Royal London Asset Management Ltd. Acquires 1,854 Shares of Constellation Brands, Inc. (NYSE:STZ)

Royal London Asset Management Ltd. increased its holdings in Constellation Brands, Inc. (NYSE:STZ) by 2.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 70,954 shares of the company’s stock after purchasing an additional 1,854 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Constellation Brands were worth $15,681,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Thrivent Financial for Lutherans boosted its position in Constellation Brands by 13.0% during the third quarter. Thrivent Financial for Lutherans now owns 7,341 shares of the company’s stock valued at $1,892,000 after acquiring an additional 845 shares during the last quarter. Pathstone Holdings LLC boosted its position in Constellation Brands by 7.2% during the third quarter. Pathstone Holdings LLC now owns 24,933 shares of the company’s stock valued at $6,425,000 after acquiring an additional 1,681 shares during the last quarter. Prospera Financial Services Inc boosted its position in Constellation Brands by 42.5% during the third quarter. Prospera Financial Services Inc now owns 3,919 shares of the company’s stock valued at $1,010,000 after acquiring an additional 1,168 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Constellation Brands during the third quarter valued at $815,000. Finally, King Luther Capital Management Corp boosted its position in Constellation Brands by 12.4% during the third quarter. King Luther Capital Management Corp now owns 1,411 shares of the company’s stock valued at $364,000 after acquiring an additional 156 shares during the last quarter. Institutional investors own 77.34% of the company’s stock.

Constellation Brands Trading Down 0.6 %

NYSE:STZ opened at $177.73 on Friday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 1.10. The firm has a market cap of $32.12 billion, a price-to-earnings ratio of 47.78, a price-to-earnings-growth ratio of 1.52 and a beta of 0.90. Constellation Brands, Inc. has a 52 week low of $160.46 and a 52 week high of $274.87. The firm has a 50-day moving average price of $177.32 and a two-hundred day moving average price of $217.08.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings data on Friday, January 10th. The company reported $3.25 EPS for the quarter, missing the consensus estimate of $3.33 by ($0.08). The firm had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.53 billion. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The company’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter last year, the business posted $3.19 EPS. On average, equities analysts expect that Constellation Brands, Inc. will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a $1.01 dividend. The ex-dividend date was Friday, February 7th. This represents a $4.04 annualized dividend and a yield of 2.27%. Constellation Brands’s dividend payout ratio (DPR) is 108.60%.

Insider Buying and Selling at Constellation Brands

In related news, Director William T. Giles purchased 1,000 shares of the firm’s stock in a transaction dated Friday, January 17th. The stock was bought at an average price of $186.39 per share, for a total transaction of $186,390.00. Following the purchase, the director now directly owns 1,463 shares in the company, valued at approximately $272,688.57. This trade represents a 215.98 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 12.19% of the company’s stock.

Wall Street Analysts Forecast Growth

STZ has been the topic of a number of research analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $240.00 price target on shares of Constellation Brands in a research report on Monday, January 27th. Piper Sandler cut shares of Constellation Brands from an “overweight” rating to a “neutral” rating and cut their price target for the company from $245.00 to $200.00 in a research report on Monday, February 3rd. Citigroup cut shares of Constellation Brands from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $260.00 to $200.00 in a research report on Thursday. Truist Financial cut 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 report on Tuesday, January 14th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $201.00 price objective (down previously from $310.00) on shares of Constellation Brands in a research report on Monday, January 13th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $250.41.

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.