Constellation Brands, Inc. (NYSE:STZ) Shares Acquired by Metis Global Partners LLC

Metis Global Partners LLC raised its stake in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 30.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,262 shares of the company's stock after acquiring an additional 1,692 shares during the period. Metis Global Partners LLC's holdings in Constellation Brands were worth $1,605,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. State Street Corp raised its stake in shares of Constellation Brands by 6.0% during the 3rd quarter. State Street Corp now owns 7,144,428 shares of the company's stock worth $1,841,048,000 after buying an additional 402,211 shares in the last quarter. Janus Henderson Group PLC raised its position in Constellation Brands by 1.2% in the third quarter. Janus Henderson Group PLC now owns 1,853,081 shares of the company's stock worth $477,515,000 after acquiring an additional 21,454 shares in the last quarter. Van ECK Associates Corp lifted its holdings in Constellation Brands by 1,844.7% in the fourth quarter. Van ECK Associates Corp now owns 924,274 shares of the company's stock valued at $204,265,000 after acquiring an additional 876,745 shares during the period. National Pension Service grew its stake in shares of Constellation Brands by 13.6% during the 3rd quarter. National Pension Service now owns 381,755 shares of the company's stock worth $98,374,000 after purchasing an additional 45,707 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of Constellation Brands by 66.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 369,966 shares of the company's stock valued at $81,762,000 after purchasing an additional 147,457 shares in the last quarter. 77.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on STZ. JPMorgan Chase & Co. restated a "neutral" rating and set a $203.00 target price (down from $262.00) on shares of Constellation Brands in a research report on Monday, January 13th. Piper Sandler downgraded Constellation Brands from an "overweight" rating to a "neutral" rating and dropped their price objective for the company from $245.00 to $200.00 in a research note on Monday, February 3rd. BNP Paribas initiated coverage on Constellation Brands in a research report on Monday, November 25th. They set a "neutral" rating and a $261.00 target price on the stock. Wells Fargo & Company dropped their price target on Constellation Brands from $295.00 to $275.00 and set an "overweight" rating for the company in a research report on Tuesday, January 7th. Finally, StockNews.com cut shares of Constellation Brands from a "hold" rating to a "sell" rating in a research note on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $253.43.

Insider Transactions at Constellation Brands

In other news, Director William T. Giles purchased 1,000 shares of the stock in a transaction on Friday, January 17th. The stock was purchased 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 owns 1,463 shares in the company, 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 12.19% of the company's stock.

Constellation Brands Trading Up 1.2 %

NYSE STZ traded up $2.09 during trading hours on Wednesday, hitting $174.65. 1,571,812 shares of the company's stock were exchanged, compared to its average volume of 2,990,119. The business's 50 day moving average is $186.93 and its 200-day moving average is $222.47. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 1.10. Constellation Brands, Inc. has a 12-month low of $160.46 and a 12-month high of $274.87. The firm has a market capitalization of $31.56 billion, a P/E ratio of 47.00, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75.

Constellation Brands (NYSE:STZ - Get Free Report) last released its 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 return on equity of 26.55% and a net margin of 6.27%. The company had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.53 billion. During the same period in the prior year, the business posted $3.19 earnings per share. Constellation Brands's revenue was down .3% on a year-over-year basis. As a group, analysts anticipate that Constellation Brands, Inc. will post 13.5 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders 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 dividend yield of 2.31%. Constellation Brands's dividend payout ratio is presently 108.60%.

Constellation Brands 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.