Haverford Trust Co. cut its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 12.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,415 shares of the company’s stock after selling 200 shares during the period. Haverford Trust Co.’s holdings in Constellation Brands were worth $293,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in STZ. Meeder Asset Management Inc. increased its stake in shares of Constellation Brands by 2,750.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 171 shares of the company’s stock worth $34,000 after purchasing an additional 165 shares during the last quarter. Gradient Investments LLC grew its stake in Constellation Brands by 265.3% in the 2nd quarter. Gradient Investments LLC now owns 179 shares of the company’s stock valued at $35,000 after buying an additional 130 shares during the last quarter. Next Capital Management LLC acquired a new position in Constellation Brands in the 2nd quarter valued at about $35,000. Capital Bank & Trust Co acquired a new position in Constellation Brands in the 2nd quarter valued at about $39,000. Finally, TCG Advisors LP acquired a new position in Constellation Brands in the 2nd quarter valued at about $40,000. Institutional investors own 72.08% of the company’s stock.

In other Constellation Brands news, major shareholder Richard Sands sold 95,521 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $204.57, for a total transaction of $19,540,730.97. Following the transaction, the insider now owns 173,379 shares in the company, valued at approximately $35,468,142.03. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 15.86% of the company’s stock.

Shares of NYSE:STZ traded down $2.72 on Friday, reaching $187.56. 1,424,377 shares of the company’s stock were exchanged, compared to its average volume of 1,745,636. The company has a fifty day moving average of $196.98 and a 200-day moving average of $198.09. Constellation Brands, Inc. has a twelve month low of $150.37 and a twelve month high of $214.48. The company has a market capitalization of $36.74 billion, a price-to-earnings ratio of 20.21, a PEG ratio of 2.88 and a beta of 0.67. The company has a current ratio of 1.61, a quick ratio of 1.01 and a debt-to-equity ratio of 1.04.

Constellation Brands (NYSE:STZ) last announced its earnings results on Thursday, October 3rd. The company reported $2.72 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.60 by $0.12. Constellation Brands had a net margin of 8.59% and a return on equity of 14.66%. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same quarter in the prior year, the business posted $2.87 EPS. The business’s revenue was up 2.0% compared to the same quarter last year. As a group, equities research analysts forecast that Constellation Brands, Inc. will post 8.45 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be given a dividend of $0.75 per share. The ex-dividend date is Thursday, November 7th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.60%. Constellation Brands’s payout ratio is presently 10.02%.

A number of research analysts recently commented on the stock. BMO Capital Markets upped their price target on shares of Constellation Brands from $225.00 to $230.00 and gave the company an “outperform” rating in a research note on Tuesday, September 17th. Credit Suisse Group decreased their price target on shares of Constellation Brands from $230.00 to $228.00 and set an “outperform” rating on the stock in a research note on Friday, October 4th. Argus upped their price target on shares of Constellation Brands to $230.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Zacks Investment Research upgraded shares of Constellation Brands from a “sell” rating to a “hold” rating and set a $215.00 price target on the stock in a research note on Monday, September 23rd. Finally, Morgan Stanley decreased their price target on shares of Constellation Brands from $227.00 to $214.00 and set an “equal weight” rating on the stock in a research note on Friday, October 4th. Ten analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. Constellation Brands presently has a consensus rating of “Buy” and an average target price of $223.76.

Constellation Brands Company Profile

Constellation Brands, Inc, together with its subsidiaries, produces, imports, and markets beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. It provides beer primarily under the Corona Extra, Corona Light, Corona Premier, Corona Familiar Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands, as well as Funky Buddha, Four Corners, and Ballast Point brands.

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Institutional Ownership by Quarter for Constellation Brands (NYSE:STZ)

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