Toronto Dominion Bank Has $15.75 Million Stock Holdings in Constellation Brands, Inc. (NYSE:STZ)

Toronto Dominion Bank decreased its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 25.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 61,122 shares of the company’s stock after selling 20,989 shares during the quarter. Toronto Dominion Bank’s holdings in Constellation Brands were worth $15,751,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Diversified Trust Co bought a new position in Constellation Brands during the second quarter valued at about $225,000. ORG Partners LLC acquired a new stake in Constellation Brands in the 2nd quarter worth approximately $78,000. Swedbank AB boosted its position in Constellation Brands by 16.3% during the second quarter. Swedbank AB now owns 2,400 shares of the company’s stock worth $617,000 after purchasing an additional 337 shares during the period. Brookstone Capital Management grew its holdings in Constellation Brands by 4.6% during the second quarter. Brookstone Capital Management now owns 14,673 shares of the company’s stock valued at $3,642,000 after purchasing an additional 647 shares during the last quarter. Finally, Everpar Advisors LLC raised its position in shares of Constellation Brands by 11.5% in the second quarter. Everpar Advisors LLC now owns 3,370 shares of the company’s stock valued at $867,000 after purchasing an additional 347 shares during the period. Institutional investors own 77.34% of the company’s stock.

Constellation Brands Stock Performance

NYSE STZ opened at $239.44 on Friday. Constellation Brands, Inc. has a twelve month low of $224.76 and a twelve month high of $274.87. The company has a quick ratio of 0.53, a current ratio of 1.25 and a debt-to-equity ratio of 1.31. The stock has a market cap of $43.47 billion, a P/E ratio of 77.49, a PEG ratio of 1.69 and a beta of 1.75. The company’s 50-day simple moving average is $239.22 and its 200 day simple moving average is $246.12.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Thursday, October 3rd. The company reported $4.32 earnings per share for the quarter, beating the consensus estimate of $4.08 by $0.24. The company had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.95 billion. Constellation Brands had a return on equity of 25.34% and a net margin of 5.29%. The company’s revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the company posted $3.70 EPS. As a group, research analysts forecast that Constellation Brands, Inc. will post 13.57 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Tuesday, November 5th were paid a dividend of $1.01 per share. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $4.04 annualized dividend and a yield of 1.69%. Constellation Brands’s dividend payout ratio is currently 130.74%.

Analysts Set New Price Targets

Several analysts recently issued reports on STZ shares. Wells Fargo & Company decreased their price objective on shares of Constellation Brands from $300.00 to $295.00 and set an “overweight” rating for the company in a report on Tuesday, November 26th. UBS Group lowered their price target on Constellation Brands from $320.00 to $295.00 and set a “buy” rating on the stock in a research report on Monday, September 9th. Needham & Company LLC initiated coverage on Constellation Brands in a research note on Friday, December 6th. They issued a “buy” rating and a $280.00 price objective on the stock. JPMorgan Chase & Co. decreased their target price on Constellation Brands from $307.00 to $293.00 and set an “overweight” rating for the company in a research note on Friday, October 4th. Finally, Morgan Stanley dropped their price target on Constellation Brands from $305.00 to $280.00 and set an “overweight” rating on the stock in a research report on Monday, August 26th. Five research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $288.70.

Insider Activity

In related news, EVP Samuel J. Glaetzer sold 1,510 shares of Constellation Brands stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $245.57, for a total transaction of $370,810.70. Following the completion of the transaction, the executive vice president now directly owns 4,970 shares of the company’s stock, valued at $1,220,482.90. This trade represents a 23.30 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert Sands sold 119,274 shares of the business’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $242.37, for a total transaction of $28,908,439.38. Following the completion of the transaction, the director now owns 431,729 shares in the company, valued at approximately $104,638,157.73. This trade represents a 21.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 189,956 shares of company stock worth $46,058,091. Corporate insiders own 12.19% of the company’s stock.

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.