Altshuler Shaham Ltd Has $1.35 Million Stake in Constellation Brands, Inc. (NYSE:STZ)

Altshuler Shaham Ltd reduced its holdings in Constellation Brands, Inc. (NYSE:STZ) by 3.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,118 shares of the company’s stock after selling 244 shares during the quarter. Altshuler Shaham Ltd’s holdings in Constellation Brands were worth $1,352,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new stake in Constellation Brands in the 4th quarter valued at approximately $445,883,000. Vanguard Group Inc. boosted its position in shares of Constellation Brands by 13.3% in the fourth quarter. Vanguard Group Inc. now owns 15,534,787 shares of the company’s stock valued at $3,433,188,000 after acquiring an additional 1,821,969 shares during the period. Van ECK Associates Corp boosted its position in shares of Constellation Brands by 1,844.7% in the fourth quarter. Van ECK Associates Corp now owns 924,274 shares of the company’s stock valued at $204,265,000 after acquiring an additional 876,745 shares during the period. Grantham Mayo Van Otterloo & Co. LLC grew 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. Finally, Raymond James Financial Inc. bought a new position in Constellation Brands during the fourth quarter worth $105,766,000. 77.34% of the stock is currently owned by institutional investors.

Constellation Brands Price Performance

NYSE:STZ opened at $183.18 on Thursday. The firm has a market cap of $33.11 billion, a PE ratio of 49.24, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75. The company’s 50-day moving average price is $177.69 and its two-hundred day moving average price is $207.87. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26. Constellation Brands, Inc. has a 12 month low of $160.46 and a 12 month high of $265.70.

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. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The business had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same period in the prior year, the company earned $2.26 EPS. Constellation Brands’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, equities analysts anticipate that Constellation Brands, Inc. will post 13.5 EPS for the current fiscal year.

Constellation Brands Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Tuesday, April 29th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.23%. This is a boost from Constellation Brands’s previous quarterly dividend of $1.01. The ex-dividend date is Tuesday, April 29th. Constellation Brands’s payout ratio is currently -800.00%.

Wall Street Analyst Weigh In

STZ has been the subject of a number of research reports. Needham & Company LLC reissued a “buy” rating and issued a $215.00 price target on shares of Constellation Brands in a report on Thursday, April 10th. UBS Group reduced their target price on shares of Constellation Brands from $265.00 to $223.00 and set a “buy” rating for the company in a research note on Friday, January 17th. Roth Capital lowered their price target on Constellation Brands from $298.00 to $284.00 and set a “buy” rating on the stock in a research note on Friday, January 17th. Truist Financial reduced their price objective 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. Finally, Piper Sandler cut Constellation Brands from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $245.00 to $200.00 in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Constellation Brands has an average rating of “Hold” and a consensus price target of $224.42.

Insider Buying and Selling

In related news, Director William T. Giles bought 1,000 shares of the company’s stock in a transaction on Friday, January 17th. The stock was bought at an average cost of $186.39 per share, with a total value of $186,390.00. Following the completion of the purchase, the director now owns 1,463 shares in the company, valued at approximately $272,688.57. The trade was a 215.98 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 12.19% of the stock is owned by corporate insiders.

About Constellation Brands

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.