Tokio Marine Asset Management Co. Ltd. Has $897,000 Stake in Constellation Brands, Inc. (NYSE:STZ)

Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 3.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,709 shares of the company’s stock after purchasing an additional 133 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Constellation Brands were worth $897,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of STZ. AE Wealth Management LLC increased its holdings in Constellation Brands by 32.0% during the 3rd quarter. AE Wealth Management LLC now owns 4,288 shares of the company’s stock valued at $1,078,000 after purchasing an additional 1,040 shares in the last quarter. Impact Partnership Wealth LLC increased its stake in shares of Constellation Brands by 1,175.0% in the 3rd quarter. Impact Partnership Wealth LLC now owns 102 shares of the company’s stock valued at $26,000 after buying an additional 94 shares during the period. Strategic Blueprint LLC increased its stake in shares of Constellation Brands by 5.6% in the 3rd quarter. Strategic Blueprint LLC now owns 1,571 shares of the company’s stock valued at $395,000 after buying an additional 84 shares during the period. Oak Thistle LLC increased its stake in shares of Constellation Brands by 36.9% in the 3rd quarter. Oak Thistle LLC now owns 1,344 shares of the company’s stock valued at $338,000 after buying an additional 362 shares during the period. Finally, Czech National Bank increased its stake in shares of Constellation Brands by 47.7% in the 3rd quarter. Czech National Bank now owns 28,202 shares of the company’s stock valued at $7,088,000 after buying an additional 9,113 shares during the period. 77.34% of the stock is owned by institutional investors and hedge funds.

Constellation Brands Price Performance

Shares of NYSE STZ opened at $260.04 on Friday. The business’s 50 day moving average price is $259.80 and its two-hundred day moving average price is $247.94. The company has a market cap of $47.54 billion, a PE ratio of 27.72, a price-to-earnings-growth ratio of 1.77 and a beta of 0.97. The company has a quick ratio of 0.53, a current ratio of 1.19 and a debt-to-equity ratio of 1.06. Constellation Brands, Inc. has a twelve month low of $221.81 and a twelve month high of $274.87.

Constellation Brands (NYSE:STZ) last posted its earnings results on Thursday, April 11th. The company reported $2.26 EPS for the quarter, beating the consensus estimate of $2.10 by $0.16. Constellation Brands had a return on equity of 23.06% and a net margin of 16.13%. The company had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter in the prior year, the business earned $1.98 earnings per share. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, analysts predict that Constellation Brands, Inc. will post 13.51 EPS for the current year.

Constellation Brands Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 3rd will be given a $1.01 dividend. This is an increase from Constellation Brands’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $4.04 annualized dividend and a dividend yield of 1.55%. Constellation Brands’s dividend payout ratio is presently 37.95%.

Insider Activity

In other news, EVP James A. Jr. Sabia sold 15,781 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $263.63, for a total value of $4,160,345.03. Following the transaction, the executive vice president now owns 20,910 shares of the company’s stock, valued at $5,512,503.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP James A. Jr. Sabia sold 15,781 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $263.63, for a total value of $4,160,345.03. Following the completion of the sale, the executive vice president now directly owns 20,910 shares in the company, valued at $5,512,503.30. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO William A. Newlands sold 4,013 shares of the business’s stock in a transaction that occurred on Friday, April 19th. The shares were sold at an average price of $263.25, for a total value of $1,056,422.25. Following the completion of the sale, the chief executive officer now owns 5,395 shares of the company’s stock, valued at $1,420,233.75. The disclosure for this sale can be found here. 16.19% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. TheStreet cut Constellation Brands from a “b” rating to a “c+” rating in a research note on Friday, January 5th. Deutsche Bank Aktiengesellschaft lifted their target price on Constellation Brands from $256.00 to $262.00 and gave the stock a “hold” rating in a report on Wednesday, April 10th. Argus upgraded Constellation Brands from a “hold” rating to a “buy” rating and set a $306.00 price target on the stock in a report on Monday, April 15th. Jefferies Financial Group boosted their price target on Constellation Brands from $292.00 to $314.00 and gave the company a “buy” rating in a report on Friday, April 12th. Finally, Piper Sandler initiated coverage on Constellation Brands in a report on Friday, March 22nd. They issued an “overweight” rating and a $300.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $298.55.

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 Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Victoria, Vicky Chamoy, and Pacifico brands.