Barden Capital Management Inc. Has $1.23 Million Stock Position in Constellation Brands, Inc. (NYSE:STZ)

Barden Capital Management Inc. increased its position in Constellation Brands, Inc. (NYSE:STZ) by 1.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,574 shares of the company’s stock after purchasing an additional 72 shares during the quarter. Barden Capital Management Inc.’s holdings in Constellation Brands were worth $1,232,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Metis Global Partners LLC grew its position in shares of Constellation Brands by 0.8% during the 3rd quarter. Metis Global Partners LLC now owns 5,570 shares of the company’s stock worth $1,435,000 after buying an additional 46 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its position in shares of Constellation Brands by 1.3% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,205 shares of the company’s stock worth $1,084,000 after buying an additional 52 shares during the period. KCM Investment Advisors LLC grew its position in shares of Constellation Brands by 1.7% during the 3rd quarter. KCM Investment Advisors LLC now owns 3,382 shares of the company’s stock worth $872,000 after buying an additional 56 shares during the period. Allworth Financial LP grew its position in shares of Constellation Brands by 0.8% during the 4th quarter. Allworth Financial LP now owns 7,357 shares of the company’s stock worth $1,626,000 after buying an additional 59 shares during the period. Finally, BSW Wealth Partners grew its position in shares of Constellation Brands by 4.2% during the 4th quarter. BSW Wealth Partners now owns 1,563 shares of the company’s stock worth $345,000 after buying an additional 63 shares during the period. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Constellation Brands Trading Up 2.8 %

Shares of Constellation Brands stock opened at $179.00 on Friday. Constellation Brands, Inc. has a 12-month low of $160.46 and a 12-month high of $274.87. The stock has a market cap of $32.35 billion, a P/E ratio of 48.12, a P/E/G ratio of 1.52 and a beta of 1.75. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26. The business’s 50 day moving average is $185.00 and its 200-day moving average is $221.84.

Constellation Brands (NYSE:STZ) last announced 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). Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The company had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.53 billion. During the same quarter in the prior year, the company earned $3.19 EPS. The company’s revenue for the quarter was down .3% on a year-over-year basis. Equities research analysts predict that Constellation Brands, Inc. will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date was Friday, February 7th. Constellation Brands’s payout ratio is presently 108.60%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on STZ. Wells Fargo & Company decreased their target price on Constellation Brands from $295.00 to $275.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. BNP Paribas began coverage on Constellation Brands in a research report on Monday, November 25th. They issued a “neutral” rating and a $261.00 price objective for the company. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $203.00 price objective (down from $262.00) on shares of Constellation Brands in a research report on Monday, January 13th. Roth Capital decreased their price objective on Constellation Brands from $298.00 to $284.00 and set a “buy” rating for the company in a research report on Friday, January 17th. Finally, TD Cowen decreased their price objective on Constellation Brands from $270.00 to $260.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Eleven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $253.43.

Insider Buying and Selling

In other Constellation Brands news, Director William T. Giles bought 1,000 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The shares were acquired at an average cost of $186.39 per share, with a total value of $186,390.00. Following the acquisition, the director now owns 1,463 shares of the company’s stock, valued at $272,688.57. The trade was a 215.98 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 12.19% of the stock is owned by insiders.

About Constellation Brands

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.