Mn Services Vermogensbeheer B.V. Has $18.66 Million Stock Position in Constellation Brands, Inc. (NYSE:STZ)

Mn Services Vermogensbeheer B.V. decreased its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 3.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 77,200 shares of the company’s stock after selling 2,900 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Constellation Brands were worth $18,663,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Indiana Trust & Investment Management CO acquired a new stake in shares of Constellation Brands in the third quarter worth about $25,000. Impact Partnership Wealth LLC lifted its position in shares of Constellation Brands by 1,175.0% in the third quarter. Impact Partnership Wealth LLC now owns 102 shares of the company’s stock worth $26,000 after buying an additional 94 shares during the last quarter. BKM Wealth Management LLC acquired a new stake in shares of Constellation Brands in the fourth quarter worth about $28,000. Asset Dedication LLC lifted its position in shares of Constellation Brands by 3,833.3% in the third quarter. Asset Dedication LLC now owns 118 shares of the company’s stock worth $30,000 after buying an additional 115 shares during the last quarter. Finally, Resurgent Financial Advisors LLC acquired a new stake in shares of Constellation Brands in the fourth quarter worth about $34,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on STZ. TheStreet cut Constellation Brands from a “b” rating to a “c+” rating in a research report on Friday, January 5th. Piper Sandler initiated coverage on Constellation Brands in a research note on Friday, March 22nd. They issued an “overweight” rating and a $300.00 price objective on the stock. HSBC lifted their price objective on Constellation Brands from $290.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday. UBS Group lifted their price objective on Constellation Brands from $312.00 to $320.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Argus lowered Constellation Brands from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Four research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $298.11.

Constellation Brands Trading Down 2.3 %

NYSE:STZ traded down $6.10 during trading hours on Friday, hitting $262.24. 1,629,401 shares of the stock were exchanged, compared to its average volume of 1,318,122. The company’s 50 day moving average is $256.84 and its two-hundred day moving average is $246.99. Constellation Brands, Inc. has a twelve month low of $221.81 and a twelve month high of $274.87. The company has a quick ratio of 0.46, a current ratio of 1.19 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $47.94 billion, a P/E ratio of 27.96, a price-to-earnings-growth ratio of 1.82 and a beta of 0.97.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings data 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. Constellation Brands had a return on equity of 23.06% and a net margin of 16.13%. The firm had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter in the prior year, the business earned $1.98 EPS. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Constellation Brands, Inc. will post 13.43 earnings per share for the current fiscal year.

Constellation Brands Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 3rd will be issued a dividend of $1.01 per share. This is an increase from Constellation Brands’s previous quarterly dividend of $0.89. The ex-dividend date is Thursday, May 2nd. This represents a $4.04 annualized dividend and a yield of 1.54%. Constellation Brands’s dividend payout ratio is currently 43.07%.

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 Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Victoria, Vicky Chamoy, and Pacifico brands.