2,192 Shares in Constellation Brands, Inc. (NYSE:STZ) Bought by CreativeOne Wealth LLC

CreativeOne Wealth LLC purchased a new stake in Constellation Brands, Inc. (NYSE:STZ - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 2,192 shares of the company's stock, valued at approximately $565,000.

Other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC grew its position in Constellation Brands by 23,184.7% in the third quarter. International Assets Investment Management LLC now owns 499,689 shares of the company's stock valued at $128,765,000 after acquiring an additional 497,543 shares during the last quarter. Manning & Napier Advisors LLC acquired a new stake in shares of Constellation Brands in the 2nd quarter valued at approximately $119,394,000. Dimensional Fund Advisors LP grew its holdings in shares of Constellation Brands by 31.8% during the 2nd 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 during the last quarter. Coho Partners Ltd. increased its position in Constellation Brands by 40.1% during the 3rd quarter. Coho Partners Ltd. now owns 283,079 shares of the company's stock worth $72,947,000 after purchasing an additional 80,970 shares in the last quarter. Finally, Interval Partners LP bought a new position in Constellation Brands in the 2nd quarter valued at approximately $19,134,000. Institutional investors and hedge funds own 77.34% of the company's stock.

Constellation Brands Trading Up 2.1 %

Shares of NYSE:STZ traded up $4.98 during midday trading on Friday, reaching $240.95. The company's stock had a trading volume of 833,709 shares, compared to its average volume of 1,386,526. Constellation Brands, Inc. has a fifty-two week low of $224.76 and a fifty-two week high of $274.87. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.53 and a current ratio of 1.25. The firm has a 50 day moving average price of $241.72 and a two-hundred day moving average price of $246.75. The firm has a market capitalization of $43.75 billion, a price-to-earnings ratio of 77.98, a PEG ratio of 1.70 and a beta of 0.90.

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, beating the consensus estimate of $4.08 by $0.24. The firm had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.95 billion. Constellation Brands had a return on equity of 25.34% and a net margin of 5.29%. The company's revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.70 earnings per share. As a group, analysts forecast that Constellation Brands, Inc. will post 13.57 earnings per share for the current year.

Constellation Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Tuesday, November 5th were paid a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 1.68%. The ex-dividend date was Tuesday, November 5th. Constellation Brands's dividend payout ratio (DPR) is currently 130.74%.

Insider Activity

In related news, major shareholder Wildstar Partners Llc sold 660 shares of Constellation Brands stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $241.00, for a total value of $159,060.00. Following the completion of the sale, the insider now owns 1,736,884 shares of the company's stock, valued at approximately $418,589,044. This trade represents a 0.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO William A. Newlands sold 7,426 shares of the company's stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $237.24, for a total transaction of $1,761,744.24. Following the transaction, the chief executive officer now owns 7,274 shares in the company, valued at approximately $1,725,683.76. The trade was a 50.52 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 189,956 shares of company stock worth $46,058,091. Company insiders own 12.19% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on STZ shares. Morgan Stanley lowered their price target on shares of Constellation Brands from $305.00 to $280.00 and set an "overweight" rating for the company in a report on Monday, August 26th. Evercore ISI dropped their target price on Constellation Brands from $310.00 to $300.00 and set an "outperform" rating for the company in a research report on Friday, October 4th. BNP Paribas started coverage on Constellation Brands in a research note on Monday, November 25th. They set a "neutral" rating and a $261.00 price target on the stock. JPMorgan Chase & Co. lowered their price objective on Constellation Brands from $307.00 to $293.00 and set an "overweight" rating for the company in a research note on Friday, October 4th. Finally, Roth Mkm reiterated a "buy" rating and set a $298.00 target price on shares of Constellation Brands in a research report on Friday, October 4th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $289.16.

About Constellation Brands

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.