EntryPoint Capital LLC Takes $616,000 Position in Constellation Brands, Inc. (NYSE:STZ)

EntryPoint Capital LLC acquired a new position in shares of Constellation Brands, Inc. (NYSE:STZ) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 2,788 shares of the company’s stock, valued at approximately $616,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Van ECK Associates Corp lifted its position in shares of Constellation Brands by 1,844.7% in the fourth quarter. Van ECK Associates Corp now owns 924,274 shares of the company’s stock valued at $204,265,000 after acquiring an additional 876,745 shares in the last quarter. Copperleaf Capital LLC purchased a new position in Constellation Brands in the 4th quarter valued at about $343,000. Grimes & Company Inc. acquired a new stake in shares of Constellation Brands during the 4th quarter worth about $6,099,000. Empowered Funds LLC grew its holdings in shares of Constellation Brands by 62.8% during the fourth quarter. Empowered Funds LLC now owns 16,575 shares of the company’s stock worth $3,663,000 after buying an additional 6,391 shares in the last quarter. Finally, Southern Style Financial Inc. acquired a new position in shares of Constellation Brands in the fourth quarter valued at approximately $3,074,000. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Insider Activity

In other Constellation Brands news, Director William T. Giles bought 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 directly owns 1,463 shares in the company, valued at approximately $272,688.57. This trade represents a 215.98 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 12.19% of the company’s stock.

Constellation Brands Price Performance

STZ stock opened at $180.48 on Tuesday. The firm has a market cap of $32.62 billion, a P/E ratio of 48.52, a price-to-earnings-growth ratio of 1.52 and a beta of 0.90. 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 1 year low of $160.46 and a 1 year high of $274.87. The stock has a 50-day simple moving average of $177.22 and a 200-day simple moving average of $216.39.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings data 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). The firm had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.53 billion. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The firm’s revenue was down .3% compared to the same quarter last year. During the same period last year, the business earned $3.19 EPS. On average, equities analysts predict that Constellation Brands, Inc. will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a $1.01 dividend. The ex-dividend date was Friday, February 7th. This represents a $4.04 dividend on an annualized basis and a yield of 2.24%. Constellation Brands’s payout ratio is currently 108.60%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Piper Sandler lowered shares of Constellation Brands from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $245.00 to $200.00 in a research report on Monday, February 3rd. Roth Capital lowered their price objective on Constellation Brands from $298.00 to $284.00 and set a “buy” rating for the company in a research report on Friday, January 17th. Wells Fargo & Company reduced their target price on Constellation Brands from $295.00 to $275.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $203.00 price target (down previously from $262.00) on shares of Constellation Brands in a report on Monday, January 13th. Finally, Barclays cut their price objective on shares of Constellation Brands from $214.00 to $205.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $250.41.

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.