Dillon & Associates Inc. Has $11.01 Million Holdings in Constellation Brands, Inc. (NYSE:STZ)

Dillon & Associates Inc. lifted its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 1.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 42,664 shares of the company’s stock after purchasing an additional 551 shares during the period. Constellation Brands accounts for 1.5% of Dillon & Associates Inc.’s holdings, making the stock its 23rd biggest holding. Dillon & Associates Inc.’s holdings in Constellation Brands were worth $11,007,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in STZ. New Millennium Group LLC bought a new stake in shares of Constellation Brands during the 2nd quarter valued at about $25,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Constellation Brands during the second quarter worth approximately $29,000. Horizon Bancorp Inc. IN bought a new position in shares of Constellation Brands in the 2nd quarter worth $32,000. Opal Wealth Advisors LLC acquired a new stake in Constellation Brands in the 2nd quarter valued at $36,000. Finally, Ashton Thomas Private Wealth LLC bought a new stake in Constellation Brands during the 2nd quarter valued at $36,000. 77.34% of the stock is currently owned by institutional investors.

Constellation Brands Trading Up 0.9 %

Shares of Constellation Brands stock opened at $238.29 on Wednesday. The company has a market capitalization of $43.26 billion, a P/E ratio of 77.12, a P/E/G ratio of 1.67 and a beta of 0.90. The company has a fifty day moving average of $244.78 and a 200 day moving average of $248.51. Constellation Brands, Inc. has a fifty-two week low of $224.76 and a fifty-two 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.

Constellation Brands (NYSE:STZ) last announced its 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. The business had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.95 billion. Constellation Brands had a net margin of 5.29% and a return on equity of 25.34%. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.70 earnings per share. On average, sell-side analysts anticipate that Constellation Brands, Inc. will post 13.57 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Tuesday, November 5th will be issued a $1.01 dividend. The ex-dividend date of this dividend is Tuesday, November 5th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.70%. Constellation Brands’s dividend payout ratio is currently 130.74%.

Insider Transactions at Constellation Brands

In other Constellation Brands news, Director Robert Sands sold 119,274 shares of the business’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $242.37, for a total transaction of $28,908,439.38. Following the sale, the director now owns 431,729 shares in the company, valued at approximately $104,638,157.73. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Samuel J. Glaetzer sold 1,510 shares of the company’s stock in a transaction that occurred on 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 directly owns 4,970 shares of the company’s stock, valued at $1,220,482.90. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert Sands sold 119,274 shares of Constellation Brands stock in a transaction on 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 completion of the sale, the director now directly owns 431,729 shares in the company, valued at $104,638,157.73. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 128,210 shares of company stock worth $31,040,994. Company insiders own 12.19% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on STZ. Evercore ISI reduced their price objective on shares of Constellation Brands from $310.00 to $300.00 and set an “outperform” rating for the company in a report on Friday, October 4th. TD Cowen lowered shares of Constellation Brands from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $300.00 to $270.00 in a research report on Tuesday, October 8th. Roth Mkm reissued a “buy” rating and set a $298.00 target price on shares of Constellation Brands in a research report on Friday, October 4th. Barclays dropped their price target on Constellation Brands from $309.00 to $300.00 and set an “overweight” rating on the stock in a research report on Monday, October 7th. Finally, Bank of America reiterated a “neutral” rating and issued a $255.00 target price (down previously from $300.00) on shares of Constellation Brands in a research note on Monday, October 7th. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, Constellation Brands presently has a consensus rating of “Moderate Buy” and a consensus price target of $290.47.

Constellation Brands 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.