TD Private Client Wealth LLC Cuts Stock Position in Constellation Brands Inc (NYSE:STZ)

TD Private Client Wealth LLC trimmed its position in shares of Constellation Brands Inc (NYSE:STZ - Free Report) by 35.7% during the 1st quarter, according to its most recent 13F filing 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 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new stake in shares of Constellation Brands during the 4th quarter valued at about $26,000. Minot DeBlois Advisors LLC purchased a new stake in shares of Constellation Brands during the 4th quarter valued at about $29,000. Optiver Holding B.V. purchased a new stake in shares of Constellation Brands during the 4th quarter valued at about $31,000. Laurel Wealth Advisors LLC purchased a new stake in shares of Constellation Brands during the 1st quarter valued at about $32,000. Finally, Rakuten Securities Inc. boosted its holdings in shares of Constellation Brands by 805.0% during the 1st quarter. Rakuten Securities Inc. now owns 181 shares of the company's stock valued at $33,000 after acquiring an additional 161 shares during the last quarter. 77.34% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Samuel J. Glaetzer sold 3,150 shares of Constellation Brands stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $188.54, for a total transaction of $593,901.00. Following the sale, the executive vice president owned 3,126 shares in the company, valued at $589,376.04. This trade represents a 50.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 12.45% of the stock is currently owned by insiders.

Constellation Brands Price Performance

Shares of Constellation Brands stock traded up $0.15 on Friday, hitting $172.27. 1,370,929 shares of the company traded hands, compared to its average volume of 1,922,487. The stock has a market capitalization of $30.67 billion, a P/E ratio of -72.08, a price-to-earnings-growth ratio of 10.42 and a beta of 0.67. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.68 and a current ratio of 1.07. Constellation Brands Inc has a 52 week low of $159.35 and a 52 week high of $264.45. The business has a 50-day simple moving average of $175.56 and a 200 day simple moving average of $181.71.

Constellation Brands (NYSE:STZ - Get Free Report) last released its quarterly earnings data 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 company had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.57 billion. Constellation Brands had a negative net margin of 4.11% and a positive return on equity of 31.41%. The company's quarterly revenue was down 5.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.57 EPS. Research analysts expect that Constellation Brands Inc will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on STZ shares. Royal Bank Of Canada dropped their price target on shares of Constellation Brands from $289.00 to $233.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Barclays set a $202.00 price target on shares of Constellation Brands and gave the company an "overweight" rating in a report on Thursday, June 26th. Citigroup increased their price objective on shares of Constellation Brands from $170.00 to $174.00 and gave the stock a "neutral" rating in a research note on Thursday, July 3rd. Morgan Stanley lowered their price objective on shares of Constellation Brands from $202.00 to $195.00 and set an "equal weight" rating on the stock in a research note on Friday, April 11th. Finally, Wells Fargo & Company lowered their price objective on shares of Constellation Brands from $210.00 to $196.00 and set an "overweight" rating on the stock in a research note on Wednesday, June 25th. Eleven investment 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, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $213.74.

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.