Rockefeller Capital Management L.P. Has $26.88 Million Stock Holdings in Constellation Brands, Inc. (NYSE:STZ)

Rockefeller Capital Management L.P. decreased its position in Constellation Brands, Inc. (NYSE:STZ) by 5.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 104,306 shares of the company’s stock after selling 5,580 shares during the period. Rockefeller Capital Management L.P. owned approximately 0.06% of Constellation Brands worth $26,880,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. International Assets Investment Management LLC grew its stake in Constellation Brands by 23,184.7% in the third quarter. International Assets Investment Management LLC now owns 499,689 shares of the company’s stock valued at $128,765,000 after acquiring an additional 497,543 shares during the period. Manning & Napier Advisors LLC acquired a new position in shares of Constellation Brands in the 2nd quarter valued at approximately $119,394,000. Dimensional Fund Advisors LP increased its stake in Constellation Brands by 31.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,002,332 shares of the company’s stock worth $257,865,000 after purchasing an additional 241,982 shares in the last quarter. Coho Partners Ltd. raised its holdings in Constellation Brands by 40.1% during the 3rd quarter. Coho Partners Ltd. now owns 283,079 shares of the company’s stock worth $72,947,000 after buying an additional 80,970 shares during the period. Finally, Interval Partners LP bought a new stake in shares of Constellation Brands during the second quarter worth $19,134,000. Institutional investors own 77.34% of the company’s stock.

Insiders Place Their Bets

In other Constellation Brands news, major shareholder Wildstar Partners Llc sold 660 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $241.00, for a total transaction of $159,060.00. Following the transaction, the insider now owns 1,736,884 shares in the company, valued at $418,589,044. This trade represents a 0.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William A. Newlands sold 7,426 shares of the company’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $237.24, for a total value of $1,761,744.24. Following the sale, the chief executive officer now owns 7,274 shares of the company’s stock, valued at approximately $1,725,683.76. The trade was a 50.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 189,956 shares of company stock worth $46,058,091 in the last 90 days. Company insiders own 12.19% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on STZ. Bank of America reaffirmed a “neutral” rating and issued a $255.00 target price (down from $300.00) on shares of Constellation Brands in a research note on Monday, October 7th. JPMorgan Chase & Co. reduced their price objective on Constellation Brands from $307.00 to $293.00 and set an “overweight” rating for the company in a research report on Friday, October 4th. Roth Mkm reissued a “buy” rating and issued a $298.00 target price on shares of Constellation Brands in a research report on Friday, October 4th. Truist Financial reduced their price target on Constellation Brands from $265.00 to $255.00 and set a “hold” rating for the company in a research report on Friday, October 4th. Finally, Barclays lowered their price objective on shares of Constellation Brands from $309.00 to $300.00 and set an “overweight” rating on the stock in a report on Monday, October 7th. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, Constellation Brands presently has an average rating of “Moderate Buy” and an average target price of $289.16.

Constellation Brands Price Performance

NYSE:STZ opened at $240.95 on Friday. The firm’s fifty day moving average price is $241.72 and its two-hundred day moving average price is $246.75. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.25 and a quick ratio of 0.53. The company has a market cap of $43.75 billion, a P/E ratio of 77.98, a P/E/G ratio of 1.67 and a beta of 1.75. Constellation Brands, Inc. has a one year low of $224.76 and a one year high of $274.87.

Constellation Brands (NYSE:STZ) last released its quarterly earnings results 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. Constellation Brands had a net margin of 5.29% and a return on equity of 25.34%. The firm had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.95 billion. During the same period in the prior year, the firm earned $3.70 EPS. The business’s revenue was up 2.9% on a year-over-year basis. Equities analysts expect that Constellation Brands, Inc. will post 13.57 earnings per share for the current year.

Constellation Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Tuesday, November 5th were issued a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend was Tuesday, November 5th. Constellation Brands’s dividend payout ratio is 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.