SBI Securities Co. Ltd. Acquires Shares of 119 Constellation Brands, Inc. (NYSE:STZ)

SBI Securities Co. Ltd. acquired a new position in shares of Constellation Brands, Inc. (NYSE:STZ) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 119 shares of the company’s stock, valued at approximately $26,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Compagnie Lombard Odier SCmA acquired a new position in shares of Constellation Brands in the fourth quarter valued at approximately $27,000. Union Bancaire Privee UBP SA bought a new stake in shares of Constellation Brands in the 4th quarter worth $28,000. Versant Capital Management Inc grew its position in Constellation Brands by 887.5% in the 4th quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock worth $35,000 after purchasing an additional 142 shares in the last quarter. Centricity Wealth Management LLC bought a new position in shares of Constellation Brands during the 4th quarter valued at approximately $35,000. Finally, Whipplewood Advisors LLC bought a new position in shares of Constellation Brands during the 4th quarter valued at approximately $36,000. Institutional investors own 77.34% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Needham & Company LLC restated a “buy” rating and set a $240.00 price target on shares of Constellation Brands in a research note on Monday, January 27th. Jefferies Financial Group reaffirmed a “hold” rating and set a $201.00 target price (down previously from $310.00) on shares of Constellation Brands in a report on Monday, January 13th. Roth Capital cut their price target on shares of Constellation Brands from $298.00 to $284.00 and set a “buy” rating on the stock in a report on Friday, January 17th. BNP Paribas initiated coverage on shares of Constellation Brands in a research report on Monday, November 25th. They issued a “neutral” rating and a $261.00 target price for the company. Finally, Evercore ISI lowered their price target on shares of Constellation Brands from $300.00 to $250.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $252.81.

Constellation Brands Stock Performance

STZ opened at $181.41 on Friday. The firm has a market cap of $32.79 billion, a P/E ratio of 48.77, a PEG ratio of 1.52 and a beta of 1.75. Constellation Brands, Inc. has a 1-year low of $160.46 and a 1-year high of $274.87. The company has a 50 day simple moving average of $181.39 and a two-hundred day simple moving average of $219.80. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings results on Friday, January 10th. The company reported $3.25 earnings per share for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.08). The firm had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.53 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The business’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.19 earnings per share. Equities analysts forecast that Constellation Brands, Inc. will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend was Friday, February 7th. Constellation Brands’s dividend payout ratio (DPR) is presently 108.60%.

Insider Transactions at Constellation Brands

In other Constellation Brands news, Director William T. Giles purchased 1,000 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The shares were bought at an average price of $186.39 per share, with a total value of $186,390.00. Following the completion of the purchase, the director now directly owns 1,463 shares in the company, valued at $272,688.57. This trade represents a 215.98 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 12.19% of the company’s stock.

Constellation Brands 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.