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Constellation Brands, Inc. (NYSE:STZ) Holdings Decreased by Charles Schwab Investment Management Inc.

Constellation Brands logo with Consumer Staples background

Charles Schwab Investment Management Inc. reduced its stake in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 0.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,744,178 shares of the company's stock after selling 11,516 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.96% of Constellation Brands worth $449,458,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Oakworth Capital Inc. increased its holdings in Constellation Brands by 4.4% in the 3rd quarter. Oakworth Capital Inc. now owns 989 shares of the company's stock valued at $255,000 after purchasing an additional 42 shares in the last quarter. PFG Investments LLC boosted its position in shares of Constellation Brands by 3.8% in the third quarter. PFG Investments LLC now owns 1,150 shares of the company's stock worth $296,000 after buying an additional 42 shares during the period. Brighton Jones LLC grew its stake in shares of Constellation Brands by 4.7% in the second quarter. Brighton Jones LLC now owns 950 shares of the company's stock valued at $244,000 after buying an additional 43 shares in the last quarter. Industrial Alliance Investment Management Inc. raised its holdings in shares of Constellation Brands by 4.4% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 1,049 shares of the company's stock valued at $285,000 after buying an additional 44 shares during the period. Finally, Burns Matteson Capital Management LLC lifted its position in Constellation Brands by 1.5% during the 2nd quarter. Burns Matteson Capital Management LLC now owns 2,910 shares of the company's stock worth $749,000 after acquiring an additional 44 shares in the last quarter. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Constellation Brands

In other Constellation Brands news, Director Robert Sands sold 119,274 shares of the business's stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $242.37, for a total transaction of $28,908,439.38. Following the completion of the transaction, the director now directly owns 431,729 shares of the company's stock, valued at $104,638,157.73. The trade was a 21.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP James A. Jr. Sabia sold 36,086 shares of the firm's stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $242.99, for a total transaction of $8,768,537.14. Following the completion of the sale, the executive vice president now owns 16,042 shares in the company, valued at $3,898,045.58. The trade was a 69.23 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 189,296 shares of company stock worth $45,899,031. 12.19% of the stock is currently owned by company insiders.

Constellation Brands Stock Performance

Constellation Brands stock traded down $1.17 during mid-day trading on Friday, reaching $239.59. The company's stock had a trading volume of 657,203 shares, compared to its average volume of 1,197,921. The company has a current ratio of 1.25, a quick ratio of 0.53 and a debt-to-equity ratio of 1.31. Constellation Brands, Inc. has a twelve month low of $224.76 and a twelve month high of $274.87. The business has a 50 day moving average price of $243.30 and a 200-day moving average price of $247.68. The firm has a market cap of $43.50 billion, a price-to-earnings ratio of 77.94, a PEG ratio of 1.70 and a beta of 0.90.

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

Constellation Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Tuesday, November 5th were issued a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend was Tuesday, November 5th. Constellation Brands's dividend payout ratio (DPR) is presently 130.74%.

Analysts Set New Price Targets

STZ has been the subject of several recent research reports. Bank of America reaffirmed a "neutral" rating and issued a $255.00 price objective (down previously from $300.00) on shares of Constellation Brands in a research report on Monday, October 7th. JPMorgan Chase & Co. lowered their price target on shares of Constellation Brands from $307.00 to $293.00 and set an "overweight" rating for the company in a report on Friday, October 4th. Barclays dropped their price target on shares of Constellation Brands from $309.00 to $300.00 and set an "overweight" rating on the stock in a research note on Monday, October 7th. UBS Group lowered their target price on Constellation Brands from $320.00 to $295.00 and set a "buy" rating for the company in a research note on Monday, September 9th. Finally, Morgan Stanley cut their price target on Constellation Brands from $305.00 to $280.00 and set an "overweight" rating on the stock in a research note on Monday, August 26th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $290.47.

Check Out Our Latest Stock Analysis on Constellation Brands

Constellation Brands Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Constellation Brands (NYSE:STZ)

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