Townsquare Capital LLC Sells 4,070 Shares of Constellation Brands, Inc. (NYSE:STZ)

Townsquare Capital LLC lowered its holdings in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 40.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,042 shares of the company's stock after selling 4,070 shares during the period. Townsquare Capital LLC's holdings in Constellation Brands were worth $1,557,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Oakworth Capital Inc. raised its stake in shares of Constellation Brands by 4.4% in the 3rd quarter. Oakworth Capital Inc. now owns 989 shares of the company's stock valued at $255,000 after acquiring an additional 42 shares in the last quarter. PFG Investments LLC increased its holdings in shares of Constellation Brands by 3.8% during the third quarter. PFG Investments LLC now owns 1,150 shares of the company's stock worth $296,000 after buying an additional 42 shares in the last quarter. Brighton Jones LLC lifted its position in 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 buying an additional 43 shares in the last quarter. Metis Global Partners LLC increased its stake in shares of Constellation Brands by 0.8% in the 3rd quarter. Metis Global Partners LLC now owns 5,570 shares of the company's stock valued at $1,435,000 after buying an additional 46 shares during the period. Finally, Umpqua Bank lifted its holdings in 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 buying an additional 49 shares during the period. 77.34% of the stock is currently owned by institutional investors.

Constellation Brands Trading Down 1.3 %

STZ stock traded down $3.19 during midday trading on Monday, hitting $237.76. The stock had a trading volume of 1,242,589 shares, compared to its average volume of 1,206,923. The company's 50-day moving average price is $241.72 and its 200 day moving average price is $246.71. Constellation Brands, Inc. has a 12-month low of $224.76 and a 12-month high of $274.87. The firm has a market cap of $43.17 billion, a PE ratio of 76.94, a price-to-earnings-growth ratio of 1.70 and a beta of 1.75. 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 (NYSE:STZ - Get Free Report) last issued its quarterly earnings results on Thursday, October 3rd. The company reported $4.32 EPS for the quarter, beating 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 firm had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.95 billion. During the same quarter in the prior year, the business posted $3.70 earnings per share. Constellation Brands's revenue for the quarter was up 2.9% on a year-over-year basis. On average, equities research analysts predict that Constellation Brands, Inc. will post 13.57 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Tuesday, November 5th were given a $1.01 dividend. The ex-dividend date was Tuesday, November 5th. This represents a $4.04 annualized dividend and a dividend yield of 1.70%. Constellation Brands's dividend payout ratio (DPR) is presently 130.74%.

Insider Buying and Selling at Constellation Brands

In other news, CEO William A. Newlands sold 7,426 shares of the firm's 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 transaction, the chief executive officer now directly owns 7,274 shares of the company's stock, valued at $1,725,683.76. This trade represents a 50.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Wildstar Partners Llc sold 660 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $241.00, for a total transaction of $159,060.00. Following the completion of the sale, the insider now owns 1,736,884 shares of the company's stock, valued at approximately $418,589,044. This represents a 0.04 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 189,956 shares of company stock worth $46,058,091. 12.19% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on STZ shares. Bank of America reaffirmed a "neutral" rating and issued a $255.00 price target (down previously from $300.00) on shares of Constellation Brands in a research note on Monday, October 7th. BNP Paribas began coverage on shares of Constellation Brands in a research report on Monday, November 25th. They issued a "neutral" rating and a $261.00 target price for the company. Evercore ISI lowered their price objective on shares of Constellation Brands from $310.00 to $300.00 and set an "outperform" rating for the company in a research report on Friday, October 4th. Wells Fargo & Company reduced their target price on shares of Constellation Brands from $300.00 to $295.00 and set an "overweight" rating on the stock in a report on Tuesday, November 26th. Finally, Barclays dropped their price objective on Constellation Brands from $309.00 to $300.00 and set an "overweight" rating on the stock in a research note on Monday, October 7th. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $289.16.

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.