Triglav Skladi D.O.O. Invests $6.38 Million in Constellation Brands, Inc. (NYSE:STZ)

Triglav Skladi D.O.O. purchased a new position in shares of Constellation Brands, Inc. (NYSE:STZ) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 28,850 shares of the company’s stock, valued at approximately $6,376,000.

Other large investors have also modified their holdings of the company. Mainstream Capital Management LLC bought a new position in shares of Constellation Brands during the fourth quarter worth about $25,000. SBI Securities Co. Ltd. bought a new position in Constellation Brands in the fourth quarter worth about $26,000. Compagnie Lombard Odier SCmA bought a new position in Constellation Brands in the fourth quarter worth about $27,000. Union Bancaire Privee UBP SA bought a new position in Constellation Brands in the fourth quarter worth about $28,000. Finally, Minot DeBlois Advisors LLC bought a new position in Constellation Brands in the fourth quarter worth about $29,000. Institutional investors own 77.34% of the company’s stock.

Insider Activity at Constellation Brands

In related news, EVP Samuel J. Glaetzer sold 3,150 shares of the firm’s stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $188.54, for a total transaction of $593,901.00. Following the transaction, the executive vice president now owns 3,126 shares in the company, valued at $589,376.04. This trade represents a 50.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 12.19% of the company’s stock.

Constellation Brands Price Performance

NYSE STZ opened at $195.75 on Monday. Constellation Brands, Inc. has a 12 month low of $160.46 and a 12 month high of $265.70. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46. The firm has a market capitalization of $34.85 billion, a PE ratio of 52.62, a P/E/G ratio of 1.52 and a beta of 1.75. The company’s 50 day simple moving average is $184.10 and its 200 day simple moving average is $198.97.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings data on Wednesday, April 9th. The company reported $2.63 EPS for the quarter, beating analysts’ consensus estimates of $2.28 by $0.35. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The business had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same quarter last year, the business earned $2.26 earnings per share. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. As a group, equities research analysts forecast that Constellation Brands, Inc. will post 13.5 EPS for the current fiscal year.

Constellation Brands Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Tuesday, April 29th were paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date was Tuesday, April 29th. This is a positive change from Constellation Brands’s previous quarterly dividend of $1.01. Constellation Brands’s dividend payout ratio (DPR) is currently -800.00%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on STZ shares. Citigroup cut their target price on shares of Constellation Brands from $200.00 to $190.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. StockNews.com raised shares of Constellation Brands from a “sell” rating to a “hold” rating in a report on Thursday, May 8th. Truist Financial raised shares of Constellation Brands from a “hold” rating to a “buy” rating and set a $215.00 target price on the stock in a report on Wednesday, May 7th. JPMorgan Chase & Co. cut their target price on shares of Constellation Brands from $203.00 to $194.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. Finally, Barclays raised their target price on shares of Constellation Brands from $203.00 to $207.00 and gave the stock an “overweight” rating in a report on Monday, April 14th. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $225.74.

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.