Aureus Asset Management LLC Lowers Position in Constellation Brands, Inc. (NYSE:STZ)

Aureus Asset Management LLC trimmed its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 4.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,251 shares of the company’s stock after selling 722 shares during the quarter. Aureus Asset Management LLC’s holdings in Constellation Brands were worth $3,672,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Manning & Napier Advisors LLC purchased a new position in Constellation Brands during the 2nd quarter worth $119,394,000. Empowered Funds LLC boosted its holdings in Constellation Brands by 318.8% during the 3rd quarter. Empowered Funds LLC now owns 10,184 shares of the company’s stock worth $2,624,000 after acquiring an additional 7,752 shares during the last quarter. Signature Estate & Investment Advisors LLC purchased a new position in Constellation Brands during the 3rd quarter worth $2,132,000. WealthPlan Investment Management LLC boosted its holdings in Constellation Brands by 29.5% during the 3rd quarter. WealthPlan Investment Management LLC now owns 30,160 shares of the company’s stock worth $7,772,000 after acquiring an additional 6,867 shares during the last quarter. Finally, Swedbank AB purchased a new position in Constellation Brands during the 1st quarter worth $561,000. 77.34% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP James A. Jr. Sabia sold 36,086 shares of the business’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $242.99, for a total transaction of $8,768,537.14. Following the completion of the transaction, the executive vice president now owns 16,042 shares of the company’s stock, valued at approximately $3,898,045.58. The trade was a 69.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Wildstar Partners Llc sold 660 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $241.00, for a total value of $159,060.00. Following the transaction, the insider now directly owns 1,736,884 shares of the company’s stock, valued at $418,589,044. The trade was a 0.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 189,956 shares of company stock worth $46,058,091 over the last ninety days. Company insiders own 12.19% of the company’s stock.

Constellation Brands Trading Up 2.1 %

Shares of STZ opened at $240.95 on Monday. The business’s 50-day moving average price is $241.72 and its 200-day moving average price is $246.71. Constellation Brands, Inc. has a twelve month low of $224.76 and a twelve month high of $274.87. The stock has a market cap of $43.75 billion, a PE ratio of 77.98, a P/E/G ratio of 1.70 and a beta of 0.90. The company has a quick ratio of 0.53, a current ratio of 1.25 and a debt-to-equity ratio of 1.31.

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

Constellation Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Tuesday, November 5th were given a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend was Tuesday, November 5th. Constellation Brands’s dividend payout ratio is presently 130.74%.

Wall Street Analysts Forecast Growth

STZ has been the topic of a number of analyst reports. Truist Financial cut their price objective on shares of Constellation Brands from $265.00 to $255.00 and set a “hold” rating on the stock in a report on Friday, October 4th. Evercore ISI cut their price objective on shares of Constellation Brands from $310.00 to $300.00 and set an “outperform” rating on the stock in a report on Friday, October 4th. UBS Group lowered their target price on Constellation Brands from $320.00 to $295.00 and set a “buy” rating on the stock in a research note on Monday, September 9th. BNP Paribas started coverage on Constellation Brands in a research note on Monday, November 25th. They set a “neutral” rating and a $261.00 target price on the stock. Finally, Barclays lowered their target price on Constellation Brands from $309.00 to $300.00 and set an “overweight” rating on the stock in a research note on Monday, October 7th. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, Constellation Brands currently has an average rating of “Moderate Buy” and an average target price of $289.16.

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.