position in Constellation Brands, Inc. (NYSE:STZ) by 30.4% in the fourth quarter, Holdings Channel reports. The firm owned 7,262 shares of the company’s stock after buying an additional 1,692 shares during the period. Metis Global Partners LLC’s holdings in Constellation Brands were worth $1,605,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Compagnie Lombard Odier SCmA purchased a new stake in shares of Constellation Brands in the fourth quarter valued at approximately $27,000. Union Bancaire Privee UBP SA purchased a new stake in shares of Constellation Brands in the fourth quarter valued at approximately $28,000. Versant Capital Management Inc boosted its holdings in shares of Constellation Brands by 887.5% in 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 during the period. Centricity Wealth Management LLC purchased a new stake in shares of Constellation Brands in the fourth quarter valued at approximately $35,000. Finally, Whipplewood Advisors LLC purchased a new stake in shares of Constellation Brands in the fourth quarter valued at approximately $36,000. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on STZ. 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 research report on Monday, February 3rd. Morgan Stanley cut Constellation Brands from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $220.00 to $202.00 in a research report on Thursday, February 27th. Truist Financial dropped their target price on Constellation Brands from $255.00 to $190.00 and set a “hold” rating on the stock in a research report on Tuesday, January 14th. UBS Group dropped their target price on Constellation Brands from $265.00 to $223.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. Finally, Evercore ISI dropped their target price on Constellation Brands from $300.00 to $250.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $253.43.

Constellation Brands Stock Performance

Shares of STZ stock opened at $175.38 on Tuesday. The firm has a market capitalization of $31.70 billion, a price-to-earnings ratio of 47.15, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46. The business has a fifty day moving average of $187.98 and a 200 day moving average of $222.99. Constellation Brands, Inc. has a 1 year low of $160.46 and a 1 year high of $274.87.

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

Constellation Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend was Friday, February 7th. Constellation Brands’s dividend payout ratio is currently 108.60%.

Insiders Place Their Bets

In related news, Director William T. Giles purchased 1,000 shares of the business’s stock in a transaction on Friday, January 17th. The shares were bought at an average cost of $186.39 per share, with a total value of $186,390.00. Following the transaction, the director now owns 1,463 shares of the company’s stock, valued at approximately $272,688.57. This trade represents a 215.98 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 12.19% of the stock is owned by 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.