WealthPLAN Partners LLC Sells 3,856 Shares of Constellation Brands Inc $STZ

Key Points

• WealthPLAN Partners LLC reduced its stake in Constellation Brands by 33.2%, selling 3,856 shares, leaving them with a total of 7,768 shares worth approximately $1.26 million.
• Constellation Brands recently announced a quarterly dividend of $1.02 per share, which will be payable on November 13th, representing an annual yield of 2.9%.
• The stock's fifty-two week range shows a low of $131.20 and a high of $245.31, with the current trading price at $139.01.

WealthPLAN Partners LLC lowered its position in shares of Constellation Brands Inc (NYSE:STZ - Free Report) by 33.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,768 shares of the company's stock after selling 3,856 shares during the period. WealthPLAN Partners LLC's holdings in Constellation Brands were worth $1,264,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in STZ. Vanguard Group Inc. increased its stake in shares of Constellation Brands by 18.6% during the first quarter. Vanguard Group Inc. now owns 18,417,604 shares of the company's stock worth $3,379,999,000 after purchasing an additional 2,882,817 shares during the period. Wellington Management Group LLP grew its position in Constellation Brands by 127.9% during the first quarter. Wellington Management Group LLP now owns 4,480,788 shares of the company's stock worth $822,314,000 after buying an additional 2,514,517 shares in the last quarter. Nuveen LLC acquired a new stake in Constellation Brands during the first quarter worth approximately $63,377,000. DAVENPORT & Co LLC grew its position in Constellation Brands by 1,594.0% during the first quarter. DAVENPORT & Co LLC now owns 207,655 shares of the company's stock worth $38,132,000 after buying an additional 195,397 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Constellation Brands by 7.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,922,122 shares of the company's stock worth $352,748,000 after buying an additional 139,158 shares in the last quarter. Institutional investors own 77.34% of the company's stock.

Constellation Brands Trading Down 1.6%

Shares of STZ stock opened at $139.01 on Thursday. The stock's fifty day moving average price is $149.01 and its two-hundred day moving average price is $167.29. The company has a market cap of $24.51 billion, a PE ratio of 20.29, a P/E/G ratio of 0.42 and a beta of 0.66. Constellation Brands Inc has a fifty-two week low of $131.20 and a fifty-two week high of $245.31. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.54 and a current ratio of 1.08.

Constellation Brands (NYSE:STZ - Get Free Report) last issued its earnings results on Thursday, February 23rd. The company reported $3.12 earnings per share for the quarter. The firm had revenue of $2.32 billion for the quarter. Constellation Brands had a return on equity of 29.82% and a net margin of 11.88%. Equities analysts predict 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, November 13th. Investors of record on Thursday, October 30th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Thursday, October 30th. This represents a $4.08 annualized dividend and a dividend yield of 2.9%. Constellation Brands's dividend payout ratio (DPR) is 59.56%.

Insider Buying and Selling at Constellation Brands

In related news, EVP James O. Bourdeau sold 821 shares of the firm's stock in a transaction on Monday, July 21st. The stock was sold at an average price of $169.00, for a total transaction of $138,749.00. Following the sale, the executive vice president owned 9,438 shares of the company's stock, valued at $1,595,022. This trade represents a 8.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 12.45% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

STZ has been the topic of a number of analyst reports. BNP Paribas downgraded Constellation Brands from a "hold" rating to a "strong sell" rating in a research report on Wednesday, September 3rd. UBS Group set a $160.00 price target on Constellation Brands in a research report on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft reduced their price target on Constellation Brands from $182.00 to $158.00 and set a "hold" rating on the stock in a research report on Wednesday, September 3rd. Jefferies Financial Group reduced their price target on Constellation Brands from $205.00 to $179.00 and set a "buy" rating on the stock in a research report on Wednesday, September 3rd. Finally, Weiss Ratings reissued a "sell (d)" rating on shares of Constellation Brands in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have given a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $186.44.

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.

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