Constellation Brands, Inc. (NYSE:STZ) Shares Purchased by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise boosted its holdings in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 274.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,259 shares of the company's stock after buying an additional 13,379 shares during the period. Banque Cantonale Vaudoise's holdings in Constellation Brands were worth $4,705,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Capital International Investors raised its holdings in shares of Constellation Brands by 39.4% during the first quarter. Capital International Investors now owns 11,685,249 shares of the company's stock valued at $3,175,583,000 after acquiring an additional 3,304,709 shares in the last quarter. Capital World Investors lifted its stake in shares of Constellation Brands by 8.7% in the 1st quarter. Capital World Investors now owns 9,040,669 shares of the company's stock valued at $2,456,892,000 after purchasing an additional 723,549 shares during the period. Capital Research Global Investors boosted its holdings in shares of Constellation Brands by 9.9% during the 1st quarter. Capital Research Global Investors now owns 2,469,997 shares of the company's stock valued at $671,246,000 after buying an additional 222,380 shares in the last quarter. Legal & General Group Plc boosted its stake in Constellation Brands by 5.7% during the second quarter. Legal & General Group Plc now owns 1,335,976 shares of the company's stock worth $343,717,000 after acquiring an additional 72,637 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Constellation Brands by 31.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,002,332 shares of the company's stock valued at $257,865,000 after purchasing an additional 241,982 shares in the last quarter. 77.34% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related 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 directly owns 4,970 shares of the company's stock, valued at approximately $1,220,482.90. The trade was a 23.30 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO William A. Newlands sold 7,426 shares of the business's stock in a transaction that occurred 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 transaction, the chief executive officer now owns 7,274 shares of the company's stock, valued at $1,725,683.76. This trade represents a 50.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 189,296 shares of company stock valued at $45,899,031 over the last ninety days. 12.19% of the stock is owned by insiders.

Constellation Brands Price Performance

Shares of STZ stock traded down $0.72 on Wednesday, hitting $239.72. 1,046,078 shares of the stock traded hands, compared to its average volume of 1,200,935. 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. The firm has a 50 day simple moving average of $243.51 and a two-hundred day simple moving average of $247.73. The firm has a market cap of $43.52 billion, a price-to-earnings ratio of 77.58, a PEG ratio of 1.68 and a beta of 1.75.

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

Constellation Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Tuesday, November 5th will be given a $1.01 dividend. The ex-dividend date of this dividend is Tuesday, November 5th. This represents a $4.04 annualized dividend and a yield of 1.69%. Constellation Brands's dividend payout ratio is currently 130.74%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Evercore ISI cut their price target 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. Truist Financial dropped their price objective on Constellation Brands from $265.00 to $255.00 and set a "hold" rating on the stock in a research report on Friday, October 4th. Royal Bank of Canada restated an "outperform" rating and set a $308.00 target price on shares of Constellation Brands in a research note on Tuesday. Roth Mkm reiterated a "buy" rating and issued a $298.00 price target on shares of Constellation Brands in a research note on Friday, October 4th. Finally, TD Cowen downgraded shares of Constellation Brands from a "buy" rating to a "hold" rating and lowered their price objective for the company from $300.00 to $270.00 in a research report on Tuesday, October 8th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Constellation Brands 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.