Capital International Ltd. CA Purchases New Stake in Constellation Brands Inc $STZ

Capital International Ltd. CA purchased a new stake in Constellation Brands Inc (NYSE:STZ) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 6,679 shares of the company’s stock, valued at approximately $921,000.

Several other hedge funds have also added to or reduced their stakes in STZ. Capital International Investors boosted its holdings in 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 acquiring an additional 2,105,546 shares during the last quarter. Norges Bank bought a new position in Constellation Brands in the fourth quarter valued at about $267,798,000. Ameriprise Financial Inc. boosted its holdings in Constellation Brands by 650.6% in the second 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 last quarter. Pzena Investment Management LLC bought a new position in Constellation Brands in the fourth quarter valued at about $81,381,000. Finally, Vanguard Group Inc. boosted its holdings in Constellation Brands by 3.3% in the third 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 last quarter. Institutional investors own 77.34% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on STZ. Wells Fargo & Company raised their price target on Constellation Brands from $180.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, April 10th. Citigroup reiterated a “buy” rating on shares of Constellation Brands in a report on Monday, May 18th. Barclays raised their price target on Constellation Brands from $151.00 to $170.00 and gave the company an “equal weight” rating in a report on Friday, April 10th. Roth Mkm reissued a “buy” rating on shares of Constellation Brands in a research note on Thursday, April 9th. Finally, UBS Group increased 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. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Constellation Brands has an average rating of “Moderate Buy” and a consensus price target of $175.26.

Constellation Brands Trading Up 0.1%

NYSE:STZ opened at $141.11 on Monday. Constellation Brands Inc has a 1-year low of $126.45 and a 1-year high of $178.13. The business’s 50-day moving average price is $150.69 and its two-hundred day moving average price is $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. The firm has a market capitalization of $24.30 billion, a price-to-earnings ratio of 14.71, a PEG ratio of 3.26 and a beta of 0.39.

Constellation Brands (NYSE:STZ) last released its earnings results 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 firm had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the prior year, the firm posted $2.63 earnings per share. The company’s quarterly revenue was down 11.3% on a year-over-year basis. On average, equities analysts expect that Constellation Brands Inc will post 11.87 earnings per share for the current year.

Constellation Brands Increases Dividend

The business 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. The ex-dividend date of this dividend was Wednesday, April 29th. This is a positive change from Constellation Brands’s previous quarterly dividend of $1.02. This represents a $4.12 annualized dividend and a yield of 2.9%. Constellation Brands’s payout ratio is currently 42.96%.

Insiders Place Their Bets

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 transaction, the executive vice president owned 9,109 shares of the company’s stock, valued at approximately $1,304,773.16. This represents a 32.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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.