Simplicity Solutions LLC Has $655,000 Stock Position in Constellation Brands, Inc. (NYSE:STZ)

Simplicity Solutions LLC lifted its stake in Constellation Brands, Inc. (NYSE:STZ) by 2.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,708 shares of the company’s stock after acquiring an additional 74 shares during the quarter. Simplicity Solutions LLC’s holdings in Constellation Brands were worth $655,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of STZ. Impact Partnership Wealth LLC grew its holdings in Constellation Brands by 1,175.0% during the third quarter. Impact Partnership Wealth LLC now owns 102 shares of the company’s stock worth $26,000 after purchasing an additional 94 shares during the period. BKM Wealth Management LLC bought a new position in Constellation Brands during the fourth quarter worth about $28,000. Asset Dedication LLC grew its holdings in Constellation Brands by 3,833.3% during the third quarter. Asset Dedication LLC now owns 118 shares of the company’s stock worth $30,000 after purchasing an additional 115 shares during the period. Resurgent Financial Advisors LLC bought a new position in Constellation Brands during the fourth quarter worth about $34,000. Finally, Turtle Creek Wealth Advisors LLC bought a new position in Constellation Brands during the fourth quarter worth about $37,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

Constellation Brands Stock Down 0.2 %

Shares of NYSE:STZ opened at $257.31 on Thursday. The company has a fifty day moving average of $257.51 and a 200-day moving average of $247.13. The company has a market capitalization of $47.04 billion, a PE ratio of 27.43, a price-to-earnings-growth ratio of 1.75 and a beta of 0.97. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.53 and a current ratio of 1.19. Constellation Brands, Inc. has a 52-week low of $221.81 and a 52-week high of $274.87.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings results on Thursday, April 11th. The company reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.10 by $0.16. The company had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.09 billion. Constellation Brands had a net margin of 16.13% and a return on equity of 23.06%. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.98 earnings per share. On average, equities analysts predict that Constellation Brands, Inc. will post 13.5 EPS for the current fiscal year.

Constellation Brands Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 3rd will be issued a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a yield of 1.57%. This is an increase from Constellation Brands’s previous quarterly dividend of $0.89. The ex-dividend date is Thursday, May 2nd. Constellation Brands’s dividend payout ratio is presently 37.95%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Royal Bank of Canada lifted their price target on Constellation Brands from $295.00 to $308.00 and gave the stock an “outperform” rating in a report on Friday, April 12th. Argus upgraded Constellation Brands from a “hold” rating to a “buy” rating and set a $306.00 price objective for the company in a report on Monday. Bank of America boosted their price objective on Constellation Brands from $290.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Wedbush restated an “outperform” rating and set a $300.00 price objective on shares of Constellation Brands in a report on Wednesday, April 10th. Finally, Piper Sandler initiated coverage on Constellation Brands in a report on Friday, March 22nd. They set an “overweight” rating and a $300.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, Constellation Brands presently has a consensus rating of “Moderate Buy” and an average target price of $298.55.

Insider Activity at Constellation Brands

In other Constellation Brands news, EVP James A. Jr. Sabia sold 15,781 shares of the company’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $263.63, for a total transaction of $4,160,345.03. Following the sale, the executive vice president now owns 20,910 shares of the company’s stock, valued at $5,512,503.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 16.19% of the stock is currently owned by company 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 Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Victoria, Vicky Chamoy, and Pacifico brands.