Meiji Yasuda Life Insurance Co Has $1.05 Million Holdings in Constellation Brands, Inc. (NYSE:STZ)

Meiji Yasuda Life Insurance Co cut its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 1.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,096 shares of the company’s stock after selling 66 shares during the period. Meiji Yasuda Life Insurance Co’s holdings in Constellation Brands were worth $1,054,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. New Millennium Group LLC bought a new position in Constellation Brands during the second quarter valued at approximately $25,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Constellation Brands during the 2nd quarter valued at $29,000. Horizon Bancorp Inc. IN acquired a new stake in shares of Constellation Brands in the 2nd quarter valued at $32,000. YHB Investment Advisors Inc. bought a new stake in Constellation Brands in the first quarter worth $35,000. Finally, Kapitalo Investimentos Ltda bought a new position in Constellation Brands during the fourth quarter valued at about $35,000. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on STZ. Roth Mkm decreased their price target on Constellation Brands from $303.00 to $298.00 and set a “buy” rating for the company in a research note on Wednesday, September 4th. UBS Group lowered their price target on Constellation Brands from $320.00 to $295.00 and set a “buy” rating on the stock in a report on Monday, September 9th. Truist Financial reissued a “hold” rating and issued a $265.00 price target on shares of Constellation Brands in a research report on Wednesday, July 3rd. Jefferies Financial Group upped their price objective on shares of Constellation Brands from $310.00 to $311.00 and gave the stock a “buy” rating in a report on Friday, July 5th. Finally, Morgan Stanley dropped their target price on shares of Constellation Brands from $305.00 to $280.00 and set an “overweight” rating on the stock in a report on Monday, August 26th. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $296.78.

Constellation Brands Stock Performance

Shares of NYSE STZ opened at $251.00 on Thursday. The firm has a market capitalization of $45.93 billion, a price-to-earnings ratio of 18.70, a PEG ratio of 1.69 and a beta of 1.75. Constellation Brands, Inc. has a one year low of $227.50 and a one year high of $274.87. The business has a fifty day simple moving average of $245.88 and a 200 day simple moving average of $253.94. The company has a current ratio of 1.19, a quick ratio of 0.53 and a debt-to-equity ratio of 1.06.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Wednesday, July 3rd. The company reported $3.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.46 by $0.11. Constellation Brands had a net margin of 22.70% and a return on equity of 23.72%. The company had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.67 billion. During the same quarter in the prior year, the company posted $2.91 EPS. The business’s revenue was up 5.8% on a year-over-year basis. Sell-side analysts expect that Constellation Brands, Inc. will post 13.53 EPS for the current year.

Constellation Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Wednesday, August 14th were paid a $1.01 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $4.04 annualized dividend and a dividend yield of 1.61%. Constellation Brands’s dividend payout ratio is currently 30.10%.

Insider Transactions at Constellation Brands

In related news, CFO Garth Hankinson sold 13,583 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $240.00, for a total value of $3,259,920.00. Following the sale, the chief financial officer now owns 11,702 shares of the company’s stock, valued at approximately $2,808,480. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CFO Garth Hankinson sold 13,583 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $240.00, for a total value of $3,259,920.00. Following the sale, the chief financial officer now owns 11,702 shares in the company, valued at approximately $2,808,480. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kaneenat Kristann Carey sold 977 shares of the stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $261.00, for a total transaction of $254,997.00. Following the sale, the executive vice president now owns 2,706 shares of the company’s stock, valued at approximately $706,266. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,414 shares of company stock valued at $3,982,922. Corporate 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.