Atria Investments Inc Has $5.85 Million Position in Constellation Brands, Inc. (NYSE:STZ)

Atria Investments Inc decreased its position in Constellation Brands, Inc. (NYSE:STZ - Free Report) by 15.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,683 shares of the company's stock after selling 4,123 shares during the quarter. Atria Investments Inc's holdings in Constellation Brands were worth $5,845,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Empowered Funds LLC boosted its position in Constellation Brands by 71.0% during the first quarter. Empowered Funds LLC now owns 3,316 shares of the company's stock worth $901,000 after purchasing an additional 1,377 shares during the period. Atomi Financial Group Inc. bought a new stake in Constellation Brands during the first quarter worth approximately $242,000. QRG Capital Management Inc. boosted its position in Constellation Brands by 12.4% during the first quarter. QRG Capital Management Inc. now owns 3,265 shares of the company's stock worth $887,000 after purchasing an additional 360 shares during the period. Russell Investments Group Ltd. boosted its position in Constellation Brands by 14.3% during the first quarter. Russell Investments Group Ltd. now owns 58,814 shares of the company's stock worth $15,986,000 after purchasing an additional 7,343 shares during the period. Finally, Bleakley Financial Group LLC boosted its position in Constellation Brands by 5.7% during the first quarter. Bleakley Financial Group LLC now owns 2,869 shares of the company's stock worth $780,000 after purchasing an additional 154 shares during the period. Institutional investors own 77.34% of the company's stock.

Constellation Brands Price Performance

Constellation Brands stock traded up $2.09 during mid-day trading on Tuesday, hitting $238.29. 1,486,049 shares of the company were exchanged, compared to its average volume of 1,202,972. The company has a quick ratio of 0.53, a current ratio of 1.25 and a debt-to-equity ratio of 1.31. The business has a fifty day moving average of $244.78 and a 200 day moving average of $248.51. Constellation Brands, Inc. has a 1-year low of $224.76 and a 1-year high of $274.87. The company has a market capitalization of $43.26 billion, a PE ratio of 76.49, a price-to-earnings-growth ratio of 1.65 and a beta of 1.75.

Constellation Brands (NYSE:STZ - Get Free Report) last announced its earnings results on Thursday, October 3rd. The company reported $4.32 EPS for the quarter, topping the consensus estimate of $4.08 by $0.24. The company had revenue of $2.92 billion for 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 business's revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.70 earnings per share. As a group, sell-side analysts expect that Constellation Brands, Inc. will post 13.57 earnings per share for the current year.

Constellation Brands Announces Dividend

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

Insider Transactions at Constellation Brands

In other news, EVP Samuel J. Glaetzer sold 1,510 shares of the stock in a transaction on Monday, October 14th. The stock was 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 approximately $1,220,482.90. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Robert Sands sold 119,274 shares of the firm's stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $242.37, for a total value of $28,908,439.38. Following the transaction, the director now owns 431,729 shares in the company, valued at $104,638,157.73. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Samuel J. Glaetzer sold 1,510 shares of the firm's stock in a transaction dated Monday, October 14th. The shares were 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 owns 4,970 shares in the company, valued at approximately $1,220,482.90. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 128,210 shares of company stock worth $31,040,994. Insiders own 12.19% of the company's stock.

Wall Street Analysts Forecast Growth

STZ has been the subject of a number of recent analyst reports. Morgan Stanley decreased their target price on Constellation Brands from $305.00 to $280.00 and set an "overweight" rating for the company in a research report on Monday, August 26th. 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. Bank of America reissued a "neutral" rating and issued a $255.00 price objective (down from $300.00) on shares of Constellation Brands in a research report on Monday, October 7th. JPMorgan Chase & Co. reduced their price objective on Constellation Brands from $307.00 to $293.00 and set an "overweight" rating for the company in a research report on Friday, October 4th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $308.00 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $290.47.

Constellation Brands 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.