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Constellation Brands Inc $STZ Shares Bought by Generali Asset Management SPA SGR

Constellation Brands logo with Consumer Staples background

Key Points

  • Generali Asset Management SPA SGR increased its stake in Constellation Brands by 292.9% in Q2, owning 17,569 shares valued at approximately $2.86 million.
  • Insider selling occurred as EVP James O. Bourdeau sold 821 shares, reducing his position by 8.00% to 9,438 shares following the transaction.
  • Constellation Brands announced a quarterly dividend of $1.02 per share, with a payment date set for November 13, yielding an annualized payout of 2.9%.
  • MarketBeat previews top five stocks to own in November.

Generali Asset Management SPA SGR grew its holdings in Constellation Brands Inc (NYSE:STZ - Free Report) by 292.9% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 17,569 shares of the company's stock after buying an additional 13,097 shares during the period. Generali Asset Management SPA SGR's holdings in Constellation Brands were worth $2,858,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Brighton Jones LLC raised its holdings in Constellation Brands by 23.0% during the fourth quarter. Brighton Jones LLC now owns 1,001 shares of the company's stock worth $221,000 after purchasing an additional 187 shares in the last quarter. Inscription Capital LLC acquired a new stake in shares of Constellation Brands in the first quarter valued at approximately $335,000. Insigneo Advisory Services LLC acquired a new stake in shares of Constellation Brands in the first quarter valued at approximately $203,000. Rakuten Securities Inc. grew its position in shares of Constellation Brands by 805.0% in the first quarter. Rakuten Securities Inc. now owns 181 shares of the company's stock valued at $33,000 after purchasing an additional 161 shares during the last quarter. Finally, Clarius Group LLC acquired a new stake in shares of Constellation Brands in the first quarter valued at approximately $239,000. 77.34% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Constellation Brands

In other Constellation Brands news, EVP James O. Bourdeau sold 821 shares of the business's stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $169.00, for a total transaction of $138,749.00. Following the sale, the executive vice president directly owned 9,438 shares in the company, valued at approximately $1,595,022. The trade was a 8.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 12.45% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Needham & Company LLC restated a "buy" rating and set a $180.00 target price on shares of Constellation Brands in a research report on Wednesday, October 8th. Weiss Ratings reissued a "sell (d)" rating on shares of Constellation Brands in a research note on Wednesday, October 8th. Roth Capital reissued a "buy" rating and issued a $209.00 target price (down previously from $239.00) on shares of Constellation Brands in a research note on Wednesday, September 3rd. Raymond James Financial raised shares of Constellation Brands to a "strong-buy" rating in a research note on Monday, July 7th. Finally, UBS Group set a $160.00 price target on shares of Constellation Brands in a research note on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have given a Hold rating and five have assigned a Sell rating to the company's stock. According to MarketBeat, Constellation Brands has an average rating of "Hold" and a consensus target price of $186.44.

Get Our Latest Research Report on STZ

Constellation Brands Trading Up 0.3%

NYSE STZ opened at $139.31 on Friday. Constellation Brands Inc has a one year low of $131.20 and a one year high of $245.31. The company has a 50-day simple moving average of $148.33 and a 200-day simple moving average of $166.98. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.54 and a current ratio of 1.08. The firm has a market capitalization of $24.56 billion, a PE ratio of 20.34, a price-to-earnings-growth ratio of 0.42 and a beta of 0.66.

Constellation Brands (NYSE:STZ - Get Free Report) last posted its earnings results on Thursday, February 23rd. The company reported $3.12 earnings per share (EPS) for the quarter. The firm had revenue of $2.32 billion during the quarter. Constellation Brands had a net margin of 11.88% and a return on equity of 29.82%. On average, equities analysts forecast that Constellation Brands Inc will post 13.5 earnings per share for the current year.

Constellation Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 13th. Shareholders of record on Thursday, October 30th will be paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Thursday, October 30th. Constellation Brands's payout ratio is presently 59.56%.

Constellation Brands Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Constellation Brands (NYSE:STZ)

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