Constellation Brands, Inc. (NYSE:STZ) Shares Purchased by California State Teachers Retirement System

California State Teachers Retirement System lifted its position in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 2.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 300,853 shares of the company's stock after acquiring an additional 7,737 shares during the period. California State Teachers Retirement System owned approximately 0.17% of Constellation Brands worth $66,489,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mainstream Capital Management LLC bought a new stake in Constellation Brands in the fourth quarter worth about $25,000. SBI Securities Co. Ltd. purchased a new position in Constellation Brands during the fourth quarter valued at approximately $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 purchased a new position in Constellation Brands in the 4th quarter worth approximately $28,000. Finally, Minot DeBlois Advisors LLC purchased a new position in Constellation Brands in the 4th quarter worth approximately $29,000. Institutional investors own 77.34% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. BMO Capital Markets cut their price target on shares of Constellation Brands from $260.00 to $215.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. 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 research note on Friday, April 11th. Truist Financial raised shares of Constellation Brands from a "hold" rating to a "buy" rating and set a $215.00 price target for the company in a research note on Wednesday, May 7th. JPMorgan Chase & Co. cut their price target on shares of Constellation Brands from $203.00 to $194.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Finally, Citigroup lowered their price objective on shares of Constellation Brands from $200.00 to $190.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $225.74.

Constellation Brands Stock Performance

Shares of STZ stock traded down $1.61 during midday trading on Friday, hitting $178.10. The company had a trading volume of 3,033,821 shares, compared to its average volume of 1,772,571. The company's 50 day simple moving average is $184.91 and its 200 day simple moving average is $195.97. Constellation Brands, Inc. has a 52-week low of $160.46 and a 52-week high of $265.70. The stock has a market cap of $31.71 billion, a price-to-earnings ratio of 47.88, a PEG 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 posted its quarterly earnings results on Wednesday, April 9th. The company reported $2.63 EPS for the quarter, beating the consensus estimate of $2.28 by $0.35. The business had revenue of $2.13 billion during the quarter, compared to analysts' expectations of $2.14 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The company's quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the firm earned $2.26 EPS. Research analysts anticipate 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. Stockholders of record on Tuesday, April 29th were paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend 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 -800.00%.

Insider Transactions at Constellation Brands

In other news, EVP Samuel J. Glaetzer sold 3,150 shares of Constellation Brands stock in a transaction 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 completion of the transaction, the executive vice president now owns 3,126 shares of the company's stock, valued at $589,376.04. The trade was a 50.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 12.19% of the company's stock.

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.