Capital International Sarl Buys 112,259 Shares of Constellation Brands Inc $STZ

Capital International Sarl increased its stake in Constellation Brands Inc (NYSE:STZ) by 968.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 123,850 shares of the company’s stock after purchasing an additional 112,259 shares during the quarter. Capital International Sarl’s holdings in Constellation Brands were worth $17,086,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Choreo LLC raised its holdings in shares of Constellation Brands by 2.1% in the 4th quarter. Choreo LLC now owns 3,116 shares of the company’s stock worth $437,000 after purchasing an additional 63 shares during the period. Clearstead Trust LLC raised its holdings in shares of Constellation Brands by 14.2% in the 4th quarter. Clearstead Trust LLC now owns 548 shares of the company’s stock worth $76,000 after purchasing an additional 68 shares during the period. Dynamic Advisor Solutions LLC raised its holdings in Constellation Brands by 2.2% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 3,507 shares of the company’s stock valued at $484,000 after acquiring an additional 76 shares during the period. Larson Financial Group LLC raised its holdings in Constellation Brands by 2.6% during the 4th quarter. Larson Financial Group LLC now owns 3,610 shares of the company’s stock valued at $498,000 after acquiring an additional 93 shares during the period. Finally, Sigma Planning Corp raised its holdings in Constellation Brands by 4.0% during the 4th quarter. Sigma Planning Corp now owns 2,458 shares of the company’s stock valued at $325,000 after acquiring an additional 95 shares during the period. Institutional investors own 77.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on STZ shares. Evercore set a $175.00 target price on shares of Constellation Brands and gave the company an “outperform” rating in a report on Friday, April 10th. Barclays boosted their target price on shares of Constellation Brands from $151.00 to $170.00 and gave the company an “equal weight” rating in a report on Friday, April 10th. Morgan Stanley boosted their target price on shares of Constellation Brands from $160.00 to $183.00 and gave the company an “equal weight” rating in a report on Friday, April 10th. Piper Sandler boosted their target price on shares of Constellation Brands from $146.00 to $160.00 and gave the company a “neutral” rating in a report on Friday, April 10th. Finally, Needham & Company LLC boosted their target price on shares of Constellation Brands from $180.00 to $185.00 and gave the company a “buy” rating in a report on Friday, April 10th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Constellation Brands has an average rating of “Moderate Buy” and a consensus price target of $175.26.

Constellation Brands Trading Up 2.4%

Shares of STZ stock opened at $141.11 on Friday. The company’s fifty day simple moving average is $150.69 and its two-hundred day simple moving average is $149.41. The stock has a market capitalization of $24.30 billion, a price-to-earnings ratio of 14.71, a PEG ratio of 3.26 and a beta of 0.39. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.08 and a quick ratio of 0.55. Constellation Brands Inc has a 1 year low of $126.45 and a 1 year high of $178.13.

Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Wednesday, April 8th. The company reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.19. The firm had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.84 billion. Constellation Brands had a net margin of 17.29% and a return on equity of 26.18%. The business’s revenue for the quarter was down 11.3% on a year-over-year basis. During the same period in the previous year, the business earned $2.63 EPS. As a group, analysts anticipate that Constellation Brands Inc will post 11.87 earnings per share for the current year.

Constellation Brands Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Wednesday, April 29th were given a dividend of $1.03 per share. This is an increase from Constellation Brands’s previous quarterly dividend of $1.02. The ex-dividend date was Wednesday, April 29th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.9%. Constellation Brands’s dividend payout ratio (DPR) is presently 42.96%.

Insider Activity at Constellation Brands

In other news, EVP James O. Bourdeau sold 4,407 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $143.24, for a total transaction of $631,258.68. Following the completion of the transaction, the executive vice president directly owned 9,109 shares in the company, valued at $1,304,773.16. The trade was a 32.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 12.45% of the stock is owned by company insiders.

About Constellation Brands

Constellation Brands, Inc is a leading producer and marketer of beer, wine and spirits, with operations spanning production, importation, marketing and distribution. The company’s beverage portfolio includes a range of premium and mainstream wines and spirits alongside major imported beer brands; in the U.S. market Constellation is widely known for its role in bringing Mexican imports such as Corona and Modelo to American consumers. Constellation supplies retail, on?premise and foodservice channels and supports its brands with national sales and marketing platforms and supply?chain capabilities.

The company traces its roots to the Canandaigua Wine Company, founded by Marvin Sands in 1945, and evolved through organic growth and acquisition into a diversified beverage company.