Security National Trust Co. lowered its stake in shares of Constellation Brands Inc (NYSE:STZ) by 12.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,790 shares of the company’s stock after selling 550 shares during the quarter. Security National Trust Co.’s holdings in Constellation Brands were worth $756,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. grew its position in shares of Constellation Brands by 50.3% during the second quarter. Oppenheimer Asset Management Inc. now owns 577 shares of the company’s stock worth $112,000 after buying an additional 193 shares in the last quarter. North Star Investment Management Corp. grew its position in shares of Constellation Brands by 11.6% during the second quarter. North Star Investment Management Corp. now owns 748 shares of the company’s stock worth $145,000 after buying an additional 78 shares in the last quarter. Hanson McClain Inc. grew its position in shares of Constellation Brands by 0.4% during the second quarter. Hanson McClain Inc. now owns 772 shares of the company’s stock worth $149,000 after buying an additional 3 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its position in shares of Constellation Brands by 609.1% during the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 780 shares of the company’s stock worth $151,000 after buying an additional 670 shares in the last quarter. Finally, Acrospire Investment Management LLC grew its position in shares of Constellation Brands by 100.0% during the second quarter. Acrospire Investment Management LLC now owns 800 shares of the company’s stock worth $155,000 after buying an additional 400 shares in the last quarter. 73.51% of the stock is owned by institutional investors and hedge funds.

STZ has been the subject of a number of recent analyst reports. Pivotal Research raised their price target on shares of Constellation Brands from $250.00 to $265.00 and gave the stock a “buy” rating in a research report on Thursday, October 5th. Cowen and Company reissued a “buy” rating and set a $230.00 price target on shares of Constellation Brands in a research report on Thursday, August 3rd. Royal Bank Of Canada reissued a “buy” rating and set a $220.00 price target on shares of Constellation Brands in a research report on Wednesday, August 2nd. BidaskClub downgraded shares of Constellation Brands from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Finally, Stifel Nicolaus raised their price target on shares of Constellation Brands from $216.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $216.00.

Constellation Brands Inc (NYSE:STZ) traded down $1.05 during mid-day trading on Monday, reaching $216.29. The company’s stock had a trading volume of 880,400 shares, compared to its average volume of 1,479,586. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.61 and a quick ratio of 0.69. The company has a market capitalization of $42,600.00, a PE ratio of 26.22, a price-to-earnings-growth ratio of 1.39 and a beta of 0.10. Constellation Brands Inc has a 12 month low of $144.00 and a 12 month high of $227.20.

Constellation Brands (NYSE:STZ) last posted its earnings results on Thursday, October 5th. The company reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.17 by $0.30. The company had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.06 billion. Constellation Brands had a return on equity of 22.81% and a net margin of 21.47%. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period last year, the business posted $1.77 earnings per share. analysts predict that Constellation Brands Inc will post 8.43 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 21st. Shareholders of record on Tuesday, November 7th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Monday, November 6th. Constellation Brands’s payout ratio is 26.60%.

In related news, VP Thomas J. Mullin sold 18,227 shares of Constellation Brands stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $217.01, for a total transaction of $3,955,441.27. Following the sale, the vice president now directly owns 72,924 shares in the company, valued at $15,825,237.24. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Thomas J. Mullin sold 50,000 shares of Constellation Brands stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $209.45, for a total transaction of $10,472,500.00. The disclosure for this sale can be found here. Insiders sold 86,179 shares of company stock worth $18,030,434 over the last quarter. 15.59% of the stock is currently owned by company insiders.

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Constellation Brands Profile

Constellation Brands, Inc is an international beverage alcohol company. The Company is a producer and marketer of beer, wine and spirits with operations in the United States, Canada, Mexico, New Zealand and Italy. Its segments include Beer, Wine and Spirits, and Corporate Operations and Other. It is a multi-category supplier (beer, wine and spirits) of beverage alcohol in the United States.

Institutional Ownership by Quarter for Constellation Brands (NYSE:STZ)

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