Constellation Brands, Inc. (NYSE:STZ) Shares Sold by Mizuho Securities USA LLC

Mizuho Securities USA LLC lowered its position in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 18.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,160 shares of the company's stock after selling 2,249 shares during the period. Mizuho Securities USA LLC's holdings in Constellation Brands were worth $2,618,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bessemer Group Inc. increased its position in Constellation Brands by 5.8% in the 1st quarter. Bessemer Group Inc. now owns 3,551 shares of the company's stock valued at $965,000 after acquiring an additional 194 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Constellation Brands in the 1st quarter valued at approximately $201,000. LRI Investments LLC purchased a new stake in Constellation Brands in the 1st quarter valued at approximately $195,000. Steel Grove Capital Advisors LLC purchased a new stake in shares of Constellation Brands during the 1st quarter worth approximately $222,000. Finally, BTG Pactual Global Asset Management Ltd purchased a new stake in shares of Constellation Brands during the 1st quarter worth approximately $899,000. Institutional investors and hedge funds own 77.34% of the company's stock.

Insider Buying and Selling

In other Constellation Brands news, CEO William A. Newlands sold 7,426 shares of the firm's stock in a transaction that occurred 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 sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert Sands sold 119,274 shares of the firm's stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $242.37, for a total transaction of $28,908,439.38. Following the completion of the sale, the director now owns 431,729 shares in the company, valued at $104,638,157.73. The trade was a 21.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 189,956 shares of company stock worth $46,058,091 over the last quarter. 12.19% of the stock is owned by company insiders.

Analysts Set New Price Targets

STZ has been the topic of a number of recent research reports. 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. UBS Group dropped their price objective on Constellation Brands from $320.00 to $295.00 and set a "buy" rating for the company in a report on Monday, September 9th. Morgan Stanley dropped their price objective on Constellation Brands from $305.00 to $280.00 and set an "overweight" rating for the company in a report on Monday, August 26th. Barclays decreased 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 report on Monday, October 7th. Finally, BMO Capital Markets decreased their price target on shares of Constellation Brands from $315.00 to $305.00 and set an "outperform" rating for the company in a research report on Tuesday, October 15th. 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, Constellation Brands has a consensus rating of "Moderate Buy" and an average price target of $290.47.

Constellation Brands Stock Down 0.5 %

Shares of STZ stock traded down $1.10 during trading hours on Friday, hitting $239.66. 1,421,842 shares of the company were exchanged, compared to its average volume of 1,309,465. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.53 and a current ratio of 1.25. Constellation Brands, Inc. has a one year low of $224.76 and a one year high of $274.87. The business's 50-day simple moving average is $243.04 and its two-hundred day simple moving average is $247.56. The stock has a market capitalization of $43.51 billion, a price-to-earnings ratio of 77.56, a P/E/G 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 EPS 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 analysts' expectations 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% compared to the same quarter last year. During the same quarter last year, the company posted $3.70 earnings per share. Sell-side analysts predict that Constellation Brands, Inc. will post 13.57 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $4.04 annualized dividend and a yield of 1.69%. Constellation Brands's dividend payout ratio (DPR) is 130.74%.

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.