MGO One Seven LLC Sells 3,137 Shares of Constellation Brands, Inc. (NYSE:STZ)

MGO One Seven LLC decreased its position in Constellation Brands, Inc. (NYSE:STZ) by 60.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,047 shares of the company’s stock after selling 3,137 shares during the quarter. MGO One Seven LLC’s holdings in Constellation Brands were worth $452,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Mainstream Capital Management LLC bought a new stake in Constellation Brands during the fourth quarter worth approximately $25,000. SBI Securities Co. Ltd. bought a new stake in Constellation Brands during the fourth quarter worth approximately $26,000. Compagnie Lombard Odier SCmA bought a new stake in Constellation Brands during the fourth quarter worth approximately $27,000. Union Bancaire Privee UBP SA bought a new stake in Constellation Brands during the fourth quarter worth approximately $28,000. Finally, Versant Capital Management Inc boosted its position in Constellation Brands by 887.5% during the fourth quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock worth $35,000 after purchasing an additional 142 shares during the period. Institutional investors own 77.34% of the company’s stock.

Constellation Brands Trading Down 1.1 %

STZ stock opened at $185.36 on Monday. The business’s 50 day moving average is $180.88 and its 200-day moving average is $204.36. Constellation Brands, Inc. has a 1-year low of $160.46 and a 1-year high of $265.70. The firm has a market cap of $33.50 billion, a P/E ratio of 49.83, a P/E/G ratio of 1.52 and a beta of 1.75. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Wednesday, April 9th. The company reported $2.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.28 by $0.35. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The firm had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same period in the prior year, the company posted $2.26 earnings per share. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. Equities analysts anticipate that Constellation Brands, Inc. will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Tuesday, April 29th will be paid a dividend of $1.02 per share. This is a positive change from Constellation Brands’s previous quarterly dividend of $1.01. This represents a $4.08 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend is Tuesday, April 29th. Constellation Brands’s dividend payout ratio is currently -800.00%.

Analyst Ratings Changes

A number of brokerages have issued reports on STZ. StockNews.com cut Constellation Brands from a “hold” rating to a “sell” rating in a research report on Thursday, April 17th. Argus lowered Constellation Brands from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Royal Bank of Canada cut their price target on Constellation Brands from $289.00 to $233.00 and set an “outperform” rating for the company in a report on Monday, April 14th. Truist Financial cut their price target on Constellation Brands from $255.00 to $190.00 and set a “hold” rating for the company in a report on Tuesday, January 14th. Finally, Morgan Stanley cut their price target on Constellation Brands from $202.00 to $195.00 and set an “equal weight” rating for the company in a report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $224.42.

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.