Headlands Technologies LLC Invests $279,000 in Constellation Brands, Inc. (NYSE:STZ)

Headlands Technologies LLC purchased a new stake in Constellation Brands, Inc. (NYSE:STZ) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,263 shares of the company’s stock, valued at approximately $279,000.

Several other hedge funds have also recently bought and sold shares of STZ. Vanguard Group Inc. increased its position in shares of Constellation Brands by 13.3% during the 4th quarter. Vanguard Group Inc. now owns 15,534,787 shares of the company’s stock worth $3,433,188,000 after purchasing an additional 1,821,969 shares in the last quarter. State Street Corp grew its stake in Constellation Brands by 6.0% during the third quarter. State Street Corp now owns 7,144,428 shares of the company’s stock worth $1,841,048,000 after buying an additional 402,211 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Constellation Brands by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 3,204,003 shares of the company’s stock valued at $705,844,000 after acquiring an additional 63,323 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Constellation Brands by 13.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,176,095 shares of the company’s stock worth $482,919,000 after acquiring an additional 253,445 shares in the last quarter. Finally, Norges Bank bought a new stake in Constellation Brands during the 4th quarter worth approximately $445,883,000. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on the company. StockNews.com lowered Constellation Brands from a “hold” rating to a “sell” rating in a research note on Friday, March 14th. Citigroup cut shares of Constellation Brands from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $260.00 to $200.00 in a research report on Thursday, March 20th. Piper Sandler downgraded shares of Constellation Brands from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $245.00 to $200.00 in a research note on Monday, February 3rd. Roth Mkm decreased their price target on shares of Constellation Brands from $284.00 to $256.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Barclays dropped their price objective on shares of Constellation Brands from $205.00 to $203.00 and set an “overweight” rating for the company in a research report on Thursday, March 27th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Constellation Brands has an average rating of “Hold” and an average price target of $244.32.

Insiders Place Their Bets

In other news, Director William T. Giles acquired 1,000 shares of Constellation Brands stock in a transaction dated Friday, January 17th. The stock was bought at an average cost 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 of the company’s stock, valued at approximately $272,688.57. This represents a 215.98 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 12.19% of the company’s stock.

Constellation Brands Stock Down 4.2 %

NYSE:STZ opened at $173.79 on Friday. Constellation Brands, Inc. has a 1 year low of $160.46 and a 1 year high of $274.87. The stock has a 50-day moving average price of $177.14 and a two-hundred day moving average price of $212.55. The stock has a market cap of $31.41 billion, a price-to-earnings ratio of 46.72, a PEG ratio of 1.52 and a beta of 1.75. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26.

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

Constellation Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date was Friday, February 7th. Constellation Brands’s dividend payout ratio (DPR) is presently 108.60%.

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.