Trust Co. of Vermont Decreases Position in Constellation Brands, Inc. (NYSE:STZ)

Trust Co. of Vermont cut its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 0.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,355 shares of the company’s stock after selling 157 shares during the period. Trust Co. of Vermont’s holdings in Constellation Brands were worth $5,503,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in STZ. SageView Advisory Group LLC raised its position in Constellation Brands by 7.8% during the fourth quarter. SageView Advisory Group LLC now owns 949 shares of the company’s stock valued at $236,000 after purchasing an additional 69 shares during the period. Quadrature Capital Ltd bought a new position in shares of Constellation Brands during the fourth quarter valued at approximately $958,000. Kapitalo Investimentos Ltda bought a new position in shares of Constellation Brands during the fourth quarter valued at approximately $35,000. Mather Group LLC. bought a new position in shares of Constellation Brands during the first quarter valued at approximately $178,000. Finally, Banque Cantonale Vaudoise bought a new position in shares of Constellation Brands during the first quarter valued at approximately $734,000. 77.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Samuel J. Glaetzer sold 1,510 shares of the stock in a transaction on Monday, October 14th. The stock was 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 in the company, valued at approximately $1,220,482.90. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Daniel J. Mccarthy sold 1,854 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $252.43, for a total transaction of $468,005.22. Following the completion of the sale, the director now owns 3,232 shares in the company, valued at approximately $815,853.76. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Samuel J. Glaetzer sold 1,510 shares of the stock in a transaction on Monday, October 14th. The shares were sold at an average price of $245.57, for a total value of $370,810.70. Following the sale, the executive vice president now owns 4,970 shares of the company’s stock, valued at approximately $1,220,482.90. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,947 shares of company stock worth $4,098,736. Insiders own 12.19% of the company’s stock.

Constellation Brands Stock Down 1.5 %

Constellation Brands stock opened at $240.04 on Friday. The business has a fifty day moving average of $246.51 and a two-hundred day moving average of $251.75. 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 cap of $43.92 billion, a P/E ratio of 17.89, a P/E/G 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.

Constellation Brands (NYSE:STZ) last posted its earnings results on Thursday, October 3rd. The company reported $4.32 earnings per share for the quarter, topping analysts’ consensus estimates of $4.08 by $0.24. The company had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.95 billion. Constellation Brands had a return on equity of 25.34% and a net margin of 5.29%. Constellation Brands’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.70 earnings per share. On average, analysts forecast that Constellation Brands, Inc. will post 13.57 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Tuesday, November 5th will be issued a dividend of $1.01 per share. The ex-dividend date of this dividend is Tuesday, November 5th. This represents a $4.04 dividend on an annualized basis and a yield of 1.68%. Constellation Brands’s dividend payout ratio is currently 30.10%.

Wall Street Analysts Forecast Growth

STZ has been the topic of a number of analyst reports. Evercore ISI cut their target price 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. Royal Bank of Canada reaffirmed an “outperform” rating and set a $308.00 target price on shares of Constellation Brands in a research note on Friday, October 4th. Morgan Stanley cut their target price 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. Truist Financial cut their target price on Constellation Brands from $265.00 to $255.00 and set a “hold” rating on the stock in a research note on Friday, October 4th. Finally, BMO Capital Markets dropped their price objective on Constellation Brands from $315.00 to $305.00 and set an “outperform” rating on the stock in a research note on Tuesday. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, Constellation Brands has a consensus rating of “Moderate Buy” and a consensus price target of $290.47.

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.