3,829 Shares in Constellation Brands, Inc. (NYSE:STZ) Bought by iSAM Funds UK Ltd

iSAM Funds UK Ltd bought a new position in shares of Constellation Brands, Inc. (NYSE:STZ) during the fourth quarter, HoldingsChannel.com reports. The firm bought 3,829 shares of the company’s stock, valued at approximately $846,000.

Other large investors also recently bought and sold shares of the company. Sone Capital Management LLC acquired a new stake in Constellation Brands in the 4th quarter valued at about $11,233,000. Twinbeech Capital LP purchased a new stake in shares of Constellation Brands in the fourth quarter valued at about $955,000. Triglav Skladi D.O.O. purchased a new position in shares of Constellation Brands during the 4th quarter worth approximately $6,376,000. Tidal Investments LLC increased its stake in shares of Constellation Brands by 81.1% during the 4th quarter. Tidal Investments LLC now owns 15,466 shares of the company’s stock worth $3,418,000 after purchasing an additional 6,926 shares in the last quarter. Finally, Toronto Dominion Bank lifted its stake in Constellation Brands by 41.7% in the 4th quarter. Toronto Dominion Bank now owns 86,585 shares of the company’s stock valued at $19,135,000 after buying an additional 25,463 shares in the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on STZ shares. Morgan Stanley dropped their price target on Constellation Brands from $202.00 to $195.00 and set an “equal weight” rating for the company in a research report on Friday, April 11th. Wells Fargo & Company decreased their price target on shares of Constellation Brands from $230.00 to $210.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 2nd. Royal Bank of Canada cut their price objective on shares of Constellation Brands from $289.00 to $233.00 and set an “outperform” rating for the company in a research report on Monday, April 14th. Citigroup lowered their target price on shares of Constellation Brands from $200.00 to $190.00 and set a “neutral” rating for the company in a research note on Friday, April 11th. Finally, Barclays boosted their price target on Constellation Brands from $203.00 to $207.00 and gave the company an “overweight” rating in a report on Monday, April 14th. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $225.74.

Constellation Brands Price Performance

STZ opened at $192.93 on Tuesday. Constellation Brands, Inc. has a twelve month low of $160.46 and a twelve month high of $265.70. The firm has a market cap of $34.35 billion, a price-to-earnings ratio of 51.86, a PEG ratio of 1.52 and a beta of 1.75. 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 company has a fifty day simple moving average of $184.28 and a 200 day simple moving average of $198.69.

Constellation Brands (NYSE:STZ) last announced its 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 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 firm earned $2.26 earnings per share. The company’s revenue was up 1.2% on a year-over-year basis. Equities research analysts expect that Constellation Brands, Inc. will post 13.5 EPS for the current fiscal year.

Constellation Brands Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Tuesday, April 29th were paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.11%. 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 dividend payout ratio (DPR) is -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.