Bank of Montreal Can Buys 1,797 Shares of Constellation Brands, Inc. (NYSE:STZ)

Bank of Montreal Can grew its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 0.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 308,956 shares of the company’s stock after acquiring an additional 1,797 shares during the quarter. Bank of Montreal Can’s holdings in Constellation Brands were worth $68,279,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Constellation Brands by 13.3% in 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 during the period. Geode Capital Management LLC boosted its holdings in Constellation Brands by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 3,204,003 shares of the company’s stock worth $705,844,000 after acquiring an additional 63,323 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC boosted its holdings in Constellation Brands by 42.9% in the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 2,454,258 shares of the company’s stock worth $542,391,000 after acquiring an additional 736,780 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Constellation Brands by 13.2% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,176,095 shares of the company’s stock worth $482,919,000 after purchasing an additional 253,445 shares during the last quarter. Finally, Norges Bank purchased a new stake in Constellation Brands during the fourth quarter valued at $445,883,000. 77.34% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Constellation Brands

In other news, Director William T. Giles acquired 1,000 shares of the business’s stock in a transaction on Friday, January 17th. The stock was bought at an average cost of $186.39 per share, for a total transaction of $186,390.00. Following the purchase, the director now owns 1,463 shares in the company, valued at approximately $272,688.57. This represents a 215.98 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 12.19% of the stock is owned by company insiders.

Constellation Brands Stock Performance

Shares of STZ opened at $183.66 on Thursday. The stock has a 50-day moving average of $176.39 and a two-hundred day moving average of $209.96. Constellation Brands, Inc. has a one year low of $160.46 and a one year 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. The stock has a market cap of $33.19 billion, a P/E ratio of 49.37, a P/E/G ratio of 1.52 and a beta of 1.75.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Wednesday, April 9th. The company reported $2.63 earnings per share for the quarter, beating analysts’ consensus estimates of $2.28 by $0.35. The business had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.14 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The company’s revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the business posted $2.26 EPS. As a group, research analysts predict that Constellation Brands, Inc. will post 13.5 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on STZ shares. Morgan Stanley cut Constellation Brands from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $220.00 to $202.00 in a research report on Thursday, February 27th. Piper Sandler lowered Constellation Brands from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $245.00 to $200.00 in a research note on Monday, February 3rd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $203.00 price objective (down from $262.00) on shares of Constellation Brands in a research note on Monday, January 13th. Truist Financial reduced their price target on Constellation Brands from $255.00 to $190.00 and set a “hold” rating on the stock in a report on Tuesday, January 14th. Finally, Needham & Company LLC reduced their price objective on Constellation Brands from $240.00 to $215.00 and set a “buy” rating on the stock in a report on Thursday, March 27th. Twelve equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $244.32.

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.