Legal & General Group Plc Has $195.66 Million Stake in Constellation Brands, Inc. (NYSE:STZ)

Legal & General Group Plc trimmed its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 29.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 885,326 shares of the company’s stock after selling 366,569 shares during the period. Legal & General Group Plc’s holdings in Constellation Brands were worth $195,657,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Mainstream Capital Management LLC acquired a new stake in Constellation Brands during the fourth quarter worth about $25,000. SBI Securities Co. Ltd. acquired a new stake in shares of Constellation Brands in the 4th quarter valued at approximately $26,000. Compagnie Lombard Odier SCmA acquired a new stake in shares of Constellation Brands in the 4th quarter valued at approximately $27,000. Union Bancaire Privee UBP SA acquired a new stake in shares of Constellation Brands in the 4th quarter valued at approximately $28,000. Finally, Versant Capital Management Inc boosted its stake in shares of Constellation Brands by 887.5% in the 4th quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock valued at $35,000 after purchasing an additional 142 shares in the last quarter. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Constellation Brands

In other Constellation Brands news, Director William T. Giles purchased 1,000 shares of Constellation Brands stock in a transaction that occurred on Friday, January 17th. The stock was acquired at an average price of $186.39 per share, with a total value of $186,390.00. Following the transaction, the director now owns 1,463 shares in the company, valued at $272,688.57. This trade represents a 215.98 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.19% of the stock is currently owned by insiders.

Constellation Brands Stock Performance

Shares of STZ stock opened at $183.66 on Thursday. The company has a market cap of $33.19 billion, a price-to-earnings ratio of 49.37, a price-to-earnings-growth 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 quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26. The firm has a 50 day moving average of $176.39 and a 200-day moving average of $209.96.

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

Analysts Set New Price Targets

STZ has been the topic of a number of research analyst reports. Needham & Company LLC reduced their price target on shares of Constellation Brands from $240.00 to $215.00 and set a “buy” rating on the stock in a research note on Thursday, March 27th. StockNews.com upgraded shares of Constellation Brands from a “sell” rating to a “hold” rating in a research note on Wednesday. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $203.00 price objective (down previously from $262.00) on shares of Constellation Brands in a report on Monday, January 13th. Truist Financial dropped their price objective on shares of Constellation Brands from $255.00 to $190.00 and set a “hold” rating for the company in a report on Tuesday, January 14th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $201.00 price objective (down previously from $310.00) on shares of Constellation Brands in a report on Monday, January 13th. Twelve investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus 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.