Intellectus Partners LLC Sells 125 Shares of Constellation Brands, Inc. (NYSE:STZ)

Intellectus Partners LLC trimmed its position in Constellation Brands, Inc. (NYSE:STZ) by 6.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 1,729 shares of the company’s stock after selling 125 shares during the period. Intellectus Partners LLC’s holdings in Constellation Brands were worth $446,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of STZ. New Millennium Group LLC acquired a new stake in Constellation Brands during the 2nd quarter worth approximately $25,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Constellation Brands in the second quarter worth $29,000. Horizon Bancorp Inc. IN acquired a new stake in Constellation Brands in the second quarter valued at $32,000. LRI Investments LLC acquired a new stake in shares of Constellation Brands in the first quarter valued at about $37,000. Finally, Opal Wealth Advisors LLC acquired a new position in shares of Constellation Brands in the second quarter worth approximately $36,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

Insider Activity at Constellation Brands

In other news, EVP Samuel J. Glaetzer sold 1,510 shares of the company’s stock in a transaction dated Monday, October 14th. The shares were 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 owns 4,970 shares of the company’s stock, valued at $1,220,482.90. This represents a 23.30 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robert Sands sold 119,274 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $242.37, for a total transaction of $28,908,439.38. Following the sale, the director now owns 431,729 shares of the company’s stock, valued at $104,638,157.73. This trade represents a 21.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 189,296 shares of company stock valued at $45,899,031 over the last ninety days. Insiders own 12.19% of the company’s stock.

Constellation Brands Stock Down 1.9 %

NYSE:STZ opened at $237.51 on Friday. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.25 and a quick ratio of 0.53. The firm’s 50-day moving average price is $244.36 and its 200-day moving average price is $248.25. The company has a market capitalization of $43.12 billion, a PE ratio of 76.86, a P/E/G ratio of 1.70 and a beta of 0.90. Constellation Brands, Inc. has a 1-year low of $224.76 and a 1-year high of $274.87.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Thursday, October 3rd. The company reported $4.32 earnings per share (EPS) for the quarter, beating 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 business had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.95 billion. During the same quarter in the previous year, the business earned $3.70 earnings per share. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. On average, equities analysts predict that Constellation Brands, Inc. will post 13.57 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Tuesday, November 5th will be issued a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend is Tuesday, November 5th. Constellation Brands’s payout ratio is currently 130.74%.

Analyst Ratings Changes

STZ has been the topic of a number of recent analyst reports. Roth Mkm restated a “buy” rating and issued a $298.00 price target on shares of Constellation Brands in a research report on Friday, October 4th. TD Cowen lowered shares of Constellation Brands from a “buy” rating to a “hold” rating and dropped their target price for the company from $300.00 to $270.00 in a report on Tuesday, October 8th. Royal Bank of Canada reiterated an “outperform” rating and set a $308.00 price target on shares of Constellation Brands in a report on Friday, October 4th. Morgan Stanley dropped their price objective on Constellation Brands from $305.00 to $280.00 and set an “overweight” rating on the stock in a research note on Monday, August 26th. Finally, JPMorgan Chase & Co. decreased their target price on Constellation Brands from $307.00 to $293.00 and set an “overweight” rating for the company in a research note on Friday, October 4th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $290.47.

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.