Constellation Brands, Inc. (NYSE:STZ) Shares Purchased by Van ECK Associates Corp

Van ECK Associates Corp lifted its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 1,844.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 924,274 shares of the company’s stock after buying an additional 876,745 shares during the quarter. Van ECK Associates Corp owned 0.51% of Constellation Brands worth $204,265,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Union Bancaire Privee UBP SA acquired a new position in shares of Constellation Brands during the fourth quarter worth $28,000. Eastern Bank purchased a new stake in shares of Constellation Brands during the third quarter worth about $39,000. Versant Capital Management Inc boosted its holdings in Constellation Brands by 887.5% in the fourth quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock valued at $35,000 after purchasing an additional 142 shares during the last quarter. FSA Wealth Management LLC acquired a new position in shares of Constellation Brands in the 3rd quarter valued at approximately $42,000. Finally, Truvestments Capital LLC purchased a new position in shares of Constellation Brands during the 3rd quarter valued at approximately $60,000. 77.34% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Constellation Brands

In other news, major shareholder Wildstar Partners Llc sold 660 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $241.00, for a total transaction of $159,060.00. Following the completion of the sale, the insider now owns 1,736,884 shares in the company, valued at approximately $418,589,044. This represents a 0.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William T. Giles bought 1,000 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The stock was bought at an average price of $186.39 per share, for a total transaction of $186,390.00. Following the completion of the acquisition, the director now directly owns 1,463 shares in the company, valued at approximately $272,688.57. The trade was a 215.98 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 12.19% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently issued reports on STZ. UBS Group cut their price target on shares of Constellation Brands from $265.00 to $223.00 and set a “buy” rating on the stock in a report on Friday, January 17th. StockNews.com upgraded shares of Constellation Brands from a “sell” rating to a “hold” rating in a research note on Thursday. Roth Capital decreased their price target on Constellation Brands from $298.00 to $284.00 and set a “buy” rating for the company in a research note on Friday, January 17th. JPMorgan Chase & Co. restated a “neutral” rating and set a $203.00 price objective (down previously from $262.00) on shares of Constellation Brands in a research note on Monday, January 13th. Finally, Piper Sandler lowered Constellation Brands from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $245.00 to $200.00 in a research report on Monday, February 3rd. Ten equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $254.29.

Constellation Brands Trading Down 2.2 %

NYSE:STZ opened at $161.11 on Thursday. The stock has a market cap of $29.12 billion, a price-to-earnings ratio of 43.31, a PEG ratio of 1.51 and a beta of 0.90. 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, Inc. has a 1 year low of $160.46 and a 1 year high of $274.87. The business has a fifty day moving average of $205.95 and a 200-day moving average of $229.94.

Constellation Brands (NYSE:STZ) last released its earnings results on Friday, January 10th. The company reported $3.25 earnings per share 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 last year, the company earned $3.19 earnings per share. The business’s revenue for the quarter was down .3% on a year-over-year basis. Equities analysts predict 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 will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be given a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 2.51%. The ex-dividend date is Friday, February 7th. Constellation Brands’s dividend payout ratio (DPR) is presently 108.60%.

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 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.