D1 Capital Partners L.P. Raises Stake in Constellation Brands, Inc. (NYSE:STZ)

D1 Capital Partners L.P. raised its position in Constellation Brands, Inc. (NYSE:STZ - Free Report) by 186.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,527,689 shares of the company's stock after buying an additional 994,639 shares during the quarter. Constellation Brands makes up approximately 5.6% of D1 Capital Partners L.P.'s portfolio, making the stock its 4th biggest position. D1 Capital Partners L.P. owned approximately 0.85% of Constellation Brands worth $337,619,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its position in Constellation Brands by 13.3% in the fourth quarter. Vanguard Group Inc. now owns 15,534,787 shares of the company's stock worth $3,433,188,000 after acquiring an additional 1,821,969 shares in the last quarter. Capital World Investors grew its holdings in shares of Constellation Brands by 3.4% during the fourth quarter. Capital World Investors now owns 9,755,602 shares of the company's stock worth $2,155,946,000 after buying an additional 324,690 shares in the last quarter. Geode Capital Management LLC grew its holdings in Constellation Brands by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 3,204,003 shares of the company's stock valued at $705,844,000 after purchasing an additional 63,323 shares during the period. Capital Research Global Investors grew its stake in Constellation Brands by 0.6% during the fourth quarter. Capital Research Global Investors now owns 2,901,975 shares of the company's stock worth $641,336,000 after buying an additional 18,557 shares during the period. Finally, Grantham Mayo Van Otterloo & Co. LLC grew its stake in Constellation Brands by 42.9% during the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 2,454,258 shares of the company's stock worth $542,391,000 after buying an additional 736,780 shares during the period. Institutional investors and hedge funds own 77.34% of the company's stock.

Constellation Brands Stock Performance

Shares of STZ stock traded up $0.52 during trading on Monday, reaching $185.87. The company had a trading volume of 1,518,541 shares, compared to its average volume of 2,754,072. The firm's 50 day simple moving average is $180.88 and its two-hundred day simple moving average is $204.36. 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, Inc. has a one year low of $160.46 and a one year high of $265.70. The company has a market capitalization of $33.59 billion, a PE ratio of 49.97, a PEG ratio of 1.52 and a beta of 1.75.

Constellation Brands (NYSE:STZ - Get Free Report) last issued its quarterly earnings data on Wednesday, April 9th. The company reported $2.63 earnings per share 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 business had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same period last year, the business earned $2.26 EPS. The firm's revenue was up 1.2% compared to the same quarter last year. Sell-side analysts forecast that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Tuesday, April 29th will be given a $1.02 dividend. This is an increase from Constellation Brands's previous quarterly dividend of $1.01. This represents a $4.08 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend is Tuesday, April 29th. Constellation Brands's payout ratio is currently -800.00%.

Wall Street Analysts Forecast Growth

STZ has been the topic of a number of recent research reports. UBS Group reduced their target price on shares of Constellation Brands from $265.00 to $223.00 and set a "buy" rating on the stock in a research report on Friday, January 17th. TD Cowen decreased their target price on Constellation Brands from $270.00 to $260.00 and set a "hold" rating for the company in a research note on Wednesday, January 8th. Needham & Company LLC restated a "buy" rating and issued a $215.00 target price on shares of Constellation Brands in a research note on Thursday, April 10th. The Goldman Sachs Group reduced their price objective on Constellation Brands from $260.00 to $225.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Finally, Piper Sandler cut Constellation Brands from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $245.00 to $200.00 in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, ten have given a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $224.42.

Constellation Brands 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.