Calamos Advisors LLC Has $23.95 Million Stock Position in Constellation Brands Inc (NYSE:STZ)

Calamos Advisors LLC raised its stake in shares of Constellation Brands Inc (NYSE:STZ - Free Report) by 60.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 130,490 shares of the company's stock after buying an additional 49,334 shares during the period. Calamos Advisors LLC owned approximately 0.07% of Constellation Brands worth $23,948,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Berkshire Hathaway Inc acquired a new position in shares of Constellation Brands in the 4th quarter worth approximately $1,242,976,000. Norges Bank acquired a new position in shares of Constellation Brands in the 4th quarter worth approximately $445,883,000. Vanguard Group Inc. grew its stake in shares of Constellation Brands by 13.3% in the 4th quarter. Vanguard Group Inc. now owns 15,534,787 shares of the company's stock worth $3,433,188,000 after purchasing 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 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, Grantham Mayo Van Otterloo & Co. LLC grew its stake in shares of Constellation Brands by 42.9% in the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 2,454,258 shares of the company's stock worth $542,391,000 after purchasing an additional 736,780 shares during the last quarter. Institutional investors and hedge funds own 77.34% of the company's stock.

Constellation Brands Stock Down 0.7%

Shares of STZ stock traded down $1.26 during trading on Friday, hitting $172.61. 1,808,258 shares of the company were exchanged, compared to its average volume of 1,910,866. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.56 and a current ratio of 1.07. The firm has a market capitalization of $30.73 billion, a price-to-earnings ratio of -72.22, a P/E/G ratio of 9.57 and a beta of 0.67. The business's 50-day simple moving average is $177.36 and its 200 day simple moving average is $184.05. Constellation Brands Inc has a twelve month low of $159.35 and a twelve month high of $264.45.

Constellation Brands (NYSE:STZ - Get Free Report) last posted its quarterly earnings results on Tuesday, July 1st. The company reported $3.22 EPS for the quarter, missing the consensus estimate of $3.45 by ($0.23). The company had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.57 billion. Constellation Brands had a positive return on equity of 31.41% and a negative net margin of 4.11%. The business's revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.57 earnings per share. As a group, analysts forecast that Constellation Brands Inc will post 13.5 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 14th. Shareholders of record on Wednesday, July 30th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend is Wednesday, July 30th. Constellation Brands's dividend payout ratio (DPR) is presently -170.71%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Truist Financial raised shares of Constellation Brands from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $190.00 to $215.00 in a research note on Wednesday, May 7th. CJS Securities lowered their price objective on shares of Constellation Brands from $196.00 to $194.00 in a research note on Monday, May 19th. Citigroup lifted their price objective on shares of Constellation Brands from $170.00 to $174.00 and gave the stock a "neutral" rating in a research note on Thursday. The Goldman Sachs Group set a $225.00 target price on shares of Constellation Brands and gave the stock a "buy" rating in a research report on Friday, June 27th. Finally, Royal Bank Of Canada dropped their target price on shares of Constellation Brands from $289.00 to $233.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. Eleven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, Constellation Brands presently has an average rating of "Moderate Buy" and an average price target of $213.35.

Insider Transactions at Constellation Brands

In other Constellation Brands news, EVP Samuel J. Glaetzer sold 3,150 shares of Constellation Brands stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $188.54, for a total value of $593,901.00. Following the completion of the sale, the executive vice president directly owned 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 12.45% of the stock is owned by company insiders.

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.