Trust Investment Advisors Grows Holdings in Constellation Brands, Inc. (NYSE:STZ)

Trust Investment Advisors increased its position in Constellation Brands, Inc. (NYSE:STZ) by 3.9% in the 2nd quarter, HoldingsChannel reports. The fund owned 5,685 shares of the company’s stock after buying an additional 215 shares during the quarter. Trust Investment Advisors’ holdings in Constellation Brands were worth $1,399,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Constellation Brands by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 12,601,280 shares of the company’s stock valued at $2,902,327,000 after buying an additional 313,344 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its holdings in Constellation Brands by 103,844.2% during the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 9,206,335 shares of the company’s stock valued at $2,265,955,000 after buying an additional 9,197,478 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Constellation Brands by 100.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,890,702 shares of the company’s stock valued at $1,782,432,000 after buying an additional 3,961,836 shares in the last quarter. Morgan Stanley grew its holdings in Constellation Brands by 31.3% during the 4th quarter. Morgan Stanley now owns 3,809,273 shares of the company’s stock valued at $882,799,000 after buying an additional 908,486 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC grew its holdings in Constellation Brands by 84,839.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 3,742,434 shares of the company’s stock valued at $867,309,000 after buying an additional 3,738,028 shares in the last quarter. 88.99% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Constellation Brands

In other news, major shareholder Family Foundation Sands sold 102,152 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $241.84, for a total transaction of $24,704,439.68. Following the sale, the insider now owns 409,077 shares in the company, valued at $98,931,181.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 16.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on STZ shares. Wedbush raised their target price on shares of Constellation Brands from $275.00 to $300.00 and gave the company an “outperform” rating in a report on Tuesday, October 3rd. Truist Financial restated a “hold” rating and issued a $260.00 price target on shares of Constellation Brands in a research report on Friday, October 6th. Roth Mkm restated a “buy” rating and issued a $311.00 price target on shares of Constellation Brands in a research report on Friday, October 6th. Morgan Stanley raised their price target on Constellation Brands from $290.00 to $305.00 and gave the stock an “overweight” rating in a research report on Monday, July 24th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Constellation Brands from $241.00 to $243.00 and gave the stock a “hold” rating in a research report on Wednesday, September 20th. Five equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, Constellation Brands presently has an average rating of “Moderate Buy” and an average target price of $277.38.

Constellation Brands Stock Down 0.4 %

STZ traded down $0.96 on Friday, hitting $235.63. The company had a trading volume of 1,156,156 shares, compared to its average volume of 1,171,325. The stock has a fifty day moving average price of $243.40 and a 200-day moving average price of $248.21. Constellation Brands, Inc. has a 12-month low of $208.12 and a 12-month high of $273.65. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.57 and a current ratio of 1.20. The stock has a market capitalization of $43.28 billion, a price-to-earnings ratio of 28.70, a P/E/G ratio of 1.89 and a beta of 1.05.

Constellation Brands (NYSE:STZ) last posted its earnings results on Thursday, October 5th. The company reported $3.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.37 by $0.33. Constellation Brands had a return on equity of 23.35% and a net margin of 14.41%. The company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same quarter in the previous year, the firm earned $3.17 earnings per share. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. Analysts predict that Constellation Brands, Inc. will post 11.87 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 17th. Shareholders of record on Friday, November 3rd were paid a $0.89 dividend. The ex-dividend date was Thursday, November 2nd. This represents a $3.56 annualized dividend and a yield of 1.51%. Constellation Brands’s dividend payout ratio (DPR) is presently 43.36%.

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 Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Victoria, Vicky Chamoy, and Pacifico brands.