Sherbrooke Park Advisers LLC Purchases Shares of 4,399 Constellation Brands, Inc. (NYSE:STZ)

Sherbrooke Park Advisers LLC acquired a new stake 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 firm acquired 4,399 shares of the company's stock, valued at approximately $972,000.

Several other large investors have also bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of Constellation Brands by 13.3% during the 4th 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 during the period. Capital World Investors raised its stake in shares of Constellation Brands by 3.4% during the 4th 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 during the period. Berkshire Hathaway Inc bought a new stake in shares of Constellation Brands during the 4th quarter worth $1,242,976,000. Geode Capital Management LLC raised its stake in shares of Constellation Brands by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 3,204,003 shares of the company's stock worth $705,844,000 after purchasing an additional 63,323 shares during the period. Finally, Capital Research Global Investors raised its stake in shares of 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 purchasing an additional 18,557 shares during the period. 77.34% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on STZ. The Goldman Sachs Group lowered their price objective on Constellation Brands from $260.00 to $225.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Piper Sandler cut Constellation Brands from an "overweight" rating to a "neutral" rating and lowered their price objective for the company from $245.00 to $200.00 in a research note on Monday, February 3rd. Wells Fargo & Company decreased their price target on Constellation Brands from $230.00 to $210.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 2nd. Barclays upped their price target on Constellation Brands from $203.00 to $207.00 and gave the company an "overweight" rating in a research report on Monday, April 14th. Finally, JPMorgan Chase & Co. decreased their price target on Constellation Brands from $203.00 to $194.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, Constellation Brands presently has a consensus rating of "Moderate Buy" and a consensus price target of $225.74.

Insider Buying and Selling

In other Constellation Brands news, EVP Samuel J. Glaetzer sold 3,150 shares of the business's stock in a transaction dated 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 sale, the executive vice president now directly owns 3,126 shares in the company, valued at $589,376.04. The trade was a 50.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 12.19% of the stock is owned by corporate insiders.

Constellation Brands Stock Down 1.4%

Shares of NYSE:STZ traded down $2.69 on Monday, hitting $192.93. 2,252,191 shares of the company traded hands, compared to its average volume of 1,750,911. Constellation Brands, Inc. has a 52 week low of $160.46 and a 52 week high of $265.70. The stock has a 50 day simple moving average of $184.10 and a 200-day simple moving average of $198.97. The company has a market cap of $34.35 billion, a PE ratio of 51.86, a PEG ratio of 1.52 and a beta of 1.75. 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 (NYSE:STZ - Get Free Report) last released its quarterly earnings data on Wednesday, April 9th. The company reported $2.63 EPS for the quarter, topping 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 company had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same period last year, the company earned $2.26 EPS. Constellation Brands's revenue for the quarter was up 1.2% on a year-over-year basis. As a group, research analysts expect that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Tuesday, April 29th were issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.11%. This is an increase from Constellation Brands's previous quarterly dividend of $1.01. The ex-dividend date was Tuesday, April 29th. Constellation Brands's dividend payout ratio (DPR) 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.