iSAM Funds UK Ltd Makes New $846,000 Investment in Constellation Brands, Inc. (NYSE:STZ)

iSAM Funds UK Ltd acquired a new stake in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,829 shares of the company's stock, valued at approximately $846,000.

A number of other large investors also recently modified their holdings of the company. Sone Capital Management LLC purchased a new position in shares of Constellation Brands during the 4th quarter valued at about $11,233,000. Twinbeech Capital LP purchased a new position in shares of Constellation Brands during the 4th quarter valued at about $955,000. Triglav Skladi D.O.O. purchased a new position in shares of Constellation Brands during the 4th quarter valued at about $6,376,000. Tidal Investments LLC raised its holdings in shares of Constellation Brands by 81.1% during the 4th quarter. Tidal Investments LLC now owns 15,466 shares of the company's stock valued at $3,418,000 after buying an additional 6,926 shares in the last quarter. Finally, Toronto Dominion Bank raised its holdings in shares of Constellation Brands by 41.7% during the 4th quarter. Toronto Dominion Bank now owns 86,585 shares of the company's stock valued at $19,135,000 after buying an additional 25,463 shares in the last quarter. 77.34% of the stock is owned by hedge funds and other institutional investors.

Constellation Brands Trading Down 0.0%

Shares of STZ traded down $0.08 during mid-day trading on Friday, hitting $184.68. 1,313,050 shares of the company's stock traded hands, compared to its average volume of 1,758,703. 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 1 year low of $160.46 and a 1 year high of $265.70. The firm has a market capitalization of $32.88 billion, a P/E ratio of 49.64, a PEG ratio of 1.52 and a beta of 1.75. The business's 50-day moving average price is $184.66 and its 200-day moving average price is $197.58.

Constellation Brands (NYSE:STZ - Get Free Report) last released its quarterly earnings results 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 company had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same period in the previous year, the company posted $2.26 earnings per share. The firm's revenue was up 1.2% on a year-over-year basis. As a group, sell-side analysts forecast that Constellation Brands, Inc. will post 13.5 EPS for the current fiscal year.

Constellation Brands Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Tuesday, April 29th were given a dividend of $1.02 per share. The ex-dividend date of this dividend was Tuesday, April 29th. This is a positive change from Constellation Brands's previous quarterly dividend of $1.01. This represents a $4.08 annualized dividend and a dividend yield of 2.21%. Constellation Brands's payout ratio is currently -800.00%.

Insider Activity at Constellation Brands

In related news, EVP Samuel J. Glaetzer sold 3,150 shares of Constellation Brands stock in a transaction that occurred on 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 in the company, valued at $589,376.04. The trade was a 50.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 12.19% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

STZ has been the subject of several recent research reports. Royal Bank of Canada lowered their price objective on Constellation Brands from $289.00 to $233.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Roth Mkm lowered their price objective on Constellation Brands from $284.00 to $256.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. JPMorgan Chase & Co. lowered their price objective on Constellation Brands from $203.00 to $194.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Wells Fargo & Company lowered their price objective on Constellation Brands from $230.00 to $210.00 and set an "overweight" rating for the company in a research report on Wednesday, April 2nd. Finally, Barclays boosted their price objective on Constellation Brands from $203.00 to $207.00 and gave the company an "overweight" rating in a research report on Monday, April 14th. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Constellation Brands currently has an average rating of "Moderate Buy" and an average price target of $225.74.

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.