Quantbot Technologies LP Invests $9.80 Million in Constellation Brands, Inc. (NYSE:STZ)

Quantbot Technologies LP purchased a new stake in Constellation Brands, Inc. (NYSE:STZ) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 44,338 shares of the company’s stock, valued at approximately $9,799,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Mainstream Capital Management LLC bought a new position in shares of Constellation Brands in the 4th quarter valued at about $25,000. SBI Securities Co. Ltd. acquired a new position in Constellation Brands in the fourth quarter valued at approximately $26,000. Compagnie Lombard Odier SCmA acquired a new position in Constellation Brands in the fourth quarter valued at approximately $27,000. Union Bancaire Privee UBP SA bought a new position in Constellation Brands in the fourth quarter valued at approximately $28,000. Finally, Versant Capital Management Inc grew its holdings in Constellation Brands by 887.5% during the 4th quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock worth $35,000 after acquiring an additional 142 shares during the period. Institutional investors and hedge funds own 77.34% of the company’s stock.

Insider Activity at Constellation Brands

In related news, Director William T. Giles purchased 1,000 shares of Constellation Brands stock in a transaction on 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 completion of the acquisition, the director now owns 1,463 shares of the company’s stock, valued at $272,688.57. This trade represents a 215.98 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 12.19% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on STZ shares. Wells Fargo & Company cut their price target on Constellation Brands from $295.00 to $275.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Roth Capital reduced their target price on Constellation Brands from $298.00 to $284.00 and set a “buy” rating on the stock in a report on Friday, January 17th. Morgan Stanley lowered Constellation Brands from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $220.00 to $202.00 in a research report on Thursday, February 27th. Piper Sandler downgraded 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. Finally, Evercore ISI reduced their price objective on shares of Constellation Brands from $300.00 to $250.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Constellation Brands currently has a consensus rating of “Hold” and a consensus target price of $252.81.

Constellation Brands Stock Performance

NYSE:STZ opened at $181.41 on Friday. The stock’s 50-day moving average is $181.39 and its 200-day moving average is $219.80. Constellation Brands, Inc. has a 1-year low of $160.46 and a 1-year high of $274.87. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26. The stock has a market cap of $32.79 billion, a P/E ratio of 48.77, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75.

Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Friday, January 10th. The company reported $3.25 EPS for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.08). The company had revenue of $2.46 billion during the quarter, compared to the consensus estimate 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 firm posted $3.19 EPS. Equities research analysts anticipate that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders 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 dividend yield of 2.23%. Constellation Brands’s dividend payout ratio is currently 108.60%.

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.