Constellation Brands, Inc. (NYSE:STZ) Shares Sold by Nissay Asset Management Corp Japan ADV

Nissay Asset Management Corp Japan ADV cut its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 0.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 19,930 shares of the company’s stock after selling 170 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Constellation Brands were worth $4,439,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mainstream Capital Management LLC acquired a new position in shares of Constellation Brands during the fourth quarter worth about $25,000. SBI Securities Co. Ltd. acquired a new position in shares of Constellation Brands during the fourth quarter worth about $26,000. Compagnie Lombard Odier SCmA purchased a new stake in Constellation Brands during the fourth quarter worth approximately $27,000. Union Bancaire Privee UBP SA purchased a new stake in Constellation Brands during the fourth quarter worth approximately $28,000. Finally, Minot DeBlois Advisors LLC purchased a new stake in Constellation Brands during the fourth quarter worth approximately $29,000. 77.34% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Constellation Brands

In other news, EVP Samuel J. Glaetzer sold 3,150 shares of the company’s stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $188.54, for a total transaction of $593,901.00. Following the completion of the sale, the executive vice president now owns 3,126 shares in the company, valued at $589,376.04. This represents a 50.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 12.19% of the company’s stock.

Constellation Brands Price Performance

Shares of NYSE STZ opened at $195.75 on Friday. 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, Inc. has a twelve month low of $160.46 and a twelve month high of $265.70. The stock has a 50 day moving average of $184.10 and a two-hundred day moving average of $199.45. The stock has a market cap of $34.85 billion, a P/E ratio of 52.62, a P/E/G ratio of 1.52 and a beta of 1.75.

Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Wednesday, April 9th. The company reported $2.63 EPS for the quarter, topping the consensus estimate of $2.28 by $0.35. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The business had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.14 billion. During the same quarter in the prior year, the business earned $2.26 earnings per share. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, research analysts forecast that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Tuesday, April 29th were paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 2.08%. The ex-dividend date was Tuesday, April 29th. This is a boost from Constellation Brands’s previous quarterly dividend of $1.01. Constellation Brands’s dividend payout ratio is -800.00%.

Analyst Upgrades and Downgrades

STZ has been the subject of several recent analyst reports. Royal Bank of Canada decreased their target price on Constellation Brands from $289.00 to $233.00 and set an “outperform” rating for the company in a research note on Monday, April 14th. Barclays boosted their target price on Constellation Brands from $203.00 to $207.00 and gave the stock an “overweight” rating in a research note on Monday, April 14th. Roth Mkm decreased their target price on Constellation Brands from $284.00 to $256.00 and set a “buy” rating for the company in a research note on Thursday, April 3rd. Truist Financial upgraded Constellation Brands from a “hold” rating to a “buy” rating and set a $215.00 target price for the company in a research note on Wednesday, May 7th. Finally, Citigroup decreased 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. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $225.74.

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.