Virtu Financial LLC Acquires Shares of 26,620 Constellation Brands, Inc. (NYSE:STZ)

Virtu Financial LLC acquired a new stake in Constellation Brands, Inc. (NYSE:STZ - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 26,620 shares of the company's stock, valued at approximately $5,883,000.

A number of other institutional investors also recently bought and sold shares of the business. State Street Corp grew its holdings in Constellation Brands by 6.0% in the third quarter. State Street Corp now owns 7,144,428 shares of the company's stock valued at $1,841,048,000 after purchasing an additional 402,211 shares during the last quarter. Janus Henderson Group PLC grew its stake in Constellation Brands by 1.2% in the 3rd quarter. Janus Henderson Group PLC now owns 1,853,081 shares of the company's stock valued at $477,515,000 after acquiring an additional 21,454 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Constellation Brands by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,782,964 shares of the company's stock valued at $394,035,000 after acquiring an additional 38,786 shares in the last quarter. Van ECK Associates Corp raised 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 purchasing an additional 876,745 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Constellation Brands in the fourth quarter valued at $105,766,000. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Constellation Brands Price Performance

Constellation Brands stock traded down $0.67 during mid-day trading on Tuesday, hitting $179.61. 347,535 shares of the company traded hands, compared to its average volume of 1,572,162. The stock has a fifty day moving average price of $177.22 and a 200-day moving average price of $216.39. The stock has a market cap of $32.46 billion, a price-to-earnings ratio of 48.23, a price-to-earnings-growth ratio of 1.52 and a beta of 0.90. Constellation Brands, Inc. has a one year low of $160.46 and a one year high of $274.87. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 1.10.

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Constellation Brands (NYSE:STZ - Get Free Report) last announced 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 analysts' expectations of $2.53 billion. During the same quarter last year, the firm posted $3.19 earnings per share. The firm's revenue was down .3% on a year-over-year basis. On average, equities analysts predict that Constellation Brands, Inc. will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors 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 of this dividend was Friday, February 7th. Constellation Brands's dividend payout ratio is currently 108.60%.

Analyst Ratings Changes

Several research analysts have recently weighed in on STZ shares. Truist Financial cut their price objective 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. Evercore ISI reduced their target price on Constellation Brands from $300.00 to $250.00 and set an "outperform" rating on the stock in a report on Monday, January 13th. Barclays dropped their price target on Constellation Brands from $214.00 to $205.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. Citigroup lowered Constellation Brands from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $260.00 to $200.00 in a research note on Thursday, March 20th. Finally, Argus downgraded shares of Constellation Brands from a "buy" rating to a "hold" rating in a research report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $250.41.

Insider Buying and Selling

In related news, Director William T. Giles acquired 1,000 shares of the firm's stock in a transaction dated Friday, January 17th. The shares were purchased at an average price of $186.39 per share, for a total transaction of $186,390.00. Following the completion of the acquisition, 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 purchase was disclosed in a filing with the SEC, which is available at this link. 12.19% of the stock is owned by corporate insiders.

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.