Dynamic Technology Lab Private Ltd Purchases 2,111 Shares of Constellation Brands, Inc. (NYSE:STZ)

Dynamic Technology Lab Private Ltd increased its holdings in Constellation Brands, Inc. (NYSE:STZ) by 36.8% in the third quarter, Holdings Channel.com reports. The firm owned 7,852 shares of the company’s stock after acquiring an additional 2,111 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Constellation Brands were worth $2,023,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Oakworth Capital Inc. grew its stake in shares of Constellation Brands by 4.4% during the 3rd quarter. Oakworth Capital Inc. now owns 989 shares of the company’s stock valued at $255,000 after acquiring an additional 42 shares during the period. PFG Investments LLC boosted its position in shares of Constellation Brands by 3.8% during the third quarter. PFG Investments LLC now owns 1,150 shares of the company’s stock valued at $296,000 after buying an additional 42 shares during the period. Brighton Jones LLC increased its position in shares of Constellation Brands by 4.7% during the second quarter. Brighton Jones LLC now owns 950 shares of the company’s stock worth $244,000 after acquiring an additional 43 shares during the period. Industrial Alliance Investment Management Inc. lifted its position in shares of Constellation Brands by 4.4% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 1,049 shares of the company’s stock worth $285,000 after purchasing an additional 44 shares during the period. Finally, Burns Matteson Capital Management LLC grew its stake in Constellation Brands by 1.5% in the second quarter. Burns Matteson Capital Management LLC now owns 2,910 shares of the company’s stock valued at $749,000 after purchasing an additional 44 shares during the last quarter. Institutional investors own 77.34% of the company’s stock.

Constellation Brands Trading Up 0.8 %

Shares of NYSE STZ opened at $241.67 on Tuesday. 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, Inc. has a fifty-two week low of $224.76 and a fifty-two week high of $274.87. The firm has a market capitalization of $43.88 billion, a P/E ratio of 78.21, a P/E/G ratio of 1.69 and a beta of 1.75. The company’s 50 day simple moving average is $242.80 and its 200 day simple moving average is $247.27.

Constellation Brands (NYSE:STZ) last posted 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. The business had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.95 billion. Constellation Brands had a return on equity of 25.34% and a net margin of 5.29%. Constellation Brands’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period last year, the company earned $3.70 earnings per share. On average, analysts predict that Constellation Brands, Inc. will post 13.57 EPS for the current year.

Constellation Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Tuesday, November 5th were issued a $1.01 dividend. The ex-dividend date was Tuesday, November 5th. This represents a $4.04 annualized dividend and a yield of 1.67%. Constellation Brands’s dividend payout ratio is presently 130.74%.

Insiders Place Their Bets

In other Constellation Brands news, CEO William A. Newlands sold 25,000 shares of the business’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $243.58, for a total transaction of $6,089,500.00. Following the completion of the sale, the chief executive officer now owns 7,274 shares in the company, valued at approximately $1,771,800.92. The trade was a 77.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Wildstar Partners Llc sold 660 shares of Constellation Brands 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 transaction, the insider now owns 1,736,884 shares of the company’s stock, valued at $418,589,044. This trade represents a 0.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 189,956 shares of company stock worth $46,058,091 over the last ninety days. Corporate insiders own 12.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on STZ shares. Barclays decreased their price target on shares of Constellation Brands from $309.00 to $300.00 and set an “overweight” rating for the company in a report on Monday, October 7th. BNP Paribas started coverage on shares of Constellation Brands in a research note on Monday. They set a “neutral” rating and a $261.00 target price on the stock. Evercore ISI cut their price target on shares of Constellation Brands from $310.00 to $300.00 and set an “outperform” rating for the company in a report on Friday, October 4th. Morgan Stanley lowered their price target on Constellation Brands from $305.00 to $280.00 and set an “overweight” rating for the company in a research report on Monday, August 26th. Finally, BMO Capital Markets decreased their price objective on Constellation Brands from $315.00 to $305.00 and set an “outperform” rating for the company in a research note on Tuesday, October 15th. Five equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $288.83.

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.