National Bank of Canada FI Has $19.93 Million Stock Holdings in Constellation Brands, Inc. (NYSE:STZ)

National Bank of Canada FI decreased its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 13.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 76,068 shares of the company’s stock after selling 11,634 shares during the quarter. National Bank of Canada FI’s holdings in Constellation Brands were worth $19,926,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lake Street Advisors Group LLC raised its position in Constellation Brands by 23.5% during the first quarter. Lake Street Advisors Group LLC now owns 2,209 shares of the company’s stock worth $600,000 after acquiring an additional 420 shares in the last quarter. Bessemer Group Inc. lifted its stake in Constellation Brands by 5.8% in the 1st quarter. Bessemer Group Inc. now owns 3,551 shares of the company’s stock valued at $965,000 after purchasing an additional 194 shares during the last quarter. UniSuper Management Pty Ltd grew its holdings in Constellation Brands by 285.8% during the first quarter. UniSuper Management Pty Ltd now owns 5,722 shares of the company’s stock worth $1,555,000 after purchasing an additional 4,239 shares during the period. Clearbridge Investments LLC increased its position in Constellation Brands by 1.1% during the first quarter. Clearbridge Investments LLC now owns 503,058 shares of the company’s stock worth $136,711,000 after buying an additional 5,302 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC raised its stake in Constellation Brands by 21.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 7,009 shares of the company’s stock valued at $1,905,000 after buying an additional 1,239 shares during the period. Institutional investors own 77.34% of the company’s stock.

Constellation Brands Price Performance

STZ traded up $1.80 during midday trading on Thursday, hitting $248.68. The stock had a trading volume of 420,870 shares, compared to its average volume of 1,204,860. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.53 and a current ratio of 1.19. Constellation Brands, Inc. has a 1 year low of $227.50 and a 1 year high of $274.87. The business has a fifty day moving average of $253.02 and a 200 day moving average of $255.09. The company has a market cap of $45.31 billion, a P/E ratio of 18.49, a price-to-earnings-growth ratio of 1.62 and a beta of 0.87.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Wednesday, July 3rd. The company reported $3.57 earnings per share for the quarter, topping the consensus estimate of $3.46 by $0.11. Constellation Brands had a return on equity of 23.72% and a net margin of 22.70%. The business had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.67 billion. During the same quarter last year, the business posted $2.91 EPS. The business’s revenue was up 5.8% on a year-over-year basis. As a group, equities analysts forecast that Constellation Brands, Inc. will post 13.57 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Wednesday, August 14th will be issued a $1.01 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $4.04 annualized dividend and a yield of 1.62%. Constellation Brands’s payout ratio is 30.10%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Roth Mkm reduced their target price on Constellation Brands from $305.00 to $303.00 and set a “buy” rating for the company in a research note on Friday, July 5th. Argus upgraded shares of Constellation Brands from a “hold” rating to a “buy” rating and set a $306.00 target price for the company in a research note on Monday, April 15th. Wedbush reiterated an “outperform” rating and issued a $300.00 price target on shares of Constellation Brands in a research note on Wednesday, April 10th. HSBC boosted their price objective on Constellation Brands from $290.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Finally, UBS Group increased their target price on Constellation Brands from $315.00 to $320.00 and gave the stock a “buy” rating in a research note on Friday, July 5th. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, Constellation Brands has a consensus rating of “Moderate Buy” and a consensus target price of $300.28.

Insider Activity at Constellation Brands

In other news, CEO William A. Newlands sold 25,000 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $261.54, for a total transaction of $6,538,500.00. Following the completion of the sale, the chief executive officer now owns 14,700 shares of the company’s stock, valued at approximately $3,844,638. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Constellation Brands news, CEO William A. Newlands sold 25,000 shares of Constellation Brands stock in a transaction on Friday, May 10th. The shares were sold at an average price of $261.54, for a total value of $6,538,500.00. Following the sale, the chief executive officer now directly owns 14,700 shares in the company, valued at approximately $3,844,638. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Kaneenat Kristann Carey sold 977 shares of Constellation Brands stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $261.00, for a total value of $254,997.00. Following the completion of the sale, the executive vice president now directly owns 2,706 shares in the company, valued at approximately $706,266. The disclosure for this sale can be found here. Insiders have sold a total of 29,214 shares of company stock worth $7,620,551 over the last quarter. Company insiders own 12.19% of the company’s stock.

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.