Constellation Brands, Inc. (NYSE:STZ) Shares Acquired by iA Global Asset Management Inc.

iA Global Asset Management Inc. increased its holdings in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 331.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,401 shares of the company's stock after buying an additional 7,990 shares during the period. iA Global Asset Management Inc.'s holdings in Constellation Brands were worth $2,299,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in STZ. Mainstream Capital Management LLC acquired a new stake in shares of Constellation Brands in the fourth quarter valued at about $25,000. SBI Securities Co. Ltd. purchased a new stake in Constellation Brands during the 4th quarter worth approximately $26,000. Compagnie Lombard Odier SCmA acquired a new position in shares of Constellation Brands during the fourth quarter valued at approximately $27,000. Union Bancaire Privee UBP SA purchased a new position in shares of Constellation Brands in the fourth quarter valued at approximately $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 worth $35,000 after acquiring an additional 142 shares during the last quarter. Hedge funds and other institutional investors own 77.34% of the company's stock.

Constellation Brands Stock Down 0.3 %

STZ traded down $0.45 on Tuesday, hitting $179.83. 278,011 shares of the company were exchanged, compared to its average volume of 2,902,836. The firm has a 50-day moving average price of $177.22 and a two-hundred day moving average price of $216.39. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26. Constellation Brands, Inc. has a twelve month low of $160.46 and a twelve month high of $274.87. The company has a market cap of $32.50 billion, a price-to-earnings ratio of 48.32, a price-to-earnings-growth ratio of 1.52 and a beta of 0.90.

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

Constellation Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a $1.01 dividend. The ex-dividend date was Friday, February 7th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.25%. Constellation Brands's payout ratio is 108.60%.

Insider Transactions at Constellation Brands

In other Constellation Brands news, Director William T. Giles bought 1,000 shares of the business's stock in a transaction dated Friday, January 17th. The shares were acquired at an average price of $186.39 per share, with a total value of $186,390.00. Following the transaction, the director now 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 acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 12.19% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on STZ. BNP Paribas started coverage on shares of Constellation Brands in a research report on Monday, November 25th. They set a "neutral" rating and a $261.00 price target on the stock. TD Cowen lowered their price target on shares of Constellation Brands from $270.00 to $260.00 and set a "hold" rating on the stock in a research report on Wednesday, January 8th. Barclays cut their price objective on shares of Constellation Brands from $214.00 to $205.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. Piper Sandler lowered shares of Constellation Brands from an "overweight" rating to a "neutral" rating and decreased their target price for the company from $245.00 to $200.00 in a report on Monday, February 3rd. Finally, UBS Group cut their price target on shares of Constellation Brands from $265.00 to $223.00 and set a "buy" rating for the company in a report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $250.41.

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.