Constellation Brands, Inc. (NYSE:STZ) Shares Sold by Tidal Investments LLC

Tidal Investments LLC lowered its stake in Constellation Brands, Inc. (NYSE:STZ - Free Report) by 37.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 8,540 shares of the company's stock after selling 5,052 shares during the quarter. Tidal Investments LLC's holdings in Constellation Brands were worth $2,201,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the stock. Oakworth Capital Inc. boosted its position in Constellation Brands by 4.4% during the third quarter. Oakworth Capital Inc. now owns 989 shares of the company's stock worth $255,000 after acquiring an additional 42 shares during the last quarter. PFG Investments LLC lifted its stake in Constellation Brands by 3.8% in the 3rd quarter. PFG Investments LLC now owns 1,150 shares of the company's stock worth $296,000 after purchasing an additional 42 shares in the last quarter. Brighton Jones LLC boosted its holdings in shares of Constellation Brands by 4.7% during the 2nd quarter. Brighton Jones LLC now owns 950 shares of the company's stock worth $244,000 after purchasing an additional 43 shares during the last quarter. Metis Global Partners LLC grew its position in shares of Constellation Brands by 0.8% in the third quarter. Metis Global Partners LLC now owns 5,570 shares of the company's stock valued at $1,435,000 after purchasing an additional 46 shares in the last quarter. Finally, Umpqua Bank increased its holdings in shares of Constellation Brands by 4.6% in the second quarter. Umpqua Bank now owns 1,124 shares of the company's stock valued at $289,000 after purchasing an additional 49 shares during the last quarter. Institutional investors and hedge funds own 77.34% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on STZ. Morgan Stanley reduced their price objective on shares of Constellation Brands from $305.00 to $280.00 and set an "overweight" rating on the stock in a report on Monday, August 26th. BMO Capital Markets decreased their price objective on shares of Constellation Brands from $315.00 to $305.00 and set an "outperform" rating on the stock in a report on Tuesday, October 15th. TD Cowen cut shares of Constellation Brands from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $300.00 to $270.00 in a research report on Tuesday, October 8th. JPMorgan Chase & Co. cut their target price on Constellation Brands from $307.00 to $293.00 and set an "overweight" rating on the stock in a research report on Friday, October 4th. Finally, Barclays lowered their price target 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. Five investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $288.70.

Constellation Brands Stock Performance

NYSE STZ traded up $0.17 on Tuesday, hitting $233.09. 2,398,843 shares of the company's stock were exchanged, compared to its average volume of 1,216,734. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.25 and a quick ratio of 0.53. Constellation Brands, Inc. has a fifty-two week low of $224.76 and a fifty-two week high of $274.87. The firm has a market cap of $42.32 billion, a price-to-earnings ratio of 75.38, a P/E/G ratio of 1.69 and a beta of 1.75. The firm's 50-day moving average price is $238.79 and its two-hundred day moving average price is $245.94.

Constellation Brands (NYSE:STZ - Get Free Report) last released 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 firm had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.95 billion. Constellation Brands had a return on equity of 25.34% and a net margin of 5.29%. Constellation Brands's quarterly revenue was up 2.9% on a year-over-year basis. During the same period last year, the business posted $3.70 EPS. On average, research analysts expect that Constellation Brands, Inc. will post 13.57 EPS for the current year.

Constellation Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Tuesday, November 5th were paid a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date was Tuesday, November 5th. Constellation Brands's dividend payout ratio is presently 130.74%.

Insiders Place Their Bets

In other news, major shareholder Wildstar Partners Llc sold 660 shares of Constellation Brands stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $241.00, for a total value of $159,060.00. Following the transaction, the insider now directly owns 1,736,884 shares of the company's stock, valued at $418,589,044. The trade was a 0.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP James A. Jr. Sabia sold 36,086 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $242.99, for a total transaction of $8,768,537.14. Following the sale, the executive vice president now directly owns 16,042 shares of the company's stock, valued at approximately $3,898,045.58. This trade represents a 69.23 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 189,956 shares of company stock valued at $46,058,091. Insiders own 12.19% of the company's stock.

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.