American Century Companies Inc. Has $303.32 Million Position in Constellation Brands, Inc. (NYSE:STZ)

American Century Companies Inc. increased its position in Constellation Brands, Inc. (NYSE:STZ - Free Report) by 1.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,372,485 shares of the company's stock after purchasing an additional 25,110 shares during the quarter. American Century Companies Inc. owned 0.76% of Constellation Brands worth $303,319,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Mainstream Capital Management LLC acquired a new position in Constellation Brands in the fourth quarter valued at approximately $25,000. SBI Securities Co. Ltd. acquired a new position in Constellation Brands in the fourth quarter worth approximately $26,000. Compagnie Lombard Odier SCmA acquired a new position in shares of Constellation Brands in the 4th quarter valued at $27,000. Union Bancaire Privee UBP SA purchased a new position in shares of Constellation Brands in the fourth quarter worth approximately $28,000. Finally, Versant Capital Management Inc raised its position in Constellation Brands by 887.5% during the fourth quarter. Versant Capital Management Inc now owns 158 shares of the company's stock valued at $35,000 after buying an additional 142 shares during the period. 77.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Wells Fargo & Company lowered their price target on Constellation Brands from $295.00 to $275.00 and set an "overweight" rating for the company in a research note on Tuesday, January 7th. Truist Financial lowered their price objective on shares of Constellation Brands from $255.00 to $190.00 and set a "hold" rating on the stock in a research note on Tuesday, January 14th. Piper Sandler cut Constellation Brands from an "overweight" rating to a "neutral" rating and lowered their price objective for the company from $245.00 to $200.00 in a research report on Monday, February 3rd. StockNews.com lowered Constellation Brands from a "hold" rating to a "sell" rating in a research note on Friday, March 14th. Finally, Argus cut shares of Constellation Brands from a "buy" rating to a "hold" rating in a research note on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $250.41.

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Insider Buying and Selling

In other Constellation Brands news, Director William T. Giles purchased 1,000 shares of the stock in a transaction that occurred on Friday, January 17th. The shares were acquired at an average cost 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 in the company, valued at $272,688.57. The trade was a 215.98 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 12.19% of the stock is currently owned by insiders.

Constellation Brands Stock Performance

STZ stock traded down $0.71 during trading hours on Tuesday, reaching $179.57. The stock had a trading volume of 347,535 shares, compared to its average volume of 1,572,162. The stock has a 50-day simple moving average of $177.22 and a 200 day simple moving average of $216.39. Constellation Brands, Inc. has a fifty-two week low of $160.46 and a fifty-two week high of $274.87. The stock has a market capitalization of $32.45 billion, a PE ratio of 48.23, a price-to-earnings-growth ratio of 1.52 and a beta of 0.90. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46.

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

Constellation Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date was Friday, February 7th. Constellation Brands's dividend payout ratio is presently 108.60%.

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.