Constellation Brands, Inc. (NYSE:STZ) Shares Purchased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lifted its position in Constellation Brands, Inc. (NYSE:STZ) by 7.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 21,135 shares of the company’s stock after acquiring an additional 1,457 shares during the period. Daiwa Securities Group Inc.’s holdings in Constellation Brands were worth $4,671,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in STZ. AlphaQuest LLC boosted its stake in Constellation Brands by 110,400.0% during the fourth quarter. AlphaQuest LLC now owns 1,105 shares of the company’s stock worth $244,000 after buying an additional 1,104 shares during the last quarter. OFI Invest Asset Management acquired a new position in Constellation Brands during the fourth quarter worth $31,656,000. Amundi boosted its stake in Constellation Brands by 54.9% during the fourth quarter. Amundi now owns 453,180 shares of the company’s stock worth $99,373,000 after buying an additional 160,563 shares during the last quarter. Naviter Wealth LLC acquired a new position in Constellation Brands during the fourth quarter worth $412,000. Finally, Rialto Wealth Management LLC acquired a new position in Constellation Brands during the fourth quarter worth $37,000. 77.34% of the stock is owned by institutional investors and hedge funds.

Constellation Brands Price Performance

STZ stock opened at $183.95 on Thursday. The business’s fifty day moving average price is $182.22 and its 200 day moving average price is $220.07. 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, Inc. has a 12-month low of $160.46 and a 12-month high of $274.87. The company has a market capitalization of $33.24 billion, a PE ratio of 49.45, a P/E/G ratio of 1.52 and a beta of 1.75.

Constellation Brands (NYSE:STZ) last issued its quarterly 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). 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 analysts’ expectations of $2.53 billion. During the same quarter last year, the company earned $3.19 EPS. Constellation Brands’s revenue for the quarter was down .3% compared to the same quarter last year. On average, sell-side analysts anticipate that Constellation Brands, Inc. will post 13.5 EPS for the current year.

Constellation Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a dividend of $1.01 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.04 annualized dividend and a yield of 2.20%. Constellation Brands’s dividend payout ratio (DPR) is 108.60%.

Insiders Place Their Bets

In related news, Director William T. Giles purchased 1,000 shares of the business’s stock in a transaction on Friday, January 17th. The shares were bought at an average price of $186.39 per share, for a total transaction of $186,390.00. Following the acquisition, the director now directly owns 1,463 shares in the company, valued at $272,688.57. This trade represents a 215.98 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 12.19% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on STZ shares. UBS Group lowered their price objective on Constellation Brands from $265.00 to $223.00 and set a “buy” rating on the stock in a research note on Friday, January 17th. Royal Bank of Canada lowered their price objective on Constellation Brands from $293.00 to $289.00 and set an “outperform” rating on the stock in a research note on Friday, March 7th. Argus lowered Constellation Brands from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Truist Financial decreased their price target on Constellation Brands from $255.00 to $190.00 and set a “hold” rating on the stock in a research note on Tuesday, January 14th. Finally, Piper Sandler lowered Constellation Brands from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $245.00 to $200.00 in a research note on Monday, February 3rd. Eleven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Constellation Brands currently has a consensus rating of “Moderate Buy” and a consensus target price of $253.24.

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.