Constellation Brands, Inc. (NYSE:STZ) Shares Purchased by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd boosted its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 25.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,029 shares of the company’s stock after acquiring an additional 2,859 shares during the period. UniSuper Management Pty Ltd’s holdings in Constellation Brands were worth $3,100,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Glenmede Trust Co. NA increased its holdings in Constellation Brands by 16.5% in the third quarter. Glenmede Trust Co. NA now owns 3,908 shares of the company’s stock valued at $1,007,000 after buying an additional 554 shares during the last quarter. CreativeOne Wealth LLC purchased a new position in shares of Constellation Brands in the 3rd quarter valued at about $565,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Constellation Brands by 12.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 80,025 shares of the company’s stock valued at $20,622,000 after acquiring an additional 9,154 shares during the last quarter. Fiduciary Trust Co lifted its stake in Constellation Brands by 2.4% during the third quarter. Fiduciary Trust Co now owns 5,231 shares of the company’s stock worth $1,348,000 after purchasing an additional 123 shares during the last quarter. Finally, Public Sector Pension Investment Board lifted its stake in Constellation Brands by 3.5% during the third quarter. Public Sector Pension Investment Board now owns 5,904 shares of the company’s stock worth $1,521,000 after purchasing an additional 200 shares during the last quarter. 77.34% of the stock is owned by hedge funds and other institutional investors.

Constellation Brands Stock Down 0.3 %

STZ opened at $183.69 on Friday. 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, Inc. has a 12 month low of $160.46 and a 12 month high of $274.87. The stock has a market capitalization of $33.20 billion, a P/E ratio of 49.38, a P/E/G ratio of 1.52 and a beta of 1.75. The business has a 50 day simple moving average of $177.19 and a 200-day simple moving average of $214.74.

Constellation Brands (NYSE:STZ) last issued its earnings results on Friday, January 10th. The company reported $3.25 EPS for the quarter, missing the consensus estimate of $3.33 by ($0.08). The company had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.53 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. Constellation Brands’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.19 earnings per share. On average, equities analysts anticipate that Constellation Brands, Inc. will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The business also recently announced 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 of this dividend was Friday, February 7th. This represents a $4.04 dividend on an annualized basis and a yield of 2.20%. Constellation Brands’s dividend payout ratio (DPR) is presently 108.60%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Citigroup cut shares of Constellation Brands from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $260.00 to $200.00 in a report on Thursday, March 20th. Morgan Stanley cut shares of Constellation Brands from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $220.00 to $202.00 in a research report on Thursday, February 27th. Truist Financial dropped their price objective on Constellation Brands from $255.00 to $190.00 and set a “hold” rating on the stock in a report on Tuesday, January 14th. Roth Capital reduced their target price on Constellation Brands from $298.00 to $284.00 and set a “buy” rating for the company in a report on Friday, January 17th. Finally, Piper Sandler lowered Constellation Brands from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $245.00 to $200.00 in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $249.18.

Insider Activity

In other news, Director William T. Giles acquired 1,000 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The stock was purchased at an average cost of $186.39 per share, with a total value of $186,390.00. Following the purchase, the director now directly owns 1,463 shares of the company’s stock, valued at approximately $272,688.57. This trade represents a 215.98 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 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.