Constellation Brands, Inc. (NYSE:STZ) Stock Position Raised by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. lifted its stake in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 17.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,338,076 shares of the company's stock after buying an additional 201,632 shares during the quarter. T. Rowe Price Investment Management Inc. owned about 0.74% of Constellation Brands worth $295,715,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of STZ. Vanguard Group Inc. grew its stake in shares of 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 purchasing an additional 1,821,969 shares during the period. Capital World Investors increased its holdings in shares of Constellation Brands by 3.4% during the 4th quarter. Capital World Investors now owns 9,755,602 shares of the company's stock worth $2,155,946,000 after buying an additional 324,690 shares during the last quarter. Geode Capital Management LLC boosted its position in Constellation Brands by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 3,204,003 shares of the company's stock worth $705,844,000 after purchasing an additional 63,323 shares during the period. Capital Research Global Investors boosted its position in Constellation Brands by 0.6% during the 4th quarter. Capital Research Global Investors now owns 2,901,975 shares of the company's stock worth $641,336,000 after purchasing an additional 18,557 shares during the period. Finally, Grantham Mayo Van Otterloo & Co. LLC boosted its position in Constellation Brands by 42.9% in the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 2,454,258 shares of the company's stock valued at $542,391,000 after buying an additional 736,780 shares during the last quarter. Hedge funds and other institutional investors own 77.34% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on STZ. Royal Bank of Canada dropped their price objective on Constellation Brands from $289.00 to $233.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Barclays boosted their price target on shares of Constellation Brands from $203.00 to $207.00 and gave the company an "overweight" rating in a report on Monday, April 14th. Citigroup cut their target price on shares of Constellation Brands from $200.00 to $190.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Piper Sandler cut Constellation Brands from an "overweight" rating to a "neutral" rating and lowered their target price for the stock from $245.00 to $200.00 in a research note on Monday, February 3rd. Finally, Wells Fargo & Company cut their target price on Constellation Brands from $230.00 to $210.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, ten have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $224.42.

Constellation Brands Stock Up 0.6 %

Shares of NYSE STZ traded up $1.12 during mid-day trading on Tuesday, reaching $185.85. The company had a trading volume of 321,327 shares, compared to its average volume of 1,705,590. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26. The firm has a 50 day simple moving average of $181.15 and a two-hundred day simple moving average of $203.97. The stock has a market cap of $33.59 billion, a P/E ratio of 49.99, a PEG ratio of 1.52 and a beta of 1.75. Constellation Brands, Inc. has a 52-week low of $160.46 and a 52-week high of $265.70.

Constellation Brands (NYSE:STZ - Get Free Report) last released its earnings results on Wednesday, April 9th. The company reported $2.63 EPS for the quarter, topping the consensus estimate of $2.28 by $0.35. The company had revenue of $2.13 billion during the quarter, compared to analysts' expectations of $2.14 billion. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The business's revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the business earned $2.26 EPS. Sell-side analysts predict that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Tuesday, April 29th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 2.20%. This is an increase from Constellation Brands's previous quarterly dividend of $1.01. The ex-dividend date is Tuesday, April 29th. Constellation Brands's dividend payout ratio (DPR) is -800.00%.

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.