Constellation Brands Inc (NYSE:STZ) Shares Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas lifted its stake in shares of Constellation Brands Inc (NYSE:STZ - Free Report) by 225.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,331 shares of the company's stock after purchasing an additional 21,695 shares during the period. Teacher Retirement System of Texas' holdings in Constellation Brands were worth $5,750,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Berkshire Hathaway Inc acquired a new position in Constellation Brands during the fourth quarter worth about $1,242,976,000. Norges Bank acquired a new position in Constellation Brands during the fourth quarter worth about $445,883,000. Vanguard Group Inc. boosted its position in Constellation Brands by 13.3% during the fourth quarter. Vanguard Group Inc. now owns 15,534,787 shares of the company's stock worth $3,433,188,000 after acquiring an additional 1,821,969 shares during the last quarter. D1 Capital Partners L.P. boosted its position in Constellation Brands by 186.6% during the fourth quarter. D1 Capital Partners L.P. now owns 1,527,689 shares of the company's stock worth $337,619,000 after acquiring an additional 994,639 shares during the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC boosted its position in Constellation Brands by 42.9% during the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 2,454,258 shares of the company's stock worth $542,391,000 after acquiring an additional 736,780 shares during the last quarter. Hedge funds and other institutional investors own 77.34% of the company's stock.

Wall Street Analyst Weigh In

STZ has been the topic of several recent analyst reports. Needham & Company LLC boosted their target price on shares of Constellation Brands from $195.00 to $200.00 and gave the company a "buy" rating in a report on Thursday. Roth Mkm decreased their target price on shares of Constellation Brands from $284.00 to $256.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. JPMorgan Chase & Co. boosted their target price on shares of Constellation Brands from $170.00 to $182.00 and gave the company a "neutral" rating in a report on Thursday. Wall Street Zen upgraded shares of Constellation Brands from a "sell" rating to a "hold" rating in a report on Tuesday, May 20th. Finally, Roth Capital decreased their price objective on shares of Constellation Brands from $256.00 to $239.00 and set a "buy" rating on the stock in a report on Tuesday, May 20th. 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's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $213.74.

Constellation Brands Stock Down 1.1%

Shares of STZ traded down $1.81 during midday trading on Monday, reaching $170.51. The stock had a trading volume of 2,564,956 shares, compared to its average volume of 1,913,354. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.07 and a quick ratio of 0.68. The company's fifty day simple moving average is $177.11 and its two-hundred day simple moving average is $183.02. The company has a market cap of $30.35 billion, a price-to-earnings ratio of -71.34, a PEG ratio of 9.57 and a beta of 0.67. Constellation Brands Inc has a 1-year low of $159.35 and a 1-year high of $264.45.

Constellation Brands (NYSE:STZ - Get Free Report) last issued its quarterly earnings data on Tuesday, July 1st. The company reported $3.22 earnings per share (EPS) 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 business had revenue of $2.52 billion for the quarter, compared to analysts' expectations of $2.57 billion. During the same period in the previous year, the business posted $3.57 earnings per share. The company's revenue for the quarter was down 5.5% on a year-over-year basis. Equities research analysts expect 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, August 14th. Stockholders of record on Wednesday, July 30th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend is Wednesday, July 30th. Constellation Brands's payout ratio is -170.71%.

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 shares were sold at an average price of $188.54, for a total value of $593,901.00. Following the sale, the executive vice president owned 3,126 shares of the company's stock, valued at $589,376.04. The trade was a 50.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 12.45% of the stock is currently owned by insiders.

About Constellation Brands

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.