Toronto Dominion Bank Has $15.75 Million Stock Holdings in Constellation Brands, Inc. (NYSE:STZ)

Toronto Dominion Bank trimmed its position in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 25.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 61,122 shares of the company's stock after selling 20,989 shares during the period. Toronto Dominion Bank's holdings in Constellation Brands were worth $15,751,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in STZ. New Millennium Group LLC purchased a new stake in shares of Constellation Brands in the second quarter worth approximately $25,000. Horizon Bancorp Inc. IN purchased a new stake in Constellation Brands in the 2nd quarter worth approximately $32,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Constellation Brands during the 2nd quarter valued at $36,000. Wellington Shields & Co. LLC grew its holdings in shares of Constellation Brands by 50.0% during the 2nd quarter. Wellington Shields & Co. LLC now owns 150 shares of the company's stock valued at $39,000 after acquiring an additional 50 shares in the last quarter. Finally, Eastern Bank acquired a new position in shares of Constellation Brands in the third quarter worth $39,000. 77.34% of the stock is owned by institutional investors and hedge funds.

Constellation Brands Stock Performance

STZ traded up $0.26 during midday trading on Friday, reaching $239.71. The company's stock had a trading volume of 1,077,305 shares, 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 company has a fifty day simple moving average of $239.13 and a 200 day simple moving average of $246.08. The stock has a market cap of $43.52 billion, a P/E ratio of 77.49, a PEG ratio of 1.69 and a beta of 0.90. Constellation Brands, Inc. has a twelve month low of $224.76 and a twelve month high of $274.87.

Constellation Brands (NYSE:STZ - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.95 billion. Constellation Brands had a net margin of 5.29% and a return on equity of 25.34%. Constellation Brands's quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the company posted $3.70 earnings per share. Research analysts expect that Constellation Brands, Inc. will post 13.57 earnings per share for the current year.

Constellation Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Tuesday, November 5th were paid a $1.01 dividend. 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 payout ratio is presently 130.74%.

Wall Street Analysts Forecast Growth

STZ has been the subject of a number of research reports. BMO Capital Markets reduced their price objective on Constellation Brands from $315.00 to $305.00 and set an "outperform" rating for the company in a research report on Tuesday, October 15th. Evercore ISI reduced their price target on Constellation Brands from $310.00 to $300.00 and set an "outperform" rating for the company in a report on Friday, October 4th. Bank of America reissued a "neutral" rating and issued a $255.00 price target (down previously from $300.00) on shares of Constellation Brands in a research note on Monday, October 7th. JPMorgan Chase & Co. cut their price objective on shares of Constellation Brands from $307.00 to $293.00 and set an "overweight" rating on the stock in a research report on Friday, October 4th. Finally, UBS Group decreased their target price on shares of Constellation Brands from $320.00 to $295.00 and set a "buy" rating for the company in a research report on Monday, September 9th. Five investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $288.70.

Insider Buying and Selling

In other news, EVP Samuel J. Glaetzer sold 1,510 shares of the stock in a transaction on 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 owns 4,970 shares in the company, valued at approximately $1,220,482.90. This represents a 23.30 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Wildstar Partners Llc sold 660 shares of Constellation Brands stock in a transaction dated 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 approximately $418,589,044. This trade represents a 0.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 189,956 shares of company stock valued at $46,058,091 over the last three months. 12.19% of the stock is owned by corporate insiders.

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.