Callahan Advisors LLC Buys 628 Shares of Constellation Brands, Inc. (NYSE:STZ)

Callahan Advisors LLC raised its stake in Constellation Brands, Inc. (NYSE:STZ) by 77.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,438 shares of the company’s stock after acquiring an additional 628 shares during the period. Callahan Advisors LLC’s holdings in Constellation Brands were worth $318,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of STZ. Compagnie Lombard Odier SCmA bought a new stake in Constellation Brands during the fourth quarter worth about $27,000. Union Bancaire Privee UBP SA bought a new position in Constellation Brands in the 4th quarter valued at about $28,000. Versant Capital Management Inc raised its position in shares of Constellation Brands by 887.5% in the 4th quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock valued at $35,000 after buying an additional 142 shares in the last quarter. Eastern Bank bought a new stake in shares of Constellation Brands during the 3rd quarter worth approximately $39,000. Finally, FSA Wealth Management LLC acquired a new stake in shares of Constellation Brands during the 3rd quarter worth approximately $42,000. 77.34% of the stock is currently owned by institutional investors.

Constellation Brands Stock Up 3.8 %

Constellation Brands stock opened at $169.11 on Wednesday. The firm has a 50 day moving average price of $198.25 and a two-hundred day moving average price of $227.06. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 1.10. Constellation Brands, Inc. has a 52-week low of $160.46 and a 52-week high of $274.87. The firm has a market cap of $30.56 billion, a price-to-earnings ratio of 45.46, a PEG ratio of 1.51 and a beta of 1.75.

Constellation Brands (NYSE:STZ) last released 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 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 analyst estimates of $2.53 billion. During the same quarter in the previous year, the firm earned $3.19 EPS. Constellation Brands’s quarterly revenue was down .3% on a year-over-year basis. Equities analysts predict that Constellation Brands, Inc. will post 13.5 EPS for the current year.

Constellation Brands Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.04 annualized dividend and a yield of 2.39%. Constellation Brands’s dividend payout ratio is currently 108.60%.

Analyst Ratings Changes

Several brokerages have commented on STZ. Piper Sandler downgraded shares of Constellation Brands from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $245.00 to $200.00 in a research report on Monday, February 3rd. Roth Capital lowered their price target on Constellation Brands from $298.00 to $284.00 and set a “buy” rating for the company in a report on Friday, January 17th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $293.00 price objective on shares of Constellation Brands in a research note on Monday, February 3rd. Barclays decreased their target price on Constellation Brands from $282.00 to $214.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Finally, Needham & Company LLC restated a “buy” rating and issued a $240.00 price target on shares of Constellation Brands in a research note on Monday, January 27th. Ten research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Constellation Brands currently has a consensus rating of “Moderate Buy” and an average price target of $254.29.

Insiders Place Their Bets

In related news, Director William T. Giles acquired 1,000 shares of Constellation Brands stock in a transaction dated 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 $272,688.57. This represents a 215.98 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 12.19% of the stock is currently owned by corporate insiders.

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.