Constellation Brands, Inc. (NYSE:STZ) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank lessened its stake in Constellation Brands, Inc. (NYSE:STZ) by 7.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 94,601 shares of the company’s stock after selling 7,633 shares during the quarter. Toronto Dominion Bank owned approximately 0.05% of Constellation Brands worth $25,709,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. YHB Investment Advisors Inc. purchased a new stake in shares of Constellation Brands during the first quarter worth about $35,000. Kapitalo Investimentos Ltda purchased a new stake in Constellation Brands during the 4th quarter worth approximately $35,000. First Financial Corp IN acquired a new position in shares of Constellation Brands during the first quarter valued at approximately $35,000. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Constellation Brands in the fourth quarter valued at approximately $37,000. Finally, Fidelis Capital Partners LLC acquired a new stake in shares of Constellation Brands in the first quarter worth approximately $45,000. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Constellation Brands Stock Up 1.6 %

Shares of STZ traded up $4.10 during midday trading on Friday, reaching $253.48. The stock had a trading volume of 846,431 shares, compared to its average volume of 1,287,151. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.19 and a quick ratio of 0.53. The company’s fifty day simple moving average is $252.86 and its two-hundred day simple moving average is $255.08. The company has a market cap of $46.38 billion, a price-to-earnings ratio of 18.89, a PEG ratio of 1.64 and a beta of 1.75. Constellation Brands, Inc. has a 1-year low of $227.50 and a 1-year high of $274.87.

Constellation Brands (NYSE:STZ) last posted its earnings results on Wednesday, July 3rd. The company reported $3.57 earnings per share for the quarter, topping the consensus estimate of $3.46 by $0.11. The firm had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.67 billion. Constellation Brands had a return on equity of 23.72% and a net margin of 22.70%. The firm’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.91 earnings per share. Equities research analysts expect that Constellation Brands, Inc. will post 13.57 earnings per share for the current year.

Constellation Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Wednesday, August 14th will be given a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend is Wednesday, August 14th. Constellation Brands’s dividend payout ratio (DPR) is 30.10%.

Insider Buying and Selling

In other Constellation Brands news, EVP Kaneenat Kristann Carey sold 977 shares of the company’s stock in a transaction on 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 transaction, the executive vice president now owns 2,706 shares in the company, valued at $706,266. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Michael Mcgrew sold 3,237 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $255.50, for a total transaction of $827,053.50. Following the completion of the sale, the executive vice president now owns 1,731 shares in the company, valued at approximately $442,270.50. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Kaneenat Kristann Carey sold 977 shares of Constellation Brands stock in a transaction on Friday, July 12th. The shares were sold at an average price of $261.00, for a total transaction of $254,997.00. Following the completion of the transaction, the executive vice president now owns 2,706 shares in the company, valued at $706,266. The disclosure for this sale can be found here. Insiders have sold 29,214 shares of company stock worth $7,620,551 in the last ninety days. 12.19% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently commented on the company. Royal Bank of Canada restated an “outperform” rating and issued a $308.00 price objective on shares of Constellation Brands in a report on Tuesday, May 28th. Jefferies Financial Group upped their price objective on shares of Constellation Brands from $310.00 to $311.00 and gave the company a “buy” rating in a research note on Friday, July 5th. Deutsche Bank Aktiengesellschaft boosted their price objective on Constellation Brands from $256.00 to $262.00 and gave the stock a “hold” rating in a research note on Wednesday, April 10th. Wedbush reissued an “outperform” rating and issued a $300.00 price objective on shares of Constellation Brands in a report on Wednesday, April 10th. Finally, JPMorgan Chase & Co. increased their price target on shares of Constellation Brands from $291.00 to $320.00 and gave the company an “overweight” rating in a research note on Friday, July 5th. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $300.28.

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.