Constellation Brands, Inc. (NYSE:STZ) Shares Sold by Hancock Whitney Corp

Hancock Whitney Corp lowered its holdings in Constellation Brands, Inc. (NYSE:STZ) by 4.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,613 shares of the company’s stock after selling 175 shares during the period. Hancock Whitney Corp’s holdings in Constellation Brands were worth $982,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. YHB Investment Advisors Inc. acquired a new position in shares of Constellation Brands in the 1st quarter worth approximately $35,000. First Financial Corp IN acquired a new position in shares of Constellation Brands in the first quarter worth about $35,000. Kapitalo Investimentos Ltda acquired a new position in shares of Constellation Brands in the fourth quarter worth about $35,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Constellation Brands in the fourth quarter worth about $37,000. Finally, Fidelis Capital Partners LLC acquired a new position in shares of Constellation Brands in the first quarter worth about $45,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

Insider Activity

In other news, Director Daniel J. Mccarthy sold 1,854 shares of Constellation Brands stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $252.43, for a total value of $468,005.22. Following the transaction, the director now owns 3,232 shares of the company’s stock, valued at $815,853.76. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Daniel J. Mccarthy sold 1,854 shares of the business’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $252.43, for a total transaction of $468,005.22. Following the transaction, the director now owns 3,232 shares of the company’s stock, valued at $815,853.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kaneenat Kristann Carey sold 977 shares of the business’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $261.00, for a total transaction of $254,997.00. Following the transaction, the executive vice president now directly owns 2,706 shares in the company, valued at approximately $706,266. The disclosure for this sale can be found here. Insiders have sold a total of 27,831 shares of company stock valued at $7,261,502 over the last 90 days. 12.19% of the stock is currently owned by company insiders.

Constellation Brands Stock Performance

Shares of NYSE:STZ traded down $3.24 during trading on Friday, reaching $242.13. The stock had a trading volume of 152,406 shares, compared to its average volume of 1,197,081. Constellation Brands, Inc. has a 52 week low of $227.50 and a 52 week high of $274.87. The firm has a market capitalization of $44.12 billion, a price-to-earnings ratio of 18.35, a P/E/G ratio of 1.62 and a beta of 0.87. The company has a quick ratio of 0.53, a current ratio of 1.19 and a debt-to-equity ratio of 1.06. The stock has a fifty day simple moving average of $252.54 and a two-hundred day simple moving average of $254.77.

Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Wednesday, July 3rd. The company reported $3.57 EPS for the quarter, beating analysts’ consensus estimates of $3.46 by $0.11. Constellation Brands had a net margin of 22.70% and a return on equity of 23.72%. The company had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.67 billion. During the same quarter last year, the firm posted $2.91 earnings per share. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. As a group, analysts anticipate that Constellation Brands, Inc. will post 13.57 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Wednesday, August 14th will be given a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date is Wednesday, August 14th. Constellation Brands’s dividend payout ratio is 30.10%.

Analyst Ratings Changes

Several research analysts have commented on STZ shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $308.00 target price on shares of Constellation Brands in a report on Wednesday. Barclays raised their target price on shares of Constellation Brands from $287.00 to $295.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. UBS Group raised their price target on shares of Constellation Brands from $315.00 to $320.00 and gave the stock a “buy” rating in a report on Friday, July 5th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Constellation Brands from $256.00 to $262.00 and gave the stock a “hold” rating in a report on Wednesday, April 10th. Finally, Argus upgraded shares of Constellation Brands from a “hold” rating to a “buy” rating and set a $306.00 price target for the company in a report on Monday, April 15th. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Constellation Brands has an average rating of “Moderate Buy” and an average target price of $300.28.

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.