13,466 Shares in Constellation Brands Inc $STZ Bought by Capital Group Investment Management PTE. LTD.

Capital Group Investment Management PTE. LTD. bought a new position in shares of Constellation Brands Inc (NYSE:STZ) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 13,466 shares of the company’s stock, valued at approximately $1,858,000.

A number of other institutional investors and hedge funds have also bought and sold shares of STZ. Stance Capital LLC bought a new position in Constellation Brands during the third quarter worth $26,000. GoalVest Advisory LLC bought a new position in Constellation Brands during the fourth quarter worth $28,000. Elyxium Wealth LLC bought a new stake in Constellation Brands in the 4th quarter valued at $33,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in Constellation Brands in the 4th quarter valued at $39,000. Finally, Bruce G. Allen Investments LLC increased its holdings in Constellation Brands by 74.9% in the 4th quarter. Bruce G. Allen Investments LLC now owns 306 shares of the company’s stock valued at $42,000 after buying an additional 131 shares during the period. Institutional investors own 77.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on STZ shares. Wells Fargo & Company boosted their price target on shares of Constellation Brands from $180.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, April 10th. Bank of America lowered their price target on shares of Constellation Brands from $154.00 to $152.00 and set an “underperform” rating on the stock in a report on Thursday, May 28th. Weiss Ratings restated a “hold (c-)” rating on shares of Constellation Brands in a research note on Monday, May 4th. JPMorgan Chase & Co. boosted their target price on shares of Constellation Brands from $155.00 to $163.00 and gave the company a “neutral” rating in a research note on Wednesday, April 1st. Finally, Evercore set a $175.00 target price on shares of Constellation Brands and gave the company an “outperform” rating in a research note on Friday, April 10th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $175.26.

Constellation Brands Stock Up 2.4%

Shares of NYSE:STZ opened at $141.11 on Friday. Constellation Brands Inc has a 52 week low of $126.45 and a 52 week high of $178.13. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.55 and a current ratio of 1.08. The company’s fifty day moving average is $150.69 and its 200-day moving average is $149.41. The company has a market capitalization of $24.30 billion, a PE ratio of 14.71, a P/E/G ratio of 3.26 and a beta of 0.39.

Constellation Brands (NYSE:STZ) last issued its earnings results on Wednesday, April 8th. The company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.71 by $0.19. Constellation Brands had a net margin of 17.29% and a return on equity of 26.18%. The company had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the previous year, the company earned $2.63 EPS. The firm’s revenue for the quarter was down 11.3% compared to the same quarter last year. Equities research analysts predict that Constellation Brands Inc will post 11.87 earnings per share for the current fiscal year.

Constellation Brands Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Wednesday, April 29th were given a dividend of $1.03 per share. This is a positive change from Constellation Brands’s previous quarterly dividend of $1.02. The ex-dividend date was Wednesday, April 29th. This represents a $4.12 annualized dividend and a yield of 2.9%. Constellation Brands’s dividend payout ratio is currently 42.96%.

Insider Transactions at Constellation Brands

In related news, EVP James O. Bourdeau sold 4,407 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $143.24, for a total transaction of $631,258.68. Following the transaction, the executive vice president owned 9,109 shares in the company, valued at $1,304,773.16. This represents a 32.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 12.45% of the stock is currently owned by company insiders.

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.