Swiss National Bank Has $125.47 Million Stock Position in Constellation Brands, Inc. (NYSE:STZ)

Swiss National Bank lowered its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 0.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 486,900 shares of the company’s stock after selling 200 shares during the quarter. Swiss National Bank’s holdings in Constellation Brands were worth $125,469,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Manning & Napier Advisors LLC acquired a new position in shares of Constellation Brands during the second quarter valued at about $119,394,000. Capital International Sarl raised its holdings in shares of Constellation Brands by 35.9% in the 1st quarter. Capital International Sarl now owns 10,462 shares of the company’s stock worth $2,843,000 after acquiring an additional 2,764 shares during the last quarter. Swedbank AB acquired a new stake in shares of Constellation Brands in the 1st quarter worth about $561,000. Cetera Advisors LLC raised its holdings in shares of Constellation Brands by 182.1% in the 1st quarter. Cetera Advisors LLC now owns 14,236 shares of the company’s stock worth $3,869,000 after acquiring an additional 9,190 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC acquired a new stake in shares of Constellation Brands in the 3rd quarter worth about $2,132,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

Insider Activity

In other 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 sale, the executive vice president now owns 4,970 shares of the company’s stock, valued at approximately $1,220,482.90. The trade was a 23.30 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert Sands sold 119,274 shares of Constellation Brands 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 sale, the director now directly owns 431,729 shares in the company, valued at $104,638,157.73. The trade was a 21.65 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 189,296 shares of company stock valued at $45,899,031. Corporate insiders own 12.19% of the company’s stock.

Analysts Set New Price Targets

STZ has been the topic of a number of analyst reports. Roth Mkm restated a “buy” rating and issued a $298.00 target price on shares of Constellation Brands in a report on Friday, October 4th. BMO Capital Markets reduced their target price on shares of Constellation Brands from $315.00 to $305.00 and set an “outperform” rating for the company in a research report on Tuesday, October 15th. Bank of America restated a “neutral” rating and set a $255.00 price target (down from $300.00) on shares of Constellation Brands in a research note on Monday, October 7th. TD Cowen cut shares of Constellation Brands from a “buy” rating to a “hold” rating and dropped their price target for the company from $300.00 to $270.00 in a research note on Tuesday, October 8th. Finally, Morgan Stanley lowered their target price on shares of Constellation Brands from $305.00 to $280.00 and set an “overweight” rating on the stock in a research note on Monday, August 26th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Constellation Brands presently has an average rating of “Moderate Buy” and a consensus price target of $290.47.

Constellation Brands Price Performance

STZ stock opened at $238.06 on Tuesday. The firm has a market cap of $43.22 billion, a P/E ratio of 77.04, a P/E/G ratio of 1.68 and a beta of 0.90. Constellation Brands, Inc. has a 52 week low of $224.76 and a 52 week 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 firm’s fifty day moving average is $243.88 and its 200 day moving average is $247.90.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings results on Thursday, October 3rd. The company reported $4.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.08 by $0.24. The business had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.95 billion. Constellation Brands had a net margin of 5.29% and a return on equity of 25.34%. The company’s revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the firm earned $3.70 EPS. Research analysts predict that Constellation Brands, Inc. will post 13.57 earnings per share for the current year.

Constellation Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Tuesday, November 5th will be paid a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend is Tuesday, November 5th. Constellation Brands’s 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.