3,586 Shares in Constellation Brands, Inc. (NYSE:STZ) Purchased by Machina Capital S.A.S.

Machina Capital S.A.S. acquired a new position in Constellation Brands, Inc. (NYSE:STZ) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,586 shares of the company’s stock, valued at approximately $867,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BKM Wealth Management LLC bought a new stake in Constellation Brands in the fourth quarter worth about $28,000. Asset Dedication LLC raised 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 buying an additional 115 shares during the period. Turtle Creek Wealth Advisors LLC acquired a new stake in Constellation Brands during the 4th quarter worth about $37,000. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Constellation Brands during the 3rd quarter worth about $41,000. Finally, Exchange Traded Concepts LLC acquired a new stake in Constellation Brands during the 4th quarter worth about $45,000. 77.34% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on STZ. Bank of America boosted their price objective on Constellation Brands from $290.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Royal Bank of Canada boosted their price objective on Constellation Brands from $295.00 to $308.00 and gave the stock an “outperform” rating in a report on Friday, April 12th. Evercore ISI boosted their price objective on 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 upped their target price on Constellation Brands from $292.00 to $314.00 and gave the company a “buy” rating in a report on Friday, April 12th. Finally, Piper Sandler initiated coverage on Constellation Brands in a report on Friday, March 22nd. They issued an “overweight” rating and a $300.00 target price on the stock. Three analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $298.55.

Constellation Brands Stock Up 0.5 %

Shares of NYSE STZ traded up $1.18 during trading hours on Tuesday, hitting $258.49. The stock had a trading volume of 612,790 shares, compared to its average volume of 1,221,846. The company has a market capitalization of $47.30 billion, a P/E ratio of 27.43, a P/E/G ratio of 1.73 and a beta of 0.95. The firm’s 50-day moving average price is $261.04 and its two-hundred day moving average price is $249.04. Constellation Brands, Inc. has a 52 week low of $222.45 and a 52 week high of $274.87. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.53 and a current ratio of 1.19.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings results on Thursday, April 11th. The company reported $2.26 EPS for the quarter, beating the consensus estimate of $2.10 by $0.16. The business 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 firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.98 EPS. Analysts anticipate that Constellation Brands, Inc. will post 13.51 EPS for the current fiscal year.

Constellation Brands Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 3rd will be issued a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 1.56%. The ex-dividend date is Thursday, May 2nd. This is an increase from Constellation Brands’s previous quarterly dividend of $0.89. Constellation Brands’s dividend payout ratio (DPR) is 43.07%.

Insider Buying and Selling at Constellation Brands

In other Constellation Brands news, EVP James A. Jr. Sabia sold 15,781 shares of the stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $263.63, for a total transaction of $4,160,345.03. Following the transaction, the executive vice president now owns 20,910 shares in the company, valued at $5,512,503.30. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Constellation Brands news, EVP James A. Jr. Sabia sold 15,781 shares of the stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $263.63, for a total transaction of $4,160,345.03. Following the transaction, the executive vice president now owns 20,910 shares in the company, valued at $5,512,503.30. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO William A. Newlands sold 4,013 shares of the stock in a transaction that occurred on Friday, April 19th. The shares were sold at an average price of $263.25, for a total value of $1,056,422.25. Following the transaction, the chief executive officer now owns 5,395 shares in the company, valued at approximately $1,420,233.75. The disclosure for this sale can be found here. Corporate insiders own 16.19% of the company’s stock.

About Constellation Brands

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.