UniSuper Management Pty Ltd Has $1.56 Million Holdings in Constellation Brands, Inc. (NYSE:STZ)

UniSuper Management Pty Ltd lifted its stake in Constellation Brands, Inc. (NYSE:STZ) by 285.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,722 shares of the company’s stock after buying an additional 4,239 shares during the period. UniSuper Management Pty Ltd’s holdings in Constellation Brands were worth $1,555,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of STZ. Orion Portfolio Solutions LLC increased its stake in shares of Constellation Brands by 1.1% in the 1st quarter. Orion Portfolio Solutions LLC now owns 3,676 shares of the company’s stock valued at $999,000 after buying an additional 39 shares during the period. Capital Advisors Ltd. LLC boosted its position in shares of Constellation Brands by 16.5% in the 1st quarter. Capital Advisors Ltd. LLC now owns 290 shares of the company’s stock worth $79,000 after purchasing an additional 41 shares during the last quarter. 1620 Investment Advisors Inc. boosted its position in shares of Constellation Brands by 1.8% in the 4th quarter. 1620 Investment Advisors Inc. now owns 2,352 shares of the company’s stock worth $569,000 after purchasing an additional 42 shares during the last quarter. FAS Wealth Partners Inc. boosted its position in shares of Constellation Brands by 3.5% in the 4th quarter. FAS Wealth Partners Inc. now owns 1,277 shares of the company’s stock worth $309,000 after purchasing an additional 43 shares during the last quarter. Finally, Smithfield Trust Co boosted its position in shares of Constellation Brands by 5.3% in the 4th quarter. Smithfield Trust Co now owns 854 shares of the company’s stock worth $207,000 after purchasing an additional 43 shares during the last quarter. 77.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

STZ has been the topic of several recent research reports. Roth Mkm reduced their price target on Constellation Brands from $305.00 to $303.00 and set a “buy” rating on the stock in a research report on Friday, July 5th. UBS Group raised their price target on Constellation Brands from $315.00 to $320.00 and gave the stock a “buy” rating in a research report on Friday, July 5th. Evercore ISI lifted their target price on Constellation Brands from $300.00 to $310.00 and gave the stock an “outperform” rating in a report on Friday, April 12th. Truist Financial reiterated a “hold” rating and set a $265.00 target price on shares of Constellation Brands in a report on Wednesday, July 3rd. Finally, Jefferies Financial Group lifted their target price on Constellation Brands from $310.00 to $311.00 and gave the stock a “buy” rating in a report on Friday, July 5th. Three analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, Constellation Brands presently has an average rating of “Moderate Buy” and a consensus target price of $300.53.

Constellation Brands Stock Up 0.4 %

Shares of STZ traded up $0.90 during midday trading on Wednesday, hitting $246.88. The stock had a trading volume of 958,511 shares, compared to its average volume of 1,210,549. The company has a 50 day simple moving average of $253.13 and a two-hundred day simple moving average of $255.15. Constellation Brands, Inc. has a twelve month low of $227.50 and a twelve month high of $274.87. The firm has a market cap of $44.99 billion, a price-to-earnings ratio of 18.39, a price-to-earnings-growth ratio of 1.60 and a beta of 0.87. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.19 and a quick ratio of 0.53.

Constellation Brands (NYSE:STZ) last released its earnings results 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. The business had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.67 billion. Constellation Brands had a return on equity of 23.72% and a net margin of 22.70%. Constellation Brands’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.91 earnings per share. On average, analysts anticipate that Constellation Brands, Inc. will post 13.57 EPS for the current year.

Constellation Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Wednesday, August 14th will be given a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend is Wednesday, August 14th. Constellation Brands’s dividend payout ratio is currently 30.10%.

Insider Activity at Constellation Brands

In related news, EVP Kaneenat Kristann Carey sold 977 shares of Constellation Brands stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $261.00, for a total value of $254,997.00. Following the sale, the executive vice president now owns 2,706 shares of the company’s stock, valued at $706,266. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Constellation Brands news, EVP Kaneenat Kristann Carey sold 977 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $261.00, for a total transaction of $254,997.00. Following the transaction, the executive vice president now owns 2,706 shares of the company’s stock, valued at $706,266. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO William A. Newlands sold 25,000 shares of the business’s stock in a transaction that occurred 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 directly owns 14,700 shares in the company, valued at approximately $3,844,638. The disclosure for this sale can be found here. Over the last quarter, insiders have 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.