Meeder Advisory Services Inc. Sells 530 Shares of Constellation Brands, Inc. (NYSE:STZ)

Meeder Advisory Services Inc. decreased its holdings in Constellation Brands, Inc. (NYSE:STZ) by 11.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,282 shares of the company’s stock after selling 530 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Constellation Brands were worth $1,104,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Orion Portfolio Solutions LLC boosted its position in shares of Constellation Brands by 1.1% in the 1st quarter. Orion Portfolio Solutions LLC now owns 3,676 shares of the company’s stock worth $999,000 after purchasing an additional 39 shares during the last quarter. Bahl & Gaynor Inc. boosted its holdings in Constellation Brands by 9.4% during the first quarter. Bahl & Gaynor Inc. now owns 5,359 shares of the company’s stock worth $1,456,000 after buying an additional 459 shares during the last quarter. O Shaughnessy Asset Management LLC grew its position in shares of 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 buying an additional 1,239 shares during the period. UniSuper Management Pty Ltd increased its stake in shares of Constellation Brands by 285.8% in the 1st quarter. UniSuper Management Pty Ltd now owns 5,722 shares of the company’s stock valued at $1,555,000 after acquiring an additional 4,239 shares during the last quarter. Finally, Bessemer Group Inc. raised its position in shares of 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 acquiring an additional 194 shares during the period. Institutional investors and hedge funds own 77.34% of the company’s stock.

Constellation Brands Stock Performance

NYSE STZ opened at $238.06 on Tuesday. The firm has a market capitalization of $43.22 billion, a P/E ratio of 77.04, a price-to-earnings-growth ratio of 1.68 and a beta of 0.90. The company has a current ratio of 1.25, a quick ratio of 0.53 and a debt-to-equity ratio of 1.31. The firm’s fifty day moving average price is $243.88 and its two-hundred day moving average price is $247.90. Constellation Brands, Inc. has a 1 year low of $224.76 and a 1 year high of $274.87.

Constellation Brands (NYSE:STZ) last posted its earnings results on Thursday, October 3rd. The company reported $4.32 earnings per share for the quarter, topping analysts’ consensus estimates of $4.08 by $0.24. Constellation Brands had a return on equity of 25.34% and a net margin of 5.29%. The business had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.95 billion. During the same period in the previous year, the firm earned $3.70 EPS. The firm’s revenue was up 2.9% compared to the same quarter last year. As a group, research analysts anticipate that Constellation Brands, Inc. will post 13.57 EPS for the current year.

Constellation Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Tuesday, November 5th will be paid a dividend of $1.01 per share. The ex-dividend date 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 (DPR) is currently 130.74%.

Insider Buying and Selling

In related news, Director Robert Sands sold 119,274 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 431,729 shares in the company, valued at $104,638,157.73. This represents a 21.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO William A. Newlands sold 7,426 shares of Constellation Brands stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $237.24, for a total value of $1,761,744.24. Following the sale, the chief executive officer now directly owns 7,274 shares in the company, valued at $1,725,683.76. The trade was a 50.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 189,296 shares of company stock valued at $45,899,031. Insiders own 12.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on STZ. Morgan Stanley decreased their price objective on shares of Constellation Brands from $305.00 to $280.00 and set an “overweight” rating for the company in a report on Monday, August 26th. TD Cowen downgraded Constellation Brands from a “buy” rating to a “hold” rating and lowered their price target for the stock from $300.00 to $270.00 in a report on Tuesday, October 8th. JPMorgan Chase & Co. lowered their target price on Constellation Brands from $307.00 to $293.00 and set an “overweight” rating for the company in a research note on Friday, October 4th. Bank of America reissued a “neutral” rating and set a $255.00 price objective (down previously from $300.00) on shares of Constellation Brands in a research report on Monday, October 7th. Finally, Barclays reduced their target price on shares of Constellation Brands from $309.00 to $300.00 and set an “overweight” rating for the company in a research note on Monday, October 7th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $290.47.

Constellation Brands Company 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.