CANADA LIFE ASSURANCE Co Purchases 4,687 Shares of Constellation Brands, Inc. (NYSE:STZ)

CANADA LIFE ASSURANCE Co grew its holdings in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 3.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 133,563 shares of the company's stock after acquiring an additional 4,687 shares during the period. CANADA LIFE ASSURANCE Co owned 0.07% of Constellation Brands worth $29,500,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Allworth Financial LP grew its position in shares of Constellation Brands by 0.8% during the 4th quarter. Allworth Financial LP now owns 7,357 shares of the company's stock valued at $1,626,000 after acquiring an additional 59 shares during the period. BSW Wealth Partners grew its holdings in Constellation Brands by 4.2% during the fourth quarter. BSW Wealth Partners now owns 1,563 shares of the company's stock valued at $345,000 after purchasing an additional 63 shares during the period. Philip James Wealth Mangement LLC increased its position in Constellation Brands by 8.0% in the fourth quarter. Philip James Wealth Mangement LLC now owns 923 shares of the company's stock worth $204,000 after buying an additional 68 shares in the last quarter. Oak Asset Management LLC raised its stake in shares of Constellation Brands by 0.4% in the fourth quarter. Oak Asset Management LLC now owns 17,611 shares of the company's stock worth $3,892,000 after buying an additional 71 shares during the period. Finally, Barden Capital Management Inc. lifted its position in shares of Constellation Brands by 1.3% during the 4th quarter. Barden Capital Management Inc. now owns 5,574 shares of the company's stock valued at $1,232,000 after buying an additional 72 shares in the last quarter. 77.34% of the stock is owned by institutional investors.

Constellation Brands Trading Up 0.2 %

Shares of STZ stock traded up $0.29 during trading hours on Wednesday, reaching $187.29. 1,915,744 shares of the stock were exchanged, compared to its average volume of 1,701,931. The firm has a market capitalization of $33.85 billion, a price-to-earnings ratio of 50.35, 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 $265.70. The company's 50-day moving average price is $179.57 and its 200-day moving average price is $205.74. 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 released its earnings results on Wednesday, April 9th. The company reported $2.63 EPS for the quarter, beating analysts' consensus estimates of $2.28 by $0.35. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The firm had revenue of $2.13 billion for the quarter, compared to analysts' expectations of $2.14 billion. During the same quarter in the prior year, the firm posted $2.26 earnings per share. The company's quarterly revenue was up 1.2% on a year-over-year basis. As a group, equities analysts anticipate that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Tuesday, April 29th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.18%. The ex-dividend date is Tuesday, April 29th. This is an increase from Constellation Brands's previous quarterly dividend of $1.01. Constellation Brands's dividend payout ratio (DPR) is currently -800.00%.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Piper Sandler downgraded shares of Constellation Brands from an "overweight" rating to a "neutral" rating and lowered their price target for the company from $245.00 to $200.00 in a report on Monday, February 3rd. Wells Fargo & Company decreased their price target on Constellation Brands from $230.00 to $210.00 and set an "overweight" rating on the stock in a report on Wednesday, April 2nd. Roth Mkm dropped their price objective on Constellation Brands from $284.00 to $256.00 and set a "buy" rating for the company in a research note on Thursday, April 3rd. Citigroup decreased their target price on Constellation Brands from $200.00 to $190.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Finally, StockNews.com downgraded Constellation Brands from a "hold" rating to a "sell" rating in a research note on Thursday, April 17th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $224.42.

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.