USS Investment Management Ltd Has $6.66 Million Stake in Constellation Brands, Inc. (NYSE:STZ)

USS Investment Management Ltd lowered its stake in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 17.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,129 shares of the company's stock after selling 6,199 shares during the quarter. USS Investment Management Ltd's holdings in Constellation Brands were worth $6,661,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in STZ. Mainstream Capital Management LLC acquired a new position in Constellation Brands in the fourth quarter valued at about $25,000. SBI Securities Co. Ltd. bought a new position in Constellation Brands in the 4th quarter valued at about $26,000. Compagnie Lombard Odier SCmA acquired a new position in shares of Constellation Brands in the 4th quarter valued at approximately $27,000. Union Bancaire Privee UBP SA acquired a new position in shares of Constellation Brands in the 4th quarter valued at approximately $28,000. Finally, Minot DeBlois Advisors LLC bought a new stake in shares of Constellation Brands during the 4th quarter worth approximately $29,000. Institutional investors own 77.34% of the company's stock.

Insider Activity at Constellation Brands

In other Constellation Brands news, EVP Samuel J. Glaetzer sold 3,150 shares of the company's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $188.54, for a total transaction of $593,901.00. Following the sale, the executive vice president now owns 3,126 shares of the company's stock, valued at approximately $589,376.04. This represents a 50.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 12.19% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on STZ. Barclays lifted their price objective on shares of Constellation Brands from $203.00 to $207.00 and gave the company an "overweight" rating in a research note on Monday, April 14th. Truist Financial upgraded Constellation Brands from a "hold" rating to a "buy" rating and set a $215.00 price target on the stock in a research note on Wednesday, May 7th. 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 report on Friday, April 11th. Roth Mkm reduced their price objective on Constellation Brands from $284.00 to $256.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. Finally, Piper Sandler cut Constellation Brands from an "overweight" rating to a "neutral" rating and decreased their target price for the company from $245.00 to $200.00 in a research report on Monday, February 3rd. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $225.74.

Constellation Brands Trading Up 0.4%

Shares of STZ stock traded up $0.76 during trading hours on Tuesday, hitting $185.18. 346,953 shares of the company's stock traded hands, compared to its average volume of 1,753,151. The stock has a market cap of $32.97 billion, a PE ratio of 49.80, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75. The stock's 50 day simple moving average is $184.77 and its 200 day simple moving average is $196.98. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26. Constellation Brands, Inc. has a 12 month low of $160.46 and a 12 month high of $265.70.

Constellation Brands (NYSE:STZ - Get Free Report) last posted its quarterly earnings data on Wednesday, April 9th. The company reported $2.63 earnings per share for the quarter, beating analysts' consensus estimates of $2.28 by $0.35. The business had revenue of $2.13 billion during 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%. Constellation Brands's quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the business posted $2.26 earnings per share. On average, sell-side analysts anticipate that Constellation Brands, Inc. will post 13.5 EPS for the current year.

Constellation Brands Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Tuesday, April 29th were issued a $1.02 dividend. The ex-dividend date was Tuesday, April 29th. This is a boost from Constellation Brands's previous quarterly dividend of $1.01. This represents a $4.08 annualized dividend and a yield of 2.20%. Constellation Brands's dividend payout ratio is presently -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.