3,829 Shares in Constellation Brands, Inc. (NYSE:STZ) Acquired by iSAM Funds UK Ltd

iSAM Funds UK Ltd acquired a new stake in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 3,829 shares of the company's stock, valued at approximately $846,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in STZ. Mainstream Capital Management LLC purchased a new stake in Constellation Brands in the fourth quarter valued at $25,000. SBI Securities Co. Ltd. acquired a new stake in Constellation Brands during the fourth quarter worth about $26,000. Compagnie Lombard Odier SCmA purchased a new position in Constellation Brands during the fourth quarter valued at approximately $27,000. Union Bancaire Privee UBP SA acquired a new position in Constellation Brands in the fourth quarter valued at approximately $28,000. Finally, Minot DeBlois Advisors LLC purchased a new stake in Constellation Brands during the fourth quarter worth $29,000. Institutional investors and hedge funds own 77.34% of the company's stock.

Analyst Upgrades and Downgrades

STZ has been the topic of a number of research analyst reports. The Goldman Sachs Group cut their price target on shares of Constellation Brands from $260.00 to $225.00 and set a "buy" rating for the company in a report on Friday, April 11th. Barclays lifted their target price on shares of Constellation Brands from $203.00 to $207.00 and gave the stock an "overweight" rating in a research note on Monday, April 14th. StockNews.com raised shares of Constellation Brands from a "sell" rating to a "hold" rating in a research note on Tuesday. Truist Financial upgraded shares of Constellation Brands from a "hold" rating to a "buy" rating and set a $215.00 price objective for the company in a report on Wednesday, May 7th. Finally, Roth Mkm lowered their target price on Constellation Brands from $284.00 to $256.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $225.74.

Insider Buying and Selling

In other news, EVP Samuel J. Glaetzer sold 3,150 shares of the company's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $188.54, for a total transaction of $593,901.00. Following the transaction, the executive vice president now directly owns 3,126 shares of the company's stock, valued at $589,376.04. This represents a 50.19% decrease in their position. 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.

Constellation Brands Stock Performance

NYSE STZ opened at $192.93 on Tuesday. Constellation Brands, Inc. has a 1-year low of $160.46 and a 1-year high of $265.70. The stock has a 50-day moving average of $184.28 and a two-hundred day moving average of $198.69. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46. The company has a market cap of $34.35 billion, a P/E ratio of 51.86, a P/E/G ratio of 1.52 and a beta of 1.75.

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

Constellation Brands Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Tuesday, April 29th were given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 2.11%. This is a positive change from Constellation Brands's previous quarterly dividend of $1.01. The ex-dividend date of this dividend was Tuesday, April 29th. Constellation Brands's dividend payout ratio (DPR) 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.

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