TD Private Client Wealth LLC Purchases 1,439 Shares of Constellation Brands, Inc. (NYSE:STZ)

TD Private Client Wealth LLC raised its position in Constellation Brands, Inc. (NYSE:STZ) by 29.1% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 6,385 shares of the company’s stock after buying an additional 1,439 shares during the period. TD Private Client Wealth LLC’s holdings in Constellation Brands were worth $1,645,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. New Millennium Group LLC bought a new position in Constellation Brands in the 2nd quarter valued at $25,000. Horizon Bancorp Inc. IN bought a new position in shares of Constellation Brands in the 2nd quarter worth $32,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Constellation Brands in the 2nd quarter worth $36,000. Wellington Shields & Co. LLC boosted its position in shares of Constellation Brands by 50.0% in the 2nd quarter. Wellington Shields & Co. LLC now owns 150 shares of the company’s stock worth $39,000 after purchasing an additional 50 shares during the last quarter. Finally, Eastern Bank bought a new position in shares of Constellation Brands in the 3rd quarter worth $39,000. 77.34% of the stock is currently owned by institutional investors.

Constellation Brands Stock Down 0.2 %

NYSE STZ opened at $239.44 on Friday. Constellation Brands, Inc. has a 1-year low of $224.76 and a 1-year high of $274.87. The company has a market cap of $43.47 billion, a price-to-earnings ratio of 77.49, a PEG ratio of 1.69 and a beta of 1.75. The company has a current ratio of 1.25, a quick ratio of 0.53 and a debt-to-equity ratio of 1.31. The company has a 50 day moving average of $239.22 and a 200-day moving average of $246.12.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings results on Thursday, October 3rd. The company reported $4.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.08 by $0.24. The company 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%. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the prior year, the business earned $3.70 earnings per share. On average, equities research analysts expect that Constellation Brands, Inc. will post 13.57 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Tuesday, November 5th were paid a $1.01 dividend. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $4.04 annualized dividend and a dividend yield of 1.69%. Constellation Brands’s dividend payout ratio is 130.74%.

Insider Buying and Selling

In other Constellation Brands news, EVP Samuel J. Glaetzer sold 1,510 shares of the 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 directly owns 4,970 shares in the company, valued at approximately $1,220,482.90. This trade represents a 23.30 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Wildstar Partners Llc sold 660 shares of the 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 sale, the insider now owns 1,736,884 shares of the company’s stock, valued at approximately $418,589,044. The trade was a 0.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 189,956 shares of company stock valued at $46,058,091 over the last 90 days. 12.19% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on STZ. UBS Group reduced their price target on Constellation Brands from $320.00 to $295.00 and set a “buy” rating on the stock in a research report on Monday, September 9th. Bank of America reaffirmed a “neutral” rating and set a $255.00 price objective (down previously from $300.00) on shares of Constellation Brands in a research note on Monday, October 7th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $308.00 price objective on shares of Constellation Brands in a research note on Tuesday, November 19th. BNP Paribas began coverage on Constellation Brands in a research note on Monday, November 25th. They issued a “neutral” rating and a $261.00 price target on the stock. Finally, TD Cowen downgraded Constellation Brands from a “buy” rating to a “hold” rating and dropped their price target for the company from $300.00 to $270.00 in a research note on Tuesday, October 8th. Five research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, Constellation Brands currently has an average rating of “Moderate Buy” and a consensus price target of $288.70.

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.