6,337 Shares in Constellation Brands, Inc. (NYSE:STZ) Bought by Entropy Technologies LP

Entropy Technologies LP bought a new stake in Constellation Brands, Inc. (NYSE:STZ - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,337 shares of the company's stock, valued at approximately $1,633,000.

Other institutional investors have also added to or reduced their stakes in the company. Nations Financial Group Inc. IA ADV increased its position in shares of Constellation Brands by 37.1% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 1,366 shares of the company's stock valued at $352,000 after purchasing an additional 370 shares during the last quarter. Jupiter Wealth Management LLC grew its position in Constellation Brands by 51.5% during the third quarter. Jupiter Wealth Management LLC now owns 3,408 shares of the company's stock valued at $878,000 after acquiring an additional 1,158 shares during the last quarter. Delta Financial Advisors LLC raised its stake in shares of Constellation Brands by 3.6% during the third quarter. Delta Financial Advisors LLC now owns 4,933 shares of the company's stock worth $1,271,000 after acquiring an additional 171 shares in the last quarter. Chartwell Investment Partners LLC lifted its holdings in shares of Constellation Brands by 7.1% in the 3rd quarter. Chartwell Investment Partners LLC now owns 39,431 shares of the company's stock worth $10,161,000 after acquiring an additional 2,627 shares during the last quarter. Finally, Legacy Capital Wealth Partners LLC boosted its stake in shares of Constellation Brands by 40.9% in the 3rd quarter. Legacy Capital Wealth Partners LLC now owns 2,227 shares of the company's stock valued at $574,000 after purchasing an additional 646 shares in the last quarter. Institutional investors own 77.34% of the company's stock.

Insider Transactions at Constellation Brands

In related news, CEO William A. Newlands sold 7,426 shares of the stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $237.24, for a total transaction of $1,761,744.24. Following the sale, the chief executive officer now directly owns 7,274 shares of the company's stock, valued at approximately $1,725,683.76. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Robert Sands sold 119,274 shares of the company's stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $242.37, for a total transaction of $28,908,439.38. Following the transaction, the director now directly owns 431,729 shares of the company's stock, valued at $104,638,157.73. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO William A. Newlands sold 7,426 shares of Constellation Brands stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $237.24, for a total value of $1,761,744.24. Following the completion of the sale, the chief executive officer now owns 7,274 shares of the company's stock, valued at $1,725,683.76. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 128,210 shares of company stock valued at $31,040,994 in the last quarter. 12.19% of the stock is owned by insiders.

Constellation Brands Stock Up 0.9 %

Shares of NYSE:STZ traded up $2.14 during midday trading on Wednesday, reaching $240.43. The company's stock had a trading volume of 510,720 shares, compared to its average volume of 1,199,595. The company has a quick ratio of 0.53, a current ratio of 1.25 and a debt-to-equity ratio of 1.31. The firm has a 50 day moving average of $244.61 and a 200-day moving average of $248.35. The firm has a market capitalization of $43.65 billion, a P/E ratio of 77.53, a PEG ratio of 1.68 and a beta of 0.90. Constellation Brands, Inc. has a 12-month low of $224.76 and a 12-month high of $274.87.

Constellation Brands (NYSE:STZ - Get Free Report) last released its 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 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 business's revenue was up 2.9% on a year-over-year basis. During the same period last year, the business earned $3.70 earnings per share. On average, research analysts anticipate 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 will be paid on Thursday, November 21st. Stockholders of record on Tuesday, November 5th will be issued a dividend of $1.01 per share. The ex-dividend date is Tuesday, November 5th. This represents a $4.04 annualized dividend and a dividend yield of 1.68%. Constellation Brands's payout ratio is presently 130.74%.

Analysts Set New Price Targets

Several analysts have weighed in on STZ shares. Barclays lowered their price target on shares of Constellation Brands from $309.00 to $300.00 and set an "overweight" rating for the company in a research note on Monday, October 7th. Morgan Stanley lowered their price objective on Constellation Brands from $305.00 to $280.00 and set an "overweight" rating for the company in a research report on Monday, August 26th. Roth Mkm reaffirmed a "buy" rating and issued a $298.00 target price on shares of Constellation Brands in a research note on Friday, October 4th. Truist Financial dropped their price target on shares of Constellation Brands from $265.00 to $255.00 and set a "hold" rating for the company in a research report on Friday, October 4th. Finally, Evercore ISI decreased their price objective on shares of Constellation Brands from $310.00 to $300.00 and set an "outperform" rating on the stock in a research report on Friday, October 4th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $290.47.

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.