2,079 Shares in Constellation Brands, Inc. (NYSE:STZ) Purchased by Fairtree Asset Management Pty Ltd

Fairtree Asset Management Pty Ltd bought 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 Securities and Exchange Commission. The institutional investor bought 2,079 shares of the company's stock, valued at approximately $459,000.

Several other institutional investors also recently bought and sold shares of STZ. Berkshire Hathaway Inc purchased a new stake in Constellation Brands during the 4th quarter valued at about $1,242,976,000. Norges Bank purchased a new stake in Constellation Brands during the 4th quarter valued at about $445,883,000. Vanguard Group Inc. boosted its holdings in Constellation Brands by 13.3% during the 4th quarter. Vanguard Group Inc. now owns 15,534,787 shares of the company's stock valued at $3,433,188,000 after acquiring an additional 1,821,969 shares during the period. D1 Capital Partners L.P. raised its position in Constellation Brands by 186.6% during the 4th quarter. D1 Capital Partners L.P. now owns 1,527,689 shares of the company's stock valued at $337,619,000 after purchasing an additional 994,639 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in Constellation Brands by 1,844.7% during the 4th quarter. Van ECK Associates Corp now owns 924,274 shares of the company's stock valued at $204,265,000 after purchasing an additional 876,745 shares during the last quarter. 77.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

STZ has been the subject of a number of recent analyst reports. Needham & Company LLC reaffirmed a "buy" rating and set a $215.00 price target on shares of Constellation Brands in a research report on Thursday, April 10th. Piper Sandler lowered Constellation Brands from an "overweight" rating to a "neutral" rating and lowered their price target for the company from $245.00 to $200.00 in a research report on Monday, February 3rd. JPMorgan Chase & Co. lowered their price target on Constellation Brands from $203.00 to $194.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Royal Bank of Canada lowered their price target on Constellation Brands from $289.00 to $233.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Finally, Wells Fargo & Company lowered their price target on 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 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 an average target price of $225.74.

Insider Buying and Selling at Constellation Brands

In other news, EVP Samuel J. Glaetzer sold 3,150 shares of Constellation Brands 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 sale, the executive vice president now directly owns 3,126 shares of the company's stock, valued at approximately $589,376.04. The trade was a 50.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 12.19% of the company's stock.

Constellation Brands Stock Down 0.9%

Shares of Constellation Brands 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 1,773,296. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 1.10. The stock has a market capitalization of $31.71 billion, a P/E ratio of 47.88, a P/E/G ratio of 1.52 and a beta of 1.75. The company has a 50 day moving average of $184.91 and a 200 day moving average of $196.38. Constellation Brands, Inc. has a 52-week low of $160.46 and a 52-week high of $265.70.

Constellation Brands (NYSE:STZ - Get Free Report) last posted its quarterly earnings results on Wednesday, April 9th. The company reported $2.63 earnings per share for the quarter, topping the consensus estimate of $2.28 by $0.35. The company had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.14 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The firm's quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.26 EPS. On average, equities analysts predict that Constellation Brands, Inc. will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Tuesday, April 29th were paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.29%. This is an increase from Constellation Brands's previous quarterly dividend of $1.01. The ex-dividend date was Tuesday, April 29th. Constellation Brands's dividend payout ratio (DPR) is currently -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.