Capital International Sarl Has $2.84 Million Stock Holdings in Constellation Brands, Inc. (NYSE:STZ)

Capital International Sarl grew its position in Constellation Brands, Inc. (NYSE:STZ) by 35.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,462 shares of the company’s stock after purchasing an additional 2,764 shares during the period. Capital International Sarl’s holdings in Constellation Brands were worth $2,843,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in STZ. BKM Wealth Management LLC acquired a new position in Constellation Brands during the 4th quarter worth about $28,000. YHB Investment Advisors Inc. acquired a new position in Constellation Brands during the 1st quarter worth about $35,000. Kapitalo Investimentos Ltda acquired a new position in Constellation Brands during the 4th quarter worth about $35,000. First Financial Corp IN acquired a new position in Constellation Brands during the 1st quarter worth about $35,000. Finally, Turtle Creek Wealth Advisors LLC acquired a new position in Constellation Brands during the 4th quarter worth about $37,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

Constellation Brands Stock Up 1.6 %

NYSE STZ traded up $4.10 during trading hours on Friday, reaching $253.48. 844,616 shares of the company’s stock were exchanged, compared to its average volume of 1,206,905. The company’s 50-day moving average is $252.86 and its two-hundred day moving average is $255.08. Constellation Brands, Inc. has a one year low of $227.50 and a one year high of $274.87. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.53 and a current ratio of 1.19. The company has a market capitalization of $46.19 billion, a price-to-earnings ratio of 18.89, a price-to-earnings-growth ratio of 1.63 and a beta of 0.87.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings results on Wednesday, July 3rd. The company reported $3.57 earnings per share for the quarter, topping the consensus estimate of $3.46 by $0.11. The company had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.67 billion. Constellation Brands had a net margin of 22.70% and a return on equity of 23.72%. The business’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period last year, the business earned $2.91 EPS. On average, analysts forecast that Constellation Brands, Inc. will post 13.57 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Wednesday, August 14th will be issued a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Wednesday, August 14th. Constellation Brands’s payout ratio is presently 30.10%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on STZ. Royal Bank of Canada reiterated an “outperform” rating and set a $308.00 price target on shares of Constellation Brands in a research report on Tuesday, May 28th. Evercore ISI upped their target price on shares of Constellation Brands from $300.00 to $310.00 and gave the company an “outperform” rating in a research report on Friday, April 12th. BMO Capital Markets restated an “outperform” rating and set a $315.00 target price on shares of Constellation Brands in a research report on Friday, July 5th. Wedbush restated an “outperform” rating and set a $300.00 target price on shares of Constellation Brands in a research report on Wednesday, April 10th. Finally, Roth Mkm cut their target price on shares of Constellation Brands from $305.00 to $303.00 and set a “buy” rating on the stock in a research report on Friday, July 5th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $300.28.

Insider Activity

In other Constellation Brands news, CEO William A. Newlands sold 25,000 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $261.54, for a total transaction of $6,538,500.00. Following the completion of the sale, the chief executive officer now owns 14,700 shares of the company’s stock, valued at approximately $3,844,638. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Constellation Brands news, EVP Michael Mcgrew sold 3,237 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $255.50, for a total transaction of $827,053.50. Following the transaction, the executive vice president now owns 1,731 shares in the company, valued at approximately $442,270.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO William A. Newlands sold 25,000 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $261.54, for a total value of $6,538,500.00. Following the transaction, the chief executive officer now owns 14,700 shares in the company, valued at approximately $3,844,638. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,214 shares of company stock valued at $7,620,551. 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.