Natixis Advisors LLC Has $29.22 Million Stock Holdings in Constellation Brands, Inc. (NYSE:STZ)

Natixis Advisors LLC boosted its position in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 37.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 113,393 shares of the company's stock after buying an additional 30,862 shares during the quarter. Natixis Advisors LLC owned approximately 0.06% of Constellation Brands worth $29,220,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Koa Wealth Management LLC boosted its holdings in Constellation Brands by 4.0% in the third quarter. Koa Wealth Management LLC now owns 10,672 shares of the company's stock valued at $2,750,000 after acquiring an additional 411 shares during the last quarter. Northcape Wealth Management LLC raised its stake in shares of Constellation Brands by 1.3% during the third quarter. Northcape Wealth Management LLC now owns 9,921 shares of the company's stock worth $2,557,000 after buying an additional 123 shares during the last quarter. First Long Island Investors LLC lifted its holdings in Constellation Brands by 5.5% in the third quarter. First Long Island Investors LLC now owns 46,810 shares of the company's stock valued at $12,062,000 after buying an additional 2,445 shares during the period. KCM Investment Advisors LLC boosted its stake in Constellation Brands by 1.7% in the third quarter. KCM Investment Advisors LLC now owns 3,382 shares of the company's stock valued at $872,000 after acquiring an additional 56 shares during the last quarter. Finally, Empowered Funds LLC grew its holdings in Constellation Brands by 318.8% during the 3rd quarter. Empowered Funds LLC now owns 10,184 shares of the company's stock worth $2,624,000 after acquiring an additional 7,752 shares during the period. 77.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

STZ has been the topic of several recent research reports. BMO Capital Markets reduced their price target 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. Roth Mkm reissued a "buy" rating and set a $298.00 price objective on shares of Constellation Brands in a research note on Friday, October 4th. JPMorgan Chase & Co. lowered their target price on shares of Constellation Brands from $307.00 to $293.00 and set an "overweight" rating for the company in a research note on Friday, October 4th. TD Cowen cut shares of Constellation Brands from a "buy" rating to a "hold" rating and reduced their price target for the stock from $300.00 to $270.00 in a research report on Tuesday, October 8th. Finally, Bank of America restated a "neutral" rating and issued a $255.00 price objective (down previously from $300.00) on shares of Constellation Brands in a research report on Monday, October 7th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $290.47.

Constellation Brands Stock Performance

Shares of Constellation Brands stock traded up $0.55 during trading on Monday, hitting $238.06. 978,516 shares of the stock were exchanged, compared to its average volume of 1,202,176. The company has a current ratio of 1.25, a quick ratio of 0.53 and a debt-to-equity ratio of 1.31. The company has a fifty day moving average price of $244.13 and a 200-day moving average price of $248.01. The stock has a market capitalization of $43.22 billion, a price-to-earnings ratio of 76.86, a price-to-earnings-growth ratio of 1.68 and a beta of 0.90. 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 issued its quarterly earnings data on Thursday, October 3rd. The company reported $4.32 earnings per share for the quarter, beating the consensus estimate of $4.08 by $0.24. The company had revenue of $2.92 billion for 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 was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $3.70 earnings per share. As a group, equities analysts predict that Constellation Brands, Inc. will post 13.57 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Tuesday, November 5th will be given a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend is Tuesday, November 5th. Constellation Brands's payout ratio is 130.74%.

Insider Transactions at Constellation Brands

In related news, Director Robert Sands sold 119,274 shares of the stock in a transaction that occurred 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 sale, the director now owns 431,729 shares of the company's stock, valued at $104,638,157.73. This represents a 21.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO William A. Newlands sold 7,426 shares of the 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 sale, the chief executive officer now directly 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 189,296 shares of company stock worth $45,899,031. Company 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.