5,142 Shares in Constellation Brands, Inc. (NYSE:STZ) Purchased by Nomura Holdings Inc.

Nomura Holdings Inc. purchased a new stake in Constellation Brands, Inc. (NYSE:STZ) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 5,142 shares of the company’s stock, valued at approximately $1,136,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in STZ. Mainstream Capital Management LLC acquired a new stake in shares of Constellation Brands in the fourth quarter worth approximately $25,000. SBI Securities Co. Ltd. purchased a new position in Constellation Brands during the fourth quarter worth approximately $26,000. Compagnie Lombard Odier SCmA acquired a new position in shares of Constellation Brands in the 4th quarter valued at $27,000. Union Bancaire Privee UBP SA purchased a new stake in shares of Constellation Brands during the 4th quarter valued at $28,000. Finally, Minot DeBlois Advisors LLC purchased a new stake in shares of Constellation Brands during the 4th quarter valued at $29,000. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Constellation Brands Stock Up 2.7%

Shares of Constellation Brands stock opened at $195.75 on Monday. Constellation Brands, Inc. has a 1-year low of $160.46 and a 1-year high of $265.70. The company has a market capitalization of $34.85 billion, a PE ratio of 52.62, a P/E/G ratio of 1.52 and a beta of 1.75. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46. The business has a 50-day moving average of $184.10 and a 200-day moving average of $198.97.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Wednesday, April 9th. The company reported $2.63 earnings per share for the quarter, beating analysts’ consensus estimates 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 last year, the firm earned $2.26 EPS. Constellation Brands’s quarterly revenue was up 1.2% on a year-over-year basis. As a group, equities analysts forecast that Constellation Brands, Inc. will post 13.5 EPS for the current fiscal year.

Constellation Brands Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Tuesday, April 29th were paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend was Tuesday, April 29th. This is a positive change from Constellation Brands’s previous quarterly dividend of $1.01. Constellation Brands’s payout ratio is -800.00%.

Insider Activity at Constellation Brands

In other Constellation Brands news, EVP Samuel J. Glaetzer sold 3,150 shares of the firm’s stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $188.54, for a total transaction 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 $589,376.04. This trade represents a 50.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 12.19% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Barclays increased their target price on Constellation Brands from $203.00 to $207.00 and gave the stock an “overweight” rating in a research report on Monday, April 14th. Piper Sandler downgraded Constellation Brands from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $245.00 to $200.00 in a report on Monday, February 3rd. Morgan Stanley reduced their price objective on Constellation Brands from $202.00 to $195.00 and set an “equal weight” rating on the stock in a research note on Friday, April 11th. Wells Fargo & Company dropped their target price on shares of Constellation Brands from $230.00 to $210.00 and set an “overweight” rating for the company in a research report on Wednesday, April 2nd. Finally, StockNews.com raised shares of Constellation Brands from a “sell” rating to a “hold” rating in a research report on Thursday, May 8th. Ten 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.com, the company has a consensus rating of “Moderate Buy” and an average price target of $225.74.

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.