Toth Financial Advisory Corp Buys 305 Shares of Constellation Brands, Inc. (NYSE:STZ)

Toth Financial Advisory Corp grew its stake in Constellation Brands, Inc. (NYSE:STZ) by 1.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,760 shares of the company’s stock after acquiring an additional 305 shares during the quarter. Toth Financial Advisory Corp’s holdings in Constellation Brands were worth $4,834,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Barden Capital Management Inc. grew its holdings in Constellation Brands by 11.9% during the third quarter. Barden Capital Management Inc. now owns 5,502 shares of the company’s stock valued at $1,418,000 after purchasing an additional 583 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Constellation Brands by 17.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 12,361 shares of the company’s stock worth $3,185,000 after purchasing an additional 1,833 shares in the last quarter. First Citizens Bank & Trust Co. grew its holdings in shares of Constellation Brands by 2.6% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 2,898 shares of the company’s stock valued at $747,000 after buying an additional 74 shares during the period. Blue Trust Inc. grew its holdings in shares of Constellation Brands by 181.3% in the 3rd quarter. Blue Trust Inc. now owns 1,021 shares of the company’s stock valued at $263,000 after buying an additional 658 shares during the period. Finally, Riverview Trust Co increased its position in shares of Constellation Brands by 37.3% in the 3rd quarter. Riverview Trust Co now owns 346 shares of the company’s stock valued at $89,000 after buying an additional 94 shares in the last quarter. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Constellation Brands

In other news, EVP Samuel J. Glaetzer sold 1,510 shares of the firm’s 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 sale, the executive vice president now owns 4,970 shares in the company, valued at approximately $1,220,482.90. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, EVP Samuel J. Glaetzer sold 1,510 shares of the stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $245.57, for a total transaction of $370,810.70. Following the transaction, the executive vice president now owns 4,970 shares in the company, valued at approximately $1,220,482.90. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $468,005.22. Following the completion of the sale, the director now owns 3,232 shares of the company’s stock, valued at $815,853.76. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 136,221 shares of company stock worth $33,007,175 over the last ninety days. Insiders own 12.19% of the company’s stock.

Wall Street Analysts Forecast Growth

STZ has been the topic of several recent analyst reports. Evercore ISI cut their price objective on Constellation Brands from $310.00 to $300.00 and set an “outperform” rating on the stock in a report on Friday, October 4th. TD Cowen lowered shares of Constellation Brands from a “buy” rating to a “hold” rating and cut their price target for the company from $300.00 to $270.00 in a research note on Tuesday, October 8th. UBS Group lowered their price objective on shares of Constellation Brands from $320.00 to $295.00 and set a “buy” rating for the company in a research report on Monday, September 9th. Morgan Stanley cut their price objective on shares of Constellation Brands from $305.00 to $280.00 and set an “overweight” rating on the stock in a research report on Monday, August 26th. Finally, BMO Capital Markets cut their price target on Constellation Brands from $315.00 to $305.00 and set an “outperform” rating on the stock in a report on Tuesday, October 15th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $290.47.

Constellation Brands Stock Performance

NYSE:STZ traded down $2.87 during mid-day trading on Monday, hitting $238.65. The stock had a trading volume of 307,142 shares, compared to its average volume of 1,188,462. Constellation Brands, Inc. has a twelve month low of $227.64 and a twelve month high of $274.87. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.53 and a current ratio of 1.25. The stock has a market cap of $43.67 billion, a price-to-earnings ratio of 18.00, a PEG ratio of 1.70 and a beta of 1.75. The company’s 50 day simple moving average is $246.51 and its 200 day simple moving average is $251.36.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Thursday, October 3rd. The company reported $4.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.08 by $0.24. The firm 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 business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.70 earnings per share. On average, equities research analysts forecast that Constellation Brands, Inc. will post 13.57 earnings per share for the current year.

Constellation Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Tuesday, November 5th will be issued a $1.01 dividend. The ex-dividend date is Tuesday, November 5th. This represents a $4.04 annualized dividend and a dividend yield of 1.69%. Constellation Brands’s dividend payout ratio is currently 30.10%.

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.