Constellation Brands Inc (STZ) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its holdings in Constellation Brands Inc (NYSE:STZ) by 22.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 39,280 shares of the company’s stock after selling 11,284 shares during the period. Victory Capital Management Inc.’s holdings in Constellation Brands were worth $7,834,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the business. Hanson McClain Inc. grew its stake in Constellation Brands by 0.4% in the second quarter. Hanson McClain Inc. now owns 772 shares of the company’s stock valued at $149,000 after acquiring an additional 3 shares during the period. Financial Architects Inc grew its stake in Constellation Brands by 1.4% in the second quarter. Financial Architects Inc now owns 1,776 shares of the company’s stock valued at $344,000 after acquiring an additional 25 shares during the period. Welch Group LLC grew its stake in Constellation Brands by 2.9% in the second quarter. Welch Group LLC now owns 885 shares of the company’s stock valued at $171,000 after acquiring an additional 25 shares during the period. Ray Gerald L & Associates Ltd. grew its stake in Constellation Brands by 0.7% in the second quarter. Ray Gerald L & Associates Ltd. now owns 4,630 shares of the company’s stock valued at $897,000 after acquiring an additional 30 shares during the period. Finally, LS Investment Advisors LLC boosted its position in shares of Constellation Brands by 0.8% during the second quarter. LS Investment Advisors LLC now owns 4,958 shares of the company’s stock worth $961,000 after buying an additional 39 shares during the period. 74.38% of the stock is owned by hedge funds and other institutional investors.

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In other news, EVP William F. Hackett sold 12,517 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $197.00, for a total transaction of $2,465,849.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Thomas J. Mullin sold 50,000 shares of the stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $209.45, for a total value of $10,472,500.00. The disclosure for this sale can be found here. Insiders sold 86,179 shares of company stock worth $18,030,434 in the last 90 days. Corporate insiders own 15.59% of the company’s stock.

Several research analysts have recently weighed in on the company. Royal Bank Of Canada reaffirmed a “buy” rating and set a $226.00 price objective on shares of Constellation Brands in a research report on Sunday. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $237.00 price objective (up from $220.00) on shares of Constellation Brands in a research report on Friday, October 6th. Citigroup Inc. reaffirmed a “neutral” rating and set a $232.00 price objective (up from $211.00) on shares of Constellation Brands in a research report on Monday, October 9th. Stifel Nicolaus upped their price objective on Constellation Brands from $216.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday, October 6th. Finally, SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $230.00 price objective on shares of Constellation Brands in a research report on Friday, October 6th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $216.00.

Shares of Constellation Brands Inc (NYSE:STZ) opened at $218.09 on Wednesday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.61 and a quick ratio of 0.69. The stock has a market capitalization of $43,182.20, a P/E ratio of 26.76, a price-to-earnings-growth ratio of 1.42 and a beta of 0.10. Constellation Brands Inc has a 52 week low of $144.00 and a 52 week high of $221.50.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Thursday, October 5th. The company reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.30. The firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.06 billion. Constellation Brands had a return on equity of 22.81% and a net margin of 21.47%. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.77 earnings per share. equities research analysts forecast that Constellation Brands Inc will post 8.43 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 21st. Shareholders of record on Tuesday, November 7th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Monday, November 6th. This represents a $2.08 annualized dividend and a yield of 0.95%. Constellation Brands’s dividend payout ratio is 23.85%.

Constellation Brands Company Profile

Constellation Brands, Inc is an international beverage alcohol company. The Company is a producer and marketer of beer, wine and spirits with operations in the United States, Canada, Mexico, New Zealand and Italy. Its segments include Beer, Wine and Spirits, and Corporate Operations and Other. It is a multi-category supplier (beer, wine and spirits) of beverage alcohol in the United States.

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

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