Entropy Technologies LP Purchases 21,520 Shares of Constellation Brands, Inc. (NYSE:STZ)

Entropy Technologies LP raised its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 339.6% during the fourth quarter, according to 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 period. Constellation Brands makes up about 0.6% of Entropy Technologies LP’s investment portfolio, making the stock its 22nd largest position. Entropy Technologies LP’s holdings in Constellation Brands were worth $6,156,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Union Bancaire Privee UBP SA bought a new position in Constellation Brands during the fourth quarter valued at $28,000. Versant Capital Management Inc grew its holdings in shares of Constellation Brands by 887.5% in 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 last quarter. Eastern Bank bought a new position in shares of Constellation Brands in the third quarter worth about $39,000. FSA Wealth Management LLC bought a new position in shares of Constellation Brands in the third quarter worth about $42,000. Finally, Truvestments Capital LLC bought a new position in shares of Constellation Brands in the third quarter worth about $60,000. Institutional investors own 77.34% of the company’s stock.

Insider Activity at Constellation Brands

In related news, major shareholder Wildstar Partners Llc sold 660 shares of Constellation Brands stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $241.00, for a total value of $159,060.00. Following the sale, the insider now owns 1,736,884 shares of the company’s stock, valued at approximately $418,589,044. This trade represents a 0.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William T. Giles bought 1,000 shares of the stock in a transaction on Friday, January 17th. The shares were acquired at an average cost of $186.39 per share, for a total transaction of $186,390.00. Following the purchase, the director now owns 1,463 shares in the company, valued at $272,688.57. The trade was a 215.98 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In 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 company insiders.

Constellation Brands Stock Down 1.1 %

STZ stock opened at $169.05 on Friday. The firm has a 50 day moving average of $208.85 and a 200 day moving average of $231.37. The stock has a market capitalization of $30.55 billion, a PE ratio of 45.44, a price-to-earnings-growth 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, Inc. has a 52 week low of $166.02 and a 52 week high of $274.87.

Constellation Brands (NYSE:STZ) last posted its earnings results on Friday, January 10th. The company reported $3.25 earnings per share for the quarter, missing the consensus estimate of $3.33 by ($0.08). The firm had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.53 billion. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. Constellation Brands’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period last year, the firm earned $3.19 earnings per share. Sell-side analysts forecast that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Dividend Announcement

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

Wall Street Analysts Forecast Growth

STZ has been the topic of a number of research analyst reports. Truist Financial cut 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. Evercore ISI cut 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. Barclays lowered their price objective on shares of Constellation Brands from $282.00 to $214.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. Needham & Company LLC reaffirmed a “buy” rating and issued a $240.00 price objective on shares of Constellation Brands in a research note on Monday, January 27th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $201.00 price objective (down from $310.00) on shares of Constellation Brands in a research note on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Constellation Brands presently has an average rating of “Moderate Buy” and a consensus price target of $254.29.

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.