Constellation Brands, Inc. (NYSE:STZ) Shares Acquired by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. grew its holdings in Constellation Brands, Inc. (NYSE:STZ) by 7.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 21,135 shares of the company’s stock after acquiring an additional 1,457 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Constellation Brands were worth $4,671,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in STZ. Van ECK Associates Corp boosted its holdings in Constellation Brands by 1,844.7% in the fourth quarter. Van ECK Associates Corp now owns 924,274 shares of the company’s stock worth $204,265,000 after acquiring an additional 876,745 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Constellation Brands in the fourth quarter worth about $105,766,000. State Street Corp boosted its holdings in Constellation Brands by 6.0% in the third quarter. State Street Corp now owns 7,144,428 shares of the company’s stock worth $1,841,048,000 after acquiring an additional 402,211 shares in the last quarter. Amundi boosted its holdings in Constellation Brands by 54.9% in the fourth quarter. Amundi now owns 453,180 shares of the company’s stock worth $99,373,000 after acquiring an additional 160,563 shares in the last quarter. Finally, OFI Invest Asset Management acquired a new stake in Constellation Brands in the fourth quarter worth about $31,656,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

Constellation Brands Stock Down 0.7 %

Constellation Brands stock opened at $183.95 on Thursday. The stock has a market capitalization of $33.24 billion, a PE ratio of 49.45, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75. Constellation Brands, Inc. has a 12 month low of $160.46 and a 12 month high of $274.87. The business has a 50 day simple moving average of $182.22 and a 200-day simple moving average of $220.07. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings data on Friday, January 10th. The company reported $3.25 EPS for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.08). The business 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 firm’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter last year, the firm earned $3.19 earnings per share. On average, analysts anticipate that Constellation Brands, Inc. will post 13.5 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend was Friday, February 7th. Constellation Brands’s dividend payout ratio (DPR) is presently 108.60%.

Analysts Set New Price Targets

STZ has been the subject of several recent analyst reports. Piper Sandler downgraded Constellation Brands from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $245.00 to $200.00 in a report on Monday, February 3rd. StockNews.com upgraded Constellation Brands from a “sell” rating to a “hold” rating in a research note on Thursday, March 6th. Barclays reduced their price objective on Constellation Brands from $282.00 to $214.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. TD Cowen reduced their price objective on Constellation Brands from $270.00 to $260.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $201.00 price objective (down from $310.00) on shares of Constellation Brands in a research note on Monday, January 13th. Eleven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $253.24.

Insider Transactions at Constellation Brands

In other news, Director William T. Giles purchased 1,000 shares of the stock in a transaction dated Friday, January 17th. The shares were purchased at an average cost of $186.39 per share, with a total value of $186,390.00. Following the completion of the purchase, the director now directly owns 1,463 shares of the company’s stock, valued at approximately $272,688.57. The trade was a 215.98 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 12.19% of the company’s stock.

Constellation Brands Company 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.