Constellation Brands Inc $STZ Shares Bought by Swedbank AB

Swedbank AB raised its position in Constellation Brands Inc (NYSE:STZ) by 108.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 63,055 shares of the company’s stock after purchasing an additional 32,757 shares during the period. Swedbank AB’s holdings in Constellation Brands were worth $8,699,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. OLD Republic International Corp boosted its stake in shares of Constellation Brands by 76.7% during the fourth quarter. OLD Republic International Corp now owns 193,500 shares of the company’s stock valued at $26,695,000 after acquiring an additional 84,000 shares during the last quarter. Coldstream Capital Management Inc. boosted its stake in shares of Constellation Brands by 47.0% during the fourth quarter. Coldstream Capital Management Inc. now owns 3,636 shares of the company’s stock valued at $502,000 after acquiring an additional 1,162 shares during the last quarter. Jefferies Financial Group Inc. acquired a new stake in shares of Constellation Brands during the fourth quarter valued at $14,639,000. LSV Asset Management boosted its stake in shares of Constellation Brands by 102.0% during the fourth quarter. LSV Asset Management now owns 495,180 shares of the company’s stock valued at $68,315,000 after acquiring an additional 250,000 shares during the last quarter. Finally, RD Lewis Holdings Inc. acquired a new stake in shares of Constellation Brands during the fourth quarter valued at $202,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

Constellation Brands Stock Down 1.2%

Shares of NYSE:STZ opened at $147.65 on Wednesday. The stock’s 50-day moving average price is $152.70 and its two-hundred day moving average price is $149.00. The company has a current ratio of 1.08, a quick ratio of 0.55 and a debt-to-equity ratio of 1.16. Constellation Brands Inc has a 12-month low of $126.45 and a 12-month high of $186.40. The firm has a market cap of $25.43 billion, a price-to-earnings ratio of 15.40, a PEG ratio of 3.28 and a beta of 0.43.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings results on Wednesday, April 8th. The company reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.71 by $0.19. Constellation Brands had a return on equity of 26.18% and a net margin of 17.29%.The firm had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period last year, the company earned $2.63 EPS. The firm’s quarterly revenue was down 11.3% on a year-over-year basis. On average, research analysts forecast that Constellation Brands Inc will post 11.9 EPS for the current year.

Constellation Brands Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Wednesday, April 29th were paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Wednesday, April 29th. This is a positive change from Constellation Brands’s previous quarterly dividend of $1.02. Constellation Brands’s dividend payout ratio is 42.96%.

Insider Transactions at Constellation Brands

In other Constellation Brands news, EVP James O. Bourdeau sold 4,407 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $143.24, for a total value of $631,258.68. Following the sale, the executive vice president directly owned 9,109 shares of the company’s stock, valued at approximately $1,304,773.16. This trade represents a 32.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 12.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on STZ shares. JPMorgan Chase & Co. increased their price objective on Constellation Brands from $155.00 to $163.00 and gave the company a “neutral” rating in a research note on Wednesday, April 1st. UBS Group increased their price objective on Constellation Brands from $176.00 to $186.00 and gave the company a “buy” rating in a research note on Friday, April 10th. Piper Sandler increased their price objective on Constellation Brands from $146.00 to $160.00 and gave the company a “neutral” rating in a research note on Friday, April 10th. Barclays increased their price objective on Constellation Brands from $151.00 to $170.00 and gave the company an “equal weight” rating in a research note on Friday, April 10th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $185.00 price objective on shares of Constellation Brands in a research note on Friday, April 10th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Constellation Brands has a consensus rating of “Moderate Buy” and a consensus price target of $175.37.

Constellation Brands Profile

Constellation Brands, Inc is a leading producer and marketer of beer, wine and spirits, with operations spanning production, importation, marketing and distribution. The company’s beverage portfolio includes a range of premium and mainstream wines and spirits alongside major imported beer brands; in the U.S. market Constellation is widely known for its role in bringing Mexican imports such as Corona and Modelo to American consumers. Constellation supplies retail, on?premise and foodservice channels and supports its brands with national sales and marketing platforms and supply?chain capabilities.

The company traces its roots to the Canandaigua Wine Company, founded by Marvin Sands in 1945, and evolved through organic growth and acquisition into a diversified beverage company.