Swiss National Bank Sells 200 Shares of Constellation Brands, Inc. (NYSE:STZ)

Swiss National Bank lowered its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 0.0% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 486,900 shares of the company’s stock after selling 200 shares during the period. Swiss National Bank owned 0.27% of Constellation Brands worth $125,469,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of STZ. New Millennium Group LLC acquired a new stake in Constellation Brands during the second quarter worth approximately $25,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Constellation Brands during the second quarter worth approximately $29,000. Horizon Bancorp Inc. IN acquired a new stake in Constellation Brands during the second quarter worth approximately $32,000. Opal Wealth Advisors LLC acquired a new stake in Constellation Brands during the second quarter worth approximately $36,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in Constellation Brands during the second quarter worth approximately $36,000. Institutional investors own 77.34% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on STZ. Evercore ISI dropped their price target on shares of Constellation Brands from $310.00 to $300.00 and set an “outperform” rating for the company in a research report on Friday, October 4th. Royal Bank of Canada reiterated an “outperform” rating and issued a $308.00 price target on shares of Constellation Brands in a research report on Friday, October 4th. Roth Mkm reiterated a “buy” rating and issued a $298.00 price target on shares of Constellation Brands in a research report on Friday, October 4th. Morgan Stanley dropped their price target on shares of 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, TD Cowen cut shares of Constellation Brands from a “buy” rating to a “hold” rating and decreased their price objective for the company from $300.00 to $270.00 in a research note on Tuesday, October 8th. Four 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 presently has a consensus rating of “Moderate Buy” and an average price target of $290.47.

Constellation Brands Stock Performance

NYSE STZ opened at $238.06 on Tuesday. The firm’s fifty day moving average price is $243.88 and its two-hundred day moving average price is $247.90. The stock has a market cap of $43.22 billion, a PE ratio of 77.04, a PEG ratio of 1.68 and a beta of 0.90. Constellation Brands, Inc. has a fifty-two week low of $224.76 and a fifty-two week high of $274.87. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.53 and a current ratio of 1.25.

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

Constellation Brands Announces Dividend

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

Insider Buying and Selling

In related news, EVP Samuel J. Glaetzer sold 1,510 shares of the business’s 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 transaction, the executive vice president now owns 4,970 shares in the company, valued at $1,220,482.90. The trade was a 23.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO William A. Newlands sold 7,426 shares of the business’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $237.24, for a total transaction of $1,761,744.24. Following the completion of the transaction, the chief executive officer now owns 7,274 shares in the company, valued at approximately $1,725,683.76. The trade was a 50.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 189,296 shares of company stock valued at $45,899,031 over the last 90 days. 12.19% of the stock is owned by 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.