Sequoia Financial Advisors LLC Has $471,000 Stock Holdings in Constellation Brands Inc (NYSE:STZ)

Sequoia Financial Advisors LLC reduced its position in Constellation Brands Inc (NYSE:STZ - Free Report) by 54.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 2,564 shares of the company's stock after selling 3,051 shares during the period. Sequoia Financial Advisors LLC's holdings in Constellation Brands were worth $471,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in STZ. Mainstream Capital Management LLC acquired a new stake in Constellation Brands in the fourth quarter worth about $25,000. SBI Securities Co. Ltd. bought a new position in shares of Constellation Brands in the 4th quarter valued at about $26,000. Minot DeBlois Advisors LLC acquired a new stake in shares of Constellation Brands during the 4th quarter worth approximately $29,000. Optiver Holding B.V. bought a new stake in shares of Constellation Brands during the fourth quarter worth approximately $31,000. Finally, Laurel Wealth Advisors LLC bought a new stake in shares of Constellation Brands during the first quarter worth approximately $32,000. Institutional investors own 77.34% of the company's stock.

Insider Activity at Constellation Brands

In related news, EVP Samuel J. Glaetzer sold 3,150 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $188.54, for a total value of $593,901.00. Following the transaction, the executive vice president owned 3,126 shares in the company, valued at approximately $589,376.04. This represents a 50.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 12.45% of the company's stock.

Constellation Brands Stock Performance

NYSE:STZ traded down $1.26 during mid-day trading on Thursday, hitting $172.61. The stock had a trading volume of 1,808,258 shares, compared to its average volume of 1,913,892. The company's 50 day simple moving average is $177.66 and its 200 day simple moving average is $184.47. The stock has a market cap of $30.73 billion, a price-to-earnings ratio of -72.22, a PEG ratio of 9.20 and a beta of 0.67. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.56 and a current ratio of 0.92. Constellation Brands Inc has a twelve month low of $159.35 and a twelve month high of $264.45.

Constellation Brands (NYSE:STZ - Get Free Report) last issued its earnings results on Tuesday, July 1st. The company reported $3.22 EPS for the quarter, missing the consensus estimate of $3.45 by ($0.23). Constellation Brands had a positive return on equity of 31.15% and a negative net margin of 4.11%. The business had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter in the prior year, the firm posted $3.57 earnings per share. The business's revenue was down 5.5% compared to the same quarter last year. On average, equities research analysts forecast that Constellation Brands Inc will post 13.5 earnings per share for the current year.

Constellation Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Wednesday, July 30th will be paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend is Wednesday, July 30th. Constellation Brands's dividend payout ratio is presently -800.00%.

Wall Street Analyst Weigh In

STZ has been the subject of a number of analyst reports. Citigroup lifted their price objective on Constellation Brands from $170.00 to $174.00 and gave the stock a "neutral" rating in a research note on Thursday. BMO Capital Markets lowered their price target on Constellation Brands from $260.00 to $215.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Roth Capital reduced their price objective on shares of Constellation Brands from $256.00 to $239.00 and set a "buy" rating on the stock in a research note on Tuesday, May 20th. Bank of America boosted their price objective on shares of Constellation Brands from $180.00 to $182.00 and gave the company a "neutral" rating in a report on Thursday. Finally, Barclays set a $202.00 target price on shares of Constellation Brands and gave the stock an "overweight" rating in a report on Thursday, June 26th. Eleven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $213.35.

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.