Constellation Brands, Inc. (NYSE:STZ) Shares Purchased by D1 Capital Partners L.P.

D1 Capital Partners L.P. grew its holdings in Constellation Brands, Inc. (NYSE:STZ - Free Report) by 186.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,527,689 shares of the company's stock after purchasing an additional 994,639 shares during the quarter. Constellation Brands comprises approximately 5.6% of D1 Capital Partners L.P.'s portfolio, making the stock its 4th largest holding. D1 Capital Partners L.P. owned approximately 0.85% of Constellation Brands worth $337,619,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Adage Capital Partners GP L.L.C. increased its holdings in shares of Constellation Brands by 14.1% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 145,867 shares of the company's stock worth $32,237,000 after buying an additional 18,000 shares during the last quarter. Sompo Asset Management Co. Ltd. acquired a new stake in Constellation Brands in the 4th quarter valued at approximately $287,000. Coppell Advisory Solutions LLC increased its holdings in Constellation Brands by 30.9% in the 4th quarter. Coppell Advisory Solutions LLC now owns 1,708 shares of the company's stock valued at $375,000 after purchasing an additional 403 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in Constellation Brands by 17.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,338,076 shares of the company's stock valued at $295,715,000 after purchasing an additional 201,632 shares during the last quarter. Finally, Altrinsic Global Advisors LLC acquired a new stake in Constellation Brands in the 4th quarter valued at approximately $8,039,000. 77.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. StockNews.com downgraded shares of Constellation Brands from a "hold" rating to a "sell" rating in a report on Thursday, April 17th. Roth Mkm dropped their target price on shares of Constellation Brands from $284.00 to $256.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. Jefferies Financial Group reiterated a "hold" rating and issued a $201.00 target price (down previously from $310.00) on shares of Constellation Brands in a report on Monday, January 13th. TD Cowen dropped their target price on shares of Constellation Brands from $270.00 to $260.00 and set a "hold" rating for the company in a report on Wednesday, January 8th. Finally, Roth Capital cut their price objective on Constellation Brands from $298.00 to $284.00 and set a "buy" rating on the stock in a research report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, Constellation Brands currently has an average rating of "Hold" and a consensus target price of $224.42.

Constellation Brands Stock Up 0.2 %

Shares of NYSE:STZ traded up $0.44 on Tuesday, hitting $185.17. 369,334 shares of the company's stock were exchanged, compared to its average volume of 2,723,963. The firm's 50-day moving average is $181.15 and its 200 day moving average is $203.97. The company has a market capitalization of $33.47 billion, a PE ratio of 49.78, a P/E/G ratio of 1.52 and a beta of 1.75. Constellation Brands, Inc. has a 1-year low of $160.46 and a 1-year high of $265.70. 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 - Get Free Report) last released its quarterly earnings data on Wednesday, April 9th. The company reported $2.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.28 by $0.35. The business had revenue of $2.13 billion during the quarter, compared to analysts' expectations of $2.14 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The business's quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.26 EPS. Sell-side analysts predict that Constellation Brands, Inc. will post 13.5 EPS for the current year.

Constellation Brands Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Tuesday, April 29th will be given a $1.02 dividend. The ex-dividend date of this dividend is Tuesday, April 29th. This is a boost from Constellation Brands's previous quarterly dividend of $1.01. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.20%. Constellation Brands's dividend payout ratio is -800.00%.

Constellation Brands Company 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.