Mesirow Financial Investment Management Inc. Sells 5,178 Shares of Constellation Brands, Inc. (NYSE:STZ)

Mesirow Financial Investment Management Inc. decreased its position in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 47.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,640 shares of the company's stock after selling 5,178 shares during the quarter. Mesirow Financial Investment Management Inc.'s holdings in Constellation Brands were worth $1,454,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. Empowered Funds LLC boosted its stake in shares of Constellation Brands by 71.0% during the 1st quarter. Empowered Funds LLC now owns 3,316 shares of the company's stock worth $901,000 after buying an additional 1,377 shares during the last quarter. Atomi Financial Group Inc. bought a new stake in Constellation Brands during the first quarter worth about $242,000. Sei Investments Co. boosted its position in shares of Constellation Brands by 4.1% during the 1st quarter. Sei Investments Co. now owns 176,403 shares of the company's stock worth $47,939,000 after acquiring an additional 6,924 shares in the last quarter. NorthRock Partners LLC increased its stake in shares of Constellation Brands by 15.4% in the 1st quarter. NorthRock Partners LLC now owns 1,957 shares of the company's stock valued at $532,000 after purchasing an additional 261 shares during the last quarter. Finally, Meeder Advisory Services Inc. grew its position in Constellation Brands by 1.6% in the first quarter. Meeder Advisory Services Inc. now owns 2,887 shares of the company's stock valued at $785,000 after acquiring an additional 46 shares during the last quarter. Institutional investors and hedge funds own 77.34% of the company's stock.

Insider Buying and Selling at Constellation Brands

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 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 directly owns 4,970 shares of the company's stock, valued at $1,220,482.90. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, EVP Samuel J. Glaetzer sold 1,510 shares of Constellation Brands stock in a transaction on Monday, October 14th. The shares were 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 directly owns 4,970 shares of the company's stock, valued at approximately $1,220,482.90. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO William A. Newlands sold 7,426 shares of Constellation Brands 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 sale, the chief executive officer now directly owns 7,274 shares of the company's stock, valued at $1,725,683.76. This represents 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 three months. Company insiders own 12.19% of the company's stock.

Constellation Brands Stock Performance

Constellation Brands stock traded up $1.96 during mid-day trading on Monday, reaching $236.34. The company's stock had a trading volume of 1,108,691 shares, compared to its average volume of 1,201,661. Constellation Brands, Inc. has a 12-month low of $224.76 and a 12-month high of $274.87. The company has a market capitalization of $42.91 billion, a P/E ratio of 76.68, a PEG ratio of 1.65 and a beta of 0.90. 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's fifty day moving average price is $244.87 and its two-hundred day moving average price is $248.68.

Constellation Brands (NYSE:STZ - Get Free Report) last released its quarterly earnings data on Thursday, October 3rd. The company reported $4.32 earnings per share for the quarter, beating analysts' consensus estimates of $4.08 by $0.24. Constellation Brands had a net margin of 5.29% and a return on equity of 25.34%. The business had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.95 billion. During the same period in the previous year, the business earned $3.70 EPS. Constellation Brands's revenue was up 2.9% compared to the same quarter last year. Sell-side analysts predict that Constellation Brands, Inc. will post 13.57 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Tuesday, November 5th will be issued a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend is Tuesday, November 5th. Constellation Brands's payout ratio is 130.74%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Barclays reduced their price target on Constellation Brands from $309.00 to $300.00 and set an "overweight" rating on the stock in a report on Monday, October 7th. Roth Mkm reissued a "buy" rating and issued a $298.00 price target on shares of Constellation Brands in a research note on Friday, October 4th. JPMorgan Chase & Co. reduced 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. UBS Group lowered their target price on shares of Constellation Brands from $320.00 to $295.00 and set a "buy" rating on the stock in a report on Monday, September 9th. Finally, BMO Capital Markets reduced their target price on shares of Constellation Brands from $315.00 to $305.00 and set an "outperform" rating for the company in a research note on Tuesday, October 15th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, Constellation Brands has an average rating of "Moderate Buy" and a consensus target price 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.