Chartwell Investment Partners LLC Has $10.16 Million Holdings in Constellation Brands, Inc. (NYSE:STZ)

Chartwell Investment Partners LLC increased its stake in Constellation Brands, Inc. (NYSE:STZ - Free Report) by 7.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 39,431 shares of the company's stock after acquiring an additional 2,627 shares during the quarter. Chartwell Investment Partners LLC's holdings in Constellation Brands were worth $10,161,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Orion Portfolio Solutions LLC boosted its holdings in Constellation Brands by 1.1% during the 1st quarter. Orion Portfolio Solutions LLC now owns 3,676 shares of the company's stock valued at $999,000 after acquiring an additional 39 shares during the period. Oakworth Capital Inc. lifted its holdings in Constellation Brands by 4.4% during the 3rd quarter. Oakworth Capital Inc. now owns 989 shares of the company's stock worth $255,000 after buying an additional 42 shares during the last quarter. PFG Investments LLC raised its holdings in Constellation Brands by 3.8% during the third quarter. PFG Investments LLC now owns 1,150 shares of the company's stock worth $296,000 after purchasing an additional 42 shares in the last quarter. Brighton Jones LLC increased its position in shares of Constellation Brands by 4.7% during the second quarter. Brighton Jones LLC now owns 950 shares of the company's stock worth $244,000 after purchasing an additional 43 shares in the last quarter. Finally, Industrial Alliance Investment Management Inc. grew its position in shares of Constellation Brands by 4.4% during the first quarter. Industrial Alliance Investment Management Inc. now owns 1,049 shares of the company's stock worth $285,000 after acquiring an additional 44 shares during the last quarter. Hedge funds and other institutional investors own 77.34% of the company's stock.

Constellation Brands Trading Up 1.2 %

Shares of STZ traded up $2.83 during trading hours on Monday, hitting $237.21. The company had a trading volume of 517,462 shares, compared to its average volume of 1,198,951. The firm has a market cap of $43.07 billion, a P/E ratio of 76.68, a P/E/G ratio of 1.65 and a beta of 0.90. Constellation Brands, Inc. has a 52-week low of $224.76 and a 52-week high of $274.87. 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 stock's 50 day moving average price is $244.87 and its 200 day moving average price is $248.68.

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

Constellation Brands Dividend Announcement

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

Insider Transactions at Constellation Brands

In other Constellation Brands news, CEO William A. Newlands sold 7,426 shares of the firm's stock in a transaction on Tuesday, October 29th. The stock was 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 $1,725,683.76. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Constellation Brands news, EVP Samuel J. Glaetzer sold 1,510 shares of Constellation Brands stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $245.57, for a total transaction 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. The trade was a 0.00 % decrease in their ownership of the stock. The sale 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 stock in a transaction on 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 sale, the chief executive officer now directly owns 7,274 shares in the company, valued at approximately $1,725,683.76. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 128,210 shares of company stock valued at $31,040,994 in the last 90 days. Insiders own 12.19% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on STZ. JPMorgan Chase & Co. decreased their price objective on Constellation Brands from $307.00 to $293.00 and set an "overweight" rating on the stock in a report on Friday, October 4th. 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. Roth Mkm reissued a "buy" rating and issued a $298.00 target price on shares of Constellation Brands in a report on Friday, October 4th. Evercore ISI dropped their price objective on Constellation Brands from $310.00 to $300.00 and set an "outperform" rating on the stock in a research note on Friday, October 4th. Finally, Truist Financial decreased their target price on Constellation Brands from $265.00 to $255.00 and set a "hold" rating on the stock in a report on Friday, October 4th. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target 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.