Constellation Brands, Inc. (NYSE:STZ) Shares Bought by Fayez Sarofim & Co

Fayez Sarofim & Co lifted its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 22.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,390 shares of the company’s stock after buying an additional 2,850 shares during the quarter. Fayez Sarofim & Co’s holdings in Constellation Brands were worth $3,401,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. World Investment Advisors LLC grew its position in shares of Constellation Brands by 36.6% in the third quarter. World Investment Advisors LLC now owns 2,550 shares of the company’s stock valued at $657,000 after purchasing an additional 683 shares during the last quarter. Arvest Bank Trust Division acquired a new position in shares of Constellation Brands in the third quarter worth $243,000. Wilmington Savings Fund Society FSB lifted its position in shares of Constellation Brands by 260.7% in the third quarter. Wilmington Savings Fund Society FSB now owns 20,495 shares of the company’s stock valued at $5,281,000 after acquiring an additional 14,813 shares in the last quarter. Oddo BHF Asset Management Sas acquired a new stake in shares of Constellation Brands during the third quarter valued at $223,000. Finally, Copley Financial Group Inc. purchased a new stake in Constellation Brands during the 3rd quarter worth about $455,000. 77.34% of the stock is currently owned by hedge funds and other institutional investors.

Constellation Brands Stock Up 0.6 %

Shares of NYSE STZ opened at $187.69 on Tuesday. The stock has a fifty day moving average price of $179.10 and a 200 day moving average price of $205.88. The company has a market cap of $33.92 billion, a P/E ratio of 50.45, a P/E/G ratio of 1.52 and a beta of 1.75. Constellation Brands, Inc. has a 12-month low of $160.46 and a 12-month high of $265.70. 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 (NYSE:STZ) last announced its earnings results on Wednesday, April 9th. The company reported $2.63 EPS for the quarter, beating the consensus estimate of $2.28 by $0.35. The business had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.14 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. During the same period last year, the business posted $2.26 EPS. The company’s revenue was up 1.2% on a year-over-year basis. Research analysts anticipate that Constellation Brands, Inc. will post 13.5 EPS for the current fiscal year.

Constellation Brands Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Tuesday, April 29th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.17%. This is a positive change from Constellation Brands’s previous quarterly dividend of $1.01. The ex-dividend date is Tuesday, April 29th. Constellation Brands’s dividend payout ratio (DPR) is presently -800.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Roth Mkm decreased their price target on shares of Constellation Brands from $284.00 to $256.00 and set a “buy” rating on the stock in a research note on Thursday, April 3rd. BMO Capital Markets lowered their target price on shares of Constellation Brands from $260.00 to $215.00 and set an “outperform” rating for the company in a research note on Friday, April 11th. Piper Sandler lowered Constellation Brands from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $245.00 to $200.00 in a research note on Monday, February 3rd. Citigroup dropped their target price on Constellation Brands from $200.00 to $190.00 and set a “neutral” rating for the company in a research note on Friday, April 11th. Finally, Barclays raised their price target on Constellation Brands from $203.00 to $207.00 and gave the stock an “overweight” rating in a research note on Monday, April 14th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $224.42.

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.