TD Private Client Wealth LLC Sells 1,036 Shares of Constellation Brands, Inc. (NYSE:STZ)

TD Private Client Wealth LLC trimmed its holdings in Constellation Brands, Inc. (NYSE:STZ) by 16.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,349 shares of the company’s stock after selling 1,036 shares during the quarter. TD Private Client Wealth LLC’s holdings in Constellation Brands were worth $1,182,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in STZ. Allworth Financial LP raised its position in shares of Constellation Brands by 0.8% in the 4th quarter. Allworth Financial LP now owns 7,357 shares of the company’s stock valued at $1,626,000 after purchasing an additional 59 shares during the last quarter. BSW Wealth Partners increased its position in shares of Constellation Brands by 4.2% in the 4th quarter. BSW Wealth Partners now owns 1,563 shares of the company’s stock valued at $345,000 after acquiring an additional 63 shares during the period. Philip James Wealth Mangement LLC lifted its position in Constellation Brands by 8.0% during the 4th quarter. Philip James Wealth Mangement LLC now owns 923 shares of the company’s stock worth $204,000 after acquiring an additional 68 shares during the period. Oak Asset Management LLC increased its holdings in shares of Constellation Brands by 0.4% in the fourth quarter. Oak Asset Management LLC now owns 17,611 shares of the company’s stock valued at $3,892,000 after purchasing an additional 71 shares during the period. Finally, Hartford Funds Management Co LLC raised its position in Constellation Brands by 4.2% during the 3rd quarter. Hartford Funds Management Co LLC now owns 1,797 shares of the company’s stock worth $463,000 after buying an additional 72 shares during the last quarter. 77.34% of the stock is owned by hedge funds and other institutional investors.

Constellation Brands Price Performance

NYSE:STZ opened at $177.73 on Monday. Constellation Brands, Inc. has a 52 week low of $160.46 and a 52 week high of $274.87. The stock’s fifty day moving average is $177.32 and its two-hundred day moving average is $216.87. The company has a market capitalization of $32.12 billion, a P/E ratio of 47.78, a P/E/G ratio of 1.52 and a beta of 0.90. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Friday, January 10th. The company reported $3.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.08). Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The business had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.53 billion. During the same period in the previous year, the business posted $3.19 earnings per share. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. Equities analysts expect that Constellation Brands, Inc. will post 13.5 EPS for the current year.

Constellation Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a $1.01 dividend. The ex-dividend date was Friday, February 7th. This represents a $4.04 annualized dividend and a dividend yield of 2.27%. Constellation Brands’s dividend payout ratio is currently 108.60%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on STZ. StockNews.com cut Constellation Brands from a “hold” rating to a “sell” rating in a research report on Friday, March 14th. Barclays dropped their price target on Constellation Brands from $214.00 to $205.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. Roth Capital decreased their price objective on Constellation Brands from $298.00 to $284.00 and set a “buy” rating on the stock in a report on Friday, January 17th. BNP Paribas assumed coverage on shares of Constellation Brands in a report on Monday, November 25th. They set a “neutral” rating and a $261.00 target price for the company. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $240.00 target price on shares of Constellation Brands in a research report on Monday, January 27th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $250.41.

Insider Buying and Selling

In other news, Director William T. Giles purchased 1,000 shares of the firm’s stock in a transaction on Friday, January 17th. The shares were bought at an average cost of $186.39 per share, for a total transaction of $186,390.00. Following the completion of the purchase, the director now directly owns 1,463 shares of the company’s stock, valued at approximately $272,688.57. This trade represents a 215.98 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 12.19% of the stock is currently owned by corporate insiders.

About Constellation Brands

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.