ING Groep NV Buys 85,877 Shares of Constellation Brands, Inc. (NYSE:STZ)

ING Groep NV grew its stake in Constellation Brands, Inc. (NYSE:STZ - Free Report) by 208.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 127,127 shares of the company's stock after purchasing an additional 85,877 shares during the quarter. ING Groep NV owned approximately 0.07% of Constellation Brands worth $30,733,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of STZ. BKM Wealth Management LLC acquired a new stake in Constellation Brands during the fourth quarter worth approximately $28,000. Asset Dedication LLC lifted its holdings in Constellation Brands by 3,833.3% during the 3rd quarter. Asset Dedication LLC now owns 118 shares of the company's stock worth $30,000 after purchasing an additional 115 shares during the last quarter. Turtle Creek Wealth Advisors LLC acquired a new position in Constellation Brands in the 4th quarter valued at $37,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Constellation Brands in the 3rd quarter valued at $41,000. Finally, Exchange Traded Concepts LLC bought a new position in Constellation Brands during the 4th quarter worth $45,000. Institutional investors and hedge funds own 77.34% of the company's stock.

Insider Buying and Selling

In other Constellation Brands news, EVP Michael Mcgrew sold 3,237 shares of the company's stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $255.50, for a total transaction of $827,053.50. Following the sale, the executive vice president now owns 1,731 shares of the company's stock, valued at $442,270.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP James A. Jr. Sabia sold 15,781 shares of Constellation Brands stock in a transaction on Friday, April 12th. The shares were sold at an average price of $263.63, for a total value of $4,160,345.03. Following the completion of the sale, the executive vice president now owns 20,910 shares in the company, valued at approximately $5,512,503.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael Mcgrew sold 3,237 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $255.50, for a total transaction of $827,053.50. Following the transaction, the executive vice president now directly owns 1,731 shares in the company, valued at $442,270.50. The disclosure for this sale can be found here. Insiders sold 48,031 shares of company stock valued at $12,582,321 over the last quarter. Insiders own 16.19% of the company's stock.

Analyst Ratings Changes

STZ has been the topic of several research reports. Deutsche Bank Aktiengesellschaft upped their price target on shares of Constellation Brands from $256.00 to $262.00 and gave the company a "hold" rating in a research note on Wednesday, April 10th. Evercore ISI raised their target price on shares of Constellation Brands from $300.00 to $310.00 and gave the stock an "outperform" rating in a report on Friday, April 12th. Jefferies Financial Group boosted their price target on Constellation Brands from $292.00 to $314.00 and gave the company a "buy" rating in a research note on Friday, April 12th. Piper Sandler assumed coverage on Constellation Brands in a research note on Friday, March 22nd. They set an "overweight" rating and a $300.00 price objective on the stock. Finally, Bank of America lifted their price objective on Constellation Brands from $290.00 to $300.00 and gave the company a "buy" rating in a report on Monday, March 18th. Three investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $298.55.

Constellation Brands Trading Up 0.0 %

NYSE STZ traded up $0.04 on Friday, reaching $255.43. The company had a trading volume of 1,421,996 shares, compared to its average volume of 902,411. The firm has a market cap of $46.74 billion, a price-to-earnings ratio of 27.23, a P/E/G ratio of 1.72 and a beta of 0.95. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.19 and a quick ratio of 0.53. Constellation Brands, Inc. has a fifty-two week low of $227.50 and a fifty-two week high of $274.87. The business has a 50 day moving average of $262.34 and a two-hundred day moving average of $250.60.

Constellation Brands (NYSE:STZ - Get Free Report) last issued its quarterly earnings results on Thursday, April 11th. The company reported $2.26 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.16. The company had revenue of $2.14 billion during the quarter, compared to analysts' expectations of $2.09 billion. Constellation Brands had a return on equity of 23.06% and a net margin of 16.13%. The business's quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.98 earnings per share. Analysts forecast that Constellation Brands, Inc. will post 13.53 EPS for the current year.

Constellation Brands Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 17th. Stockholders of record on Friday, May 3rd were given a dividend of $1.01 per share. The ex-dividend date was Thursday, May 2nd. This is a boost from Constellation Brands's previous quarterly dividend of $0.89. This represents a $4.04 annualized dividend and a dividend yield of 1.58%. Constellation Brands's dividend payout ratio is 43.07%.

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.