Private Trust Co. NA Buys 306 Shares of Constellation Brands, Inc. (NYSE:STZ)

Private Trust Co. NA grew its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 2.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,533 shares of the company’s stock after purchasing an additional 306 shares during the quarter. Private Trust Co. NA’s holdings in Constellation Brands were worth $2,972,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in STZ. Industrial Alliance Investment Management Inc. lifted its stake in shares of Constellation Brands by 4.4% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 1,049 shares of the company’s stock worth $285,000 after buying an additional 44 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in Constellation Brands by 12.0% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 9,105 shares of the company’s stock valued at $2,288,000 after buying an additional 974 shares in the last quarter. California State Teachers Retirement System increased its position in Constellation Brands by 1.8% during the 1st quarter. California State Teachers Retirement System now owns 284,224 shares of the company’s stock worth $77,241,000 after buying an additional 5,111 shares during the period. Tidal Investments LLC lifted its holdings in shares of Constellation Brands by 51.5% during the first quarter. Tidal Investments LLC now owns 14,557 shares of the company’s stock worth $3,957,000 after buying an additional 4,949 shares in the last quarter. Finally, Coppell Advisory Solutions Corp. bought a new stake in shares of Constellation Brands in the first quarter valued at about $282,000. Institutional investors own 77.34% of the company’s stock.

Constellation Brands Trading Up 0.6 %

Shares of STZ stock opened at $241.12 on Monday. The company has a quick ratio of 0.53, a current ratio of 1.25 and a debt-to-equity ratio of 1.31. The firm has a market capitalization of $43.78 billion, a P/E ratio of 77.92, a P/E/G ratio of 1.69 and a beta of 1.75. Constellation Brands, Inc. has a twelve month low of $224.76 and a twelve month high of $274.87. The stock’s fifty day simple moving average is $243.04 and its 200 day simple moving average is $247.41.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Thursday, October 3rd. The company reported $4.32 earnings per share (EPS) 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 company had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.95 billion. During the same quarter in the prior year, the firm posted $3.70 earnings per share. The firm’s revenue was up 2.9% compared to the same quarter last year. As a group, sell-side analysts predict that Constellation Brands, Inc. will post 13.57 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.68%. Constellation Brands’s dividend payout ratio (DPR) is 130.74%.

Analyst Upgrades and Downgrades

STZ has been the subject of a number of recent research reports. Morgan Stanley cut their price objective on shares of Constellation Brands from $305.00 to $280.00 and set an “overweight” rating for the company in a report on Monday, August 26th. BNP Paribas started coverage on Constellation Brands in a research note on Monday. They issued a “neutral” rating and a $261.00 price target for the company. Evercore ISI lowered their price objective on Constellation Brands from $310.00 to $300.00 and set an “outperform” rating on the stock in a research note on Friday, October 4th. UBS Group reduced their target price on Constellation Brands from $320.00 to $295.00 and set a “buy” rating on the stock in a report on Monday, September 9th. Finally, Bank of America reaffirmed a “neutral” rating and issued a $255.00 price target (down previously from $300.00) on shares of Constellation Brands in a research note on Monday, October 7th. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $288.83.

Insider Transactions at Constellation Brands

In other news, CEO William A. Newlands sold 7,426 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $237.24, for a total value of $1,761,744.24. Following the transaction, the chief executive officer now owns 7,274 shares in the company, valued at $1,725,683.76. The trade was a 50.52 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction of $159,060.00. Following the completion of the transaction, the insider now owns 1,736,884 shares in the company, 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 189,956 shares of company stock valued at $46,058,091 in the last 90 days. 12.19% of the stock is currently owned by corporate insiders.

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.