4,607 Shares in Constellation Brands, Inc. (NYSE:STZ) Bought by Magnetar Financial LLC

Magnetar Financial LLC acquired a new stake in Constellation Brands, Inc. (NYSE:STZ - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 4,607 shares of the company's stock, valued at approximately $1,018,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Van ECK Associates Corp lifted its position in shares of Constellation Brands by 1,844.7% during the 4th quarter. Van ECK Associates Corp now owns 924,274 shares of the company's stock worth $204,265,000 after buying an additional 876,745 shares during the last quarter. Copperleaf Capital LLC acquired a new stake in Constellation Brands during the 4th quarter worth $343,000. Grimes & Company Inc. purchased a new stake in Constellation Brands in the fourth quarter valued at $6,099,000. Empowered Funds LLC boosted its stake in Constellation Brands by 62.8% in the fourth quarter. Empowered Funds LLC now owns 16,575 shares of the company's stock valued at $3,663,000 after acquiring an additional 6,391 shares in the last quarter. Finally, Southern Style Financial Inc. purchased a new position in shares of Constellation Brands during the fourth quarter worth about $3,074,000. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Constellation Brands news, Director William T. Giles purchased 1,000 shares of the firm's stock in a transaction on Friday, January 17th. The shares were purchased at an average cost of $186.39 per share, with a total value of $186,390.00. Following the purchase, the director now owns 1,463 shares in the company, valued at approximately $272,688.57. This represents a 215.98 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 12.19% of the company's stock.

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Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Argus downgraded Constellation Brands from a "buy" rating to a "hold" rating in a report on Tuesday, January 14th. Piper Sandler downgraded 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 report on Monday, February 3rd. Truist Financial cut their target price on shares of Constellation Brands from $255.00 to $190.00 and set a "hold" rating on the stock in a report on Tuesday, January 14th. Citigroup cut shares of Constellation Brands from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $260.00 to $200.00 in a research note on Thursday, March 20th. Finally, StockNews.com downgraded shares of Constellation Brands from a "hold" rating to a "sell" rating in a research report on Friday, March 14th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $250.41.

Constellation Brands Price Performance

NYSE:STZ traded down $0.45 during mid-day trading on Tuesday, hitting $179.83. 278,011 shares of the company's stock traded hands, compared to its average volume of 2,902,836. 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 company has a market cap of $32.50 billion, a PE ratio of 48.32, a price-to-earnings-growth ratio of 1.52 and a beta of 0.90. The firm's 50 day simple moving average is $177.22 and its 200 day simple moving average is $216.39. Constellation Brands, Inc. has a 1 year low of $160.46 and a 1 year 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 firm had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.53 billion. During the same period in the previous year, the firm posted $3.19 EPS. The company's revenue for the quarter was down .3% compared to the same quarter last year. Sell-side analysts expect that Constellation Brands, Inc. will post 13.5 EPS for the current year.

Constellation Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 2.25%. The ex-dividend date was Friday, February 7th. Constellation Brands's dividend payout ratio (DPR) 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.