Constellation Brands, Inc. (NYSE:STZ) Shares Sold by Hutchens & Kramer Investment Management Group LLC

Hutchens & Kramer Investment Management Group LLC lessened its holdings in Constellation Brands, Inc. (NYSE:STZ) by 12.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,641 shares of the company’s stock after selling 368 shares during the quarter. Hutchens & Kramer Investment Management Group LLC’s holdings in Constellation Brands were worth $681,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Dover Advisors LLC lifted its position in Constellation Brands by 8.7% during the third quarter. Dover Advisors LLC now owns 3,844 shares of the company’s stock valued at $991,000 after purchasing an additional 307 shares during the period. Occidental Asset Management LLC raised its stake in shares of Constellation Brands by 1.8% during the 3rd quarter. Occidental Asset Management LLC now owns 12,071 shares of the company’s stock valued at $3,111,000 after buying an additional 217 shares during the last quarter. Cornell Pochily Investment Advisors Inc. lifted its holdings in shares of Constellation Brands by 2.9% in the 3rd quarter. Cornell Pochily Investment Advisors Inc. now owns 5,511 shares of the company’s stock valued at $1,420,000 after buying an additional 156 shares during the period. Iams Wealth Management LLC purchased a new stake in shares of Constellation Brands in the third quarter worth about $253,000. Finally, Granite Harbor Advisors Inc. grew its holdings in Constellation Brands by 12.8% during the third quarter. Granite Harbor Advisors Inc. now owns 951 shares of the company’s stock worth $245,000 after acquiring an additional 108 shares during the period. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Constellation Brands news, Director Daniel J. Mccarthy sold 1,854 shares of the business’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $252.43, for a total value of $468,005.22. Following the completion of the transaction, the director now directly owns 3,232 shares in the company, valued at approximately $815,853.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Constellation Brands news, CFO Garth Hankinson sold 13,583 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $240.00, for a total transaction of $3,259,920.00. Following the sale, the chief financial officer now owns 11,702 shares in the company, valued at $2,808,480. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Daniel J. Mccarthy sold 1,854 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $252.43, for a total transaction of $468,005.22. Following the completion of the transaction, the director now directly owns 3,232 shares in the company, valued at $815,853.76. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,947 shares of company stock worth $4,098,736 over the last 90 days. 12.19% of the stock is currently owned by corporate insiders.

Constellation Brands Stock Down 0.7 %

Shares of NYSE:STZ traded down $1.71 during trading on Tuesday, hitting $244.00. The company’s stock had a trading volume of 1,302,878 shares, compared to its average volume of 1,188,232. The business has a 50 day moving average price of $246.28 and a two-hundred day moving average price of $252.09. 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, Inc. has a fifty-two week low of $227.64 and a fifty-two week high of $274.87. The company has a market capitalization of $44.65 billion, a PE ratio of 18.24, a P/E/G ratio of 1.70 and a beta of 1.75.

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

Constellation Brands Announces Dividend

The company 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 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Tuesday, November 5th. Constellation Brands’s dividend payout ratio is currently 30.10%.

Wall Street Analyst Weigh In

STZ has been the subject of a number of analyst reports. Roth Mkm reissued a “buy” rating and issued a $298.00 price target on shares of Constellation Brands in a report on Friday, October 4th. Bank of America reiterated a “neutral” rating and issued a $255.00 target price (down from $300.00) on shares of Constellation Brands in a research note on Monday, October 7th. Morgan Stanley dropped their price target on shares of Constellation Brands from $305.00 to $280.00 and set an “overweight” rating on the stock in a research report on Monday, August 26th. Royal Bank of Canada reiterated an “outperform” rating and issued a $308.00 price objective on shares of Constellation Brands in a research report on Friday, October 4th. Finally, Evercore ISI dropped their target price on Constellation Brands from $310.00 to $300.00 and set an “outperform” rating on the stock in a research report on Friday, October 4th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price 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.