Nomura Holdings Inc. Invests $1.14 Million in Constellation Brands, Inc. (NYSE:STZ)

Nomura Holdings Inc. bought a new stake in Constellation Brands, Inc. (NYSE:STZ - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 5,142 shares of the company's stock, valued at approximately $1,136,000.

A number of other large investors also recently bought and sold shares of the company. Berkshire Hathaway Inc acquired a new stake in Constellation Brands during the fourth quarter worth about $1,242,976,000. Norges Bank bought a new position in Constellation Brands during the 4th quarter valued at $445,883,000. Vanguard Group Inc. grew its holdings in Constellation Brands by 13.3% during 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 period. D1 Capital Partners L.P. grew its stake in shares of Constellation Brands by 186.6% in the 4th quarter. D1 Capital Partners L.P. now owns 1,527,689 shares of the company's stock worth $337,619,000 after purchasing an additional 994,639 shares during the last quarter. Finally, Van ECK Associates Corp increased its holdings in shares of Constellation Brands by 1,844.7% in the fourth quarter. Van ECK Associates Corp now owns 924,274 shares of the company's stock valued at $204,265,000 after buying an additional 876,745 shares in the last quarter. Institutional investors own 77.34% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Needham & Company LLC reaffirmed a "buy" rating and issued a $215.00 price objective on shares of Constellation Brands in a research note on Thursday, April 10th. 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. BMO Capital Markets dropped their price target on shares of Constellation Brands from $260.00 to $215.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Morgan Stanley dropped their price target on Constellation Brands from $202.00 to $195.00 and set an "equal weight" rating on the stock in a research report on Friday, April 11th. Finally, Wells Fargo & Company cut their price objective on shares of Constellation Brands from $230.00 to $210.00 and set an "overweight" rating for the company in a research report on Wednesday, April 2nd. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $225.74.

Constellation Brands Trading Down 1.9%

Shares of NYSE STZ traded down $3.53 during mid-day trading on Wednesday, hitting $185.84. The company's stock had a trading volume of 1,261,861 shares, compared to its average volume of 1,754,726. The company's fifty day simple moving average is $184.53 and its 200-day simple moving average is $198.54. Constellation Brands, Inc. has a one year low of $160.46 and a one year high of $265.70. The stock has a market cap of $33.08 billion, a price-to-earnings ratio of 49.96, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75. 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 results on Wednesday, April 9th. The company reported $2.63 earnings per share for the quarter, beating analysts' consensus estimates of $2.28 by $0.35. The business had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.14 billion. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. Constellation Brands's revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the company posted $2.26 EPS. On average, sell-side analysts anticipate that Constellation Brands, Inc. will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Tuesday, April 29th were given a dividend of $1.02 per share. This is an increase from Constellation Brands's previous quarterly dividend of $1.01. The ex-dividend date of this dividend was Tuesday, April 29th. This represents a $4.08 annualized dividend and a dividend yield of 2.20%. Constellation Brands's dividend payout ratio is currently -800.00%.

Insiders Place Their Bets

In other 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 value of $593,901.00. Following the completion of the transaction, the executive vice president now owns 3,126 shares in the company, valued at $589,376.04. This trade represents a 50.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 12.19% of the company's stock.

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.