Constellation Brands, Inc. (NYSE:STZ) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its holdings in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 7.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,109,109 shares of the company's stock after selling 91,813 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.61% of Constellation Brands worth $285,806,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Fiduciary Trust Co lifted its position in shares of Constellation Brands by 2.4% in the third quarter. Fiduciary Trust Co now owns 5,231 shares of the company's stock valued at $1,348,000 after acquiring an additional 123 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Constellation Brands by 12.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 80,025 shares of the company's stock valued at $20,622,000 after acquiring an additional 9,154 shares in the last quarter. FORA Capital LLC lifted its position in shares of Constellation Brands by 365.5% in the third quarter. FORA Capital LLC now owns 18,929 shares of the company's stock valued at $4,878,000 after acquiring an additional 14,863 shares in the last quarter. CreativeOne Wealth LLC purchased a new position in shares of Constellation Brands in the third quarter valued at approximately $565,000. Finally, Glenmede Trust Co. NA lifted its position in shares of Constellation Brands by 16.5% in the third quarter. Glenmede Trust Co. NA now owns 3,908 shares of the company's stock valued at $1,007,000 after acquiring an additional 554 shares in the last quarter. Hedge funds and other institutional investors own 77.34% of the company's stock.

Insider Transactions at Constellation Brands

In related news, major shareholder Wildstar Partners Llc sold 660 shares of the business's 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 owns 1,736,884 shares in the company, valued at $418,589,044. The trade was a 0.04 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP James A. Jr. Sabia sold 36,086 shares of the business's stock in a transaction that occurred on 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 transaction, the executive vice president now owns 16,042 shares in the company, valued at $3,898,045.58. The trade was a 69.23 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 189,956 shares of company stock worth $46,058,091. Corporate insiders own 12.19% of the company's stock.

Constellation Brands Stock Up 2.1 %

NYSE:STZ traded up $4.98 during midday trading on Friday, reaching $240.95. The company had a trading volume of 833,709 shares, compared to its average volume of 1,206,769. The firm has a market capitalization of $43.75 billion, a price-to-earnings ratio of 77.98, a PEG ratio of 1.67 and a beta of 1.75. The stock's fifty day simple moving average is $241.72 and its 200-day simple moving average is $246.80. Constellation Brands, Inc. has a 12-month low of $224.76 and a 12-month high of $274.87. The company has a current ratio of 1.25, a quick ratio of 0.53 and a debt-to-equity ratio of 1.31.

Constellation Brands (NYSE:STZ - Get Free Report) last announced its quarterly earnings results on Thursday, October 3rd. The company reported $4.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.08 by $0.24. The company 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 revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the previous year, the business earned $3.70 EPS. On average, sell-side analysts anticipate that Constellation Brands, Inc. will post 13.57 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Tuesday, November 5th were given a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend was Tuesday, November 5th. Constellation Brands's dividend payout ratio (DPR) is currently 130.74%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on STZ. UBS Group decreased their target price on Constellation Brands from $320.00 to $295.00 and set a "buy" rating on the stock in a research report on Monday, September 9th. Evercore ISI cut their price target on Constellation Brands from $310.00 to $300.00 and set an "outperform" rating for the company in a report on Friday, October 4th. Wells Fargo & Company cut their price target on Constellation Brands from $300.00 to $295.00 and set an "overweight" rating for the company in a report on Tuesday. Roth Mkm reaffirmed a "buy" rating and issued a $298.00 price target on shares of Constellation Brands in a report on Friday, October 4th. Finally, TD Cowen cut Constellation Brands from a "buy" rating to a "hold" rating and cut their price target for the company from $300.00 to $270.00 in a report on Tuesday, October 8th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, Constellation Brands has an average rating of "Moderate Buy" and a consensus price target of $289.16.

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.