Capital Group Private Client Services Inc. Has $1.54 Million Stock Holdings in Constellation Brands Inc $STZ

Capital Group Private Client Services Inc. increased its holdings in shares of Constellation Brands Inc (NYSE:STZ) by 447.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 11,171 shares of the company’s stock after acquiring an additional 9,130 shares during the quarter. Capital Group Private Client Services Inc.’s holdings in Constellation Brands were worth $1,541,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in STZ. Norges Bank acquired a new position in shares of Constellation Brands in the 4th quarter worth approximately $267,798,000. Ameriprise Financial Inc. lifted its position in shares of Constellation Brands by 650.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,769,741 shares of the company’s stock valued at $287,889,000 after acquiring an additional 1,533,961 shares during the period. Pzena Investment Management LLC acquired a new position in shares of Constellation Brands during the 4th quarter valued at $81,381,000. Vanguard Group Inc. lifted its position in shares of Constellation Brands by 3.3% during the 3rd quarter. Vanguard Group Inc. now owns 18,202,611 shares of the company’s stock valued at $2,451,346,000 after acquiring an additional 573,766 shares during the period. Finally, Worldquant Millennium Advisors LLC lifted its position in shares of Constellation Brands by 1,249.7% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 476,702 shares of the company’s stock valued at $77,550,000 after acquiring an additional 441,382 shares during the period. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Constellation Brands Stock Performance

Shares of STZ stock opened at $141.11 on Monday. The firm has a market capitalization of $24.30 billion, a PE ratio of 14.71, a price-to-earnings-growth ratio of 3.26 and a beta of 0.39. The firm has a fifty day simple moving average of $150.69 and a two-hundred day simple 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 Inc has a 12 month low of $126.45 and a 12 month high of $178.13.

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

Constellation Brands Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Wednesday, April 29th were paid a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend 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 currently 42.96%.

Wall Street Analyst Weigh In

STZ has been the topic of a number of research reports. TD Cowen upgraded shares of Constellation Brands from a “hold” rating to a “buy” rating and boosted their target price for the company from $142.00 to $190.00 in a research report on Monday, April 13th. Citigroup reiterated a “buy” rating on shares of Constellation Brands in a research report on Monday, May 18th. Bank of America dropped their target price on shares of Constellation Brands from $154.00 to $152.00 and set an “underperform” rating on the stock in a research report on Thursday, May 28th. Evercore set a $175.00 target price on shares of Constellation Brands and gave the company an “outperform” rating in a research report on Friday, April 10th. Finally, Barclays boosted their target price on shares of Constellation Brands from $151.00 to $170.00 and gave the company an “equal weight” rating in a research report 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 given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $175.26.

Insider Activity

In other news, EVP James O. Bourdeau sold 4,407 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $143.24, for a total value of $631,258.68. Following the completion of the sale, 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 12.45% of the stock is currently owned by insiders.

Constellation Brands Company 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.