Constellation Brands, Inc. (NYSE:STZ) Shares Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd lifted its stake in Constellation Brands, Inc. (NYSE:STZ) by 36.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 7,852 shares of the company’s stock after acquiring an additional 2,111 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Constellation Brands were worth $2,023,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Daiwa Securities Group Inc. lifted its position in shares of Constellation Brands by 10.4% during the 3rd quarter. Daiwa Securities Group Inc. now owns 19,678 shares of the company’s stock worth $5,071,000 after purchasing an additional 1,854 shares during the last quarter. Garner Asset Management Corp raised its stake in Constellation Brands by 4.4% in the third quarter. Garner Asset Management Corp now owns 5,336 shares of the company’s stock valued at $1,375,000 after buying an additional 226 shares in the last quarter. Hartford Funds Management Co LLC raised its stake in Constellation Brands by 4.2% in the third quarter. Hartford Funds Management Co LLC now owns 1,797 shares of the company’s stock valued at $463,000 after buying an additional 72 shares in the last quarter. Summit Trail Advisors LLC lifted its holdings in Constellation Brands by 9.8% during the 3rd quarter. Summit Trail Advisors LLC now owns 2,925 shares of the company’s stock worth $754,000 after buying an additional 262 shares during the last quarter. Finally, Pitcairn Co. boosted its position in shares of Constellation Brands by 36.9% during the 3rd quarter. Pitcairn Co. now owns 7,052 shares of the company’s stock worth $1,817,000 after acquiring an additional 1,901 shares in the last quarter. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on STZ shares. Royal Bank of Canada restated an “outperform” rating and issued a $308.00 target price on shares of Constellation Brands in a report on Tuesday, November 19th. Morgan Stanley reduced their price target 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. Evercore ISI dropped their price objective on Constellation Brands from $310.00 to $300.00 and set an “outperform” rating on the stock in a report on Friday, October 4th. Barclays cut their target price on Constellation Brands from $309.00 to $300.00 and set an “overweight” rating on the stock in a research report on Monday, October 7th. Finally, TD Cowen cut Constellation Brands from a “buy” rating to a “hold” rating and decreased their target price for the company from $300.00 to $270.00 in a research report on Tuesday, October 8th. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $288.83.

Insider Activity

In other news, EVP James A. Jr. Sabia sold 36,086 shares of Constellation Brands stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $242.99, for a total value of $8,768,537.14. Following the completion of the transaction, the executive vice president now directly owns 16,042 shares of the company’s stock, valued at approximately $3,898,045.58. This trade represents a 69.23 % decrease in their position. The transaction 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 business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $241.00, for a total value of $159,060.00. Following the completion of the transaction, the insider now directly owns 1,736,884 shares in the company, valued at $418,589,044. This represents a 0.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 189,956 shares of company stock valued at $46,058,091. Company insiders own 12.19% of the company’s stock.

Constellation Brands Trading Up 0.8 %

Shares of NYSE:STZ opened at $241.67 on Tuesday. The stock has a market capitalization of $43.88 billion, a PE ratio of 78.21, a price-to-earnings-growth ratio of 1.69 and a beta of 1.75. Constellation Brands, Inc. has a one year low of $224.76 and a one year high of $274.87. The company’s 50-day moving average price is $242.80 and its two-hundred day moving average price is $247.27. 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 released its quarterly earnings results on Thursday, October 3rd. The company reported $4.32 EPS for the quarter, topping analysts’ consensus estimates of $4.08 by $0.24. Constellation Brands had a net margin of 5.29% and a return on equity of 25.34%. The business had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.95 billion. During the same period last year, the firm earned $3.70 earnings per share. Constellation Brands’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, equities analysts forecast that Constellation Brands, Inc. will post 13.57 EPS 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 1.67%. Constellation Brands’s dividend payout ratio is 130.74%.

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.