US Bancorp DE Reduces Position in Constellation Brands, Inc. (NYSE:STZ)

US Bancorp DE decreased its holdings in Constellation Brands, Inc. (NYSE:STZ - Free Report) by 5.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 76,149 shares of the company's stock after selling 4,286 shares during the quarter. US Bancorp DE's holdings in Constellation Brands were worth $19,623,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in STZ. Manning & Napier Advisors LLC bought a new position in shares of Constellation Brands in the 2nd quarter worth approximately $119,394,000. Vanguard Group Inc. grew its holdings in Constellation Brands by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 13,705,793 shares of the company's stock valued at $3,724,686,000 after buying an additional 462,891 shares in the last quarter. Howland Capital Management LLC raised its position in shares of Constellation Brands by 3.0% during the first quarter. Howland Capital Management LLC now owns 141,314 shares of the company's stock valued at $38,403,000 after buying an additional 4,051 shares during the last quarter. Capital International Sarl lifted its holdings in shares of Constellation Brands by 35.9% in the first quarter. Capital International Sarl now owns 10,462 shares of the company's stock worth $2,843,000 after buying an additional 2,764 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its position in shares of Constellation Brands by 1.1% during the first quarter. Clearbridge Investments LLC now owns 503,058 shares of the company's stock worth $136,711,000 after acquiring an additional 5,302 shares during the last quarter. Institutional investors own 77.34% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on STZ shares. JPMorgan Chase & Co. reduced their price target on shares of Constellation Brands from $307.00 to $293.00 and set an "overweight" rating on the stock in a report on Friday, October 4th. Evercore ISI decreased their target price on Constellation Brands from $310.00 to $300.00 and set an "outperform" rating on the stock in a research report on Friday, October 4th. Roth Mkm reissued a "buy" rating and set a $298.00 price target on shares of Constellation Brands in a research note on Friday, October 4th. Jefferies Financial Group lifted their price objective on Constellation Brands from $310.00 to $311.00 and gave the stock a "buy" rating in a research note on Friday, July 5th. Finally, TD Cowen downgraded Constellation Brands from a "buy" rating to a "hold" rating and lowered their target price for the company from $300.00 to $270.00 in a research report on Tuesday, October 8th. 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, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $290.47.

Constellation Brands Trading Up 0.2 %

Shares of NYSE:STZ traded up $0.43 during trading hours on Friday, hitting $232.77. 1,351,116 shares of the company's stock traded hands, compared to its average volume of 1,186,563. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.25 and a quick ratio of 0.53. The business has a fifty day moving average price of $245.43 and a 200-day moving average price of $249.64. Constellation Brands, Inc. has a 1 year low of $231.70 and a 1 year high of $274.87. The firm has a market capitalization of $42.26 billion, a P/E ratio of 75.33, a price-to-earnings-growth ratio of 1.66 and a beta of 0.88.

Constellation Brands (NYSE:STZ - Get Free Report) last announced its quarterly earnings data on Thursday, October 3rd. The company reported $4.32 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $2.95 billion. During the same quarter in the prior year, the company posted $3.70 EPS. Constellation Brands's quarterly revenue was up 2.9% on a year-over-year basis. Equities analysts expect that Constellation Brands, Inc. will post 13.57 earnings per share for the current year.

Constellation Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Tuesday, November 5th will be given a $1.01 dividend. The ex-dividend date of this dividend is Tuesday, November 5th. This represents a $4.04 annualized dividend and a yield of 1.74%. Constellation Brands's dividend payout ratio (DPR) is 130.74%.

Insiders Place Their Bets

In other news, CEO William A. Newlands sold 7,426 shares of Constellation Brands stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $237.24, for a total transaction of $1,761,744.24. Following the completion of the sale, the chief executive officer now owns 7,274 shares of the company's stock, valued at approximately $1,725,683.76. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, 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 transaction of $1,761,744.24. Following the transaction, the chief executive officer now owns 7,274 shares of the company's stock, valued at approximately $1,725,683.76. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Samuel J. Glaetzer sold 1,510 shares of Constellation Brands stock in a transaction dated 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 sale, the executive vice president now owns 4,970 shares of the company's stock, valued at $1,220,482.90. 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 141,793 shares of company stock worth $34,300,914 in the last three months. Corporate insiders own 12.19% of the company's stock.

Constellation Brands 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.