Constellation Brands, Inc. (NYSE:STZ) Position Boosted by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. lifted its holdings in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 19.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 19,846 shares of the company's stock after acquiring an additional 3,240 shares during the quarter. Coldstream Capital Management Inc.'s holdings in Constellation Brands were worth $5,111,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Sequoia Financial Advisors LLC grew its stake in Constellation Brands by 18.6% in the second quarter. Sequoia Financial Advisors LLC now owns 4,388 shares of the company's stock worth $1,129,000 after purchasing an additional 689 shares in the last quarter. Wedmont Private Capital raised its position in shares of Constellation Brands by 13.5% during the 2nd quarter. Wedmont Private Capital now owns 1,543 shares of the company's stock valued at $401,000 after acquiring an additional 184 shares in the last quarter. Diversified Trust Co bought a new position in Constellation Brands during the second quarter worth $225,000. NorthCrest Asset Manangement LLC boosted its holdings in Constellation Brands by 12.2% in the second quarter. NorthCrest Asset Manangement LLC now owns 1,124 shares of the company's stock worth $289,000 after purchasing an additional 122 shares during the period. Finally, ORG Partners LLC bought a new stake in Constellation Brands during the second quarter valued at $78,000. 77.34% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Constellation Brands news, 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 directly owns 4,970 shares in the company, valued at $1,220,482.90. This trade represents a 23.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Wildstar Partners Llc sold 660 shares of the business's stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $241.00, for a total transaction of $159,060.00. Following the sale, the insider now owns 1,736,884 shares in the company, valued at $418,589,044. This represents a 0.04 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 189,956 shares of company stock worth $46,058,091. 12.19% of the stock is owned by insiders.

Constellation Brands Price Performance

Shares of STZ traded down $2.76 during midday trading on Wednesday, reaching $239.84. The stock had a trading volume of 1,540,370 shares, compared to its average volume of 1,209,827. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.25 and a quick ratio of 0.53. The company has a market capitalization of $43.55 billion, a P/E ratio of 79.14, a P/E/G ratio of 1.69 and a beta of 1.75. The firm's 50 day moving average price is $239.53 and its 200-day moving average price is $246.17. 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 issued its quarterly 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 firm had revenue of $2.92 billion for the quarter, compared to analysts' expectations of $2.95 billion. Constellation Brands had a net margin of 5.29% and a return on equity of 25.34%. Constellation Brands's revenue for the quarter 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, analysts forecast that Constellation Brands, Inc. will post 13.57 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Tuesday, November 5th were issued a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend was Tuesday, November 5th. Constellation Brands's payout ratio is 130.74%.

Wall Street Analyst Weigh In

Several research firms have recently commented on STZ. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $308.00 price target on shares of Constellation Brands in a report on Tuesday, November 19th. TD Cowen cut Constellation Brands from a "buy" rating to a "hold" rating and dropped their price target for the stock from $300.00 to $270.00 in a research report on Tuesday, October 8th. Bank of America restated a "neutral" rating and set a $255.00 price objective (down previously from $300.00) on shares of Constellation Brands in a research report on Monday, October 7th. UBS Group dropped their target price 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. Finally, Truist Financial reduced their price target on shares of Constellation Brands from $265.00 to $255.00 and set a "hold" rating for the company in a report on Friday, October 4th. Five investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $288.70.

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.