Capital International Ltd. CA Invests $921,000 in Constellation Brands Inc $STZ

Capital International Ltd. CA purchased a new position in shares of Constellation Brands Inc (NYSE:STZ) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 6,679 shares of the company’s stock, valued at approximately $921,000.

A number of other hedge funds also recently modified their holdings of the business. Capital International Inc. CA raised its position in shares of Constellation Brands by 48.1% during the fourth quarter. Capital International Inc. CA now owns 185,479 shares of the company’s stock worth $25,589,000 after purchasing an additional 60,218 shares during the period. Capital International Investors raised its position in shares of Constellation Brands by 48.5% during the fourth quarter. Capital International Investors now owns 6,442,600 shares of the company’s stock worth $888,930,000 after purchasing an additional 2,105,546 shares during the period. Capital Group Private Client Services Inc. raised its position in shares of Constellation Brands by 447.3% during the fourth quarter. Capital Group Private Client Services Inc. now owns 11,171 shares of the company’s stock worth $1,541,000 after purchasing an additional 9,130 shares during the period. Capital Group Investment Management PTE. LTD. acquired a new stake in shares of Constellation Brands during the fourth quarter worth about $1,858,000. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Constellation Brands during the fourth quarter worth about $88,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

Constellation Brands Stock Up 0.1%

NYSE:STZ opened at $141.11 on Monday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.55 and a current ratio of 1.08. The company has a market cap of $24.30 billion, a PE ratio of 14.71, a PEG ratio of 3.26 and a beta of 0.39. Constellation Brands Inc has a 52-week low of $126.45 and a 52-week high of $178.13. The stock has a 50-day simple moving average of $150.69 and a 200 day simple moving average of $149.53.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings data on Wednesday, April 8th. The company reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.71 by $0.19. The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.84 billion. Constellation Brands had a return on equity of 26.18% and a net margin of 17.29%.Constellation Brands’s quarterly revenue was down 11.3% on a year-over-year basis. During the same period last year, the company earned $2.63 earnings per share. On average, sell-side analysts expect that Constellation Brands Inc will post 11.87 EPS for the current fiscal year.

Constellation Brands Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Wednesday, April 29th were paid a $1.03 dividend. This is a positive change from Constellation Brands’s previous quarterly dividend of $1.02. This represents a $4.12 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Wednesday, April 29th. Constellation Brands’s dividend payout ratio is 42.96%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on STZ. Morgan Stanley raised their price target on Constellation Brands from $160.00 to $183.00 and gave the stock an “equal weight” rating in a research report on Friday, April 10th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Constellation Brands in a report on Monday, May 4th. UBS Group increased their price objective on Constellation Brands from $176.00 to $186.00 and gave the stock a “buy” rating in a report on Friday, April 10th. TD Cowen upgraded Constellation Brands from a “hold” rating to a “buy” rating and increased their price objective for the stock from $142.00 to $190.00 in a report on Monday, April 13th. Finally, Citigroup reiterated a “buy” rating on shares of Constellation Brands in a report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Constellation Brands presently has a consensus rating of “Moderate Buy” and a consensus target price of $175.26.

Insiders Place Their Bets

In other Constellation Brands news, EVP James O. Bourdeau sold 4,407 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $143.24, for a total value of $631,258.68. Following the completion of the transaction, the executive vice president directly owned 9,109 shares in the company, valued at $1,304,773.16. This trade represents a 32.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 12.45% of the stock is currently owned by corporate insiders.

About Constellation Brands

Constellation Brands, Inc is a leading producer and marketer of beer, wine and spirits, with operations spanning production, importation, marketing and distribution. The company’s beverage portfolio includes a range of premium and mainstream wines and spirits alongside major imported beer brands; in the U.S. market Constellation is widely known for its role in bringing Mexican imports such as Corona and Modelo to American consumers. Constellation supplies retail, on‑premise and foodservice channels and supports its brands with national sales and marketing platforms and supply‑chain capabilities.

The company traces its roots to the Canandaigua Wine Company, founded by Marvin Sands in 1945, and evolved through organic growth and acquisition into a diversified beverage company.