Constellation Brands, Inc. (NYSE:STZ) Stock Holdings Lessened by D.B. Root & Company LLC

D.B. Root & Company LLC cut its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 39.3% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,058 shares of the company’s stock after selling 685 shares during the period. D.B. Root & Company LLC’s holdings in Constellation Brands were worth $273,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Manning & Napier Advisors LLC purchased a new stake in shares of Constellation Brands during the 2nd quarter worth about $119,394,000. Vanguard Group Inc. raised its position in Constellation Brands by 3.5% during the first quarter. Vanguard Group Inc. now owns 13,705,793 shares of the company’s stock valued at $3,724,686,000 after acquiring an additional 462,891 shares in the last quarter. Capital International Sarl lifted its stake in Constellation Brands by 35.9% in the first quarter. Capital International Sarl now owns 10,462 shares of the company’s stock valued at $2,843,000 after acquiring an additional 2,764 shares during the last quarter. Clearbridge Investments LLC grew its position in Constellation Brands by 1.1% in the first quarter. Clearbridge Investments LLC now owns 503,058 shares of the company’s stock worth $136,711,000 after acquiring an additional 5,302 shares in the last quarter. Finally, Sei Investments Co. increased its stake in shares of Constellation Brands by 4.1% during the 1st quarter. Sei Investments Co. now owns 176,403 shares of the company’s stock worth $47,939,000 after purchasing an additional 6,924 shares during the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.

Insider Activity at Constellation Brands

In other Constellation Brands news, CEO William A. Newlands sold 7,426 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $237.24, for a total transaction of $1,761,744.24. Following the completion of the transaction, the chief executive officer now owns 7,274 shares in the company, valued at $1,725,683.76. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, EVP Samuel J. Glaetzer sold 1,510 shares of the company’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $245.57, for a total value of $370,810.70. Following the sale, the executive vice president now owns 4,970 shares of the company’s stock, valued at approximately $1,220,482.90. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William A. Newlands sold 7,426 shares of Constellation Brands stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $237.24, for a total transaction of $1,761,744.24. Following the transaction, the chief executive officer now directly owns 7,274 shares of the company’s stock, valued at $1,725,683.76. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 128,210 shares of company stock valued at $31,040,994 over the last quarter. 12.19% of the stock is owned by company insiders.

Constellation Brands Trading Up 1.6 %

Shares of STZ opened at $233.28 on Friday. The stock’s 50-day moving average price is $245.09 and its 200 day moving average price is $249.15. The company has a quick ratio of 0.53, a current ratio of 1.25 and a debt-to-equity ratio of 1.31. The firm has a market capitalization of $42.35 billion, a price-to-earnings ratio of 75.81, a P/E/G ratio of 1.69 and a beta of 0.90. Constellation Brands, Inc. has a 12-month low of $224.76 and a 12-month high of $274.87.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Thursday, October 3rd. The company reported $4.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.08 by $0.24. The business had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.95 billion. Constellation Brands had a return on equity of 25.34% and a net margin of 5.29%. Constellation Brands’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the business posted $3.70 earnings per share. As a group, research analysts predict that Constellation Brands, Inc. will post 13.57 earnings per share for the current year.

Constellation Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Tuesday, November 5th will be issued a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date is Tuesday, November 5th. Constellation Brands’s payout ratio is 130.74%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on STZ shares. Roth Mkm reaffirmed a “buy” rating and issued a $298.00 price objective on shares of Constellation Brands in a research note on Friday, October 4th. JPMorgan Chase & Co. reduced their price target on Constellation Brands from $307.00 to $293.00 and set an “overweight” rating for the company in a research report on Friday, October 4th. BMO Capital Markets lowered their price objective on Constellation Brands from $315.00 to $305.00 and set an “outperform” rating on the stock in a report on Tuesday, October 15th. TD Cowen lowered Constellation Brands from a “buy” rating to a “hold” rating and reduced their target price for the stock from $300.00 to $270.00 in a report on Tuesday, October 8th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $308.00 price target on shares of Constellation Brands in a report on Friday, October 4th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $290.47.

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.