ING Groep NV Buys 3,415 Shares of Constellation Brands, Inc. (NYSE:STZ)

ING Groep NV lifted its stake in Constellation Brands, Inc. (NYSE:STZ) by 3.8% during the fourth quarter, Holdings Channel reports. The fund owned 94,370 shares of the company’s stock after acquiring an additional 3,415 shares during the quarter. ING Groep NV’s holdings in Constellation Brands were worth $20,856,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in STZ. Compagnie Lombard Odier SCmA bought a new position in shares of Constellation Brands in the 4th quarter valued at approximately $27,000. Union Bancaire Privee UBP SA bought a new position in shares of Constellation Brands in the 4th quarter valued at approximately $28,000. Versant Capital Management Inc raised its stake in shares of Constellation Brands by 887.5% in the 4th quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock valued at $35,000 after acquiring an additional 142 shares in the last quarter. Eastern Bank bought a new position in Constellation Brands in the 3rd quarter worth approximately $39,000. Finally, FSA Wealth Management LLC bought a new position in Constellation Brands in the 3rd quarter worth approximately $42,000. 77.34% of the stock is owned by institutional investors.

Constellation Brands Price Performance

Shares of STZ stock opened at $172.25 on Friday. The stock’s fifty day simple moving average is $195.56 and its 200 day simple moving average is $226.30. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46. The firm has a market cap of $31.13 billion, a price-to-earnings ratio of 46.30, a P/E/G ratio of 1.49 and a beta of 0.90. Constellation Brands, Inc. has a one year low of $160.46 and a one year high of $274.87.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings results on Friday, January 10th. The company reported $3.25 EPS for the quarter, missing the consensus estimate of $3.33 by ($0.08). The company 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%. Constellation Brands’s quarterly revenue was down .3% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.19 EPS. On average, analysts expect that Constellation Brands, Inc. will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

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. This represents a $4.04 annualized dividend and a yield of 2.35%. The ex-dividend date of this dividend is Friday, February 7th. Constellation Brands’s dividend payout ratio is 108.60%.

Analyst Ratings Changes

STZ has been the topic of several recent analyst reports. Truist Financial dropped their price target on Constellation Brands from $255.00 to $190.00 and set a “hold” rating on the stock in a research report on Tuesday, January 14th. Evercore ISI dropped their price target on Constellation Brands from $300.00 to $250.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. Needham & Company LLC reaffirmed a “buy” rating and issued a $240.00 price target on shares of Constellation Brands in a research report on Monday, January 27th. UBS Group dropped their price target on Constellation Brands from $265.00 to $223.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. Finally, Wells Fargo & Company dropped their price target on Constellation Brands from $295.00 to $275.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Ten equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $254.29.

Insiders Place Their Bets

In other Constellation Brands news, Director William T. Giles acquired 1,000 shares of Constellation Brands stock in a transaction on Friday, January 17th. The shares were bought at an average price of $186.39 per share, with a total value of $186,390.00. Following the completion of the purchase, the director now 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 purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 12.19% of the company’s stock.

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.