IFM Investors Pty Ltd Has $6.47 Million Holdings in Constellation Brands Inc (NYSE:STZ)

IFM Investors Pty Ltd lifted its position in shares of Constellation Brands Inc (NYSE:STZ - Free Report) by 9.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,262 shares of the company's stock after buying an additional 2,912 shares during the quarter. IFM Investors Pty Ltd's holdings in Constellation Brands were worth $6,471,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Harbor Capital Advisors Inc. grew its holdings in Constellation Brands by 36.4% in the first quarter. Harbor Capital Advisors Inc. now owns 3,051 shares of the company's stock valued at $560,000 after purchasing an additional 815 shares during the period. SBI Securities Co. Ltd. purchased a new stake in Constellation Brands during the 4th quarter valued at approximately $26,000. Golden State Wealth Management LLC raised its stake in shares of Constellation Brands by 137.0% during the 1st quarter. Golden State Wealth Management LLC now owns 2,204 shares of the company's stock worth $405,000 after buying an additional 1,274 shares in the last quarter. Oppenheimer Asset Management Inc. increased its position in Constellation Brands by 28.9% during the first quarter. Oppenheimer Asset Management Inc. now owns 7,360 shares of the company's stock worth $1,351,000 after buying an additional 1,651 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Constellation Brands by 7.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 17,206 shares of the company's stock worth $3,180,000 after purchasing an additional 1,185 shares during the last quarter. 77.34% of the stock is currently owned by hedge funds and other institutional investors.

Constellation Brands Stock Performance

Shares of Constellation Brands stock traded down $1.34 during trading on Wednesday, reaching $169.21. The company's stock had a trading volume of 1,217,924 shares, compared to its average volume of 1,913,415. The company has a current ratio of 1.07, a quick ratio of 0.68 and a debt-to-equity ratio of 1.30. The firm has a market cap of $30.12 billion, a PE ratio of -70.80, a P/E/G ratio of 9.48 and a beta of 0.67. The company has a 50-day moving average price of $176.49 and a two-hundred day moving average price of $182.54. Constellation Brands Inc has a fifty-two week low of $159.35 and a fifty-two week high of $264.45.

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

Constellation Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Investors of record on Wednesday, July 30th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend is Wednesday, July 30th. Constellation Brands's payout ratio is currently -170.71%.

Insider Buying and Selling

In other Constellation Brands news, EVP Samuel J. Glaetzer sold 3,150 shares of the business's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $188.54, for a total transaction of $593,901.00. Following the sale, the executive vice president owned 3,126 shares in the company, valued at approximately $589,376.04. The trade was a 50.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 12.45% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Roth Capital dropped their target price on Constellation Brands from $256.00 to $239.00 and set a "buy" rating on the stock in a research report on Tuesday, May 20th. Wall Street Zen raised Constellation Brands from a "sell" rating to a "hold" rating in a report on Tuesday, May 20th. Truist Financial raised shares of Constellation Brands from a "hold" rating to a "buy" rating and boosted their target price for the company from $190.00 to $215.00 in a research note on Wednesday, May 7th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Constellation Brands from $191.00 to $185.00 and set a "hold" rating for the company in a report on Thursday, June 5th. Finally, Bank of America raised their price target on shares of Constellation Brands from $180.00 to $182.00 and gave the company a "neutral" rating in a report on Thursday, July 3rd. Eleven research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Constellation Brands currently has an average rating of "Moderate Buy" and a consensus target price of $213.74.

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.