AQR Capital Management LLC Has $44.98 Million Stock Holdings in Constellation Brands, Inc. (NYSE:STZ)

AQR Capital Management LLC raised its stake in Constellation Brands, Inc. (NYSE:STZ - Free Report) by 275.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 203,537 shares of the company's stock after purchasing an additional 149,393 shares during the period. AQR Capital Management LLC owned 0.11% of Constellation Brands worth $44,982,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Mainstream Capital Management LLC bought a new position in Constellation Brands in the 4th quarter valued at $25,000. SBI Securities Co. Ltd. bought a new position in Constellation Brands during the 4th quarter valued at approximately $26,000. Compagnie Lombard Odier SCmA bought a new stake in Constellation Brands in the fourth quarter valued at $27,000. Union Bancaire Privee UBP SA bought a new stake in Constellation Brands during the 4th quarter valued at approximately $28,000. Finally, Optiver Holding B.V. bought a new stake in shares of Constellation Brands during the 4th quarter valued at $31,000. Institutional investors and hedge funds own 77.34% of the company's stock.

Constellation Brands Stock Performance

Shares of STZ stock traded up $2.43 during trading hours on Thursday, reaching $192.22. The stock had a trading volume of 434,293 shares, compared to its average volume of 1,717,651. Constellation Brands, Inc. has a twelve month low of $160.46 and a twelve month high of $265.70. The firm has a market capitalization of $34.22 billion, a PE ratio of 51.65, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75. The firm has a 50-day simple moving average of $182.70 and a 200-day simple moving average of $201.82. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46.

Constellation Brands (NYSE:STZ - Get Free Report) last announced its quarterly earnings data on Wednesday, April 9th. The company reported $2.63 earnings per share for the quarter, beating the consensus estimate of $2.28 by $0.35. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The business had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same quarter in the prior year, the firm posted $2.26 earnings per share. The company's revenue was up 1.2% on a year-over-year basis. As a group, equities analysts forecast that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Tuesday, April 29th will be paid 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 yield of 2.12%. Constellation Brands's payout ratio is -800.00%.

Analysts Set New Price Targets

Several analysts have commented on the company. StockNews.com downgraded Constellation Brands from a "hold" rating to a "sell" rating in a research note on Thursday, April 17th. Truist Financial raised shares of Constellation Brands from a "hold" rating to a "buy" rating and set a $215.00 target price for the company in a report on Wednesday. TD Cowen cut 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. Royal Bank of Canada lowered their target price on shares of Constellation Brands from $289.00 to $233.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Finally, Argus lowered shares of Constellation Brands from a "buy" rating to a "hold" rating in a research note on Tuesday, January 14th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $225.74.

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.