1,740 Shares in Constellation Brands, Inc. (NYSE:STZ) Purchased by Sava Infond d.o.o.

Sava Infond d.o.o. purchased a new position in Constellation Brands, Inc. (NYSE:STZ) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,740 shares of the company’s stock, valued at approximately $385,000.

A number of other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of Constellation Brands by 13.3% in the fourth quarter. Vanguard Group Inc. now owns 15,534,787 shares of the company’s stock worth $3,433,188,000 after acquiring an additional 1,821,969 shares during the period. State Street Corp grew its position in Constellation Brands by 6.0% during the 3rd quarter. State Street Corp now owns 7,144,428 shares of the company’s stock worth $1,841,048,000 after purchasing an additional 402,211 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Constellation Brands by 13.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,176,095 shares of the company’s stock valued at $482,919,000 after buying an additional 253,445 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of 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 buying an additional 21,454 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Constellation Brands by 2.2% in 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 buying an additional 38,786 shares during the period. 77.34% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Constellation Brands

In related news, Director William T. Giles purchased 1,000 shares of Constellation Brands stock in a transaction dated Friday, January 17th. The shares were acquired at an average cost of $186.39 per share, with a total value of $186,390.00. Following the purchase, the director now owns 1,463 shares of the company’s stock, valued at approximately $272,688.57. The trade was a 215.98 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 12.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on STZ. Truist Financial reduced their price target on Constellation Brands from $255.00 to $190.00 and set a “hold” rating for the company in a research report on Tuesday, January 14th. Morgan Stanley lowered shares of Constellation Brands from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $220.00 to $202.00 in a report on Thursday, February 27th. Royal Bank of Canada lowered their price target on shares of Constellation Brands from $293.00 to $289.00 and set an “outperform” rating on the stock in a report on Friday, March 7th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $201.00 price objective (down previously from $310.00) on shares of Constellation Brands in a report on Monday, January 13th. Finally, Roth Capital lowered their target price on shares of Constellation Brands from $298.00 to $284.00 and set a “buy” rating on the stock in a research note on Friday, January 17th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $249.18.

Constellation Brands Trading Up 0.1 %

Shares of STZ stock opened at $184.35 on Friday. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26. Constellation Brands, Inc. has a twelve month low of $160.46 and a twelve month high of $274.87. The company’s 50-day moving average price is $177.20 and its 200-day moving average price is $215.45. The stock has a market cap of $33.32 billion, a price-to-earnings ratio of 49.56, a PEG ratio of 1.52 and a beta of 1.75.

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

Constellation Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend was Friday, February 7th. Constellation Brands’s dividend payout ratio (DPR) is presently 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.