Constellation Brands Inc (NYSE:STZ) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC decreased its stake in Constellation Brands Inc (NYSE:STZ - Free Report) by 23.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 105,067 shares of the company's stock after selling 32,957 shares during the quarter. Janney Montgomery Scott LLC owned about 0.06% of Constellation Brands worth $19,282,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Berkshire Hathaway Inc purchased a new stake in Constellation Brands in the 4th quarter worth about $1,242,976,000. Norges Bank bought a new position in shares of Constellation Brands during the fourth quarter valued at approximately $445,883,000. Vanguard Group Inc. raised its holdings in shares of Constellation Brands by 13.3% in the fourth quarter. Vanguard Group Inc. now owns 15,534,787 shares of the company's stock worth $3,433,188,000 after buying an additional 1,821,969 shares during the period. D1 Capital Partners L.P. lifted its stake in shares of Constellation Brands by 186.6% during the 4th quarter. D1 Capital Partners L.P. now owns 1,527,689 shares of the company's stock worth $337,619,000 after acquiring an additional 994,639 shares during the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC lifted its stake in shares of Constellation Brands by 42.9% during the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 2,454,258 shares of the company's stock worth $542,391,000 after acquiring an additional 736,780 shares during the last quarter. Institutional investors own 77.34% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Piper Sandler increased their target price on Constellation Brands from $165.00 to $170.00 and gave the stock a "neutral" rating in a research note on Friday, June 6th. Barclays boosted their price target on Constellation Brands from $203.00 to $207.00 and gave the company an "overweight" rating in a report on Monday, April 14th. Royal Bank Of Canada dropped their price objective on Constellation Brands from $289.00 to $233.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Bank of America decreased their target price on Constellation Brands from $195.00 to $180.00 and set a "neutral" rating for the company in a research report on Wednesday. Finally, Truist Financial raised Constellation Brands from a "hold" rating to a "buy" rating and increased their price target for the stock from $190.00 to $215.00 in a research report on Wednesday, May 7th. Eleven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $215.87.

Constellation Brands Stock Down 0.4%

Shares of Constellation Brands stock traded down $0.57 on Thursday, reaching $159.99. The stock had a trading volume of 2,250,392 shares, compared to its average volume of 1,831,986. Constellation Brands Inc has a 1 year low of $159.44 and a 1 year high of $265.70. The company has a 50 day moving average price of $182.12 and a 200 day moving average price of $189.71. The company has a quick ratio of 0.56, a current ratio of 0.92 and a debt-to-equity ratio of 1.30. The stock has a market capitalization of $28.48 billion, a P/E ratio of -313.71, a P/E/G ratio of 8.70 and a beta of 0.70.

Constellation Brands (NYSE:STZ - Get Free Report) last released its quarterly earnings results on Wednesday, April 9th. The company reported $2.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.28 by $0.35. The business had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.14 billion. Constellation Brands had a negative net margin of 0.74% and a positive return on equity of 29.56%. The business's revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the company earned $2.26 earnings per share. As a group, equities research analysts forecast that Constellation Brands Inc will post 13.5 EPS for the current year.

Constellation Brands Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Tuesday, April 29th were given a dividend of $1.02 per share. This is a positive change from Constellation Brands's previous quarterly dividend of $1.01. This represents a $4.08 annualized dividend and a yield of 2.55%. The ex-dividend date was Tuesday, April 29th. Constellation Brands's dividend payout ratio is currently -800.00%.

Insider Buying and Selling at Constellation Brands

In other news, EVP Samuel J. Glaetzer sold 3,150 shares of the business's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $188.54, for a total transaction of $593,901.00. Following the sale, the executive vice president now owns 3,126 shares in the company, valued at approximately $589,376.04. The trade was a 50.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 12.45% of the stock is currently owned by company insiders.

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.