Soros Capital Management LLC Purchases 2,517 Shares of Constellation Brands, Inc. (NYSE:STZ)

Soros Capital Management LLC lifted its position in Constellation Brands, Inc. (NYSE:STZ - Free Report) by 22.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,650 shares of the company's stock after acquiring an additional 2,517 shares during the period. Soros Capital Management LLC's holdings in Constellation Brands were worth $3,517,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Cadence Bank raised its position in shares of Constellation Brands by 1.0% in the 3rd quarter. Cadence Bank now owns 36,388 shares of the company's stock worth $9,377,000 after acquiring an additional 354 shares in the last quarter. D.A. Davidson & CO. raised its position in shares of Constellation Brands by 11.2% in the 3rd quarter. D.A. Davidson & CO. now owns 57,087 shares of the company's stock worth $14,711,000 after acquiring an additional 5,747 shares in the last quarter. Patton Albertson Miller Group LLC raised its position in shares of Constellation Brands by 0.6% in the 3rd quarter. Patton Albertson Miller Group LLC now owns 24,258 shares of the company's stock worth $6,251,000 after acquiring an additional 154 shares in the last quarter. Private Trust Co. NA raised its position in shares of Constellation Brands by 2.7% in the 3rd quarter. Private Trust Co. NA now owns 11,533 shares of the company's stock worth $2,972,000 after acquiring an additional 306 shares in the last quarter. Finally, Mirabella Financial Services LLP bought a new position in shares of Constellation Brands in the 3rd quarter worth approximately $1,255,000. Institutional investors own 77.34% of the company's stock.

Constellation Brands Price Performance

Shares of Constellation Brands stock opened at $233.68 on Wednesday. The stock's 50-day simple moving average is $242.42 and its 200-day simple moving average is $247.08. Constellation Brands, Inc. has a 52 week low of $224.76 and a 52 week high of $274.87. The company has a market capitalization of $42.43 billion, a price-to-earnings ratio of 75.62, a PEG ratio of 1.71 and a beta of 0.90. The company has a quick ratio of 0.53, a current ratio of 1.25 and a debt-to-equity ratio of 1.31.

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 business had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.95 billion. During the same period in the previous year, the business earned $3.70 earnings per share. The business's revenue was up 2.9% on a year-over-year basis. As a group, analysts expect that Constellation Brands, Inc. will post 13.57 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Tuesday, November 5th were issued a $1.01 dividend. The ex-dividend date was Tuesday, November 5th. This represents a $4.04 annualized dividend and a dividend yield of 1.73%. Constellation Brands's dividend payout ratio (DPR) is 130.74%.

Insider Transactions at Constellation Brands

In other news, EVP Samuel J. Glaetzer sold 1,510 shares of Constellation Brands stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $245.57, for a total value of $370,810.70. Following 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 23.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP James A. Jr. Sabia sold 36,086 shares of Constellation Brands stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $242.99, for a total value of $8,768,537.14. Following the completion of the sale, the executive vice president now directly owns 16,042 shares in the company, valued at $3,898,045.58. This trade represents a 69.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 189,956 shares of company stock valued at $46,058,091. 12.19% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Evercore ISI reduced their price objective on Constellation Brands from $310.00 to $300.00 and set an "outperform" rating for the company in a research report on Friday, October 4th. Barclays reduced their price objective on Constellation Brands from $309.00 to $300.00 and set an "overweight" rating for the company in a research report on Monday, October 7th. BMO Capital Markets reduced their price objective on Constellation Brands from $315.00 to $305.00 and set an "outperform" rating for the company in a research report on Tuesday, October 15th. Morgan Stanley reduced their price objective on Constellation Brands from $305.00 to $280.00 and set an "overweight" rating for the company in a research report on Monday, August 26th. Finally, Wells Fargo & Company reduced their price objective on Constellation Brands from $300.00 to $295.00 and set an "overweight" rating for the company in a research report on Tuesday. Five analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $289.16.

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.

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