AIA Group Ltd purchased a new stake in shares of Constellation Brands Inc (NYSE:STZ – Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 6,870 shares of the company’s stock, valued at approximately $925,000.
Other large investors have also recently modified their holdings of the company. Private Trust Co. NA boosted its holdings in Constellation Brands by 0.7% in the third quarter. Private Trust Co. NA now owns 11,001 shares of the company’s stock valued at $1,481,000 after acquiring an additional 75 shares in the last quarter. Rise Advisors LLC grew its position in Constellation Brands by 8.8% during the 3rd quarter. Rise Advisors LLC now owns 937 shares of the company’s stock valued at $126,000 after purchasing an additional 76 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in shares of Constellation Brands by 2.6% during the third quarter. Harbor Capital Advisors Inc. now owns 3,113 shares of the company’s stock valued at $419,000 after acquiring an additional 79 shares in the last quarter. Stablepoint Partners LLC raised its stake in shares of Constellation Brands by 1.3% in the second quarter. Stablepoint Partners LLC now owns 7,438 shares of the company’s stock worth $1,210,000 after purchasing an additional 97 shares during the last quarter. Finally, CW Advisors LLC lifted its stake in Constellation Brands by 1.0% during the 2nd quarter. CW Advisors LLC now owns 11,054 shares of the company’s stock valued at $1,798,000 after acquiring an additional 108 shares during the period. Hedge funds and other institutional investors own 77.34% of the company’s stock.
Constellation Brands Trading Down 1.5%
NYSE STZ opened at $149.69 on Friday. Constellation Brands Inc has a 1 year low of $126.45 and a 1 year high of $196.91. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.34 and a quick ratio of 0.70. The company has a market capitalization of $25.96 billion, a PE ratio of 23.61, a P/E/G ratio of 0.42 and a beta of 0.44. The company has a fifty day moving average of $156.16 and a 200 day moving average of $144.29.
Constellation Brands Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Thursday, January 29th were paid a dividend of $1.02 per share. The ex-dividend date of this dividend was Thursday, January 29th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.7%. Constellation Brands’s dividend payout ratio (DPR) is presently 64.35%.
Analyst Ratings Changes
A number of research analysts have weighed in on STZ shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $160.00 target price on shares of Constellation Brands in a research report on Monday, December 15th. Needham & Company LLC reiterated a “buy” rating and issued a $180.00 price target on shares of Constellation Brands in a research note on Tuesday, January 6th. UBS Group set a $168.00 price objective on shares of Constellation Brands in a research report on Friday, January 9th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Constellation Brands in a research report on Wednesday. Finally, Piper Sandler lowered their price objective on shares of Constellation Brands from $155.00 to $135.00 and set a “neutral” rating for the company in a research report on Friday, November 21st. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $177.82.
Get Our Latest Report on Constellation Brands
Constellation Brands Company Profile
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.
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