Constellation Brands, Inc. (NYSE:STZ) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC lifted its holdings in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 2.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,204,003 shares of the company's stock after acquiring an additional 63,323 shares during the quarter. Geode Capital Management LLC owned about 1.77% of Constellation Brands worth $705,844,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in STZ. Mainstream Capital Management LLC purchased a new stake in shares of Constellation Brands during the 4th quarter valued at about $25,000. SBI Securities Co. Ltd. purchased a new stake in shares of Constellation Brands during the fourth quarter valued at approximately $26,000. Compagnie Lombard Odier SCmA purchased a new stake in shares of Constellation Brands during the fourth quarter valued at approximately $27,000. Union Bancaire Privee UBP SA acquired a new position in shares of Constellation Brands during the fourth quarter worth $28,000. Finally, Versant Capital Management Inc boosted its stake in shares of Constellation Brands by 887.5% in the fourth quarter. Versant Capital Management Inc now owns 158 shares of the company's stock valued at $35,000 after purchasing an additional 142 shares during the period. 77.34% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Constellation Brands news, Director William T. Giles bought 1,000 shares of the stock in a transaction that occurred on Friday, January 17th. The shares were purchased at an average cost of $186.39 per share, for a total transaction of $186,390.00. Following the transaction, the director now directly owns 1,463 shares in the company, valued at $272,688.57. The trade was a 215.98 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 12.19% of the company's stock.

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Analysts Set New Price Targets

Several equities research analysts recently issued reports on STZ shares. Roth Capital dropped their price target on shares of Constellation Brands from $298.00 to $284.00 and set a "buy" rating on the stock in a research note on Friday, January 17th. Morgan Stanley lowered Constellation Brands from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $220.00 to $202.00 in a research report on Thursday, February 27th. Argus downgraded Constellation Brands from a "buy" rating to a "hold" rating in a report on Tuesday, January 14th. UBS Group lowered their price objective on Constellation Brands from $265.00 to $223.00 and set a "buy" rating for the company in a research note on Friday, January 17th. Finally, Truist Financial cut their target price on Constellation Brands from $255.00 to $190.00 and set a "hold" rating on the stock in a research report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $244.32.

Constellation Brands Stock Performance

Shares of NYSE STZ traded down $7.70 during mid-day trading on Friday, hitting $173.79. The company had a trading volume of 3,176,710 shares, compared to its average volume of 1,647,030. Constellation Brands, Inc. has a 12 month low of $160.46 and a 12 month high of $274.87. The stock has a market cap of $31.41 billion, a price-to-earnings 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 $212.55.

Constellation Brands (NYSE:STZ - Get Free Report) last announced its quarterly earnings results on Friday, January 10th. The company reported $3.25 earnings per share (EPS) 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 firm had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.53 billion. During the same period last year, the firm posted $3.19 EPS. The business's revenue was down .3% compared to the same quarter last year. As a group, equities research analysts forecast that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a $1.01 dividend. The ex-dividend date was Friday, February 7th. This represents a $4.04 annualized dividend and a dividend 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.