Landscape Capital Management L.L.C. Increases Position in Constellation Brands Inc $STZ

Landscape Capital Management L.L.C. increased its position in shares of Constellation Brands Inc (NYSE:STZ) by 29.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 131,470 shares of the company’s stock after buying an additional 29,784 shares during the quarter. Constellation Brands accounts for 1.2% of Landscape Capital Management L.L.C.’s investment portfolio, making the stock its 4th biggest holding. Landscape Capital Management L.L.C.’s holdings in Constellation Brands were worth $18,138,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Choreo LLC raised its holdings in Constellation Brands by 2.1% during the fourth quarter. Choreo LLC now owns 3,116 shares of the company’s stock worth $437,000 after purchasing an additional 63 shares in the last quarter. HM Payson & Co. raised its holdings in Constellation Brands by 10.0% during the fourth quarter. HM Payson & Co. now owns 701 shares of the company’s stock worth $97,000 after purchasing an additional 64 shares in the last quarter. Clearstead Trust LLC raised its holdings in Constellation Brands by 14.2% during the fourth quarter. Clearstead Trust LLC now owns 548 shares of the company’s stock worth $76,000 after purchasing an additional 68 shares in the last quarter. Johnson Financial Group Inc. raised its holdings in Constellation Brands by 24.9% during the fourth quarter. Johnson Financial Group Inc. now owns 346 shares of the company’s stock worth $48,000 after purchasing an additional 69 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in Constellation Brands by 5.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,338 shares of the company’s stock worth $188,000 after purchasing an additional 74 shares in the last quarter. Institutional investors own 77.34% of the company’s stock.

Constellation Brands Price Performance

NYSE STZ opened at $148.45 on Friday. The stock has a market capitalization of $25.56 billion, a P/E ratio of 15.48, a P/E/G ratio of 3.44 and a beta of 0.39. Constellation Brands Inc has a 1 year low of $126.45 and a 1 year high of $178.13. The business’s fifty day moving average is $149.90 and its two-hundred day moving average is $149.82. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.55 and a current ratio of 1.08.

Constellation Brands (NYSE:STZ) last announced its earnings results on Wednesday, April 8th. The company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.19. Constellation Brands had a net margin of 17.29% and a return on equity of 26.18%. The company had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the previous year, the business earned $2.63 EPS. The company’s revenue was down 11.3% on a year-over-year basis. On average, research analysts forecast that Constellation Brands Inc will post 11.87 earnings per share for the current fiscal year.

Constellation Brands Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Wednesday, April 29th were issued a dividend of $1.03 per share. The ex-dividend date was Wednesday, April 29th. This represents a $4.12 annualized dividend and a dividend yield of 2.8%. This is an increase from Constellation Brands’s previous quarterly dividend of $1.02. Constellation Brands’s dividend payout ratio is presently 42.96%.

Insider Activity at Constellation Brands

In other news, EVP James O. Bourdeau sold 4,407 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $143.24, for a total transaction of $631,258.68. Following the transaction, the executive vice president directly owned 9,109 shares in the company, valued at $1,304,773.16. The trade was a 32.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 12.45% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on STZ shares. Deutsche Bank Aktiengesellschaft boosted their target price on Constellation Brands from $154.00 to $155.00 and gave the stock a “hold” rating in a report on Friday, April 10th. UBS Group upped their price target on Constellation Brands from $176.00 to $186.00 and gave the company a “buy” rating in a report on Friday, April 10th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $185.00 price target on shares of Constellation Brands in a report on Friday, April 10th. Morgan Stanley upped their price target on Constellation Brands from $160.00 to $183.00 and gave the company an “equal weight” rating in a report on Friday, April 10th. Finally, Evercore set a $175.00 price target on Constellation Brands and gave the company an “outperform” rating in a report on Friday, April 10th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Constellation Brands has a consensus rating of “Moderate Buy” and a consensus price target of $175.26.

About Constellation Brands

Constellation Brands, Inc is a leading producer and marketer of beer, wine and spirits, with operations spanning production, importation, marketing and distribution. The company’s beverage portfolio includes a range of premium and mainstream wines and spirits alongside major imported beer brands; in the U.S. market Constellation is widely known for its role in bringing Mexican imports such as Corona and Modelo to American consumers. Constellation supplies retail, on?premise and foodservice channels and supports its brands with national sales and marketing platforms and supply?chain capabilities.

The company traces its roots to the Canandaigua Wine Company, founded by Marvin Sands in 1945, and evolved through organic growth and acquisition into a diversified beverage company.