25,249 Shares in Constellation Brands Inc $STZ Purchased by iA Global Asset Management Inc.

iA Global Asset Management Inc. purchased a new position in shares of Constellation Brands Inc (NYSE:STZ) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 25,249 shares of the company’s stock, valued at approximately $3,483,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Root Financial Partners LLC acquired a new position in shares of Constellation Brands during the 3rd quarter worth approximately $26,000. Stance Capital LLC acquired a new stake in Constellation Brands during the 3rd quarter valued at $26,000. GoalVest Advisory LLC bought a new position in Constellation Brands during the fourth quarter worth $28,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Constellation Brands in the fourth quarter valued at $39,000. Finally, CVA Family Office LLC increased its holdings in shares of Constellation Brands by 713.2% in the third quarter. CVA Family Office LLC now owns 309 shares of the company’s stock valued at $42,000 after purchasing an additional 271 shares during the last quarter. Institutional investors own 77.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on STZ. Bank of America raised their target price on shares of Constellation Brands from $142.00 to $154.00 and gave the stock an “underperform” rating in a research note on Friday, April 10th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Constellation Brands from $154.00 to $155.00 and gave the company a “hold” rating in a research note on Friday, April 10th. JPMorgan Chase & Co. raised their price objective on shares of Constellation Brands from $155.00 to $163.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 1st. Barclays boosted their price objective on Constellation Brands from $151.00 to $170.00 and gave the stock an “equal weight” rating in a report on Friday, April 10th. Finally, UBS Group increased their target price on Constellation Brands from $176.00 to $186.00 and gave the stock a “buy” rating in a research note on Friday, April 10th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $176.30.

Constellation Brands Price Performance

Shares of Constellation Brands stock opened at $142.55 on Monday. Constellation Brands Inc has a twelve month low of $126.45 and a twelve month high of $196.91. The company has a quick ratio of 0.55, a current ratio of 1.08 and a debt-to-equity ratio of 1.16. The company has a 50-day simple moving average of $152.68 and a two-hundred day simple moving average of $148.10. The stock has a market capitalization of $24.55 billion, a price-to-earnings ratio of 14.86, a price-to-earnings-growth ratio of 3.12 and a beta of 0.43.

Constellation Brands (NYSE:STZ) last announced its earnings results on Wednesday, April 8th. The company reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.71 by $0.19. Constellation Brands had a net margin of 17.29% and a return on equity of 26.18%. The firm had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the prior year, the business posted $2.63 EPS. The business’s revenue was down 11.3% compared to the same quarter last year. Analysts forecast that Constellation Brands Inc will post 11.9 EPS for the current year.

Constellation Brands Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Wednesday, April 29th were issued a $1.03 dividend. The ex-dividend date of this dividend was Wednesday, April 29th. This represents a $4.12 annualized dividend and a yield of 2.9%. This is a boost from Constellation Brands’s previous quarterly dividend of $1.02. Constellation Brands’s payout ratio is presently 42.96%.

Insider Buying and Selling at Constellation Brands

In other news, EVP James O. Bourdeau sold 4,407 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $143.24, for a total transaction of $631,258.68. Following the completion of the sale, the executive vice president directly owned 9,109 shares in the company, valued at approximately $1,304,773.16. This represents a 32.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 12.45% of the company’s stock.

About Constellation Brands

Constellation Brands, Inc is a leading producer and marketer of beer, wine and spirits, with operations spanning production, importation, marketing and distribution. The company’s beverage portfolio includes a range of premium and mainstream wines and spirits alongside major imported beer brands; in the U.S. market Constellation is widely known for its role in bringing Mexican imports such as Corona and Modelo to American consumers. Constellation supplies retail, on‑premise and foodservice channels and supports its brands with national sales and marketing platforms and supply‑chain capabilities.

The company traces its roots to the Canandaigua Wine Company, founded by Marvin Sands in 1945, and evolved through organic growth and acquisition into a diversified beverage company.