TD Private Client Wealth LLC Has $631,000 Stock Holdings in Constellation Brands Inc (NYSE:STZ)

TD Private Client Wealth LLC decreased its holdings in Constellation Brands Inc (NYSE:STZ - Free Report) by 35.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund 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 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. SBI Securities Co. Ltd. acquired a new stake in shares of Constellation Brands during the fourth quarter valued at approximately $26,000. Minot DeBlois Advisors LLC acquired a new stake in shares of Constellation Brands in the fourth quarter worth $29,000. Optiver Holding B.V. purchased a new position in shares of Constellation Brands during the fourth quarter valued at $31,000. Laurel Wealth Advisors LLC acquired a new position in Constellation Brands during the first quarter valued at $32,000. Finally, Rakuten Securities Inc. lifted its stake in Constellation Brands by 805.0% in the 1st quarter. Rakuten Securities Inc. now owns 181 shares of the company's stock worth $33,000 after acquiring an additional 161 shares in the last quarter. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Constellation Brands Stock Performance

Shares of STZ traded up $3.13 on Thursday, reaching $172.17. 2,082,942 shares of the stock traded hands, compared to its average volume of 1,918,215. The firm has a market cap of $30.65 billion, a price-to-earnings ratio of -72.04, a P/E/G ratio of 10.34 and a beta of 0.67. Constellation Brands Inc has a 12 month low of $159.35 and a 12 month high of $264.45. The stock's 50-day moving average price is $176.12 and its 200-day moving average price is $182.45. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.07 and a quick ratio of 0.68.

Constellation Brands (NYSE:STZ - Get Free Report) last posted its quarterly earnings results on Tuesday, July 1st. The company reported $3.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.45 by ($0.23). The business had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.57 billion. Constellation Brands had a positive return on equity of 31.41% and a negative net margin of 4.11%. The business's revenue for the quarter was down 5.5% on a year-over-year basis. During the same period last year, the company earned $3.57 EPS. Equities analysts forecast that Constellation Brands Inc will post 13.5 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Shareholders of record on Wednesday, July 30th will be paid a dividend of $1.02 per share. The ex-dividend date is Wednesday, July 30th. This represents a $4.08 annualized dividend and a yield of 2.37%. Constellation Brands's dividend payout ratio is -170.71%.

Insider Activity

In related news, EVP Samuel J. Glaetzer sold 3,150 shares of the firm's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $188.54, for a total transaction of $593,901.00. Following the completion of the sale, the executive vice president directly owned 3,126 shares of the company's stock, valued at $589,376.04. This trade represents a 50.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 12.45% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. BMO Capital Markets decreased their price target on shares of Constellation Brands from $260.00 to $215.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Bernstein Bank decreased their target price on shares of Constellation Brands from $260.00 to $225.00 and set an "outperform" rating for the company in a research note on Thursday, April 10th. Bank of America increased their price objective on Constellation Brands from $180.00 to $182.00 and gave the stock a "neutral" rating in a report on Thursday, July 3rd. Royal Bank Of Canada reduced their price objective on Constellation Brands from $289.00 to $233.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Finally, UBS Group raised their price target on Constellation Brands from $195.00 to $205.00 and gave the stock a "buy" rating in a research note on Thursday, July 3rd. Eleven analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Constellation Brands presently has a consensus rating of "Moderate Buy" and an average target price of $213.74.

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.