R Squared Ltd acquired a new stake in Constellation Brands, Inc. (NYSE:STZFree Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 620 shares of the company’s stock, valued at approximately $137,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Grimes & Company Inc. acquired a new position in shares of Constellation Brands during the 4th quarter valued at $6,099,000. Paloma Partners Management Co grew its stake in shares of Constellation Brands by 568.4% in the 3rd quarter. Paloma Partners Management Co now owns 30,000 shares of the company’s stock valued at $7,731,000 after buying an additional 25,512 shares during the period. Nomura Asset Management Co. Ltd. increased its position in Constellation Brands by 3.7% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 84,204 shares of the company’s stock valued at $21,699,000 after buying an additional 2,980 shares in the last quarter. Empowered Funds LLC raised its stake in Constellation Brands by 318.8% during the 3rd quarter. Empowered Funds LLC now owns 10,184 shares of the company’s stock worth $2,624,000 after buying an additional 7,752 shares during the period. Finally, WealthPlan Investment Management LLC boosted its holdings in Constellation Brands by 29.5% in the third quarter. WealthPlan Investment Management LLC now owns 30,160 shares of the company’s stock worth $7,772,000 after acquiring an additional 6,867 shares in the last quarter. Institutional investors own 77.34% of the company’s stock.

Insider Activity at Constellation Brands

In related news, Director William T. Giles bought 1,000 shares of the business’s stock in a transaction on Friday, January 17th. The stock was acquired at an average price of $186.39 per share, for a total transaction of $186,390.00. Following the purchase, the director now directly owns 1,463 shares in the company, valued at $272,688.57. This trade represents a 215.98 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP James A. Jr. Sabia sold 36,086 shares of the stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $242.99, for a total transaction of $8,768,537.14. Following the completion of the sale, the executive vice president now directly owns 16,042 shares in the company, valued at approximately $3,898,045.58. The trade was a 69.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 61,746 shares of company stock worth $15,017,097. 12.19% of the stock is owned by corporate insiders.

Constellation Brands Price Performance

Shares of NYSE STZ opened at $182.41 on Thursday. 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 stock has a fifty day simple moving average of $218.87 and a two-hundred day simple moving average of $235.16. Constellation Brands, Inc. has a 1-year low of $176.51 and a 1-year high of $274.87. The firm has a market cap of $32.97 billion, a price-to-earnings ratio of 49.04, a price-to-earnings-growth ratio of 1.58 and a beta of 0.91.

Constellation Brands (NYSE:STZGet Free Report) last posted its quarterly earnings results on Friday, January 10th. The company reported $3.25 earnings per share for the quarter, missing the consensus estimate of $3.33 by ($0.08). Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The firm had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.53 billion. During the same quarter in the previous year, the company posted $3.19 EPS. The firm’s revenue was down .3% compared to the same quarter last year. Analysts anticipate that Constellation Brands, Inc. will post 13.52 earnings per share for the current year.

Constellation Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be given a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 2.21%. The ex-dividend date of this dividend is Friday, February 7th. Constellation Brands’s dividend payout ratio (DPR) is currently 108.60%.

Wall Street Analyst Weigh In

STZ has been the topic of a number of recent research reports. Truist Financial cut their target price on Constellation Brands from $255.00 to $190.00 and set a “hold” rating on the stock in a report on Tuesday, January 14th. Roth Capital dropped their price objective on shares of Constellation Brands from $298.00 to $284.00 and set a “buy” rating on the stock in a research note on Friday, January 17th. BMO Capital Markets decreased their target price on shares of Constellation Brands from $315.00 to $305.00 and set an “outperform” rating for the company in a research report on Tuesday, October 15th. Piper Sandler dropped their price target on shares of Constellation Brands from $300.00 to $245.00 and set an “overweight” rating on the stock in a research report on Monday, January 13th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $203.00 price objective (down from $262.00) on shares of Constellation Brands in a report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $257.14.

Check Out Our Latest Report on Constellation Brands

About Constellation Brands

(Free Report)

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.

See Also

Want to see what other hedge funds are holding STZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Constellation Brands, Inc. (NYSE:STZFree Report).

SECFilingChart R Squared Ltd Purchases Shares of 620 Constellation Brands, Inc. (NYSE:STZ)



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