Gilbert & Cook Inc. Has $1.18 Million Stock Holdings in Constellation Brands, Inc. (NYSE:STZ)

Gilbert & Cook Inc. cut its position in Constellation Brands, Inc. (NYSE:STZ) by 2.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,560 shares of the company’s stock after selling 123 shares during the period. Gilbert & Cook Inc.’s holdings in Constellation Brands were worth $1,175,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of STZ. New Millennium Group LLC acquired a new stake in shares of Constellation Brands during the second quarter worth $25,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Constellation Brands during the second quarter worth $29,000. Horizon Bancorp Inc. IN acquired a new stake in shares of Constellation Brands during the second quarter worth $32,000. Opal Wealth Advisors LLC acquired a new stake in shares of Constellation Brands during the second quarter worth $36,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of Constellation Brands during the second quarter worth $36,000. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Constellation Brands news, Director Robert Sands sold 119,274 shares of Constellation Brands stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $242.37, for a total value of $28,908,439.38. Following the completion of the sale, the director now owns 431,729 shares in the company, valued at $104,638,157.73. The trade was a 21.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Samuel J. Glaetzer sold 1,510 shares of Constellation Brands stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $245.57, for a total transaction of $370,810.70. Following the completion of the sale, the executive vice president now owns 4,970 shares of the company’s stock, valued at $1,220,482.90. This trade represents a 23.30 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 189,296 shares of company stock valued at $45,899,031. Company insiders own 12.19% of the company’s stock.

Constellation Brands Stock Performance

Shares of STZ opened at $237.51 on Friday. The firm has a 50-day moving average of $244.13 and a 200-day moving average of $248.05. Constellation Brands, Inc. has a one year low of $224.76 and a one year high of $274.87. The company has a market cap of $43.12 billion, a PE ratio of 76.86, a price-to-earnings-growth ratio of 1.68 and a beta of 0.90. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.25 and a quick ratio of 0.53.

Constellation Brands (NYSE:STZ) last announced its earnings results on Thursday, October 3rd. The company reported $4.32 EPS for the quarter, topping the consensus estimate of $4.08 by $0.24. The business had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.95 billion. Constellation Brands had a net margin of 5.29% and a return on equity of 25.34%. Constellation Brands’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.70 EPS. As a group, equities analysts forecast that Constellation Brands, Inc. will post 13.57 earnings per share for the current year.

Constellation Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Tuesday, November 5th will be issued a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 1.70%. The ex-dividend date is Tuesday, November 5th. Constellation Brands’s payout ratio is 130.74%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on STZ. BMO Capital Markets dropped their price objective on shares of Constellation Brands from $315.00 to $305.00 and set an “outperform” rating on the stock in a report on Tuesday, October 15th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $308.00 target price on shares of Constellation Brands in a research report on Friday, October 4th. Morgan Stanley decreased their target price on shares of Constellation Brands from $305.00 to $280.00 and set an “overweight” rating for the company in a research report on Monday, August 26th. Truist Financial decreased their target price on shares of Constellation Brands from $265.00 to $255.00 and set a “hold” rating for the company in a research report on Friday, October 4th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Constellation Brands from $307.00 to $293.00 and set an “overweight” rating for the company in a research report on Friday, October 4th. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Constellation Brands has a consensus rating of “Moderate Buy” and an average price target of $290.47.

Constellation Brands 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.