Gerber Kawasaki Wealth & Investment Management purchased a new position in Constellation Brands, Inc. (NYSE:STZ) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,231 shares of the company’s stock, valued at approximately $1,652,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Bessemer Group Inc. increased its position in Constellation Brands by 153.1% in the fourth quarter. Bessemer Group Inc. now owns 529 shares of the company’s stock worth $121,000 after buying an additional 320 shares in the last quarter. Cerebellum GP LLC bought a new position in shares of Constellation Brands in the fourth quarter worth about $134,000. Calton & Associates Inc. bought a new position in shares of Constellation Brands in the fourth quarter worth about $153,000. Valeo Financial Advisors LLC bought a new position in shares of Constellation Brands in the third quarter worth about $153,000. Finally, MPS Loria Financial Planners LLC bought a new position in shares of Constellation Brands in the second quarter worth about $157,000. Institutional investors and hedge funds own 75.45% of the company’s stock.
A number of equities analysts have recently weighed in on the company. Vetr raised Constellation Brands from a “buy” rating to a “strong-buy” rating and set a $238.15 price objective for the company in a research note on Monday. BMO Capital Markets assumed coverage on Constellation Brands in a research note on Monday. They issued an “outperform” rating and a $275.00 price objective for the company. Evercore ISI upped their price objective on Constellation Brands from $235.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, January 5th. Susquehanna Bancshares set a $207.00 price objective on Constellation Brands and gave the stock a “hold” rating in a research note on Monday, January 1st. Finally, Barclays assumed coverage on Constellation Brands in a research note on Wednesday, January 10th. They issued an “overweight” rating and a $255.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $237.77.
Shares of Constellation Brands, Inc. (NYSE STZ) opened at $214.15 on Thursday. The stock has a market capitalization of $42,113.82, a P/E ratio of 26.09, a PEG ratio of 1.33 and a beta of 0.11. Constellation Brands, Inc. has a one year low of $152.01 and a one year high of $229.50. The company has a quick ratio of 0.54, a current ratio of 1.40 and a debt-to-equity ratio of 1.01.
Constellation Brands (NYSE:STZ) last posted its quarterly earnings data on Friday, January 5th. The company reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.13. The business had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.87 billion. Constellation Brands had a return on equity of 22.04% and a net margin of 22.55%. During the same period last year, the company earned $1.96 EPS. sell-side analysts predict that Constellation Brands, Inc. will post 8.53 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Friday, February 9th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend is Thursday, February 8th. Constellation Brands’s payout ratio is 10.13%.
Constellation Brands announced that its board has initiated a stock repurchase plan on Friday, January 5th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.
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Constellation Brands Company Profile
Constellation Brands, Inc is an international beverage alcohol company. The Company is a producer and marketer of beer, wine and spirits with operations in the United States, Canada, Mexico, New Zealand and Italy. Its segments include Beer, Wine and Spirits, and Corporate Operations and Other. It is a multi-category supplier (beer, wine and spirits) of beverage alcohol in the United States.
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