Crossmark Global Holdings Inc. Lowers Stake in Constellation Brands, Inc. (NYSE:STZ)

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Crossmark Global Holdings Inc. lowered its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 9.9% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 12,494 shares of the company’s stock after selling 1,374 shares during the period. Crossmark Global Holdings Inc.’s holdings in Constellation Brands were worth $2,590,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Wisconsin Capital Management LLC lifted its holdings in Constellation Brands by 0.3% during the 1st quarter. Wisconsin Capital Management LLC now owns 15,044 shares of the company’s stock worth $2,638,000 after buying an additional 50 shares in the last quarter. Berman Capital Advisors LLC lifted its holdings in Constellation Brands by 31.9% during the 2nd quarter. Berman Capital Advisors LLC now owns 219 shares of the company’s stock worth $43,000 after buying an additional 53 shares in the last quarter. Sky Investment Group LLC lifted its holdings in Constellation Brands by 0.6% during the 2nd quarter. Sky Investment Group LLC now owns 9,618 shares of the company’s stock worth $1,894,000 after buying an additional 55 shares in the last quarter. Grove Bank & Trust lifted its holdings in Constellation Brands by 2.3% during the 2nd quarter. Grove Bank & Trust now owns 2,413 shares of the company’s stock worth $475,000 after buying an additional 55 shares in the last quarter. Finally, Chicago Equity Partners LLC lifted its holdings in Constellation Brands by 2.0% during the 2nd quarter. Chicago Equity Partners LLC now owns 3,575 shares of the company’s stock worth $704,000 after buying an additional 70 shares in the last quarter. 72.10% of the stock is owned by hedge funds and other institutional investors.

NYSE STZ opened at $193.08 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.61 and a quick ratio of 1.01. The firm’s fifty day moving average price is $202.54 and its 200 day moving average price is $196.86. The company has a market capitalization of $37.07 billion, a price-to-earnings ratio of 20.81, a price-to-earnings-growth ratio of 2.84 and a beta of 0.69. Constellation Brands, Inc. has a 12 month low of $150.37 and a 12 month high of $228.49.

Constellation Brands (NYSE:STZ) last posted its earnings results on Thursday, October 3rd. The company reported $2.72 EPS for the quarter, beating the Zacks’ consensus estimate of $2.60 by $0.12. The firm had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.34 billion. Constellation Brands had a net margin of 8.59% and a return on equity of 14.66%. The company’s revenue was up 2.0% on a year-over-year basis. During the same period last year, the firm posted $2.87 EPS. As a group, sell-side analysts forecast that Constellation Brands, Inc. will post 8.45 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date is Thursday, November 7th. Constellation Brands’s dividend payout ratio (DPR) is 10.02%.

STZ has been the topic of a number of research reports. UBS Group increased their target price on shares of Constellation Brands from $195.00 to $212.00 and gave the stock a “neutral” rating in a report on Tuesday, July 2nd. Citigroup set a $210.00 target price on shares of Constellation Brands and gave the stock a “hold” rating in a report on Monday, July 1st. Bank of America set a $221.00 price objective on shares of Constellation Brands and gave the company a “buy” rating in a report on Monday, July 1st. HSBC set a $235.00 price objective on shares of Constellation Brands and gave the company a “buy” rating in a report on Tuesday, September 17th. Finally, Zacks Investment Research upgraded shares of Constellation Brands from a “sell” rating to a “hold” rating and set a $215.00 price objective on the stock in a report on Monday, September 23rd. Ten research analysts have rated the stock with a hold rating, fourteen 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 a consensus target price of $223.76.

In related news, major shareholder Richard Sands sold 95,521 shares of the stock in a transaction on Friday, August 30th. The shares were sold at an average price of $204.57, for a total value of $19,540,730.97. Following the transaction, the insider now directly owns 173,379 shares of the company’s stock, valued at approximately $35,468,142.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jeremy S. G. Fowden sold 10,213 shares of the stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $197.35, for a total transaction of $2,015,535.55. Following the completion of the transaction, the director now directly owns 27,630 shares in the company, valued at $5,452,780.50. The disclosure for this sale can be found here. Company insiders own 15.86% of the company’s stock.

About Constellation Brands

Constellation Brands, Inc, together with its subsidiaries, produces, imports, and markets beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. It provides beer primarily under the Corona Extra, Corona Light, Corona Premier, Corona Familiar Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands, as well as Funky Buddha, Four Corners, and Ballast Point brands.

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

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