Raiffeisen Bank International AG Takes $2.66 Million Position in Constellation Brands, Inc. (NYSE:STZ)

Raiffeisen Bank International AG bought a new position in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 12,095 shares of the company's stock, valued at approximately $2,657,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mainstream Capital Management LLC purchased a new position in Constellation Brands during the 4th quarter worth $25,000. SBI Securities Co. Ltd. purchased a new position in Constellation Brands during the 4th quarter worth $26,000. Compagnie Lombard Odier SCmA purchased a new position in Constellation Brands during the 4th quarter worth $27,000. Union Bancaire Privee UBP SA acquired a new stake in Constellation Brands during the 4th quarter worth about $28,000. Finally, Minot DeBlois Advisors LLC acquired a new stake in Constellation Brands during the 4th quarter worth about $29,000. 77.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Samuel J. Glaetzer sold 3,150 shares of the stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $188.54, for a total value of $593,901.00. Following the completion of the transaction, the executive vice president now directly owns 3,126 shares of the company's stock, valued at approximately $589,376.04. This represents a 50.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.19% of the stock is owned by company insiders.

Constellation Brands Price Performance

Shares of Constellation Brands stock traded down $2.69 on Monday, hitting $192.93. The company's stock had a trading volume of 2,252,191 shares, compared to its average volume of 1,750,911. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 1.10. Constellation Brands, Inc. has a 1 year low of $160.46 and a 1 year high of $265.70. The firm has a fifty day moving average price of $184.10 and a 200-day moving average price of $198.97. The company has a market capitalization of $34.35 billion, a price-to-earnings ratio of 51.86, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75.

Constellation Brands (NYSE:STZ - Get Free Report) last announced its quarterly earnings results on Wednesday, April 9th. The company reported $2.63 earnings per share for the quarter, beating the consensus estimate of $2.28 by $0.35. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The firm had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same quarter in the previous year, the business earned $2.26 EPS. Constellation Brands's revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Constellation Brands, Inc. will post 13.5 earnings per share for the current fiscal 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 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%.

Analyst Upgrades and Downgrades

A number of analysts have commented on STZ shares. Wells Fargo & Company lowered their price target on Constellation Brands from $230.00 to $210.00 and set an "overweight" rating for the company in a research report on Wednesday, April 2nd. Truist Financial raised 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. StockNews.com raised Constellation Brands from a "sell" rating to a "hold" rating in a research report on Thursday, May 8th. Barclays lifted their price target on Constellation Brands from $203.00 to $207.00 and gave the stock an "overweight" rating in a research report on Monday, April 14th. Finally, The Goldman Sachs Group lowered their price target on Constellation Brands from $260.00 to $225.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Ten equities 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 currently has an average rating of "Moderate Buy" and a consensus price target of $225.74.

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.