Dupont Capital Management Corp Has $10.51 Million Holdings in Constellation Brands, Inc. (NYSE:STZ)

Dupont Capital Management Corp lessened its stake in Constellation Brands, Inc. (NYSE:STZFree Report) by 5.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,458 shares of the company’s stock after selling 2,368 shares during the quarter. Dupont Capital Management Corp’s holdings in Constellation Brands were worth $10,506,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. FAS Wealth Partners Inc. raised its stake in Constellation Brands by 3.5% during the fourth quarter. FAS Wealth Partners Inc. now owns 1,277 shares of the company’s stock worth $309,000 after acquiring an additional 43 shares in the last quarter. Ascent Wealth Partners LLC acquired a new position in Constellation Brands during the fourth quarter worth about $962,000. Secure Asset Management LLC acquired a new position in Constellation Brands during the fourth quarter worth about $254,000. Redwood Investments LLC raised its stake in Constellation Brands by 6.3% during the fourth quarter. Redwood Investments LLC now owns 7,897 shares of the company’s stock worth $1,909,000 after acquiring an additional 469 shares in the last quarter. Finally, Blackhawk Capital Partners LLC. raised its stake in Constellation Brands by 3.1% during the fourth quarter. Blackhawk Capital Partners LLC. now owns 2,717 shares of the company’s stock worth $657,000 after acquiring an additional 82 shares in the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on STZ. Evercore ISI reaffirmed an “outperform” rating and issued a $300.00 price objective on shares of Constellation Brands in a research note on Wednesday, March 27th. TheStreet downgraded Constellation Brands from a “b” rating to a “c+” rating in a research note on Friday, January 5th. Argus downgraded Constellation Brands from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Piper Sandler initiated coverage on Constellation Brands in a research note on Friday, March 22nd. They issued an “overweight” rating and a $300.00 price objective for the company. Finally, Bank of America upped their target price on Constellation Brands from $290.00 to $300.00 and gave the company a “buy” rating in a report on Monday, March 18th. Four research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $290.37.

View Our Latest Report on Constellation Brands

Constellation Brands Trading Up 0.6 %

NYSE STZ opened at $267.47 on Wednesday. The firm has a market capitalization of $48.90 billion, a P/E ratio of 31.65, a PEG ratio of 1.89 and a beta of 0.97. The business has a fifty day simple moving average of $254.01 and a 200 day simple moving average of $246.45. Constellation Brands, Inc. has a 12 month low of $217.05 and a 12 month high of $273.65. The company has a current ratio of 1.05, a quick ratio of 0.46 and a debt-to-equity ratio of 1.05.

Constellation Brands (NYSE:STZGet Free Report) last released its quarterly earnings results on Friday, January 5th. The company reported $3.19 EPS for the quarter, beating analysts’ consensus estimates of $3.03 by $0.16. Constellation Brands had a return on equity of 23.35% and a net margin of 14.76%. The business had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.54 billion. During the same period in the prior year, the firm posted $2.83 EPS. Constellation Brands’s quarterly revenue was up 1.4% compared to the same quarter last year. On average, analysts predict that Constellation Brands, Inc. will post 11.92 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Thursday, February 8th were given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend was Wednesday, February 7th. Constellation Brands’s dividend payout ratio is presently 42.13%.

Insider Activity

In other news, major shareholder Family Foundation Sands sold 354,616 shares of the firm’s stock in a transaction on Monday, January 8th. The stock was sold at an average price of $250.26, for a total transaction of $88,746,200.16. Following the completion of the sale, the insider now directly owns 54,461 shares of the company’s stock, valued at approximately $13,629,409.86. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 16.19% of the company’s stock.

About Constellation Brands

(Free Report)

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.

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Institutional Ownership by Quarter for Constellation Brands (NYSE:STZ)

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