National Bank of Canada FI Has $19.80 Million Holdings in Constellation Brands, Inc. (NYSE:STZ)

National Bank of Canada FI raised its holdings in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 14.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 89,573 shares of the company's stock after buying an additional 11,368 shares during the period. National Bank of Canada FI's holdings in Constellation Brands were worth $19,799,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Van ECK Associates Corp lifted its stake in shares of Constellation Brands by 1,844.7% in the fourth quarter. Van ECK Associates Corp now owns 924,274 shares of the company's stock worth $204,265,000 after acquiring an additional 876,745 shares in the last quarter. Copperleaf Capital LLC bought a new position in Constellation Brands during the fourth quarter worth $343,000. Grimes & Company Inc. bought a new stake in Constellation Brands during the fourth quarter valued at $6,099,000. Empowered Funds LLC increased its stake in Constellation Brands by 62.8% during the fourth quarter. Empowered Funds LLC now owns 16,575 shares of the company's stock valued at $3,663,000 after purchasing an additional 6,391 shares during the last quarter. Finally, Southern Style Financial Inc. acquired a new stake in shares of Constellation Brands during the fourth quarter worth $3,074,000. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

STZ has been the subject of a number of recent research reports. Evercore ISI lowered their price objective on shares of Constellation Brands from $300.00 to $250.00 and set an "outperform" rating for the company in a research report on Monday, January 13th. Wells Fargo & Company cut 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. Morgan Stanley downgraded Constellation Brands from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $220.00 to $202.00 in a research note on Thursday, February 27th. TD Cowen cut their target price on Constellation Brands from $270.00 to $260.00 and set a "hold" rating on the stock in a research note on Wednesday, January 8th. Finally, Truist Financial lowered their price target on shares of Constellation Brands from $255.00 to $190.00 and set a "hold" rating for the company in a research report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $244.32.

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Insider Buying and Selling at Constellation Brands

In related news, Director William T. Giles acquired 1,000 shares of the stock in a transaction dated Friday, January 17th. The stock was bought at an average price of $186.39 per share, with a total value of $186,390.00. Following the completion of the transaction, the director now directly owns 1,463 shares of the company's stock, valued at approximately $272,688.57. The trade was a 215.98 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 12.19% of the company's stock.

Constellation Brands Stock Performance

Shares of STZ stock traded down $7.70 during trading on Friday, reaching $173.79. The company had a trading volume of 3,176,710 shares, compared to its average volume of 1,648,626. The company has a market capitalization of $31.41 billion, a PE ratio of 46.72, a PEG ratio of 1.52 and a beta of 1.75. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46. The firm's 50 day simple moving average is $177.14 and its two-hundred day simple moving average is $212.27. Constellation Brands, Inc. has a one year low of $160.46 and a one year high of $274.87.

Constellation Brands (NYSE:STZ - Get Free Report) last posted its earnings results on Friday, January 10th. The company reported $3.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.33 by ($0.08). The firm had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.53 billion. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The business's quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.19 earnings per share. Sell-side analysts forecast that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a $1.01 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.04 dividend on an annualized basis and a yield of 2.32%. Constellation Brands's payout ratio is currently 108.60%.

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.