Segall Bryant & Hamill LLC Grows Stake in Constellation Brands, Inc. (NYSE:STZ)

Segall Bryant & Hamill LLC grew its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 7.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 52,021 shares of the company’s stock after purchasing an additional 3,486 shares during the period. Segall Bryant & Hamill LLC’s holdings in Constellation Brands were worth $13,405,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Orion Portfolio Solutions LLC increased its holdings in shares of Constellation Brands by 1.1% during the first quarter. Orion Portfolio Solutions LLC now owns 3,676 shares of the company’s stock valued at $999,000 after acquiring an additional 39 shares in the last quarter. O Shaughnessy Asset Management LLC grew its position in Constellation Brands by 21.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 7,009 shares of the company’s stock worth $1,905,000 after purchasing an additional 1,239 shares during the last quarter. Bessemer Group Inc. grew its position in Constellation Brands by 5.8% during the 1st quarter. Bessemer Group Inc. now owns 3,551 shares of the company’s stock worth $965,000 after purchasing an additional 194 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Constellation Brands during the 1st quarter valued at approximately $201,000. Finally, Axxcess Wealth Management LLC raised its holdings in shares of Constellation Brands by 27.1% in the first quarter. Axxcess Wealth Management LLC now owns 5,629 shares of the company’s stock worth $1,530,000 after buying an additional 1,200 shares during the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.

Insiders Place Their Bets

In other Constellation Brands news, EVP Samuel J. Glaetzer sold 1,510 shares of the business’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 sale, the executive vice president now directly owns 4,970 shares in the company, valued at approximately $1,220,482.90. The trade was a 23.30 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP James A. Jr. Sabia sold 36,086 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $242.99, for a total value of $8,768,537.14. Following the completion of the transaction, the executive vice president now owns 16,042 shares in the company, valued at approximately $3,898,045.58. This trade represents a 69.23 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 189,296 shares of company stock worth $45,899,031. Company insiders own 12.19% of the company’s stock.

Wall Street Analysts Forecast Growth

STZ has been the topic of several research reports. Bank of America reissued a “neutral” rating and issued a $255.00 target price (down from $300.00) on shares of Constellation Brands in a research report on Monday, October 7th. Truist Financial cut their price objective on Constellation Brands from $265.00 to $255.00 and set a “hold” rating on the stock in a report on Friday, October 4th. BMO Capital Markets reduced their price objective on Constellation Brands from $315.00 to $305.00 and set an “outperform” rating for the company in a research note on Tuesday, October 15th. Royal Bank of Canada reiterated an “outperform” rating and issued a $308.00 target price on shares of Constellation Brands in a research report on Tuesday. Finally, Barclays reduced their price target on shares of Constellation Brands from $309.00 to $300.00 and set an “overweight” rating for the company in a research report on Monday, October 7th. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Constellation Brands has an average rating of “Moderate Buy” and an average target price of $290.47.

Constellation Brands Trading Down 0.3 %

Shares of Constellation Brands stock opened at $239.72 on Thursday. 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. The company has a market cap of $43.52 billion, a P/E ratio of 77.58, a price-to-earnings-growth ratio of 1.68 and a beta of 1.75. The firm has a 50-day simple moving average of $243.51 and a two-hundred day simple moving average of $247.73.

Constellation Brands (NYSE:STZ) last issued 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 company had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.95 billion. Constellation Brands had a return on equity of 25.34% and a net margin of 5.29%. Constellation Brands’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.70 earnings per share. As a group, equities analysts predict 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. Investors of record on Tuesday, November 5th will be issued a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Tuesday, November 5th. Constellation Brands’s payout ratio is presently 130.74%.

About Constellation Brands

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.