Private Advisor Group LLC Has $3.86 Million Holdings in Constellation Brands, Inc. (NYSE:STZ)

Private Advisor Group LLC trimmed its holdings in Constellation Brands, Inc. (NYSE:STZ) by 7.7% in the third quarter, Holdings Channel reports. The institutional investor owned 14,991 shares of the company’s stock after selling 1,250 shares during the period. Private Advisor Group LLC’s holdings in Constellation Brands were worth $3,863,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Capital Advisors Ltd. LLC lifted its position in shares of Constellation Brands by 16.5% during the 1st quarter. Capital Advisors Ltd. LLC now owns 290 shares of the company’s stock valued at $79,000 after acquiring an additional 41 shares during the period. InTrack Investment Management Inc acquired a new stake in Constellation Brands during the first quarter worth about $465,000. West Oak Capital LLC grew its stake in Constellation Brands by 1.3% during the first quarter. West Oak Capital LLC now owns 7,175 shares of the company’s stock worth $1,950,000 after buying an additional 95 shares in the last quarter. Naviter Wealth LLC bought a new position in Constellation Brands in the 1st quarter valued at about $204,000. Finally, SeaCrest Wealth Management LLC acquired a new position in shares of Constellation Brands in the 1st quarter valued at approximately $232,000. 77.34% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Constellation Brands news, CFO Garth Hankinson sold 13,583 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $240.00, for a total transaction of $3,259,920.00. Following the sale, the chief financial officer now owns 11,702 shares of the company’s stock, valued at approximately $2,808,480. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CFO Garth Hankinson sold 13,583 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $240.00, for a total transaction of $3,259,920.00. Following the completion of the sale, the chief financial officer now owns 11,702 shares of the company’s stock, valued at $2,808,480. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Samuel J. Glaetzer sold 1,510 shares of the business’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $245.57, for a total transaction of $370,810.70. Following the transaction, the executive vice president now owns 4,970 shares in the company, valued at $1,220,482.90. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 134,367 shares of company stock valued at $32,539,170 over the last quarter. Insiders own 12.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on STZ. Morgan Stanley decreased their price objective on shares of Constellation Brands from $305.00 to $280.00 and set an “overweight” rating on the stock in a research note on Monday, August 26th. Roth Mkm reiterated a “buy” rating and issued a $298.00 price target on shares of Constellation Brands in a research note on Friday, October 4th. JPMorgan Chase & Co. dropped their price objective 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. Barclays decreased 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, Truist Financial dropped their target price on shares of Constellation Brands from $265.00 to $255.00 and set a “hold” rating for the company in a report on Friday, October 4th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $290.47.

Constellation Brands Stock Performance

NYSE STZ opened at $239.38 on Monday. The company has a market capitalization of $43.80 billion, a price-to-earnings ratio of 17.84, a PEG ratio of 1.70 and a beta of 1.75. Constellation Brands, Inc. has a twelve month low of $227.64 and a twelve month high of $274.87. The stock has a fifty day simple moving average of $246.34 and a 200 day simple moving average of $250.50. 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 issued its quarterly earnings data on Thursday, October 3rd. The company reported $4.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.08 by $0.24. Constellation Brands had a return on equity of 25.34% and a net margin of 5.29%. The company had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.95 billion. During the same period last year, the company earned $3.70 earnings per share. The firm’s revenue was up 2.9% compared to the same quarter last year. Sell-side analysts expect that Constellation Brands, Inc. will post 13.57 EPS for the current year.

Constellation Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Tuesday, November 5th will be given a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend is Tuesday, November 5th. Constellation Brands’s dividend payout ratio (DPR) is presently 30.10%.

About Constellation Brands

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.