Constellation Brands, Inc. (NYSE:STZ) Shares Bought by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB lifted its stake in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 260.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 20,495 shares of the company's stock after acquiring an additional 14,813 shares during the period. Wilmington Savings Fund Society FSB's holdings in Constellation Brands were worth $5,281,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of STZ. New Millennium Group LLC acquired a new position in shares of Constellation Brands during the 2nd quarter valued at $25,000. Horizon Bancorp Inc. IN acquired a new position in Constellation Brands during the second quarter worth $32,000. Ashton Thomas Private Wealth LLC acquired a new position in Constellation Brands during the second quarter worth $36,000. Wellington Shields & Co. LLC raised its holdings in Constellation Brands by 50.0% during the second quarter. Wellington Shields & Co. LLC now owns 150 shares of the company's stock worth $39,000 after buying an additional 50 shares during the last quarter. Finally, Eastern Bank acquired a new position in Constellation Brands during the third quarter worth $39,000. Institutional investors and hedge funds own 77.34% of the company's stock.

Insider Activity

In other news, major shareholder Wildstar Partners Llc sold 660 shares of the firm's stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $241.00, for a total value of $159,060.00. Following the completion of the sale, the insider now directly owns 1,736,884 shares of the company's stock, valued at $418,589,044. This trade represents a 0.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP James A. Jr. Sabia sold 36,086 shares of the firm's stock in a transaction 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 directly owns 16,042 shares of the company's stock, 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. In the last 90 days, insiders have sold 189,956 shares of company stock worth $46,058,091. 12.19% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

STZ has been the topic of several research reports. Roth Mkm restated a "buy" rating and set a $298.00 price objective on shares of Constellation Brands in a report on Friday, October 4th. JPMorgan Chase & Co. reduced their price target on shares of Constellation Brands from $307.00 to $293.00 and set an "overweight" rating for the company in a research report on Friday, October 4th. BMO Capital Markets reduced their price target on shares of Constellation Brands from $315.00 to $305.00 and set an "outperform" rating for the company in a research report on Tuesday, October 15th. Royal Bank of Canada restated an "outperform" rating and set a $308.00 price target on shares of Constellation Brands in a research report on Tuesday, November 19th. Finally, Truist Financial dropped their price objective on shares of Constellation Brands from $265.00 to $255.00 and set a "hold" rating on the stock in a report on Friday, October 4th. Five investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $288.70.

Constellation Brands Stock Up 0.1 %

NYSE STZ traded up $0.24 during trading on Friday, hitting $239.69. The company's stock had a trading volume of 480,985 shares, compared to its average volume of 1,206,650. 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 company has a market cap of $43.52 billion, a PE ratio of 77.49, a P/E/G ratio of 1.69 and a beta of 0.90. The business's 50 day simple moving average is $239.13 and its 200-day simple moving average is $246.08. Constellation Brands, Inc. has a fifty-two week low of $224.76 and a fifty-two week high of $274.87.

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, topping 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 company had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.95 billion. During the same quarter in the previous year, the company posted $3.70 earnings per share. The firm's revenue for the quarter was up 2.9% compared to the same quarter last year. On average, equities analysts anticipate that Constellation Brands, Inc. will post 13.57 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The firm also recently disclosed 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 of this dividend was Tuesday, November 5th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.69%. Constellation Brands's payout ratio is currently 130.74%.

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.