Constellation Brands, Inc. (NYSE:STZ) Shares Bought by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd boosted its holdings in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 36.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,852 shares of the company's stock after acquiring an additional 2,111 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Constellation Brands were worth $2,023,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Legal & General Group Plc boosted its position in shares of Constellation Brands by 5.7% during the 2nd quarter. Legal & General Group Plc now owns 1,335,976 shares of the company's stock worth $343,717,000 after purchasing an additional 72,637 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Constellation Brands by 31.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,002,332 shares of the company's stock worth $257,865,000 after buying an additional 241,982 shares during the period. Boston Partners grew its stake in shares of Constellation Brands by 50.9% in the first quarter. Boston Partners now owns 975,589 shares of the company's stock valued at $265,099,000 after buying an additional 328,881 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of Constellation Brands by 23,184.7% in the 3rd quarter. International Assets Investment Management LLC now owns 499,689 shares of the company's stock valued at $128,765,000 after buying an additional 497,543 shares during the period. Finally, Manning & Napier Advisors LLC acquired a new position in Constellation Brands during the 2nd quarter worth about $119,394,000. Hedge funds and other institutional investors own 77.34% of the company's stock.

Insider Transactions at Constellation Brands

In related news, EVP Samuel J. Glaetzer sold 1,510 shares of the stock in a transaction on Monday, October 14th. The stock was sold at an average price of $245.57, for a total transaction of $370,810.70. Following the completion of the sale, the executive vice president now directly owns 4,970 shares of the company's stock, valued at $1,220,482.90. This trade represents a 23.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Wildstar Partners Llc sold 660 shares of the business's stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $241.00, for a total transaction of $159,060.00. Following the completion of the transaction, the insider now directly owns 1,736,884 shares in the company, valued at $418,589,044. This represents a 0.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 189,956 shares of company stock worth $46,058,091. Company insiders own 12.19% of the company's stock.

Wall Street Analyst Weigh In

STZ has been the subject of several research reports. TD Cowen downgraded Constellation Brands from a "buy" rating to a "hold" rating and dropped their target price for the company from $300.00 to $270.00 in a research report on Tuesday, October 8th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $308.00 target price on shares of Constellation Brands in a research note on Tuesday, November 19th. Evercore ISI reduced their target price on shares of Constellation Brands from $310.00 to $300.00 and set an "outperform" rating on the stock in a report on Friday, October 4th. Truist Financial dropped their price target on shares of Constellation Brands from $265.00 to $255.00 and set a "hold" rating for the company in a research note on Friday, October 4th. Finally, JPMorgan Chase & Co. reduced their price objective on Constellation Brands from $307.00 to $293.00 and set an "overweight" rating on the stock in a research note on Friday, October 4th. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat.com, Constellation Brands has an average rating of "Moderate Buy" and a consensus target price of $289.16.

Constellation Brands Stock Performance

Shares of Constellation Brands stock traded down $7.99 on Tuesday, hitting $233.68. The stock had a trading volume of 2,703,460 shares, compared to its average volume of 1,209,119. The company's 50 day moving average price is $242.42 and its 200 day moving average price is $247.08. The stock has a market cap of $42.43 billion, a price-to-earnings ratio of 75.62, a P/E/G ratio of 1.69 and a beta of 1.75. The company has a current ratio of 1.25, a quick ratio of 0.53 and a debt-to-equity ratio of 1.31. Constellation Brands, Inc. has a 52-week low of $224.76 and a 52-week high of $274.87.

Constellation Brands (NYSE:STZ - Get Free Report) last announced its earnings results on Thursday, October 3rd. The company reported $4.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.08 by $0.24. Constellation Brands had a net margin of 5.29% and a return on equity of 25.34%. The business had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.95 billion. During the same period last year, the firm posted $3.70 earnings per share. The company's revenue for the quarter was up 2.9% compared to the same quarter last year. On average, research analysts anticipate that Constellation Brands, Inc. will post 13.57 EPS for the current year.

Constellation Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Tuesday, November 5th were paid a dividend of $1.01 per share. The ex-dividend date was Tuesday, November 5th. This represents a $4.04 annualized dividend and a dividend yield of 1.73%. Constellation Brands's dividend payout ratio (DPR) is 130.74%.

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.