Capital International Inc. CA Has $25.59 Million Stock Position in Constellation Brands Inc $STZ

Capital International Inc. CA lifted its stake in shares of Constellation Brands Inc (NYSE:STZ) by 48.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 185,479 shares of the company’s stock after purchasing an additional 60,218 shares during the quarter. Capital International Inc. CA’s holdings in Constellation Brands were worth $25,589,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings 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 worth $2,451,346,000 after purchasing an additional 573,766 shares in the last quarter. Capital International Investors grew its holdings in shares of Constellation Brands by 48.5% during the 4th quarter. Capital International Investors now owns 6,442,600 shares of the company’s stock worth $888,930,000 after purchasing an additional 2,105,546 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Constellation Brands by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 3,739,549 shares of the company’s stock worth $513,871,000 after purchasing an additional 54,184 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC grew its holdings in shares of Constellation Brands by 1.0% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 3,710,940 shares of the company’s stock worth $499,752,000 after purchasing an additional 35,085 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of Constellation Brands by 76.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,126,644 shares of the company’s stock worth $421,059,000 after purchasing an additional 1,356,903 shares in the last quarter. 77.34% of the stock is owned by institutional investors and hedge funds.

Constellation Brands Price Performance

Shares of STZ stock opened at $141.11 on Monday. The company has a quick ratio of 0.55, a current ratio of 1.08 and a debt-to-equity ratio of 1.16. Constellation Brands Inc has a twelve month low of $126.45 and a twelve month high of $178.13. The company has a market cap of $24.30 billion, a P/E ratio of 14.71, a P/E/G ratio of 3.26 and a beta of 0.39. The business has a fifty day simple moving average of $150.69 and a 200 day simple moving average of $149.53.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Wednesday, April 8th. The company reported $1.90 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the prior year, the company earned $2.63 EPS. Constellation Brands’s revenue for the quarter was down 11.3% on a year-over-year basis. On average, sell-side 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. Shareholders of record on Wednesday, April 29th were given a $1.03 dividend. This is a boost from Constellation Brands’s previous quarterly dividend of $1.02. This represents a $4.12 annualized dividend and a yield of 2.9%. The ex-dividend date was Wednesday, April 29th. Constellation Brands’s dividend payout ratio is 42.96%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on STZ shares. TD Cowen raised Constellation Brands from a “hold” rating to a “buy” rating and increased their target price for the stock from $142.00 to $190.00 in a report on Monday, April 13th. Piper Sandler upped their price objective on Constellation Brands from $146.00 to $160.00 and gave the stock a “neutral” rating in a research report on Friday, April 10th. Deutsche Bank Aktiengesellschaft upped their price objective on Constellation Brands from $154.00 to $155.00 and gave the stock a “hold” rating in a research report on Friday, April 10th. Roth Mkm restated a “buy” rating on shares of Constellation Brands in a research report on Thursday, April 9th. Finally, Morgan Stanley upped their price objective on Constellation Brands from $160.00 to $183.00 and gave the stock an “equal weight” rating in a research report on Friday, April 10th. One 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. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $175.26.

Insider Buying and Selling

In other Constellation Brands news, EVP James O. Bourdeau sold 4,407 shares of the stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $143.24, for a total value of $631,258.68. Following the completion of the transaction, the executive vice president directly owned 9,109 shares in the company, valued at approximately $1,304,773.16. This trade represents a 32.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 12.45% of the company’s stock.

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.