Constellation Brands Inc (NYSE:STZ) Shares Sold by TD Private Client Wealth LLC

TD Private Client Wealth LLC reduced its holdings in shares of Constellation Brands Inc (NYSE:STZ - Free Report) by 35.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,439 shares of the company's stock after selling 1,910 shares during the quarter. TD Private Client Wealth LLC's holdings in Constellation Brands were worth $631,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SBI Securities Co. Ltd. bought a new position in shares of Constellation Brands in the fourth quarter valued at $26,000. Minot DeBlois Advisors LLC bought a new position in shares of Constellation Brands in the fourth quarter valued at $29,000. Optiver Holding B.V. bought a new position in shares of Constellation Brands in the fourth quarter valued at $31,000. Laurel Wealth Advisors LLC bought a new position in shares of Constellation Brands in the first quarter valued at $32,000. Finally, Rakuten Securities Inc. grew its stake in shares of Constellation Brands by 805.0% in the first quarter. Rakuten Securities Inc. now owns 181 shares of the company's stock valued at $33,000 after buying an additional 161 shares in the last quarter. 77.34% of the stock is owned by institutional investors.

Insider Buying and Selling at Constellation Brands

In related news, EVP Samuel J. Glaetzer sold 3,150 shares of Constellation Brands stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $188.54, for a total value of $593,901.00. Following the completion of the sale, the executive vice president directly owned 3,126 shares in the company, valued at $589,376.04. The trade was a 50.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 12.45% of the company's stock.

Analyst Ratings Changes

STZ has been the subject of several analyst reports. JPMorgan Chase & Co. raised their target price on shares of Constellation Brands from $170.00 to $182.00 and gave the company a "neutral" rating in a research note on Thursday, July 3rd. Cowen reaffirmed a "hold" rating on shares of Constellation Brands in a report on Monday, July 7th. UBS Group raised their price target on Constellation Brands from $195.00 to $205.00 and gave the company a "buy" rating in a report on Thursday, July 3rd. Piper Sandler raised their price target on Constellation Brands from $165.00 to $170.00 and gave the company a "neutral" rating in a report on Friday, June 6th. Finally, Raymond James Financial raised Constellation Brands to a "strong-buy" rating in a report on Monday, July 7th. Eleven analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $213.74.

Constellation Brands Trading Up 0.1%

NYSE:STZ traded up $0.15 during trading hours on Friday, hitting $172.27. The company had a trading volume of 1,370,929 shares, compared to its average volume of 1,922,487. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.07 and a quick ratio of 0.68. The company has a market capitalization of $30.67 billion, a PE ratio of -72.08, a price-to-earnings-growth ratio of 10.42 and a beta of 0.67. The stock has a 50-day moving average price of $175.56 and a 200 day moving average price of $181.71. Constellation Brands Inc has a 52 week low of $159.35 and a 52 week 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 earnings per share for the quarter, missing analysts' consensus estimates of $3.45 by ($0.23). The business had revenue of $2.52 billion during the quarter, compared to analysts' expectations of $2.57 billion. Constellation Brands had a positive return on equity of 31.41% and a negative net margin of 4.11%. Constellation Brands's quarterly revenue was down 5.5% compared to the same quarter last year. During the same period last year, the firm posted $3.57 EPS. On average, equities research analysts predict that Constellation Brands Inc will post 13.5 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Investors of record on Wednesday, July 30th will be given a $1.02 dividend. The ex-dividend date of this dividend is Wednesday, July 30th. This represents a $4.08 dividend on an annualized basis and a yield of 2.37%. Constellation Brands's dividend payout ratio is presently -170.71%.

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.