Constellation Brands, Inc. (NYSE:STZ) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. reduced its position in Constellation Brands, Inc. (NYSE:STZFree Report) by 2.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,446 shares of the company’s stock after selling 1,265 shares during the quarter. D.A. Davidson & CO.’s holdings in Constellation Brands were worth $11,925,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in Constellation Brands by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 12,601,280 shares of the company’s stock valued at $2,902,327,000 after buying an additional 313,344 shares during the period. Capital International Investors increased its holdings in Constellation Brands by 21.8% during the 2nd quarter. Capital International Investors now owns 7,903,248 shares of the company’s stock worth $1,945,226,000 after purchasing an additional 1,415,606 shares during the period. State Street Corp boosted its stake in shares of Constellation Brands by 0.8% in the 2nd quarter. State Street Corp now owns 6,936,028 shares of the company’s stock valued at $1,707,165,000 after buying an additional 51,968 shares during the period. Morgan Stanley boosted its stake in shares of Constellation Brands by 31.3% in the 4th quarter. Morgan Stanley now owns 3,809,273 shares of the company’s stock valued at $882,799,000 after buying an additional 908,486 shares during the period. Finally, Moneta Group Investment Advisors LLC grew its position in shares of Constellation Brands by 84,839.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 3,742,434 shares of the company’s stock worth $867,309,000 after buying an additional 3,738,028 shares in the last quarter. Institutional investors and hedge funds own 88.99% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder Family Foundation Sands sold 354,616 shares of the company’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $250.26, for a total transaction of $88,746,200.16. Following the completion of the sale, the insider now owns 54,461 shares in the company, valued at $13,629,409.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 16.19% of the stock is owned by insiders.

Constellation Brands Stock Performance

Shares of Constellation Brands stock opened at $246.83 on Tuesday. The stock has a market capitalization of $45.13 billion, a price-to-earnings ratio of 29.24, a PEG ratio of 1.95 and a beta of 0.96. The firm’s fifty day simple moving average is $244.74 and its 200-day simple moving average is $249.04. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.05 and a quick ratio of 0.46. Constellation Brands, Inc. has a 12 month low of $210.15 and a 12 month high of $273.65.

Constellation Brands (NYSE:STZGet Free Report) last posted its quarterly earnings data on Friday, January 5th. The company reported $3.19 EPS for the quarter, beating analysts’ consensus estimates of $3.03 by $0.16. Constellation Brands had a net margin of 14.76% and a return on equity of 23.35%. The company had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.54 billion. During the same period in the previous year, the business posted $2.83 earnings per share. Constellation Brands’s quarterly revenue was up 1.4% on a year-over-year basis. As a group, equities analysts forecast that Constellation Brands, Inc. will post 11.88 earnings per share for the current year.

Constellation Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 22nd. Shareholders of record on Thursday, February 8th will be paid a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend is Wednesday, February 7th. Constellation Brands’s dividend payout ratio is presently 42.13%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on STZ. Jefferies Financial Group started coverage on shares of Constellation Brands in a research note on Monday, November 13th. They issued a “buy” rating and a $292.00 price target for the company. JPMorgan Chase & Co. cut their price target on Constellation Brands from $309.00 to $301.00 and set an “overweight” rating on the stock in a research note on Thursday, December 21st. Argus cut Constellation Brands from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Finally, TheStreet lowered Constellation Brands from a “b” rating to a “c+” rating in a research report on Friday, January 5th. Four analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Constellation Brands has a consensus rating of “Moderate Buy” and a consensus target price of $289.24.

Check Out Our Latest Stock Report on STZ

Constellation Brands Company Profile

(Free Report)

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 Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Victoria, Vicky Chamoy, and Pacifico brands.

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Institutional Ownership by Quarter for Constellation Brands (NYSE:STZ)

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