Sava Infond d.o.o. Buys Shares of 1,740 Constellation Brands, Inc. (NYSE:STZ)

Sava Infond d.o.o. acquired a new stake in Constellation Brands, Inc. (NYSE:STZ - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,740 shares of the company's stock, valued at approximately $385,000.

A number of other institutional investors have also recently added to or reduced their stakes in STZ. Elo Mutual Pension Insurance Co increased its stake in shares of Constellation Brands by 14.0% during the 4th quarter. Elo Mutual Pension Insurance Co now owns 16,494 shares of the company's stock worth $3,645,000 after purchasing an additional 2,020 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Constellation Brands by 13.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,176,095 shares of the company's stock worth $482,919,000 after buying an additional 253,445 shares in the last quarter. Ausdal Financial Partners Inc. raised its holdings in shares of Constellation Brands by 33.4% in the fourth quarter. Ausdal Financial Partners Inc. now owns 1,601 shares of the company's stock worth $354,000 after acquiring an additional 401 shares during the last quarter. Signature Estate & Investment Advisors LLC lifted its position in shares of Constellation Brands by 5.7% in the fourth quarter. Signature Estate & Investment Advisors LLC now owns 8,746 shares of the company's stock valued at $1,933,000 after acquiring an additional 471 shares in the last quarter. Finally, FineMark National Bank & Trust boosted its stake in shares of Constellation Brands by 0.4% during the fourth quarter. FineMark National Bank & Trust now owns 55,499 shares of the company's stock valued at $12,265,000 after acquiring an additional 199 shares during the last quarter. Hedge funds and other institutional investors own 77.34% of the company's stock.

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Constellation Brands Stock Up 0.4 %

NYSE:STZ traded up $0.73 on Tuesday, reaching $184.25. The stock had a trading volume of 324,425 shares, compared to its average volume of 1,623,690. The company has a 50-day moving average of $177.18 and a 200 day moving average of $214.02. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26. The stock has a market cap of $33.30 billion, a P/E ratio of 49.52, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75. Constellation Brands, Inc. has a 12-month low of $160.46 and a 12-month high of $274.87.

Constellation Brands (NYSE:STZ - Get Free Report) last issued its quarterly earnings data on Friday, January 10th. The company reported $3.25 earnings per share for the quarter, missing analysts' consensus estimates of $3.33 by ($0.08). Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The business had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.53 billion. During the same quarter last year, the business earned $3.19 EPS. Constellation Brands's revenue for the quarter was down .3% compared to the same quarter last year. On average, research analysts predict that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a dividend of $1.01 per share. The ex-dividend date was Friday, February 7th. This represents a $4.04 dividend on an annualized basis and a yield of 2.19%. Constellation Brands's dividend payout ratio (DPR) is 108.60%.

Insiders Place Their Bets

In related news, Director William T. Giles purchased 1,000 shares of Constellation Brands stock in a transaction dated Friday, January 17th. The shares were acquired at an average price of $186.39 per share, with a total value of $186,390.00. Following the completion of the transaction, the director now owns 1,463 shares of the company's stock, valued at approximately $272,688.57. This trade represents a 215.98 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.19% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on STZ shares. Needham & Company LLC reduced their target price on shares of Constellation Brands from $240.00 to $215.00 and set a "buy" rating on the stock in a report on Thursday, March 27th. Piper Sandler lowered Constellation Brands from an "overweight" rating to a "neutral" rating and reduced their price target for the stock from $245.00 to $200.00 in a research note on Monday, February 3rd. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $203.00 price objective (down previously from $262.00) on shares of Constellation Brands in a research report on Monday, January 13th. Truist Financial decreased their price target on Constellation Brands from $255.00 to $190.00 and set a "hold" rating on the stock in a research note on Tuesday, January 14th. Finally, Royal Bank of Canada dropped their price objective on shares of Constellation Brands from $293.00 to $289.00 and set an "outperform" rating for the company in a research note on Friday, March 7th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $249.18.

Constellation Brands Company Profile

Constellation Brands, Inc, together with its subsidiaries, produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company provides beer primarily under the Corona Extra, Corona Familiar, Corona Hard Seltzer, Corona Light, Corona Non-Alcoholic, Corona Premier, Corona Refresca, Modelo Especial, Modelo Chelada, Modelo Negra, Modelo Oro, Victoria, Vicky Chamoy, and Pacifico brands.