HBW Advisory Services LLC Reduces Holdings in Constellation Brands, Inc. (NYSE:STZ)

HBW Advisory Services LLC reduced its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 13.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 2,320 shares of the company’s stock after selling 354 shares during the period. HBW Advisory Services LLC’s holdings in Constellation Brands were worth $598,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. New Millennium Group LLC purchased a new position in Constellation Brands during the 2nd quarter valued at about $25,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Constellation Brands in the second quarter worth approximately $29,000. Horizon Bancorp Inc. IN purchased a new position in Constellation Brands in the second quarter worth approximately $32,000. YHB Investment Advisors Inc. purchased a new stake in shares of Constellation Brands in the 1st quarter valued at approximately $35,000. Finally, Kapitalo Investimentos Ltda acquired a new position in shares of Constellation Brands in the fourth quarter valued at approximately $35,000. 77.34% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Constellation Brands

In other news, EVP Kaneenat Kristann Carey sold 977 shares of the firm’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $261.00, for a total value of $254,997.00. Following the completion of the sale, the executive vice president now directly owns 2,706 shares of the company’s stock, valued at approximately $706,266. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, EVP Kaneenat Kristann Carey sold 977 shares of the company’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $261.00, for a total value of $254,997.00. Following the transaction, the executive vice president now directly owns 2,706 shares of the company’s stock, valued at approximately $706,266. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Daniel J. Mccarthy sold 1,854 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $252.43, for a total transaction of $468,005.22. Following the transaction, the director now owns 3,232 shares in the company, valued at approximately $815,853.76. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,414 shares of company stock worth $3,982,922 over the last 90 days. Corporate insiders own 12.19% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on STZ. Barclays boosted their price target on shares of Constellation Brands from $295.00 to $309.00 and gave the company an “overweight” rating in a research report on Tuesday, September 24th. Royal Bank of Canada reissued an “outperform” rating and issued a $308.00 price objective on shares of Constellation Brands in a research report on Friday. Evercore ISI reduced their price objective on Constellation Brands from $310.00 to $300.00 and set an “outperform” rating on the stock in a research note on Friday. Jefferies Financial Group raised their price target on shares of Constellation Brands from $310.00 to $311.00 and gave the company a “buy” rating in a report on Friday, July 5th. Finally, UBS Group reduced their price target on shares of Constellation Brands from $320.00 to $295.00 and set a “buy” rating on the stock in a research report on Monday, September 9th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, Constellation Brands presently has a consensus rating of “Moderate Buy” and an average price target of $295.75.

Constellation Brands Price Performance

Shares of Constellation Brands stock traded up $3.02 on Friday, reaching $246.67. 1,351,402 shares of the stock were exchanged, compared to its average volume of 1,183,067. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.53 and a current ratio of 1.19. The firm has a market cap of $45.13 billion, a PE ratio of 18.38, a P/E/G ratio of 1.74 and a beta of 1.75. Constellation Brands, Inc. has a one year low of $227.50 and a one year high of $274.87. The firm’s 50 day moving average is $246.53 and its 200-day moving average is $253.50.

Constellation Brands (NYSE:STZ) last released its earnings results on Thursday, October 3rd. The company reported $4.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.08 by $0.24. Constellation Brands had a net margin of 22.70% and a return on equity of 23.72%. The business 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 business earned $3.70 earnings per share. Constellation Brands’s revenue for the quarter was up 2.9% on a year-over-year basis. As a group, analysts anticipate that Constellation Brands, Inc. will post 13.53 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Tuesday, November 5th will be issued a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date is Tuesday, November 5th. Constellation Brands’s payout ratio is 30.10%.

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.