Constellation Brands, Inc. (NYSE:STZ) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA lowered its stake in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 20.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,989 shares of the company's stock after selling 9,574 shares during the quarter. Leeward Investments LLC MA's holdings in Constellation Brands were worth $9,532,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of STZ. Fidelis Capital Partners LLC purchased a new stake in Constellation Brands during the 1st quarter valued at about $45,000. Advisory Services Network LLC increased its holdings in Constellation Brands by 10.1% in the 1st quarter. Advisory Services Network LLC now owns 11,514 shares of the company's stock worth $3,129,000 after buying an additional 1,055 shares during the period. Envestnet Portfolio Solutions Inc. raised its position in Constellation Brands by 13.6% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 21,168 shares of the company's stock worth $5,753,000 after buying an additional 2,531 shares during the last quarter. Empowered Funds LLC lifted its stake in Constellation Brands by 71.0% during the 1st quarter. Empowered Funds LLC now owns 3,316 shares of the company's stock valued at $901,000 after acquiring an additional 1,377 shares during the period. Finally, Insight Advisors LLC PA purchased a new stake in shares of Constellation Brands in the 1st quarter valued at $202,000. 77.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

STZ has been the subject of several recent research reports. Bank of America reissued a "neutral" rating and set a $255.00 target price (down previously from $300.00) on shares of Constellation Brands in a report on Monday, October 7th. JPMorgan Chase & Co. decreased their price objective on Constellation Brands from $307.00 to $293.00 and set an "overweight" rating for the company in a report on Friday, October 4th. Morgan Stanley lowered their target price on Constellation Brands from $305.00 to $280.00 and set an "overweight" rating on the stock in a research note on Monday, August 26th. TD Cowen cut Constellation Brands from a "buy" rating to a "hold" rating and reduced their price target for the company from $300.00 to $270.00 in a research report on Tuesday, October 8th. Finally, UBS Group lowered their price objective on Constellation Brands from $320.00 to $295.00 and set a "buy" rating on the stock in a research report on Monday, September 9th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $290.47.

Constellation Brands Price Performance

Shares of NYSE:STZ traded up $3.70 during trading on Thursday, reaching $233.28. The stock had a trading volume of 1,461,627 shares, compared to its average volume of 1,199,642. The business has a fifty day moving average price of $245.09 and a 200-day moving average price of $249.15. Constellation Brands, Inc. has a 1-year low of $224.76 and a 1-year 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 stock has a market cap of $42.35 billion, a PE ratio of 75.81, a PEG ratio of 1.69 and a beta of 0.90.

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, topping analysts' consensus estimates of $4.08 by $0.24. The business 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 company's revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.70 earnings per share. On average, equities analysts forecast that Constellation Brands, Inc. will post 13.57 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The business also recently announced 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. This represents a $4.04 annualized dividend and a dividend yield of 1.73%. The ex-dividend date is Tuesday, November 5th. Constellation Brands's dividend payout ratio is currently 130.74%.

Insider Activity

In other Constellation Brands news, CEO William A. Newlands sold 7,426 shares of the firm's stock in a transaction on 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 directly owns 7,274 shares of the company's stock, valued at $1,725,683.76. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Constellation Brands news, EVP Samuel J. Glaetzer sold 1,510 shares of the firm's stock in a transaction on Monday, October 14th. The stock was 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 of the company's stock, valued at $1,220,482.90. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 shares were 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 directly owns 7,274 shares in the company, valued at approximately $1,725,683.76. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 128,210 shares of company stock worth $31,040,994 over the last ninety days. Corporate insiders own 12.19% of the company's stock.

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.