MQS Management LLC Takes Position in Constellation Brands, Inc. (NYSE:STZ)

MQS Management LLC purchased a new stake in Constellation Brands, Inc. (NYSE:STZ - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 3,487 shares of the company's stock, valued at approximately $899,000. Constellation Brands makes up 0.5% of MQS Management LLC's holdings, making the stock its 24th biggest holding.

A number of other large investors have also recently added to or reduced their stakes in the stock. New Millennium Group LLC bought a new stake in shares of Constellation Brands in the second quarter valued at approximately $25,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Constellation Brands in the second quarter valued at approximately $29,000. Horizon Bancorp Inc. IN bought a new stake in shares of Constellation Brands in the second quarter valued at approximately $32,000. LRI Investments LLC bought a new stake in shares of Constellation Brands in the first quarter valued at approximately $37,000. Finally, Opal Wealth Advisors LLC bought a new stake in shares of Constellation Brands in the second quarter valued at approximately $36,000. Institutional investors own 77.34% of the company's stock.

Insider Buying and Selling

In other news, EVP Samuel J. Glaetzer sold 1,510 shares of the company's stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $245.57, for a total value of $370,810.70. Following the completion of the transaction, the executive vice president now directly owns 4,970 shares in the company, valued at approximately $1,220,482.90. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Samuel J. Glaetzer sold 1,510 shares of the business's stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $245.57, for a total value of $370,810.70. Following the completion of the sale, the executive vice president now owns 4,970 shares of the company's stock, valued at approximately $1,220,482.90. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO William A. Newlands sold 7,426 shares of the business's stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $237.24, for a total value of $1,761,744.24. Following the completion of the sale, the chief executive officer now directly owns 7,274 shares of the company's stock, valued at approximately $1,725,683.76. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 128,210 shares of company stock worth $31,040,994 over the last ninety days. 12.19% of the stock is owned by corporate insiders.

Constellation Brands Stock Performance

Shares of STZ traded up $2.42 during mid-day trading on Wednesday, hitting $240.71. The stock had a trading volume of 1,103,394 shares, compared to its average volume of 1,202,522. The firm has a market cap of $43.70 billion, a P/E ratio of 77.53, a PEG ratio of 1.68 and a beta of 0.90. The business has a fifty day moving average price of $244.61 and a 200-day moving average price of $248.35. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.25 and a quick ratio of 0.53. Constellation Brands, Inc. has a 52 week low of $224.76 and a 52 week high of $274.87.

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

Constellation Brands Dividend Announcement

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 given a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 1.68%. The ex-dividend date is Tuesday, November 5th. Constellation Brands's payout ratio is 130.74%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on STZ shares. BMO Capital Markets reduced their price objective on Constellation Brands from $315.00 to $305.00 and set an "outperform" rating for the company in a research report on Tuesday, October 15th. JPMorgan Chase & Co. cut their target price on Constellation Brands from $307.00 to $293.00 and set an "overweight" rating for the company in a research note on Friday, October 4th. Truist Financial decreased their price target on Constellation Brands from $265.00 to $255.00 and set a "hold" rating on the stock in a report on Friday, October 4th. Roth Mkm reaffirmed a "buy" rating and set a $298.00 price target on shares of Constellation Brands in a research report on Friday, October 4th. Finally, UBS Group lowered their price target on Constellation Brands from $320.00 to $295.00 and set a "buy" rating on the stock in a research report on Monday, September 9th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $290.47.

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.