Cox Capital Mgt LLC Has $2.84 Million Stock Position in Constellation Brands, Inc. (NYSE:STZ)

Cox Capital Mgt LLC raised its holdings in Constellation Brands, Inc. (NYSE:STZ – Get Rating) by 3.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 12,261 shares of the company’s stock after acquiring an additional 381 shares during the period. Constellation Brands accounts for 1.8% of Cox Capital Mgt LLC’s portfolio, making the stock its 22nd largest position. Cox Capital Mgt LLC’s holdings in Constellation Brands were worth $2,841,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Guardian Wealth Advisors LLC acquired a new stake in shares of Constellation Brands during the 3rd quarter worth approximately $37,000. BOK Financial Private Wealth Inc. acquired a new stake in shares of Constellation Brands during the 3rd quarter worth approximately $45,000. Jones Financial Companies Lllp grew its holdings in shares of Constellation Brands by 133.3% during the 3rd quarter. Jones Financial Companies Lllp now owns 203 shares of the company’s stock worth $47,000 after purchasing an additional 116 shares in the last quarter. Western Pacific Wealth Management LP acquired a new stake in shares of Constellation Brands during the 3rd quarter worth approximately $57,000. Finally, MinichMacGregor Wealth Management LLC acquired a new stake in shares of Constellation Brands during the 4th quarter worth approximately $57,000. Institutional investors and hedge funds own 84.87% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. OTR Global raised Constellation Brands to a “positive” rating in a report on Thursday, December 15th. TheStreet downgraded Constellation Brands from a “b” rating to a “c+” rating in a research report on Wednesday, March 1st. Deutsche Bank Aktiengesellschaft cut their target price on Constellation Brands from $249.00 to $245.00 and set a “hold” rating for the company in a research report on Wednesday, December 21st. Truist Financial cut their target price on Constellation Brands from $245.00 to $215.00 in a research report on Friday, January 6th. Finally, Evercore ISI raised their target price on Constellation Brands from $250.00 to $260.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 31st. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $252.76.

Constellation Brands Trading Down 2.2 %

Shares of STZ stock traded down $4.75 on Friday, reaching $210.90. 2,607,843 shares of the stock were exchanged, compared to its average volume of 1,508,380. The stock has a market cap of $38.92 billion, a PE ratio of 602.59, a P/E/G ratio of 2.02 and a beta of 1.01. Constellation Brands, Inc. has a one year low of $208.12 and a one year high of $261.52. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.29 and a quick ratio of 0.63. The stock has a 50 day moving average price of $223.52 and a 200 day moving average price of $233.63.

Constellation Brands (NYSE:STZ – Get Rating) last released its earnings results on Thursday, January 5th. The company reported $2.83 earnings per share for the quarter, missing analysts’ consensus estimates of $2.88 by ($0.05). The firm had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.38 billion. Constellation Brands had a return on equity of 19.69% and a net margin of 0.98%. The company’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.12 EPS. Equities research analysts forecast that Constellation Brands, Inc. will post 10.64 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 22nd. Stockholders of record on Wednesday, February 8th were given a dividend of $0.80 per share. The ex-dividend date was Tuesday, February 7th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.52%. Constellation Brands’s payout ratio is currently 914.31%.

Constellation Brands Profile

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Constellation Brands, Inc engages in the production, marketing, and distribution of beer, wine, and spirits. It operates through the following segments: Beer, Wine and Spirits, and Corporate Operations and Other, and Canopy. The Beer segment includes imported and craft beer brands. The Wine and Spirits segment sells wine brands across all categories-table wine, sparkling wine, and dessert wine-and across all price points.