Constellation Brands, Inc. (NYSE:STZ) Shares Sold by NORTHSTAR ASSET MANAGEMENT Co LLC

NORTHSTAR ASSET MANAGEMENT Co LLC trimmed its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 1.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,693 shares of the company’s stock after selling 125 shares during the quarter. NORTHSTAR ASSET MANAGEMENT Co LLC’s holdings in Constellation Brands were worth $1,979,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Constellation Brands during the 2nd quarter valued at about $29,000. YHB Investment Advisors Inc. acquired a new stake in Constellation Brands in the 1st quarter valued at approximately $35,000. Kapitalo Investimentos Ltda bought a new stake in Constellation Brands during the 4th quarter valued at $35,000. First Financial Corp IN acquired a new position in Constellation Brands during the 1st quarter worth $35,000. Finally, Opal Wealth Advisors LLC acquired a new position in Constellation Brands during the 2nd quarter worth $36,000. Institutional investors own 77.34% of the company’s stock.

Analysts Set New Price Targets

STZ has been the topic of a number of recent analyst reports. Royal Bank of Canada restated an “outperform” rating and set a $308.00 price objective on shares of Constellation Brands in a research note on Wednesday, July 31st. Truist Financial reiterated a “hold” rating and set a $265.00 price objective on shares of Constellation Brands in a research note on Wednesday, July 3rd. Roth Mkm decreased their price target on Constellation Brands from $305.00 to $303.00 and set a “buy” rating for the company in a research note on Friday, July 5th. UBS Group boosted their price objective on Constellation Brands from $315.00 to $320.00 and gave the stock a “buy” rating in a research note on Friday, July 5th. Finally, Jefferies Financial Group upped their price objective on Constellation Brands from $310.00 to $311.00 and gave the company a “buy” rating in a report on Friday, July 5th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, Constellation Brands currently has an average rating of “Moderate Buy” and an average price target of $300.28.

Constellation Brands Trading Up 0.2 %

Constellation Brands stock traded up $0.46 during midday trading on Friday, reaching $245.70. The stock had a trading volume of 588,553 shares, compared to its average volume of 1,186,995. Constellation Brands, Inc. has a twelve month low of $227.50 and a twelve month high of $274.87. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.19 and a quick ratio of 0.53. The firm has a market cap of $44.96 billion, a price-to-earnings ratio of 18.31, a PEG ratio of 1.62 and a beta of 1.75. The firm’s fifty day simple moving average is $250.88 and its two-hundred day simple moving average is $253.94.

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

Constellation Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Wednesday, August 14th will be issued a $1.01 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.64%. Constellation Brands’s dividend payout ratio is 30.10%.

Insider Transactions at Constellation Brands

In related news, EVP Kaneenat Kristann Carey sold 977 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The shares were 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 of the company’s stock, valued at $706,266. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Kaneenat Kristann Carey sold 977 shares of the 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 completion of the sale, the executive vice president now directly owns 2,706 shares in the company, valued at $706,266. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Garth Hankinson sold 13,583 shares of Constellation Brands stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $240.00, for a total value of $3,259,920.00. Following the sale, the chief financial officer now directly owns 11,702 shares of the company’s stock, valued at approximately $2,808,480. The disclosure for this sale can be found here. Insiders sold 16,414 shares of company stock valued at $3,982,922 over the last three months. 12.19% of the stock is owned by corporate insiders.

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.