Dupont Capital Management Corp Decreases Stock Holdings in Constellation Brands, Inc. (NYSE:STZ)

Dupont Capital Management Corp lowered its position in shares of Constellation Brands, Inc. (NYSE:STZFree Report) by 5.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,458 shares of the company’s stock after selling 2,368 shares during the period. Dupont Capital Management Corp’s holdings in Constellation Brands were worth $10,506,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in STZ. Moneta Group Investment Advisors LLC increased its holdings in shares of Constellation Brands by 84,839.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 3,742,434 shares of the company’s stock worth $867,309,000 after buying an additional 3,738,028 shares during the last quarter. Norges Bank acquired a new stake in Constellation Brands in the 4th quarter valued at approximately $373,796,000. Barclays PLC increased its holdings in Constellation Brands by 102.0% in the 2nd quarter. Barclays PLC now owns 2,937,570 shares of the company’s stock valued at $723,027,000 after purchasing an additional 1,483,668 shares during the last quarter. Morgan Stanley increased its holdings in Constellation Brands by 31.3% in the 4th quarter. Morgan Stanley now owns 3,809,273 shares of the company’s stock valued at $882,799,000 after purchasing an additional 908,486 shares during the last quarter. Finally, Darsana Capital Partners LP increased its holdings in Constellation Brands by 288.9% in the 3rd quarter. Darsana Capital Partners LP now owns 875,000 shares of the company’s stock valued at $219,914,000 after purchasing an additional 650,000 shares during the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.

Insider Activity

In other news, major shareholder Family Foundation Sands sold 354,616 shares of the company’s stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $250.26, for a total value of $88,746,200.16. Following the completion of the sale, the insider now directly owns 54,461 shares of the company’s stock, valued at $13,629,409.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 16.19% of the company’s stock.

Constellation Brands Price Performance

Shares of STZ opened at $267.47 on Wednesday. Constellation Brands, Inc. has a 1-year low of $217.05 and a 1-year high of $273.65. The stock has a market cap of $48.90 billion, a PE ratio of 31.65, a price-to-earnings-growth ratio of 1.89 and a beta of 0.97. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.05 and a quick ratio of 0.46. The firm has a fifty day moving average price of $254.01 and a 200 day moving average price of $246.45.

Constellation Brands (NYSE:STZGet Free Report) last announced its quarterly earnings results on Friday, January 5th. The company reported $3.19 earnings per share for the quarter, beating analysts’ consensus estimates of $3.03 by $0.16. Constellation Brands had a net margin of 14.76% and a return on equity of 23.35%. The firm had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.54 billion. During the same period in the previous year, the company earned $2.83 earnings per share. Constellation Brands’s quarterly revenue was up 1.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Constellation Brands, Inc. will post 11.92 EPS for the current year.

Constellation Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Thursday, February 8th were issued a $0.89 dividend. The ex-dividend date was Wednesday, February 7th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.33%. Constellation Brands’s payout ratio is 42.13%.

Wall Street Analysts Forecast Growth

STZ has been the subject of several research reports. Argus downgraded shares of Constellation Brands from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Royal Bank of Canada restated an “outperform” rating and issued a $295.00 price target on shares of Constellation Brands in a research note on Thursday, March 7th. TheStreet downgraded shares of Constellation Brands from a “b” rating to a “c+” rating in a research note on Friday, January 5th. Piper Sandler assumed coverage on shares of Constellation Brands in a research note on Friday, March 22nd. They issued an “overweight” rating and a $300.00 price target for the company. Finally, JPMorgan Chase & Co. dropped their price target on shares of Constellation Brands from $309.00 to $301.00 and set an “overweight” rating for the company in a research note on Thursday, December 21st. Four research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $290.37.

View Our Latest Report on Constellation Brands

About Constellation Brands

(Free Report)

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 Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Victoria, Vicky Chamoy, and Pacifico brands.

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Institutional Ownership by Quarter for Constellation Brands (NYSE:STZ)

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