Constellation Brands, Inc. (NYSE:STZ) Shares Purchased by Amundi

Amundi increased its position in Constellation Brands, Inc. (NYSE:STZ - Free Report) by 54.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 453,180 shares of the company's stock after acquiring an additional 160,563 shares during the period. Amundi owned approximately 0.25% of Constellation Brands worth $99,373,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of STZ. Assetmark Inc. boosted its position in shares of Constellation Brands by 25.1% in the 3rd quarter. Assetmark Inc. now owns 22,609 shares of the company's stock worth $5,826,000 after buying an additional 4,531 shares in the last quarter. Legacy Capital Wealth Partners LLC lifted its holdings in shares of Constellation Brands by 40.9% in the third quarter. Legacy Capital Wealth Partners LLC now owns 2,227 shares of the company's stock valued at $574,000 after purchasing an additional 646 shares in the last quarter. Chartwell Investment Partners LLC grew its position in shares of Constellation Brands by 7.1% in the third quarter. Chartwell Investment Partners LLC now owns 39,431 shares of the company's stock valued at $10,161,000 after purchasing an additional 2,627 shares during the last quarter. Delta Financial Advisors LLC increased its stake in shares of Constellation Brands by 3.6% during the 3rd quarter. Delta Financial Advisors LLC now owns 4,933 shares of the company's stock worth $1,271,000 after purchasing an additional 171 shares in the last quarter. Finally, Jupiter Wealth Management LLC lifted its stake in Constellation Brands by 51.5% in the 3rd quarter. Jupiter Wealth Management LLC now owns 3,408 shares of the company's stock valued at $878,000 after buying an additional 1,158 shares in the last quarter. 77.34% of the stock is owned by hedge funds and other institutional investors.

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Constellation Brands Stock Down 1.2 %

NYSE STZ traded down $2.18 during mid-day trading on Wednesday, reaching $183.09. 904,860 shares of the company's stock traded hands, compared to its average volume of 1,527,987. The company has a fifty day simple moving average of $182.96 and a 200-day simple moving average of $220.33. Constellation Brands, Inc. has a 1-year low of $160.46 and a 1-year high of $274.87. The company has a market cap of $33.09 billion, a price-to-earnings ratio of 49.22, a P/E/G ratio of 1.52 and a beta of 1.75. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26.

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

Constellation Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date was Friday, February 7th. Constellation Brands's dividend payout ratio is presently 108.60%.

Insider Buying and Selling at Constellation Brands

In other Constellation Brands news, Director William T. Giles acquired 1,000 shares of the stock in a transaction that occurred on Friday, January 17th. The stock was acquired at an average price of $186.39 per share, with a total value of $186,390.00. Following the transaction, the director now directly owns 1,463 shares in the company, valued at approximately $272,688.57. This represents a 215.98 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 12.19% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on STZ. Piper Sandler cut Constellation Brands from an "overweight" rating to a "neutral" rating and cut their price target for the stock from $245.00 to $200.00 in a report on Monday, February 3rd. Evercore ISI lowered their target price on shares of Constellation Brands from $300.00 to $250.00 and set an "outperform" rating for the company in a research note on Monday, January 13th. Wells Fargo & Company reduced their price target on Constellation Brands from $295.00 to $275.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 7th. Barclays lowered their price target on Constellation Brands from $282.00 to $214.00 and set an "overweight" rating for the company in a report on Tuesday, January 14th. Finally, BNP Paribas initiated coverage on shares of Constellation Brands in a research report on Monday, November 25th. They set a "neutral" rating and a $261.00 price target for the company. Eleven analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, Constellation Brands currently has a consensus rating of "Moderate Buy" and a consensus target price of $253.24.

About Constellation Brands

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.