Haverford Trust Co. Has $293,000 Holdings in Constellation Brands, Inc. (NYSE:STZ)

Haverford Trust Co. cut its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 12.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,415 shares of the company’s stock after selling 200 shares during the quarter. Haverford Trust Co.’s holdings in Constellation Brands were worth $293,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of STZ. Jennison Associates LLC increased its position in shares of Constellation Brands by 120.4% during the second quarter. Jennison Associates LLC now owns 2,727,160 shares of the company’s stock worth $537,087,000 after buying an additional 1,490,064 shares during the period. Bank of America Corp DE increased its position in shares of Constellation Brands by 65.0% during the second quarter. Bank of America Corp DE now owns 3,543,690 shares of the company’s stock worth $697,895,000 after buying an additional 1,395,888 shares during the period. Nuveen Asset Management LLC increased its position in shares of Constellation Brands by 14,808.3% during the second quarter. Nuveen Asset Management LLC now owns 655,518 shares of the company’s stock worth $129,098,000 after buying an additional 651,121 shares during the period. Invesco Ltd. increased its position in shares of Constellation Brands by 68.1% during the second quarter. Invesco Ltd. now owns 1,552,996 shares of the company’s stock worth $305,847,000 after buying an additional 629,124 shares during the period. Finally, Westfield Capital Management Co. LP acquired a new stake in shares of Constellation Brands during the second quarter worth $111,030,000. Institutional investors own 72.08% of the company’s stock.

In other Constellation Brands news, major shareholder Richard Sands sold 95,521 shares of the firm’s 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 $35,468,142.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 15.86% of the stock is currently owned by company insiders.

Several research firms have recently weighed in on STZ. TheStreet cut shares of Constellation Brands from a “b” rating to a “c+” rating in a research report on Thursday, October 3rd. HSBC set a $235.00 price objective on shares of Constellation Brands and gave the stock a “buy” rating in a research report on Tuesday, September 17th. Zacks Investment Research upgraded shares of Constellation Brands from a “sell” rating to a “hold” rating and set a $215.00 price target for the company in a report on Monday, September 23rd. Morgan Stanley reduced their price target on shares of Constellation Brands from $227.00 to $214.00 and set an “equal weight” rating for the company in a report on Friday, October 4th. Finally, MKM Partners reduced their price target on shares of Constellation Brands to $256.00 and set a “buy” rating for the company in a report on Friday, October 4th. Ten investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Constellation Brands presently has a consensus rating of “Buy” and a consensus price target of $223.76.

NYSE:STZ traded down $2.72 during trading hours on Friday, reaching $187.56. The company had a trading volume of 1,424,377 shares, compared to its average volume of 1,745,636. Constellation Brands, Inc. has a twelve month low of $150.37 and a twelve month high of $214.48. The firm has a market cap of $36.74 billion, a price-to-earnings ratio of 20.21, a P/E/G ratio of 2.88 and a beta of 0.67. The business’s 50-day simple moving average is $196.98 and its two-hundred day simple moving average is $198.09. The company has a quick ratio of 1.01, a current ratio of 1.61 and a debt-to-equity ratio of 1.04.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Thursday, October 3rd. The company reported $2.72 earnings per share for the quarter, beating analysts’ consensus estimates of $2.60 by $0.12. Constellation Brands had a net margin of 8.59% and a return on equity of 14.66%. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same period last year, the firm earned $2.87 earnings per share. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. As a group, equities analysts predict that Constellation Brands, Inc. will post 8.45 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend is Thursday, November 7th. Constellation Brands’s dividend payout ratio (DPR) is 10.02%.

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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