Cobblestone Capital Advisors LLC NY Buys 330 Shares of Constellation Brands, Inc. (NYSE:STZ)

Cobblestone Capital Advisors LLC NY increased its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 3.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,785 shares of the company’s stock after purchasing an additional 330 shares during the quarter. Cobblestone Capital Advisors LLC NY’s holdings in Constellation Brands were worth $2,264,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. New Millennium Group LLC acquired a new position in shares of Constellation Brands in the 2nd quarter valued at approximately $25,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Constellation Brands during the second quarter valued at approximately $29,000. Horizon Bancorp Inc. IN bought a new stake in Constellation Brands during the second quarter worth $32,000. LRI Investments LLC acquired a new stake in shares of Constellation Brands in the 1st quarter valued at $37,000. Finally, Opal Wealth Advisors LLC bought a new position in shares of Constellation Brands in the 2nd quarter valued at $36,000. Institutional investors own 77.34% of the company’s stock.

Insider Transactions at Constellation Brands

In other news, major shareholder Wildstar Partners Llc sold 660 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $241.00, for a total transaction of $159,060.00. Following the transaction, the insider now owns 1,736,884 shares of the company’s stock, valued at $418,589,044. This represents a 0.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Samuel J. Glaetzer sold 1,510 shares of the business’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $245.57, for a total value of $370,810.70. Following the completion of the sale, the executive vice president now directly owns 4,970 shares of the company’s stock, valued at $1,220,482.90. The trade was a 23.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 189,956 shares of company stock valued at $46,058,091 in the last quarter. 12.19% of the stock is currently owned by company insiders.

Constellation Brands Trading Up 2.1 %

STZ opened at $240.95 on Friday. The stock has a market cap of $43.75 billion, a PE ratio of 77.98, a price-to-earnings-growth ratio of 1.67 and a beta of 1.75. The company has a quick ratio of 0.53, a current ratio of 1.25 and a debt-to-equity ratio of 1.31. Constellation Brands, Inc. has a twelve month low of $224.76 and a twelve month high of $274.87. The company has a fifty day moving average of $241.72 and a 200-day moving average of $246.75.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings data on Thursday, October 3rd. The company reported $4.32 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $2.95 billion. During the same period last year, the company posted $3.70 EPS. The business’s quarterly revenue was up 2.9% on a year-over-year basis. On average, sell-side analysts predict that Constellation Brands, Inc. will post 13.57 EPS for the current year.

Constellation Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Tuesday, November 5th were issued a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date was Tuesday, November 5th. Constellation Brands’s payout ratio is 130.74%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Truist Financial dropped their price objective on Constellation Brands from $265.00 to $255.00 and set a “hold” rating for the company in a research report on Friday, October 4th. Morgan Stanley dropped their target price on shares of Constellation Brands from $305.00 to $280.00 and set an “overweight” rating for the company in a report on Monday, August 26th. UBS Group decreased their price target on shares of Constellation Brands from $320.00 to $295.00 and set a “buy” rating on the stock in a report on Monday, September 9th. Wells Fargo & Company decreased their target price on shares of Constellation Brands from $300.00 to $295.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 26th. Finally, Roth Mkm reiterated a “buy” rating and issued a $298.00 price target on shares of Constellation Brands in a research note on Friday, October 4th. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Constellation Brands presently has an average rating of “Moderate Buy” and a consensus price target of $289.16.

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.