Constellation Brands, Inc. (NYSE:STZ) Shares Acquired by Edmond DE Rothschild Holding S.A.

Edmond DE Rothschild Holding S.A. lifted its position in Constellation Brands, Inc. (NYSE:STZ) by 5.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,368 shares of the company’s stock after purchasing an additional 1,168 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in Constellation Brands were worth $5,164,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in STZ. Vanguard Group Inc. grew its position in shares of Constellation Brands by 13.3% during the fourth quarter. Vanguard Group Inc. now owns 15,534,787 shares of the company’s stock worth $3,433,188,000 after acquiring an additional 1,821,969 shares during the last quarter. State Street Corp grew its position in Constellation Brands by 6.0% during the 3rd quarter. State Street Corp now owns 7,144,428 shares of the company’s stock worth $1,841,048,000 after purchasing an additional 402,211 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Constellation Brands by 13.2% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,176,095 shares of the company’s stock valued at $482,919,000 after purchasing an additional 253,445 shares during the period. Norges Bank acquired a new position in Constellation Brands in the fourth quarter valued at $445,883,000. Finally, Janus Henderson Group PLC boosted its stake in shares of Constellation Brands by 1.2% during the third quarter. Janus Henderson Group PLC now owns 1,853,081 shares of the company’s stock worth $477,515,000 after buying an additional 21,454 shares during the period. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. restated a “neutral” rating and issued a $203.00 price target (down previously from $262.00) on shares of Constellation Brands in a research report on Monday, January 13th. Piper Sandler lowered Constellation Brands from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $245.00 to $200.00 in a report on Monday, February 3rd. Roth Capital decreased their price target on Constellation Brands from $298.00 to $284.00 and set a “buy” rating for the company in a report on Friday, January 17th. Truist Financial dropped their price objective on shares of 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, Morgan Stanley cut shares of Constellation Brands from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $220.00 to $202.00 in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Constellation Brands currently has an average rating of “Hold” and a consensus target price of $249.18.

Constellation Brands Stock Down 0.1 %

Constellation Brands stock opened at $183.51 on Tuesday. The firm has a market capitalization of $33.17 billion, a price-to-earnings ratio of 49.33, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 1.10. Constellation Brands, Inc. has a fifty-two week low of $160.46 and a fifty-two week high of $274.87. The stock’s fifty day moving average is $177.18 and its two-hundred day moving average is $214.02.

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). Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The business had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.53 billion. During the same quarter last year, the business posted $3.19 earnings per share. The business’s revenue was down .3% compared to the same quarter last year. Analysts predict that Constellation Brands, Inc. will post 13.5 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

The business also recently announced 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. This represents a $4.04 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date was Friday, February 7th. Constellation Brands’s dividend payout ratio (DPR) is presently 108.60%.

Insiders Place Their Bets

In related news, Director William T. Giles acquired 1,000 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The shares were acquired 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 directly owns 1,463 shares in the company, valued at approximately $272,688.57. The trade was a 215.98 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 12.19% of the stock is currently owned by company insiders.

Constellation Brands 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.