XTX Topco Ltd Has $1.41 Million Stock Holdings in Constellation Brands, Inc. (NYSE:STZ)

XTX Topco Ltd cut its holdings in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 39.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,486 shares of the company's stock after selling 3,550 shares during the period. XTX Topco Ltd's holdings in Constellation Brands were worth $1,414,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. New Millennium Group LLC acquired a new stake in shares of Constellation Brands during the 2nd quarter valued at $25,000. Horizon Bancorp Inc. IN purchased a new stake in shares of Constellation Brands during the second quarter valued at $32,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Constellation Brands during the second quarter valued at $36,000. Wellington Shields & Co. LLC boosted its position in shares of Constellation Brands by 50.0% in the 2nd quarter. Wellington Shields & Co. LLC now owns 150 shares of the company's stock valued at $39,000 after purchasing an additional 50 shares during the period. Finally, Eastern Bank purchased a new position in Constellation Brands in the 3rd quarter worth about $39,000. 77.34% of the stock is currently owned by institutional investors.

Constellation Brands Stock Up 2.2 %

Shares of Constellation Brands stock traded up $5.31 during midday trading on Monday, reaching $244.31. 1,322,721 shares of the company's stock traded hands, compared to its average volume of 1,208,638. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.53 and a current ratio of 1.25. The company has a market cap of $44.36 billion, a price-to-earnings ratio of 79.06, a price-to-earnings-growth ratio of 1.69 and a beta of 0.90. Constellation Brands, Inc. has a 52 week low of $224.76 and a 52 week high of $274.87. The company's 50 day simple moving average is $239.83 and its 200 day simple moving average is $246.21.

Constellation Brands (NYSE:STZ - Get Free Report) last announced its 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. 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 analysts' expectations of $2.95 billion. During the same quarter in the prior year, the business earned $3.70 earnings per share. The company's revenue was up 2.9% on a year-over-year basis. Equities analysts expect that Constellation Brands, Inc. will post 13.57 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Tuesday, November 5th were given a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 1.65%. The ex-dividend date was Tuesday, November 5th. Constellation Brands's dividend payout ratio is currently 130.74%.

Insider Buying and Selling at Constellation Brands

In related news, CEO William A. Newlands sold 25,000 shares of the company's stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $243.58, for a total value of $6,089,500.00. Following the sale, the chief executive officer now owns 7,274 shares of the company's stock, valued at $1,771,800.92. The trade was a 77.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Wildstar Partners Llc sold 660 shares of the 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 transaction, the insider now directly owns 1,736,884 shares of the company's stock, valued at approximately $418,589,044. The trade was a 0.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 189,956 shares of company stock valued at $46,058,091 in the last 90 days. 12.19% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Bank of America reiterated a "neutral" rating and issued a $255.00 target price (down from $300.00) on shares of Constellation Brands in a report on Monday, October 7th. Roth Mkm reaffirmed a "buy" rating and issued a $298.00 price objective on shares of Constellation Brands in a research note on Friday, October 4th. JPMorgan Chase & Co. cut their target price on shares of Constellation Brands from $307.00 to $293.00 and set an "overweight" rating on the stock in a research note on Friday, October 4th. Needham & Company LLC began coverage on Constellation Brands in a report on Friday. They issued a "buy" rating and a $280.00 target price for the company. Finally, Barclays lowered their price target on Constellation Brands from $309.00 to $300.00 and set an "overweight" rating on the stock in a report on Monday, October 7th. Five research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $288.70.

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.