Glenmede Trust Co. NA Purchases 554 Shares of Constellation Brands, Inc. (NYSE:STZ)

Glenmede Trust Co. NA lifted its position in Constellation Brands, Inc. (NYSE:STZ) by 16.5% in the 3rd quarter, Holdings Channel.com reports. The fund owned 3,908 shares of the company’s stock after acquiring an additional 554 shares during the period. Glenmede Trust Co. NA’s holdings in Constellation Brands were worth $1,007,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Swedbank AB bought a new position in shares of Constellation Brands during the first quarter valued at approximately $561,000. Cetera Investment Advisers lifted its position in shares of Constellation Brands by 128.2% during the first quarter. Cetera Investment Advisers now owns 40,716 shares of the company’s stock worth $11,065,000 after purchasing an additional 22,870 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Constellation Brands during the second quarter worth $29,000. Park Avenue Securities LLC lifted its position in shares of Constellation Brands by 9.5% during the second quarter. Park Avenue Securities LLC now owns 3,538 shares of the company’s stock worth $910,000 after purchasing an additional 308 shares during the last quarter. Finally, CWM LLC boosted its stake in shares of Constellation Brands by 1.0% during the second quarter. CWM LLC now owns 5,126 shares of the company’s stock valued at $1,319,000 after purchasing an additional 50 shares during the period. 77.34% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Constellation Brands

In other Constellation Brands news, EVP Samuel J. Glaetzer sold 1,510 shares of Constellation Brands stock in a transaction dated Monday, October 14th. The stock was 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 owns 4,970 shares in the company, valued at approximately $1,220,482.90. This trade represents a 23.30 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Wildstar Partners Llc sold 660 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $241.00, for a total value of $159,060.00. Following the completion of the sale, the insider now owns 1,736,884 shares in the company, valued at $418,589,044. The trade was a 0.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 189,956 shares of company stock worth $46,058,091 over the last three months. Company insiders own 12.19% of the company’s stock.

Analyst Upgrades and Downgrades

STZ has been the subject of a number of research analyst reports. Truist Financial decreased their price objective on shares of Constellation Brands from $265.00 to $255.00 and set a “hold” rating for the company in a report on Friday, October 4th. Roth Mkm reiterated a “buy” rating and issued a $298.00 price target on shares of Constellation Brands in a report on Friday, October 4th. UBS Group decreased their target price on Constellation Brands from $320.00 to $295.00 and set a “buy” rating for the company in a research report on Monday, September 9th. Evercore ISI dropped their price target on Constellation Brands from $310.00 to $300.00 and set an “outperform” rating on the stock in a research report on Friday, October 4th. Finally, Barclays cut their price target on Constellation Brands from $309.00 to $300.00 and set an “overweight” rating on the stock in a research note on Monday, October 7th. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $289.16.

Constellation Brands Stock Down 1.3 %

NYSE:STZ opened at $237.75 on Tuesday. Constellation Brands, Inc. has a twelve month low of $224.76 and a twelve month high of $274.87. The company’s 50 day moving average is $241.72 and its two-hundred day moving average is $246.71. The company has a current ratio of 1.25, a quick ratio of 0.53 and a debt-to-equity ratio of 1.31. The company has a market cap of $43.17 billion, a PE ratio of 76.94, a P/E/G ratio of 1.70 and a beta of 1.75.

Constellation Brands (NYSE:STZ) last released its earnings results on Thursday, October 3rd. The company reported $4.32 EPS for the quarter, topping analysts’ consensus estimates of $4.08 by $0.24. Constellation Brands had a return on equity of 25.34% and a net margin of 5.29%. The firm had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.95 billion. During the same quarter in the previous year, the company posted $3.70 earnings per share. The company’s revenue was up 2.9% compared to the same quarter last year. Analysts anticipate that Constellation Brands, Inc. will post 13.57 EPS for the current year.

Constellation Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Tuesday, November 5th were issued 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 dividend yield of 1.70%. Constellation Brands’s dividend payout ratio (DPR) is presently 130.74%.

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.