Vanguard Group Inc. Acquires 1,821,969 Shares of Constellation Brands, Inc. (NYSE:STZ)

Vanguard Group Inc. lifted its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 13.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 15,534,787 shares of the company’s stock after purchasing an additional 1,821,969 shares during the period. Vanguard Group Inc. owned 0.09% of Constellation Brands worth $3,433,188,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mainstream Capital Management LLC acquired a new position in Constellation Brands during the 4th quarter worth about $25,000. SBI Securities Co. Ltd. bought a new position in shares of Constellation Brands in the fourth quarter worth about $26,000. Compagnie Lombard Odier SCmA acquired a new position in shares of Constellation Brands during the fourth quarter worth approximately $27,000. Union Bancaire Privee UBP SA bought a new stake in shares of Constellation Brands during the fourth quarter valued at approximately $28,000. Finally, Versant Capital Management Inc increased 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 valued at $35,000 after purchasing an additional 142 shares in the last quarter. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on STZ shares. Needham & Company LLC reiterated a “buy” rating and issued a $240.00 price objective on shares of Constellation Brands in a research report on Monday, January 27th. Truist Financial lowered their price objective on Constellation Brands from $255.00 to $190.00 and set a “hold” rating for the company in a research report on Tuesday, January 14th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $203.00 target price (down previously from $262.00) on shares of Constellation Brands in a research note on Monday, January 13th. Jefferies Financial Group reissued a “hold” rating and set a $201.00 price target (down from $310.00) on shares of Constellation Brands in a research note on Monday, January 13th. Finally, TD Cowen lowered their target price on shares of Constellation Brands from $270.00 to $260.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $250.41.

Constellation Brands Stock Down 1.1 %

Shares of STZ stock opened at $178.35 on Wednesday. Constellation Brands, Inc. has a 12-month low of $160.46 and a 12-month high of $274.87. 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 firm has a fifty day moving average of $177.14 and a 200-day moving average of $215.89. The company has a market capitalization of $32.23 billion, a price-to-earnings ratio of 47.94, a P/E/G ratio of 1.52 and a beta of 0.90.

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

Constellation Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a $1.01 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.27%. Constellation Brands’s dividend payout ratio (DPR) is presently 108.60%.

Insider Transactions at Constellation Brands

In other Constellation Brands news, Director William T. Giles purchased 1,000 shares of the stock in a transaction on Friday, January 17th. The shares were purchased 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 of the company’s stock, valued at approximately $272,688.57. This represents a 215.98 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 12.19% of the stock is currently owned by insiders.

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.