Constellation Brands, Inc. (NYSE:STZ) Shares Sold by TD Private Client Wealth LLC

TD Private Client Wealth LLC decreased its holdings in Constellation Brands, Inc. (NYSE:STZ) by 16.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,349 shares of the company’s stock after selling 1,036 shares during the period. TD Private Client Wealth LLC’s holdings in Constellation Brands were worth $1,182,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. iA Global Asset Management Inc. grew its stake in Constellation Brands by 331.4% during the 4th quarter. iA Global Asset Management Inc. now owns 10,401 shares of the company’s stock worth $2,299,000 after purchasing an additional 7,990 shares in the last quarter. Magnetar Financial LLC acquired a new position in shares of Constellation Brands during the fourth quarter worth about $1,018,000. Teacher Retirement System of Texas increased its stake in shares of Constellation Brands by 777.6% during the fourth quarter. Teacher Retirement System of Texas now owns 9,636 shares of the company’s stock worth $2,130,000 after buying an additional 8,538 shares during the period. Royal London Asset Management Ltd. raised its holdings in Constellation Brands by 2.7% in the fourth quarter. Royal London Asset Management Ltd. now owns 70,954 shares of the company’s stock valued at $15,681,000 after acquiring an additional 1,854 shares in the last quarter. Finally, Saiph Capital LLC lifted its stake in Constellation Brands by 21.6% in the fourth quarter. Saiph Capital LLC now owns 1,915 shares of the company’s stock worth $423,000 after acquiring an additional 340 shares during the last quarter. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Constellation Brands Price Performance

Shares of STZ opened at $177.73 on Monday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 1.10. Constellation Brands, Inc. has a fifty-two week low of $160.46 and a fifty-two week high of $274.87. The firm has a 50-day simple moving average of $177.32 and a 200-day simple moving average of $216.87. The company has a market capitalization of $32.12 billion, a price-to-earnings ratio of 47.78, a price-to-earnings-growth ratio of 1.52 and a beta of 0.90.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings data on Friday, January 10th. The company reported $3.25 earnings per share for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.08). The company had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.53 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The firm’s revenue was down .3% compared to the same quarter last year. During the same period in the previous year, the business posted $3.19 earnings per share. On average, equities research analysts anticipate that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a $1.01 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.04 annualized dividend and a yield of 2.27%. Constellation Brands’s dividend payout ratio is currently 108.60%.

Insiders Place Their Bets

In other news, Director William T. Giles purchased 1,000 shares of the company’s stock in a transaction dated Friday, January 17th. The shares were acquired at an average cost of $186.39 per share, for a total transaction of $186,390.00. Following the completion of the purchase, the director now directly owns 1,463 shares in the company, valued at $272,688.57. The trade was a 215.98 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 12.19% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on STZ shares. Citigroup downgraded shares of Constellation Brands from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $260.00 to $200.00 in a research report on Thursday. StockNews.com cut Constellation Brands from a “hold” rating to a “sell” rating in a research note on Friday, March 14th. TD Cowen lowered their price objective on Constellation Brands from $270.00 to $260.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Argus downgraded Constellation Brands from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Finally, Needham & Company LLC restated a “buy” rating and set a $240.00 target price on shares of Constellation Brands in a research note on Monday, January 27th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $250.41.

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.