Constellation Brands, Inc. (NYSE:STZ) Position Reduced by ST Germain D J Co. Inc.

ST Germain D J Co. Inc. trimmed its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 0.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,582 shares of the company’s stock after selling 91 shares during the quarter. ST Germain D J Co. Inc.’s holdings in Constellation Brands were worth $4,531,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. New Millennium Group LLC bought a new position in Constellation Brands during the 2nd quarter valued at $25,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Constellation Brands in the 2nd quarter worth about $29,000. Horizon Bancorp Inc. IN bought a new position in shares of Constellation Brands in the 2nd quarter worth about $32,000. Kapitalo Investimentos Ltda bought a new position in shares of Constellation Brands in the 4th quarter worth about $35,000. Finally, First Financial Corp IN bought a new position in shares of Constellation Brands in the 1st quarter worth about $35,000. 77.34% of the stock is currently owned by institutional investors.

Constellation Brands Price Performance

Shares of NYSE STZ traded up $1.48 during midday trading on Friday, reaching $241.52. The company’s stock had a trading volume of 1,647,685 shares, compared to its average volume of 1,192,825. The company has a current ratio of 1.25, a quick ratio of 0.53 and a debt-to-equity ratio of 1.31. The company has a 50 day moving average price of $246.51 and a 200 day moving average price of $251.58. Constellation Brands, Inc. has a one year low of $227.64 and a one year high of $274.87. The company has a market cap of $44.19 billion, a price-to-earnings ratio of 18.00, a price-to-earnings-growth ratio of 1.70 and a beta of 1.75.

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

Constellation Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Tuesday, November 5th will be issued a $1.01 dividend. The ex-dividend date of this dividend is Tuesday, November 5th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.67%. Constellation Brands’s payout ratio is currently 30.10%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on STZ shares. Barclays reduced their price target on shares of Constellation Brands from $309.00 to $300.00 and set an “overweight” rating on the stock in a research report on Monday, October 7th. Royal Bank of Canada reiterated an “outperform” rating and issued a $308.00 price objective on shares of Constellation Brands in a research report on Friday, October 4th. JPMorgan Chase & Co. cut their price objective on shares of Constellation Brands from $307.00 to $293.00 and set an “overweight” rating on the stock in a research report on Friday, October 4th. TD Cowen downgraded shares of Constellation Brands from a “buy” rating to a “hold” rating and cut their price objective for the company from $300.00 to $270.00 in a research report on Tuesday, October 8th. Finally, Roth Mkm reiterated a “buy” rating and issued a $298.00 price objective on shares of Constellation Brands in a research report on Friday, October 4th. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $290.47.

Insider Buying and Selling

In related news, 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 value of $28,908,439.38. Following the sale, the director now directly owns 431,729 shares in the company, valued at $104,638,157.73. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, EVP Samuel J. Glaetzer sold 1,510 shares of the business’s stock in a transaction that occurred 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 sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction, the director now directly owns 431,729 shares in the company, valued at $104,638,157.73. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 136,221 shares of company stock worth $33,007,175 in the last ninety days. 12.19% of the stock is currently owned by corporate insiders.

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.