Constellation Brands, Inc. (STZ) Shares Sold by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT reduced its holdings in Constellation Brands, Inc. (NYSE:STZ) by 8.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,617 shares of the company’s stock after selling 750 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Constellation Brands were worth $1,858,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. New England Research & Management Inc. acquired a new stake in Constellation Brands in the third quarter valued at approximately $634,000. Toth Financial Advisory Corp grew its holdings in Constellation Brands by 1,469.8% in the second quarter. Toth Financial Advisory Corp now owns 675 shares of the company’s stock valued at $148,000 after purchasing an additional 632 shares during the period. Arrow Financial Corp grew its holdings in Constellation Brands by 4.0% in the second quarter. Arrow Financial Corp now owns 8,946 shares of the company’s stock valued at $1,958,000 after purchasing an additional 341 shares during the period. HRT Financial LLC grew its holdings in Constellation Brands by 71.3% in the second quarter. HRT Financial LLC now owns 22,518 shares of the company’s stock valued at $4,928,000 after purchasing an additional 9,374 shares during the period. Finally, Cozad Asset Management Inc. acquired a new stake in Constellation Brands in the second quarter valued at approximately $5,809,000. 74.35% of the stock is currently owned by institutional investors.

In related news, VP Thomas Michael Kane sold 4,419 shares of Constellation Brands stock in a transaction that occurred on Friday, October 19th. The stock was sold at an average price of $223.83, for a total transaction of $989,104.77. Following the transaction, the vice president now owns 8,499 shares in the company, valued at $1,902,331.17. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Robert Sands sold 151,060 shares of Constellation Brands stock in a transaction that occurred on Monday, October 22nd. The stock was sold at an average price of $223.67, for a total value of $33,787,590.20. Following the transaction, the chief executive officer now owns 737,607 shares in the company, valued at approximately $164,980,557.69. The disclosure for this sale can be found here. In the last quarter, insiders have sold 578,723 shares of company stock worth $129,438,449. 15.80% of the stock is currently owned by company insiders.

Several analysts have commented on the company. ValuEngine raised Constellation Brands from a “hold” rating to a “buy” rating in a report on Friday, October 12th. SunTrust Banks lowered Constellation Brands from a “buy” rating to a “hold” rating and dropped their price objective for the company from $260.00 to $220.00 in a report on Monday, September 10th. Morgan Stanley set a $255.00 price objective on Constellation Brands and gave the company a “buy” rating in a report on Friday, October 5th. JPMorgan Chase & Co. dropped their price objective on Constellation Brands from $260.00 to $250.00 and set a “buy” rating on the stock in a report on Thursday, September 27th. Finally, Deutsche Bank raised their price objective on Constellation Brands from $233.00 to $245.00 and gave the company a “buy” rating in a report on Friday, October 5th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. Constellation Brands presently has a consensus rating of “Buy” and a consensus price target of $246.96.

Shares of NYSE:STZ opened at $199.23 on Thursday. The company has a current ratio of 1.66, a quick ratio of 0.76 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $39.78 billion, a PE ratio of 22.85, a PEG ratio of 1.96 and a beta of 0.01. Constellation Brands, Inc. has a 1 year low of $196.26 and a 1 year high of $236.62.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Thursday, October 4th. The company reported $2.87 EPS for the quarter, topping the Zacks’ consensus estimate of $2.60 by $0.27. Constellation Brands had a return on equity of 18.63% and a net margin of 38.18%. The firm had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.25 billion. During the same quarter last year, the business posted $2.47 earnings per share. The firm’s revenue was up 10.1% compared to the same quarter last year. Research analysts anticipate that Constellation Brands, Inc. will post 9.42 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 20th. Investors of record on Tuesday, November 6th will be given a dividend of $0.74 per share. The ex-dividend date of this dividend is Monday, November 5th. This represents a $2.96 dividend on an annualized basis and a yield of 1.49%. Constellation Brands’s payout ratio is 10.67%.

About Constellation Brands

Constellation Brands, Inc, together with its subsidiaries, produces, imports, and markets beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company sells wine across various categories, including table wine, sparkling wine, and dessert wine. It provides beer primarily under the Corona Extra, Corona Light, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands, as well as Funky Buddha, Obregon Brewery, and Ballast Point brands.

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Institutional Ownership by Quarter for Constellation Brands (NYSE:STZ)

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