Citizens Financial Group Inc. RI Raises Holdings in Constellation Brands, Inc. (NYSE:STZ)

Citizens Financial Group Inc. RI boosted its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 0.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,717 shares of the company’s stock after buying an additional 130 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Constellation Brands were worth $11,871,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. State Street Corp increased its holdings in Constellation Brands by 6.0% during the third quarter. State Street Corp now owns 7,144,428 shares of the company’s stock valued at $1,841,048,000 after buying an additional 402,211 shares during the period. Janus Henderson Group PLC boosted its stake in Constellation Brands by 1.2% in the third quarter. Janus Henderson Group PLC now owns 1,853,081 shares of the company’s stock valued at $477,515,000 after acquiring an additional 21,454 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Constellation Brands by 2.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,782,964 shares of the company’s stock valued at $394,035,000 after acquiring an additional 38,786 shares in the last quarter. Van ECK Associates Corp boosted its stake in Constellation Brands by 1,844.7% in the fourth quarter. Van ECK Associates Corp now owns 924,274 shares of the company’s stock valued at $204,265,000 after acquiring an additional 876,745 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Constellation Brands in the fourth quarter valued at approximately $105,766,000. 77.34% of the stock is owned by hedge funds and other institutional investors.

Constellation Brands Stock Up 1.7 %

STZ stock opened at $189.34 on Tuesday. The stock has a market capitalization of $34.22 billion, a P/E ratio of 50.90, a P/E/G ratio of 1.52 and a beta of 1.75. The firm has a 50-day simple moving average of $183.67 and a 200-day simple moving average of $220.75. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26. Constellation Brands, Inc. has a 52 week low of $160.46 and a 52 week high of $274.87.

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

Constellation Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a dividend of $1.01 per share. The ex-dividend date was Friday, February 7th. This represents a $4.04 annualized dividend and a yield of 2.13%. Constellation Brands’s dividend payout ratio is presently 108.60%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on STZ shares. Roth Capital lowered their target price on shares of Constellation Brands from $298.00 to $284.00 and set a “buy” rating for the company in a research note on Friday, January 17th. Truist Financial lowered their target price on shares of Constellation Brands from $255.00 to $190.00 and set a “hold” rating for the company in a research note on Tuesday, January 14th. Wells Fargo & Company lowered their price objective on shares of Constellation Brands from $295.00 to $275.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. StockNews.com upgraded shares of Constellation Brands from a “sell” rating to a “hold” rating in a research note on Thursday, March 6th. Finally, Royal Bank of Canada lowered their price objective on shares of Constellation Brands from $293.00 to $289.00 and set an “outperform” rating for the company in a research note on Friday. Eleven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Constellation Brands presently has a consensus rating of “Moderate Buy” and a consensus price target of $253.24.

Insider Activity at Constellation Brands

In other news, Director William T. Giles bought 1,000 shares of the firm’s stock in a transaction on Friday, January 17th. The shares were bought at an average cost of $186.39 per share, for a total transaction of $186,390.00. Following the acquisition, the director now directly owns 1,463 shares of the company’s stock, valued at $272,688.57. This trade represents a 215.98 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 12.19% of the stock is owned by corporate insiders.

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.