Entropy Technologies LP Grows Stake in Constellation Brands, Inc. (NYSE:STZ)

Entropy Technologies LP raised its stake in Constellation Brands, Inc. (NYSE:STZ) by 339.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,857 shares of the company’s stock after acquiring an additional 21,520 shares during the quarter. Constellation Brands makes up 0.6% of Entropy Technologies LP’s holdings, making the stock its 22nd biggest position. Entropy Technologies LP’s holdings in Constellation Brands were worth $6,156,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Empowered Funds LLC boosted its stake in Constellation Brands by 62.8% in the fourth quarter. Empowered Funds LLC now owns 16,575 shares of the company’s stock valued at $3,663,000 after acquiring an additional 6,391 shares during the last quarter. Kingsview Wealth Management LLC lifted its stake in shares of Constellation Brands by 2.7% during the 4th quarter. Kingsview Wealth Management LLC now owns 5,482 shares of the company’s stock valued at $1,211,000 after buying an additional 144 shares in the last quarter. Platform Technology Partners lifted its stake in shares of Constellation Brands by 3.7% during the 4th quarter. Platform Technology Partners now owns 6,061 shares of the company’s stock valued at $1,340,000 after buying an additional 214 shares in the last quarter. Lecap Asset Management Ltd. purchased a new stake in shares of Constellation Brands during the 4th quarter valued at approximately $1,836,000. Finally, Golden State Wealth Management LLC purchased a new stake in shares of Constellation Brands during the 4th quarter valued at approximately $206,000. 77.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director William T. Giles bought 1,000 shares of the stock in a transaction dated Friday, January 17th. The shares were purchased at an average price of $186.39 per share, with a total value of $186,390.00. Following the completion of the acquisition, the director now owns 1,463 shares of the company’s stock, valued at $272,688.57. This represents a 215.98 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Wildstar Partners Llc sold 660 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $241.00, for a total transaction of $159,060.00. Following the completion of the transaction, the insider now directly owns 1,736,884 shares in the company, valued at $418,589,044. This trade represents a 0.04 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 61,746 shares of company stock valued at $15,017,097. 12.19% of the stock is owned by insiders.

Constellation Brands Stock Performance

Shares of STZ stock opened at $169.05 on Friday. The company has a 50 day moving average price of $208.85 and a 200-day moving average price of $231.37. Constellation Brands, Inc. has a 52 week low of $166.02 and a 52 week high of $274.87. The firm has a market capitalization of $30.55 billion, a PE ratio of 45.44, a P/E/G ratio of 1.51 and a beta of 0.90. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings data on Friday, January 10th. The company reported $3.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.08). The business had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.53 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The business’s quarterly revenue was down .3% compared to the same quarter last year. During the same period in the previous year, the business posted $3.19 EPS. As a group, equities research analysts expect that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be issued a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend is Friday, February 7th. Constellation Brands’s payout ratio is 108.60%.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. TD Cowen dropped their price target on shares of Constellation Brands from $270.00 to $260.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. StockNews.com lowered shares of Constellation Brands from a “hold” rating to a “sell” rating in a report on Wednesday. Wells Fargo & Company decreased their price target on shares of Constellation Brands from $295.00 to $275.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Evercore ISI decreased their price target on shares of Constellation Brands from $300.00 to $250.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. Finally, Truist Financial decreased their price target on shares of Constellation Brands from $255.00 to $190.00 and set a “hold” rating on the stock in a report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $254.29.

Constellation Brands 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.