Syon Capital LLC Acquires 456 Shares of Constellation Brands, Inc. (NYSE:STZ)

Syon Capital LLC lifted its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 31.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,925 shares of the company’s stock after acquiring an additional 456 shares during the period. Syon Capital LLC’s holdings in Constellation Brands were worth $465,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in STZ. Darsana Capital Partners LP lifted its holdings in Constellation Brands by 288.9% during the third quarter. Darsana Capital Partners LP now owns 875,000 shares of the company’s stock worth $219,914,000 after acquiring an additional 650,000 shares during the period. International Assets Investment Management LLC lifted its position in Constellation Brands by 24,922.5% during the fourth quarter. International Assets Investment Management LLC now owns 567,010 shares of the company’s stock valued at $137,075,000 after purchasing an additional 564,744 shares during the last quarter. Phoenix Holdings Ltd. grew its position in Constellation Brands by 38.3% in the third quarter. Phoenix Holdings Ltd. now owns 551,447 shares of the company’s stock worth $138,608,000 after acquiring an additional 152,799 shares in the last quarter. Trexquant Investment LP purchased a new position in shares of Constellation Brands in the 3rd quarter worth about $30,640,000. Finally, HighTower Advisors LLC grew its position in Constellation Brands by 70.0% during the third quarter. HighTower Advisors LLC now owns 218,190 shares of the company’s stock valued at $54,983,000 after acquiring an additional 89,822 shares during the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on STZ. Deutsche Bank Aktiengesellschaft raised their target price on shares of Constellation Brands from $256.00 to $262.00 and gave the stock a “hold” rating in a report on Wednesday, April 10th. Jefferies Financial Group increased their price target on shares of Constellation Brands from $292.00 to $314.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. Argus raised Constellation Brands from a “hold” rating to a “buy” rating and set a $306.00 target price on the stock in a report on Monday, April 15th. Piper Sandler assumed coverage on shares of Constellation Brands in a research note on Friday, March 22nd. They issued an “overweight” rating and a $300.00 target price on the stock. Finally, Evercore ISI increased their price objective on Constellation Brands from $300.00 to $310.00 and gave the company an “outperform” rating in a research report on Friday, April 12th. Three research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat.com, Constellation Brands has a consensus rating of “Moderate Buy” and an average target price of $298.55.

Constellation Brands Price Performance

NYSE STZ opened at $260.04 on Friday. The company’s 50 day moving average is $259.80 and its two-hundred day moving average is $247.94. The company has a current ratio of 1.19, a quick ratio of 0.53 and a debt-to-equity ratio of 1.06. The stock has a market cap of $47.54 billion, a price-to-earnings ratio of 27.72, a PEG ratio of 1.77 and a beta of 0.97. Constellation Brands, Inc. has a 12 month low of $221.81 and a 12 month high of $274.87.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Thursday, April 11th. The company reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $2.10 by $0.16. The firm had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.09 billion. Constellation Brands had a return on equity of 23.06% and a net margin of 16.13%. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.98 earnings per share. As a group, research analysts anticipate that Constellation Brands, Inc. will post 13.51 earnings per share for the current year.

Constellation Brands Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 3rd will be issued a $1.01 dividend. The ex-dividend date is Thursday, May 2nd. This is a positive change from Constellation Brands’s previous quarterly dividend of $0.89. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.55%. Constellation Brands’s dividend payout ratio (DPR) is 37.95%.

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.