Constellation Brands, Inc. (NYSE:STZ) Shares Bought by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd grew its stake in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 25.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,029 shares of the company's stock after purchasing an additional 2,859 shares during the quarter. UniSuper Management Pty Ltd's holdings in Constellation Brands were worth $3,100,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in Constellation Brands by 13.3% during the 4th 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. State Street Corp raised its stake in shares of Constellation Brands by 6.0% during the third quarter. State Street Corp now owns 7,144,428 shares of the company's stock valued at $1,841,048,000 after purchasing an additional 402,211 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Constellation Brands by 13.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,176,095 shares of the company's stock worth $482,919,000 after purchasing an additional 253,445 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Constellation Brands by 1.2% in the third quarter. Janus Henderson Group PLC now owns 1,853,081 shares of the company's stock valued at $477,515,000 after purchasing an additional 21,454 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Constellation Brands by 2.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,782,964 shares of the company's stock valued at $394,035,000 after purchasing an additional 38,786 shares during the period. Institutional investors and hedge funds own 77.34% of the company's stock.

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Insiders Place Their Bets

In related news, Director William T. Giles acquired 1,000 shares of the stock in a transaction that occurred on Friday, January 17th. The shares were acquired at an average price of $186.39 per share, for a total transaction of $186,390.00. Following the completion of the purchase, the director now directly owns 1,463 shares of the company's stock, valued at $272,688.57. The trade was a 215.98 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 12.19% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on STZ shares. Piper Sandler cut shares of Constellation Brands from an "overweight" rating to a "neutral" rating and decreased their price objective for the company from $245.00 to $200.00 in a research report on Monday, February 3rd. Needham & Company LLC dropped their price objective on Constellation Brands from $240.00 to $215.00 and set a "buy" rating on the stock in a report on Thursday, March 27th. Morgan Stanley lowered Constellation Brands from an "overweight" rating to an "equal weight" rating and cut their target price for the company from $220.00 to $202.00 in a research report on Thursday, February 27th. Roth Capital dropped their price target on shares of Constellation Brands from $298.00 to $284.00 and set a "buy" rating for the company in a research note on Friday, January 17th. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $203.00 price target (down from $262.00) on shares of Constellation Brands in a report on Monday, January 13th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $249.18.

Constellation Brands Stock Performance

Shares of STZ traded up $1.46 during mid-day trading on Tuesday, reaching $184.98. 1,422,917 shares of the company's stock traded hands, compared to its average volume of 1,627,939. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 1.10. The business's 50-day moving average price is $177.18 and its 200-day moving average price is $214.02. The stock has a market capitalization of $33.43 billion, a P/E ratio of 49.73, 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 $274.87.

Constellation Brands (NYSE:STZ - Get Free Report) last announced its earnings results 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 business had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.53 billion. During the same period in the previous year, the firm earned $3.19 EPS. The firm's revenue was down .3% on a year-over-year basis. Equities analysts predict that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a dividend of $1.01 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.04 annualized dividend and a yield of 2.18%. Constellation Brands's payout ratio is 108.60%.

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.