Vanguard Group Inc. Has $3.43 Billion Holdings in Constellation Brands, Inc. (NYSE:STZ)

Vanguard Group Inc. boosted its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 13.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,534,787 shares of the company’s stock after purchasing an additional 1,821,969 shares during the period. Vanguard Group Inc. owned 8.60% of Constellation Brands worth $3,433,188,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Mainstream Capital Management LLC acquired a new position in Constellation Brands during the fourth quarter valued at $25,000. SBI Securities Co. Ltd. purchased a new stake in shares of Constellation Brands in the fourth quarter worth approximately $26,000. Compagnie Lombard Odier SCmA acquired a new stake in shares of Constellation Brands during the fourth quarter worth approximately $27,000. Union Bancaire Privee UBP SA purchased a new position in Constellation Brands during the fourth quarter valued at approximately $28,000. Finally, Versant Capital Management Inc increased its stake 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 buying an additional 142 shares during the period. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on STZ shares. Truist Financial lowered their price target on shares of Constellation Brands from $255.00 to $190.00 and set a “hold” rating on the stock in a report on Tuesday, January 14th. Barclays cut their price target on Constellation Brands from $214.00 to $205.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. TD Cowen dropped their price objective on Constellation Brands from $270.00 to $260.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Wells Fargo & Company decreased their target price on shares of Constellation Brands from $295.00 to $275.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Finally, Argus downgraded shares of Constellation Brands from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $250.41.

Insider Buying and Selling at Constellation Brands

In other news, Director William T. Giles bought 1,000 shares of the stock in a transaction dated Friday, January 17th. The shares were acquired at an average price of $186.39 per share, with a total value of $186,390.00. Following the acquisition, the director now owns 1,463 shares in the company, valued at $272,688.57. This trade represents a 215.98 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 12.19% of the company’s stock.

Constellation Brands Stock Performance

Shares of NYSE STZ opened at $178.35 on Wednesday. Constellation Brands, Inc. has a one year low of $160.46 and a one 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 business has a fifty day simple moving average of $177.14 and a 200 day simple moving average of $215.89. The firm has a market capitalization of $32.23 billion, a price-to-earnings ratio of 47.94, a PEG ratio of 1.52 and a beta of 0.90.

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

Constellation Brands Dividend Announcement

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

About Constellation Brands

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.