Constellation Brands, Inc. (NYSE:STZ) Holdings Lifted by Farther Finance Advisors LLC

Farther Finance Advisors LLC boosted its holdings in Constellation Brands, Inc. (NYSE:STZ) by 179.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,069 shares of the company’s stock after acquiring an additional 1,328 shares during the quarter. Farther Finance Advisors LLC’s holdings in Constellation Brands were worth $382,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of STZ. Berkshire Hathaway Inc acquired a new stake in Constellation Brands during the 4th quarter worth about $1,242,976,000. Norges Bank purchased a new position in Constellation Brands during the fourth quarter valued at approximately $445,883,000. Vanguard Group Inc. lifted its position in Constellation Brands by 13.3% in the 4th quarter. Vanguard Group Inc. now owns 15,534,787 shares of the company’s stock worth $3,433,188,000 after buying an additional 1,821,969 shares in the last quarter. D1 Capital Partners L.P. grew its holdings in shares of Constellation Brands by 186.6% during the 4th quarter. D1 Capital Partners L.P. now owns 1,527,689 shares of the company’s stock valued at $337,619,000 after acquiring an additional 994,639 shares in the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC increased its stake in shares of Constellation Brands by 42.9% in the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 2,454,258 shares of the company’s stock worth $542,391,000 after acquiring an additional 736,780 shares during the last quarter. 77.34% of the stock is currently owned by institutional investors.

Constellation Brands Trading Down 1.3%

Shares of STZ stock opened at $162.70 on Tuesday. The company has a market capitalization of $28.96 billion, a PE ratio of 43.74, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75. Constellation Brands, Inc. has a 52-week low of $160.46 and a 52-week high of $265.70. The business’s fifty day moving average is $183.05 and its 200 day moving average is $190.12. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 1.10.

Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Wednesday, April 9th. The company reported $2.63 EPS for the quarter, topping analysts’ consensus estimates of $2.28 by $0.35. The business had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.14 billion. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.26 EPS. On average, equities research analysts anticipate that Constellation Brands, Inc. will post 13.5 EPS for the current fiscal year.

Constellation Brands Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Tuesday, April 29th were given a dividend of $1.02 per share. The ex-dividend date of this dividend was Tuesday, April 29th. This represents a $4.08 annualized dividend and a dividend yield of 2.51%. This is a boost from Constellation Brands’s previous quarterly dividend of $1.01. Constellation Brands’s payout ratio is currently -800.00%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on STZ. Wells Fargo & Company cut their price target on shares of Constellation Brands from $230.00 to $210.00 and set an “overweight” rating on the stock in a report on Wednesday, April 2nd. 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. CJS Securities lowered their price target on Constellation Brands from $196.00 to $194.00 in a report on Monday, May 19th. Roth Mkm decreased their price objective on shares of Constellation Brands from $284.00 to $256.00 and set a “buy” rating for the company in a report on Thursday, April 3rd. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Constellation Brands from $191.00 to $185.00 and set a “hold” rating for the company in a report on Thursday, June 5th. Eleven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $220.00.

Insider Buying and Selling

In other news, EVP Samuel J. Glaetzer sold 3,150 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $188.54, for a total transaction of $593,901.00. Following the sale, the executive vice president now owns 3,126 shares in the company, valued at $589,376.04. This represents a 50.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 12.19% of the stock is owned by insiders.

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.