First National Bank of Omaha Purchases 2,334 Shares of Constellation Brands, Inc. (NYSE:STZ)

First National Bank of Omaha raised its stake in Constellation Brands, Inc. (NYSE:STZ - Free Report) by 20.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 13,859 shares of the company's stock after purchasing an additional 2,334 shares during the quarter. First National Bank of Omaha's holdings in Constellation Brands were worth $3,571,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. World Investment Advisors LLC grew its stake in shares of Constellation Brands by 4,601.2% in the third quarter. World Investment Advisors LLC now owns 87,771 shares of the company's stock worth $22,618,000 after purchasing an additional 85,904 shares during the last quarter. National Bank of Canada FI lifted its holdings in Constellation Brands by 33.2% in the 3rd quarter. National Bank of Canada FI now owns 78,205 shares of the company's stock worth $20,152,000 after buying an additional 19,510 shares during the period. EP Wealth Advisors LLC bought a new stake in shares of Constellation Brands in the 3rd quarter worth approximately $207,000. Kovitz Investment Group Partners LLC increased its stake in shares of Constellation Brands by 31.6% during the third quarter. Kovitz Investment Group Partners LLC now owns 40,233 shares of the company's stock valued at $9,832,000 after buying an additional 9,651 shares during the period. Finally, Voya Financial Advisors Inc. purchased a new position in shares of Constellation Brands during the third quarter valued at approximately $229,000. Hedge funds and other institutional investors own 77.34% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on STZ shares. Truist Financial cut their price target on shares of Constellation Brands from $265.00 to $255.00 and set a "hold" rating on the stock in a report on Friday, October 4th. BNP Paribas started coverage on shares of Constellation Brands in a research report on Monday, November 25th. They set a "neutral" rating and a $261.00 price target on the stock. TD Cowen downgraded shares of Constellation Brands from a "buy" rating to a "hold" rating and decreased their price target for the stock from $300.00 to $270.00 in a research note on Tuesday, October 8th. BMO Capital Markets cut their price objective on Constellation Brands from $315.00 to $305.00 and set an "outperform" rating on the stock in a research report on Tuesday, October 15th. Finally, Barclays decreased their target price on Constellation Brands from $309.00 to $300.00 and set an "overweight" rating for the company in a research report on Monday, October 7th. Five analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $288.70.

Constellation Brands Stock Performance

Shares of NYSE STZ traded up $5.31 during midday trading on Monday, hitting $244.31. 1,322,721 shares of the company's stock traded hands, compared to its average volume of 1,208,638. 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 stock has a market capitalization of $44.36 billion, a price-to-earnings ratio of 79.06, a price-to-earnings-growth ratio of 1.69 and a beta of 0.90. The firm has a fifty day moving average of $239.83 and a 200 day moving average of $246.21. Constellation Brands, Inc. has a 1 year low of $224.76 and a 1 year high of $274.87.

Constellation Brands (NYSE:STZ - Get Free Report) last released its quarterly earnings results on Thursday, October 3rd. The company reported $4.32 earnings per share 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%. The company's quarterly revenue was up 2.9% on a year-over-year basis. During the same period last year, the firm earned $3.70 earnings per share. On average, analysts forecast that Constellation Brands, Inc. will post 13.57 earnings per share for the current year.

Constellation Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Tuesday, November 5th were paid a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date was Tuesday, November 5th. Constellation Brands's payout ratio is presently 130.74%.

Insider Buying and Selling at Constellation Brands

In related news, 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 transaction, the chief executive officer now owns 7,274 shares in the company, valued at approximately $1,725,683.76. This trade represents a 50.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Wildstar Partners Llc sold 660 shares of the company's stock in a transaction that occurred 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 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 sold 189,956 shares of company stock worth $46,058,091 in the last quarter. 12.19% of the stock is owned by corporate insiders.

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.