Capital World Investors Buys 553,974 Shares of Constellation Brands Inc $STZ

Capital World Investors raised its stake in shares of Constellation Brands Inc (NYSE:STZ) by 8.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,238,575 shares of the company’s stock after acquiring an additional 553,974 shares during the quarter. Capital World Investors’ holdings in Constellation Brands were worth $998,740,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Capital International Sarl lifted its holdings in shares of Constellation Brands by 968.5% during the fourth quarter. Capital International Sarl now owns 123,850 shares of the company’s stock valued at $17,086,000 after acquiring an additional 112,259 shares during the period. Capital International Ltd. CA acquired a new stake in shares of Constellation Brands in the fourth quarter valued at $921,000. Capital International Inc. CA increased its stake in shares of Constellation Brands by 48.1% in the fourth quarter. Capital International Inc. CA now owns 185,479 shares of the company’s stock valued at $25,589,000 after buying an additional 60,218 shares in the last quarter. Capital International Investors increased its stake in shares of Constellation Brands by 48.5% in the fourth quarter. Capital International Investors now owns 6,442,600 shares of the company’s stock valued at $888,930,000 after buying an additional 2,105,546 shares in the last quarter. Finally, Capital Group Private Client Services Inc. increased its stake in shares of Constellation Brands by 447.3% in the fourth quarter. Capital Group Private Client Services Inc. now owns 11,171 shares of the company’s stock valued at $1,541,000 after buying an additional 9,130 shares in the last quarter. 77.34% of the stock is owned by institutional investors.

Constellation Brands Price Performance

Constellation Brands stock opened at $141.11 on Monday. The firm has a market capitalization of $24.30 billion, a P/E ratio of 14.71, a PEG ratio of 3.26 and a beta of 0.39. Constellation Brands Inc has a 1 year low of $126.45 and a 1 year high of $178.13. The business has a 50-day moving average of $150.69 and a 200-day moving average of $149.53. The company has a current ratio of 1.08, a quick ratio of 0.55 and a debt-to-equity ratio of 1.16.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Wednesday, April 8th. The company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.19. Constellation Brands had a return on equity of 26.18% and a net margin of 17.29%.The business had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the previous year, the business posted $2.63 EPS. Constellation Brands’s revenue for the quarter was down 11.3% on a year-over-year basis. On average, equities analysts anticipate that Constellation Brands Inc will post 11.87 EPS for the current year.

Constellation Brands Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Wednesday, April 29th were paid a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 2.9%. The ex-dividend date was Wednesday, April 29th. This is a positive change from Constellation Brands’s previous quarterly dividend of $1.02. Constellation Brands’s dividend payout ratio (DPR) is presently 42.96%.

Insider Buying and Selling

In other Constellation Brands news, EVP James O. Bourdeau sold 4,407 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $143.24, for a total value of $631,258.68. Following the sale, the executive vice president owned 9,109 shares in the company, valued at approximately $1,304,773.16. The trade was a 32.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 12.45% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. UBS Group raised their target price on Constellation Brands from $176.00 to $186.00 and gave the company a “buy” rating in a research note on Friday, April 10th. Deutsche Bank Aktiengesellschaft raised their target price on Constellation Brands from $154.00 to $155.00 and gave the company a “hold” rating in a research note on Friday, April 10th. Evercore set a $175.00 target price on Constellation Brands and gave the company an “outperform” rating in a research note on Friday, April 10th. Wells Fargo & Company raised their target price on Constellation Brands from $180.00 to $185.00 and gave the company an “overweight” rating in a research note on Friday, April 10th. Finally, Needham & Company LLC raised their target price on Constellation Brands from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, April 10th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $175.26.

Constellation Brands Profile

Constellation Brands, Inc is a leading producer and marketer of beer, wine and spirits, with operations spanning production, importation, marketing and distribution. The company’s beverage portfolio includes a range of premium and mainstream wines and spirits alongside major imported beer brands; in the U.S. market Constellation is widely known for its role in bringing Mexican imports such as Corona and Modelo to American consumers. Constellation supplies retail, on‑premise and foodservice channels and supports its brands with national sales and marketing platforms and supply‑chain capabilities.

The company traces its roots to the Canandaigua Wine Company, founded by Marvin Sands in 1945, and evolved through organic growth and acquisition into a diversified beverage company.