Mn Services Vermogensbeheer B.V. Buys 1,000 Shares of Constellation Brands, Inc. (NYSE:STZ)

Mn Services Vermogensbeheer B.V. lifted its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 1.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 64,100 shares of the company’s stock after buying an additional 1,000 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Constellation Brands were worth $14,166,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Compagnie Lombard Odier SCmA acquired a new position in shares of Constellation Brands in the fourth quarter valued at approximately $27,000. Union Bancaire Privee UBP SA bought a new position in shares of Constellation Brands in the 4th quarter worth $28,000. Versant Capital Management Inc grew its stake in shares of Constellation Brands by 887.5% in the 4th quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock worth $35,000 after acquiring an additional 142 shares in the last quarter. Centricity Wealth Management LLC purchased a new stake in shares of Constellation Brands in the fourth quarter valued at about $35,000. Finally, Whipplewood Advisors LLC bought a new position in shares of Constellation Brands during the fourth quarter valued at about $36,000. 77.34% of the stock is currently owned by institutional investors.

Insider Activity at Constellation Brands

In other Constellation Brands news, Director William T. Giles purchased 1,000 shares of the company’s stock in a transaction dated Friday, January 17th. The stock was purchased at an average price of $186.39 per share, for a total transaction of $186,390.00. Following the transaction, the director now owns 1,463 shares in the company, valued at $272,688.57. The trade was a 215.98 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 12.19% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on STZ shares. TD Cowen reduced their price objective on shares of Constellation Brands from $270.00 to $260.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $293.00 target price on shares of Constellation Brands in a report on Monday, February 3rd. 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 report on Tuesday, January 14th. UBS Group cut their price objective on Constellation Brands from $265.00 to $223.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. Finally, Piper Sandler lowered Constellation Brands from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $245.00 to $200.00 in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Constellation Brands has an average rating of “Hold” and a consensus target price of $253.43.

Constellation Brands Trading Down 2.8 %

Shares of STZ opened at $173.43 on Friday. Constellation Brands, Inc. has a twelve month low of $160.46 and a twelve month high of $274.87. The stock has a market cap of $31.34 billion, a PE ratio of 46.62, a P/E/G ratio of 1.52 and a beta of 1.75. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26. The business’s 50-day moving average price is $190.04 and its 200-day moving average price is $224.16.

Constellation Brands (NYSE:STZ) last posted its earnings results on Friday, January 10th. The company reported $3.25 earnings per share for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.08). Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The firm had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.53 billion. During the same period last year, the company posted $3.19 EPS. The business’s revenue was down .3% on a year-over-year basis. On average, equities analysts forecast that Constellation Brands, Inc. will post 13.5 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a $1.01 dividend. The ex-dividend date was Friday, February 7th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.33%. Constellation Brands’s dividend payout ratio (DPR) is presently 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.