Constellation Brands, Inc. (NYSE:STZ) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC reduced its position in Constellation Brands, Inc. (NYSE:STZ - Free Report) by 57.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,841 shares of the company's stock after selling 35,945 shares during the quarter. Sanctuary Advisors LLC's holdings in Constellation Brands were worth $6,433,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Diversified Trust Co bought a new position in Constellation Brands in the 2nd quarter worth $225,000. Swedbank AB raised its holdings in shares of Constellation Brands by 16.3% during the second quarter. Swedbank AB now owns 2,400 shares of the company's stock valued at $617,000 after purchasing an additional 337 shares during the last quarter. Brookstone Capital Management raised its stake in Constellation Brands by 4.6% during the 2nd quarter. Brookstone Capital Management now owns 14,673 shares of the company's stock valued at $3,642,000 after buying an additional 647 shares during the last quarter. Raymond James & Associates lifted its holdings in Constellation Brands by 14.4% in the second quarter. Raymond James & Associates now owns 443,084 shares of the company's stock valued at $113,997,000 after acquiring an additional 55,932 shares during the period. Finally, Meridian Investment Counsel Inc. lifted its stake in shares of Constellation Brands by 1.6% in the 2nd quarter. Meridian Investment Counsel Inc. now owns 3,110 shares of the company's stock worth $800,000 after purchasing an additional 50 shares during the period. Institutional investors own 77.34% of the company's stock.

Constellation Brands Price Performance

NYSE:STZ traded up $0.21 during trading hours on Friday, reaching $239.66. 1,077,313 shares of the company were exchanged, compared to its average volume of 1,209,297. The company has a current ratio of 1.25, a quick ratio of 0.53 and a debt-to-equity ratio of 1.31. The firm has a market cap of $43.51 billion, a PE ratio of 77.56, a price-to-earnings-growth ratio of 1.69 and a beta of 1.75. Constellation Brands, Inc. has a twelve month low of $224.76 and a twelve month high of $274.87. The stock's 50-day moving average is $238.99 and its 200-day moving average is $246.02.

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

Constellation Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Tuesday, November 5th were issued a $1.01 dividend. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $4.04 dividend on an annualized basis and a yield of 1.69%. Constellation Brands's payout ratio is 130.74%.

Insiders Place Their Bets

In other Constellation Brands news, major shareholder Wildstar Partners Llc sold 660 shares of Constellation Brands stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $241.00, for a total value of $159,060.00. Following the sale, the insider now owns 1,736,884 shares in the company, valued at $418,589,044. The trade was a 0.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Samuel J. Glaetzer sold 1,510 shares of the business's 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 sale, the executive vice president now owns 4,970 shares in the company, valued at approximately $1,220,482.90. This trade represents a 23.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 189,956 shares of company stock valued at $46,058,091 in the last ninety days. 12.19% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on STZ. Evercore ISI decreased their target price on shares of Constellation Brands from $310.00 to $300.00 and set an "outperform" rating on the stock in a research note on Friday, October 4th. TD Cowen lowered 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 note on Tuesday, October 8th. Morgan Stanley decreased their price objective on shares of Constellation Brands from $305.00 to $280.00 and set an "overweight" rating for the company in a research note on Monday, August 26th. Barclays reduced 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. Finally, JPMorgan Chase & Co. dropped their price target on Constellation Brands from $307.00 to $293.00 and set an "overweight" rating on the stock in a research report on Friday, October 4th. Five analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $288.70.

Constellation Brands Company 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.