USS Investment Management Ltd Sells 6,199 Shares of Constellation Brands, Inc. (NYSE:STZ)

USS Investment Management Ltd reduced its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 17.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 30,129 shares of the company’s stock after selling 6,199 shares during the quarter. USS Investment Management Ltd’s holdings in Constellation Brands were worth $6,661,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in STZ. Vista Investment Management lifted its position in shares of Constellation Brands by 0.7% during the 4th quarter. Vista Investment Management now owns 11,479 shares of the company’s stock valued at $2,537,000 after buying an additional 84 shares in the last quarter. Voloridge Investment Management LLC purchased a new position in shares of Constellation Brands during the 4th quarter valued at $38,461,000. Waverly Advisors LLC boosted its holdings in Constellation Brands by 50.7% in the 4th quarter. Waverly Advisors LLC now owns 1,727 shares of the company’s stock worth $382,000 after buying an additional 581 shares during the period. iSAM Funds UK Ltd purchased a new stake in Constellation Brands in the 4th quarter worth $846,000. Finally, Sone Capital Management LLC bought a new stake in Constellation Brands during the fourth quarter valued at about $11,233,000. 77.34% of the stock is currently owned by institutional investors.

Insider Transactions at Constellation Brands

In other news, EVP Samuel J. Glaetzer sold 3,150 shares of the stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $188.54, for a total transaction of $593,901.00. Following the transaction, the executive vice president now owns 3,126 shares of the company’s stock, valued at approximately $589,376.04. This represents a 50.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 12.19% of the company’s stock.

Wall Street Analysts Forecast Growth

STZ has been the subject of a number of recent analyst reports. Truist Financial raised Constellation Brands from a “hold” rating to a “buy” rating and set a $215.00 price objective for the company in a research note on Wednesday, May 7th. Barclays upped their target price on shares of Constellation Brands from $203.00 to $207.00 and gave the stock an “overweight” rating in a research report on Monday, April 14th. StockNews.com upgraded shares of Constellation Brands from a “sell” rating to a “hold” rating in a report on Tuesday. Needham & Company LLC reissued a “buy” rating and set a $215.00 price objective on shares of Constellation Brands in a report on Thursday, April 10th. Finally, Morgan Stanley reduced their target price on Constellation Brands from $202.00 to $195.00 and set an “equal weight” rating on the stock in a 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 MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $225.74.

Constellation Brands Price Performance

STZ stock opened at $185.84 on Thursday. The stock has a market cap of $33.08 billion, a PE ratio of 49.96, a P/E/G ratio of 1.52 and a beta of 1.75. Constellation Brands, Inc. has a 12 month low of $160.46 and a 12 month high of $265.70. The company has a 50-day moving average price of $184.53 and a 200 day moving average price of $198.54. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Wednesday, April 9th. The company reported $2.63 EPS 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 for the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter in the prior year, the company posted $2.26 EPS. Constellation Brands’s quarterly revenue was up 1.2% on a year-over-year basis. Equities research analysts anticipate that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Tuesday, April 29th were issued a dividend of $1.02 per share. This is a positive change from Constellation Brands’s previous quarterly dividend of $1.01. The ex-dividend date was Tuesday, April 29th. This represents a $4.08 dividend on an annualized basis and a yield of 2.20%. 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.