Mufg Securities Americas Inc. Invests $509,000 in Constellation Brands, Inc. (NYSE:STZ)

Mufg Securities Americas Inc. acquired a new stake in Constellation Brands, Inc. (NYSE:STZ - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 2,305 shares of the company's stock, valued at approximately $509,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings 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 purchasing an additional 1,821,969 shares in the last quarter. Capital World Investors grew its stake in shares of Constellation Brands by 3.4% in the fourth quarter. Capital World Investors now owns 9,755,602 shares of the company's stock worth $2,155,946,000 after purchasing an additional 324,690 shares in the last quarter. Berkshire Hathaway Inc acquired a new stake in Constellation Brands during the fourth quarter valued at approximately $1,242,976,000. Geode Capital Management LLC boosted its position in Constellation Brands by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 3,204,003 shares of the company's stock valued at $705,844,000 after purchasing an additional 63,323 shares during the last quarter. Finally, Capital Research Global Investors lifted its position in Constellation Brands by 0.6% during the 4th quarter. Capital Research Global Investors now owns 2,901,975 shares of the company's stock worth $641,336,000 after acquiring an additional 18,557 shares during the last quarter. Institutional investors and hedge funds own 77.34% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on STZ shares. Piper Sandler downgraded Constellation Brands from an "overweight" rating to a "neutral" rating and cut their price target for the company from $245.00 to $200.00 in a research note on Monday, February 3rd. Morgan Stanley reduced their price objective on shares of Constellation Brands from $202.00 to $195.00 and set an "equal weight" rating for the company in a research report on Friday, April 11th. Roth Mkm dropped 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. Royal Bank of Canada lowered their target price on Constellation Brands from $289.00 to $233.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Finally, Truist Financial upgraded Constellation Brands from a "hold" rating to a "buy" rating and set a $215.00 price target for the company in a research report on Wednesday, May 7th. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $225.74.

Insider Activity at Constellation Brands

In other news, EVP Samuel J. Glaetzer sold 3,150 shares of the firm's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $188.54, for a total transaction of $593,901.00. Following the completion of the transaction, the executive vice president now directly owns 3,126 shares in the company, valued at $589,376.04. This trade represents a 50.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 12.19% of the company's stock.

Constellation Brands Trading Down 1.4%

Shares of STZ stock traded down $2.69 on Monday, reaching $192.93. 2,252,191 shares of the company's stock were exchanged, compared to its average volume of 1,750,911. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26. The company's fifty day simple moving average is $184.10 and its 200 day simple moving average is $198.97. The stock has a market capitalization of $34.35 billion, a PE ratio of 51.86, a P/E/G ratio of 1.52 and a beta of 1.75. 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 announced its 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 firm 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 revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the business earned $2.26 EPS. As a group, analysts forecast that Constellation Brands, Inc. will post 13.5 EPS for the current year.

Constellation Brands Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Tuesday, April 29th were issued a dividend of $1.02 per share. The ex-dividend date of this dividend was Tuesday, April 29th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.11%. This is a boost from Constellation Brands's previous quarterly dividend of $1.01. Constellation Brands's dividend payout ratio is presently -800.00%.

Constellation Brands 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.