4,055 Shares in Constellation Brands, Inc. (NYSE:STZ) Purchased by 111 Capital

111 Capital purchased a new position in Constellation Brands, Inc. (NYSE:STZ - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,055 shares of the company's stock, valued at approximately $896,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in STZ. Berkshire Hathaway Inc purchased a new stake in Constellation Brands in the fourth quarter worth $1,242,976,000. Norges Bank purchased a new stake in shares of Constellation Brands in the fourth quarter worth $445,883,000. Vanguard Group Inc. grew 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 last quarter. D1 Capital Partners L.P. grew its stake in shares of Constellation Brands by 186.6% in the fourth quarter. D1 Capital Partners L.P. now owns 1,527,689 shares of the company's stock worth $337,619,000 after acquiring an additional 994,639 shares during the last quarter. Finally, Van ECK Associates Corp lifted its holdings in shares of Constellation Brands by 1,844.7% during the fourth quarter. Van ECK Associates Corp now owns 924,274 shares of the company's stock valued at $204,265,000 after purchasing an additional 876,745 shares in the last quarter. 77.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

STZ has been the topic of a number of research analyst reports. Truist Financial raised Constellation Brands from a "hold" rating to a "buy" rating and set a $215.00 price target on the stock in a report on Wednesday, May 7th. Needham & Company LLC reissued a "buy" rating and set a $215.00 target price on shares of Constellation Brands in a research note on Thursday, April 10th. Royal Bank of Canada decreased their target price on Constellation Brands from $289.00 to $233.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Wells Fargo & Company reduced their price target on shares of Constellation Brands from $230.00 to $210.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 2nd. Finally, JPMorgan Chase & Co. dropped their target price on Constellation Brands from $203.00 to $194.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $225.74.

Insider Buying and Selling

In related news, EVP Samuel J. Glaetzer sold 3,150 shares of the firm's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $188.54, for a total transaction of $593,901.00. Following the sale, the executive vice president now directly owns 3,126 shares of the company's stock, valued at $589,376.04. This trade represents a 50.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 12.19% of the stock is owned by corporate insiders.

Constellation Brands Stock Down 0.9%

Shares of STZ traded down $1.61 during trading hours on Friday, hitting $178.10. The company had a trading volume of 3,033,821 shares, compared to its average volume of 1,773,296. The company has a market capitalization of $31.71 billion, a PE ratio of 47.88, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75. 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 one year low of $160.46 and a one year high of $265.70. The company's fifty day moving average price is $184.91 and its two-hundred day moving average price is $195.97.

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

Constellation Brands Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Tuesday, April 29th were paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.29%. The ex-dividend date was Tuesday, April 29th. This is an increase from Constellation Brands's previous quarterly dividend of $1.01. Constellation Brands's payout ratio is presently -800.00%.

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.