43,400 Shares in Constellation Brands, Inc. (NYSE:STZ) Purchased by Madison Investment Advisors LLC

Madison Investment Advisors LLC purchased a new position in Constellation Brands, Inc. (NYSE:STZ) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 43,400 shares of the company’s stock, valued at approximately $9,591,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. State Street Corp raised its position in Constellation Brands by 6.0% in the third quarter. State Street Corp now owns 7,144,428 shares of the company’s stock worth $1,841,048,000 after purchasing an additional 402,211 shares in the last quarter. Janus Henderson Group PLC grew its stake in Constellation Brands by 1.2% during the third quarter. Janus Henderson Group PLC now owns 1,853,081 shares of the company’s stock worth $477,515,000 after buying an additional 21,454 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Constellation Brands by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,782,964 shares of the company’s stock worth $394,035,000 after buying an additional 38,786 shares during the last quarter. Van ECK Associates Corp grew its stake in Constellation Brands by 1,844.7% during the fourth quarter. Van ECK Associates Corp now owns 924,274 shares of the company’s stock worth $204,265,000 after buying an additional 876,745 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Constellation Brands during the fourth quarter worth about $105,766,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Barclays decreased their price objective on shares of Constellation Brands from $214.00 to $205.00 and set an “overweight” rating on the stock in a research note on Thursday, March 13th. Wells Fargo & Company decreased their price objective on shares of Constellation Brands from $295.00 to $275.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Piper Sandler cut shares of Constellation Brands from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $245.00 to $200.00 in a research note on Monday, February 3rd. Morgan Stanley cut shares of Constellation Brands from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $220.00 to $202.00 in a research note on Thursday, February 27th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $201.00 price target (down from $310.00) on shares of Constellation Brands in a research note on Monday, January 13th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Constellation Brands presently has a consensus rating of “Hold” and an average target price of $250.41.

Constellation Brands Price Performance

Shares of STZ stock opened at $177.73 on Friday. The firm’s 50 day moving average price is $177.32 and its two-hundred day moving average price is $217.28. The stock has a market cap of $32.12 billion, a PE ratio of 47.78, a PEG ratio of 1.52 and a beta of 1.75. Constellation Brands, Inc. has a 52-week low of $160.46 and a 52-week high of $274.87. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 1.10.

Constellation Brands (NYSE:STZ) last announced 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 for 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 company’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period in the prior year, the business earned $3.19 earnings per share. As a group, analysts forecast that Constellation Brands, Inc. will post 13.5 EPS for the current year.

Constellation Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date of this dividend was Friday, February 7th. Constellation Brands’s dividend payout ratio is currently 108.60%.

Insider Transactions at Constellation Brands

In other Constellation Brands news, Director William T. Giles purchased 1,000 shares of the company’s stock in a transaction dated 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 transaction, 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 position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 12.19% of the stock is currently owned by insiders.

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.