Elo Mutual Pension Insurance Co Invests $2.30 Million in Constellation Brands Inc $STZ

Elo Mutual Pension Insurance Co acquired a new stake in Constellation Brands Inc (NYSE:STZ) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 14,146 shares of the company’s stock, valued at approximately $2,301,000.

Several other institutional investors and hedge funds also recently made changes to their positions in STZ. Vanguard Group Inc. lifted its position in shares of Constellation Brands by 18.6% during the first quarter. Vanguard Group Inc. now owns 18,417,604 shares of the company’s stock worth $3,379,999,000 after purchasing an additional 2,882,817 shares during the last quarter. Wellington Management Group LLP boosted its stake in Constellation Brands by 127.9% during the 1st quarter. Wellington Management Group LLP now owns 4,480,788 shares of the company’s stock valued at $822,314,000 after purchasing an additional 2,514,517 shares during the period. Geode Capital Management LLC grew its holdings in Constellation Brands by 13.6% in the 2nd quarter. Geode Capital Management LLC now owns 3,737,860 shares of the company’s stock worth $605,293,000 after buying an additional 448,259 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Constellation Brands by 2.4% in the second quarter. Charles Schwab Investment Management Inc. now owns 1,969,081 shares of the company’s stock worth $320,329,000 after purchasing an additional 46,959 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Constellation Brands by 4.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,693,827 shares of the company’s stock valued at $310,851,000 after buying an additional 76,186 shares in the last quarter. 77.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on STZ shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Constellation Brands in a research note on Tuesday. UBS Group set a $160.00 target price on shares of Constellation Brands in a research report on Tuesday, October 7th. TD Cowen dropped their price target on Constellation Brands from $180.00 to $152.00 and set a “hold” rating on the stock in a research report on Thursday, September 4th. Roth Capital reiterated a “buy” rating and issued a $209.00 price objective (down previously from $239.00) on shares of Constellation Brands in a research note on Wednesday, September 3rd. Finally, Piper Sandler cut their price target on Constellation Brands from $155.00 to $135.00 and set a “neutral” rating for the company in a research note on Friday, November 21st. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, Constellation Brands has a consensus rating of “Hold” and a consensus price target of $181.88.

Constellation Brands Price Performance

Shares of Constellation Brands stock opened at $135.06 on Thursday. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.08 and a quick ratio of 0.54. The firm has a fifty day moving average price of $134.92 and a two-hundred day moving average price of $156.33. Constellation Brands Inc has a fifty-two week low of $126.45 and a fifty-two week high of $245.31. The company has a market cap of $23.64 billion, a PE ratio of 19.72, a price-to-earnings-growth ratio of 0.39 and a beta of 1.75.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings results on Thursday, February 23rd. The company reported $3.12 earnings per share (EPS) for the quarter. The firm had revenue of $2.32 billion for the quarter. Constellation Brands had a return on equity of 29.82% and a net margin of 11.88%. Analysts expect that Constellation Brands Inc will post 13.5 EPS for the current year.

Constellation Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Stockholders of record on Thursday, October 30th were given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Thursday, October 30th. Constellation Brands’s payout ratio is 59.56%.

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.