Generali Asset Management SPA SGR Acquires Shares of 4,282 Constellation Brands, Inc. (NYSE:STZ)

Generali Asset Management SPA SGR bought a new position in shares of Constellation Brands, Inc. (NYSE:STZ) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,282 shares of the company’s stock, valued at approximately $946,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Van ECK Associates Corp boosted its stake in shares of Constellation Brands by 1,844.7% during the fourth quarter. Van ECK Associates Corp now owns 924,274 shares of the company’s stock valued at $204,265,000 after purchasing an additional 876,745 shares in the last quarter. Copperleaf Capital LLC bought a new stake in Constellation Brands during the 4th quarter valued at $343,000. Grimes & Company Inc. bought a new stake in Constellation Brands during the 4th quarter valued at $6,099,000. Empowered Funds LLC increased its holdings in shares of Constellation Brands by 62.8% in the 4th quarter. Empowered Funds LLC now owns 16,575 shares of the company’s stock valued at $3,663,000 after acquiring an additional 6,391 shares during the period. Finally, Southern Style Financial Inc. bought a new position in shares of Constellation Brands in the 4th quarter worth $3,074,000. Institutional investors own 77.34% of the company’s stock.

Insider Activity

In other Constellation Brands news, Director William T. Giles purchased 1,000 shares of the stock in a transaction dated Friday, January 17th. The shares were bought at an average cost of $186.39 per share, with a total value of $186,390.00. Following the completion of the acquisition, the director now owns 1,463 shares of the company’s stock, valued at approximately $272,688.57. This trade represents a 215.98 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 12.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on STZ. Needham & Company LLC reissued a “buy” rating and issued a $240.00 price objective on shares of Constellation Brands in a research report on Monday, January 27th. Royal Bank of Canada dropped their price target on Constellation Brands from $293.00 to $289.00 and set an “outperform” rating on the stock in a research note on Friday, March 7th. Argus downgraded shares of Constellation Brands from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Jefferies Financial Group reiterated a “hold” rating and issued a $201.00 target price (down from $310.00) on shares of Constellation Brands in a research note on Monday, January 13th. Finally, Piper Sandler lowered shares of Constellation Brands from an “overweight” rating to a “neutral” rating and cut their price target for the company from $245.00 to $200.00 in a research note on Monday, February 3rd. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $250.41.

Constellation Brands Stock Down 0.0 %

Shares of NYSE:STZ opened at $178.96 on Friday. Constellation Brands, Inc. has a 1 year low of $160.46 and a 1 year high of $274.87. The stock has a 50-day simple moving average of $177.40 and a 200-day simple moving average of $217.72. The stock has a market capitalization of $32.34 billion, a P/E ratio of 48.11, a PEG ratio of 1.52 and a beta of 1.75. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 1.10.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Friday, January 10th. The company reported $3.25 EPS for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.08). Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The firm had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.53 billion. During the same quarter in the prior year, the firm earned $3.19 EPS. The business’s quarterly revenue was down .3% compared to the same quarter last year. Equities analysts forecast that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a $1.01 dividend. The ex-dividend date was Friday, February 7th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.26%. Constellation Brands’s payout ratio is currently 108.60%.

About Constellation Brands

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.