Teamwork Financial Advisors LLC Has $500,000 Stock Holdings in Constellation Brands, Inc. (NYSE:STZ)

Teamwork Financial Advisors LLC decreased its position in Constellation Brands, Inc. (NYSE:STZ - Free Report) by 72.5% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,941 shares of the company's stock after selling 5,120 shares during the period. Teamwork Financial Advisors LLC's holdings in Constellation Brands were worth $500,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. New Millennium Group LLC acquired a new stake in shares of Constellation Brands in the 2nd quarter valued at approximately $25,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Constellation Brands in the 2nd quarter valued at approximately $29,000. Horizon Bancorp Inc. IN acquired a new stake in shares of Constellation Brands in the 2nd quarter valued at approximately $32,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Constellation Brands in the 4th quarter valued at approximately $35,000. Finally, First Financial Corp IN acquired a new stake in shares of Constellation Brands in the 1st quarter valued at approximately $35,000. Institutional investors own 77.34% of the company's stock.

Insider Activity at Constellation Brands

In related news, Director Robert Sands sold 119,274 shares of the firm's stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $242.37, for a total value of $28,908,439.38. Following the sale, the director now directly owns 431,729 shares of the company's stock, valued at $104,638,157.73. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, CFO Garth Hankinson sold 13,583 shares of the firm's stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $240.00, for a total value of $3,259,920.00. Following the sale, the chief financial officer now directly owns 11,702 shares of the company's stock, valued at $2,808,480. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert Sands sold 119,274 shares of Constellation Brands stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $242.37, for a total value of $28,908,439.38. Following the sale, the director now directly owns 431,729 shares in the company, valued at $104,638,157.73. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 136,221 shares of company stock valued at $33,007,175 over the last ninety days. 12.19% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently commented on STZ. Barclays cut their price objective on Constellation Brands from $309.00 to $300.00 and set an "overweight" rating for the company in a report on Monday, October 7th. Evercore ISI dropped their price target on Constellation Brands from $310.00 to $300.00 and set an "outperform" rating on the stock in a research note on Friday, October 4th. BMO Capital Markets dropped their price target on Constellation Brands from $315.00 to $305.00 and set an "outperform" rating on the stock in a research note on Tuesday. Morgan Stanley dropped their price target 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. Finally, UBS Group dropped their price target on Constellation Brands from $320.00 to $295.00 and set a "buy" rating on the stock in a research note on Monday, September 9th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $290.47.

Constellation Brands Price Performance

Shares of NYSE STZ traded up $1.48 during mid-day trading on Friday, reaching $241.52. The company had a trading volume of 1,644,472 shares, compared to its average volume of 1,192,825. 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 $227.64 and a one year high of $274.87. The firm has a market cap of $44.19 billion, a price-to-earnings ratio of 18.00, a PEG ratio of 1.70 and a beta of 1.75. The business's 50-day simple moving average is $246.51 and its 200 day simple moving average is $251.58.

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 analysts' consensus estimates of $4.08 by $0.24. Constellation Brands had a return on equity of 25.34% and a net margin of 5.29%. The company had revenue of $2.92 billion for the quarter, compared to analysts' expectations of $2.95 billion. During the same quarter last year, the business earned $3.70 earnings per share. Constellation Brands's revenue was up 2.9% on a year-over-year basis. On average, research analysts predict that Constellation Brands, Inc. will post 13.57 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Tuesday, November 5th will be given a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend is Tuesday, November 5th. Constellation Brands's payout ratio is currently 30.10%.

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.