Constellation Brands, Inc. (NYSE:STZ) Shares Purchased by Candriam S.C.A.

Candriam S.C.A. boosted its stake in Constellation Brands, Inc. (NYSE:STZ) by 0.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 11,037 shares of the company’s stock after purchasing an additional 88 shares during the period. Candriam S.C.A.’s holdings in Constellation Brands were worth $2,439,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in STZ. Mainstream Capital Management LLC purchased a new stake in Constellation Brands in the 4th quarter valued at approximately $25,000. SBI Securities Co. Ltd. purchased a new stake in Constellation Brands in the 4th quarter valued at approximately $26,000. Compagnie Lombard Odier SCmA purchased a new stake in Constellation Brands in the 4th quarter valued at approximately $27,000. Union Bancaire Privee UBP SA purchased a new stake in Constellation Brands in the 4th quarter valued at approximately $28,000. Finally, Versant Capital Management Inc boosted its holdings in Constellation Brands by 887.5% in the 4th quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock valued at $35,000 after purchasing an additional 142 shares in the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on STZ shares. UBS Group lowered their price objective on Constellation Brands from $265.00 to $223.00 and set a “buy” rating on the stock in a report on Friday, January 17th. Truist Financial decreased their price target on Constellation Brands from $255.00 to $190.00 and set a “hold” rating on the stock in a research note on Tuesday, January 14th. Needham & Company LLC reissued a “buy” rating and set a $240.00 price target on shares of Constellation Brands in a research note on Monday, January 27th. TD Cowen decreased their price target on Constellation Brands from $270.00 to $260.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Finally, Evercore ISI decreased their price target on Constellation Brands from $300.00 to $250.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. Eleven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Constellation Brands currently has a consensus rating of “Moderate Buy” and an average target price of $253.24.

Constellation Brands Trading Up 4.3 %

Shares of STZ opened at $186.64 on Monday. The stock has a fifty day moving average of $184.27 and a two-hundred day moving average of $221.13. 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 company has a market capitalization of $33.73 billion, a PE ratio of 50.17, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75. Constellation Brands, Inc. has a fifty-two week low of $160.46 and a fifty-two week high of $274.87.

Constellation Brands (NYSE:STZ) last issued its quarterly 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). The business had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.53 billion. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The company’s revenue was down .3% on a year-over-year basis. During the same quarter last year, the firm posted $3.19 earnings per share. As a group, analysts forecast that Constellation Brands, Inc. will post 13.5 EPS for the current year.

Constellation Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a $1.01 dividend. The ex-dividend date was Friday, February 7th. This represents a $4.04 annualized dividend and a yield of 2.16%. Constellation Brands’s dividend payout ratio (DPR) is presently 108.60%.

Insider Buying and Selling at Constellation Brands

In other news, Director William T. Giles acquired 1,000 shares of the company’s stock in a transaction dated Friday, January 17th. The stock was acquired at an average cost of $186.39 per share, for a total transaction of $186,390.00. Following the acquisition, the director now directly owns 1,463 shares in the company, valued at approximately $272,688.57. This represents a 215.98 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 12.19% of the stock is currently owned by 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.