Wilkinson Global Asset Management LLC Sells 50 Shares of Constellation Brands, Inc. (NYSE:STZ)

Wilkinson Global Asset Management LLC cut its stake in Constellation Brands, Inc. (NYSE:STZ) by 3.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,355 shares of the company’s stock after selling 50 shares during the period. Wilkinson Global Asset Management LLC’s holdings in Constellation Brands were worth $349,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in STZ. Manning & Napier Advisors LLC acquired a new stake in shares of Constellation Brands during the second quarter worth $119,394,000. Vanguard Group Inc. grew its holdings in Constellation Brands by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 13,705,793 shares of the company’s stock worth $3,724,686,000 after acquiring an additional 462,891 shares during the period. Capital International Sarl raised its position in shares of Constellation Brands by 35.9% in the 1st quarter. Capital International Sarl now owns 10,462 shares of the company’s stock worth $2,843,000 after acquiring an additional 2,764 shares in the last quarter. Clearbridge Investments LLC lifted its stake in shares of Constellation Brands by 1.1% in the 1st quarter. Clearbridge Investments LLC now owns 503,058 shares of the company’s stock valued at $136,711,000 after purchasing an additional 5,302 shares during the period. Finally, Sei Investments Co. lifted its stake in shares of Constellation Brands by 4.1% in the 1st quarter. Sei Investments Co. now owns 176,403 shares of the company’s stock valued at $47,939,000 after purchasing an additional 6,924 shares during the period. 77.34% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Robert Sands sold 119,274 shares of the firm’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $242.37, for a total transaction of $28,908,439.38. Following the completion of the sale, the director now directly owns 431,729 shares of the company’s stock, valued at $104,638,157.73. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, EVP Samuel J. Glaetzer sold 1,510 shares of the stock in a transaction on Monday, October 14th. The stock was sold at an average price of $245.57, for a total transaction of $370,810.70. Following the completion of the transaction, the executive vice president now owns 4,970 shares in the company, valued at approximately $1,220,482.90. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert Sands sold 119,274 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $242.37, for a total transaction of $28,908,439.38. Following the completion of the sale, the director now directly owns 431,729 shares in the company, valued at approximately $104,638,157.73. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 128,210 shares of company stock worth $31,040,994. 12.19% of the stock is owned by company insiders.

Constellation Brands Stock Performance

NYSE STZ opened at $229.65 on Thursday. The company has a fifty day moving average price of $245.09 and a 200-day moving average price of $249.15. The firm has a market cap of $41.70 billion, a price-to-earnings ratio of 74.32, a PEG ratio of 1.64 and a beta of 0.90. 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, Inc. has a 1 year low of $224.76 and a 1 year high of $274.87.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings data 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 net margin of 5.29% and a return on equity of 25.34%. The business had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.95 billion. During the same period in the prior year, the firm posted $3.70 EPS. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. As a group, equities research analysts predict that Constellation Brands, Inc. will post 13.57 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Tuesday, November 5th will be issued a dividend of $1.01 per share. The ex-dividend date of this dividend is Tuesday, November 5th. This represents a $4.04 dividend on an annualized basis and a yield of 1.76%. Constellation Brands’s dividend payout ratio (DPR) is currently 130.74%.

Wall Street Analyst Weigh In

STZ has been the subject of a number of research analyst reports. BMO Capital Markets lowered their target price on Constellation Brands from $315.00 to $305.00 and set an “outperform” rating for the company in a report on Tuesday, October 15th. JPMorgan Chase & Co. dropped 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 report on Friday, October 4th. Evercore ISI reduced their price target on shares of Constellation Brands from $310.00 to $300.00 and set an “outperform” rating for the company in a report on Friday, October 4th. TD Cowen cut shares of Constellation Brands from a “buy” rating to a “hold” rating and cut their price objective for the stock from $300.00 to $270.00 in a research report on Tuesday, October 8th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $308.00 target price on shares of Constellation Brands in a research note on Friday, October 4th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $290.47.

Constellation Brands 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.