Boston Partners Has $2.15 Million Position in Constellation Brands, Inc. (NYSE:STZ)

Boston Partners trimmed its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 99.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,728 shares of the company’s stock after selling 1,109,023 shares during the quarter. Boston Partners’ holdings in Constellation Brands were worth $2,150,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Thrivent Financial for Lutherans lifted its stake in shares of Constellation Brands by 13.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 7,341 shares of the company’s stock valued at $1,892,000 after acquiring an additional 845 shares during the last quarter. Pathstone Holdings LLC increased its holdings in Constellation Brands by 7.2% in the 3rd quarter. Pathstone Holdings LLC now owns 24,933 shares of the company’s stock worth $6,425,000 after purchasing an additional 1,681 shares in the last quarter. Prospera Financial Services Inc raised its position in Constellation Brands by 42.5% in the third quarter. Prospera Financial Services Inc now owns 3,919 shares of the company’s stock valued at $1,010,000 after purchasing an additional 1,168 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Constellation Brands during the third quarter valued at about $815,000. Finally, King Luther Capital Management Corp grew its holdings in shares of Constellation Brands by 12.4% during the third quarter. King Luther Capital Management Corp now owns 1,411 shares of the company’s stock worth $364,000 after purchasing an additional 156 shares during the last quarter. Institutional investors own 77.34% of the company’s stock.

Insider Buying and Selling at Constellation Brands

In related news, Director William T. Giles acquired 1,000 shares of the firm’s stock in a transaction on Friday, January 17th. The stock was purchased at an average cost of $186.39 per share, with a total value of $186,390.00. Following the acquisition, the director now owns 1,463 shares of the company’s stock, valued at approximately $272,688.57. This trade represents a 215.98 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 12.19% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on STZ. UBS Group dropped their price objective on shares of Constellation Brands from $265.00 to $223.00 and set a “buy” rating for the company in a report on Friday, January 17th. Argus lowered shares of Constellation Brands from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Citigroup downgraded Constellation Brands from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $260.00 to $200.00 in a report on Thursday. Wells Fargo & Company cut their target price on Constellation Brands from $295.00 to $275.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Finally, Truist Financial decreased their price target on Constellation Brands from $255.00 to $190.00 and set a “hold” rating for the company in a research note on Tuesday, January 14th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $250.41.

Constellation Brands Stock Performance

Shares of STZ opened at $177.73 on Friday. The stock has a 50-day moving average of $177.32 and a 200-day moving average of $217.28. Constellation Brands, Inc. has a one year low of $160.46 and a one year high of $274.87. 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 company has a market cap of $32.12 billion, a PE ratio of 47.78, a P/E/G ratio of 1.52 and a beta of 1.75.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Friday, January 10th. The company reported $3.25 EPS for the quarter, missing the consensus estimate of $3.33 by ($0.08). Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The firm had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.53 billion. During the same quarter in the prior year, the firm earned $3.19 EPS. The company’s revenue was down .3% compared to the same quarter last year. On average, equities research analysts predict that Constellation Brands, Inc. will post 13.5 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a dividend of $1.01 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.04 annualized dividend and a yield of 2.27%. Constellation Brands’s payout ratio is 108.60%.

Constellation Brands 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.