California Public Employees Retirement System Has $66.78 Million Position in Constellation Brands Inc (STZ)

California Public Employees Retirement System lifted its position in Constellation Brands Inc (NYSE:STZ) by 2.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 344,700 shares of the company’s stock after acquiring an additional 6,600 shares during the period. California Public Employees Retirement System owned approximately 0.18% of Constellation Brands worth $66,779,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in STZ. UBS Asset Management Americas Inc. raised its position in shares of Constellation Brands by 8.6% in the 1st quarter. UBS Asset Management Americas Inc. now owns 467,139 shares of the company’s stock valued at $75,709,000 after acquiring an additional 36,798 shares during the period. Virginia Retirement Systems ET AL raised its position in shares of Constellation Brands by 5.4% in the 1st quarter. Virginia Retirement Systems ET AL now owns 190,000 shares of the company’s stock valued at $30,793,000 after acquiring an additional 9,800 shares during the period. State of Tennessee Treasury Department raised its position in shares of Constellation Brands by 193.4% in the 1st quarter. State of Tennessee Treasury Department now owns 213,768 shares of the company’s stock valued at $34,646,000 after acquiring an additional 140,909 shares during the period. CIBC World Markets Inc. raised its position in shares of Constellation Brands by 362.9% in the 1st quarter. CIBC World Markets Inc. now owns 434,133 shares of the company’s stock valued at $70,360,000 after acquiring an additional 340,354 shares during the period. Finally, State of Wisconsin Investment Board raised its position in shares of Constellation Brands by 22.6% in the 1st quarter. State of Wisconsin Investment Board now owns 205,493 shares of the company’s stock valued at $33,304,000 after acquiring an additional 37,846 shares during the period. Institutional investors and hedge funds own 74.96% of the company’s stock.

In other news, VP Thomas J. Mullin sold 54,834 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $194.50, for a total transaction of $10,665,213.00. Following the transaction, the vice president now directly owns 86,005 shares of the company’s stock, valued at $16,727,972.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Thomas Michael Kane sold 4,940 shares of the company’s stock in a transaction that occurred on Friday, July 7th. The stock was sold at an average price of $193.28, for a total value of $954,803.20. Following the transaction, the vice president now directly owns 8,914 shares in the company, valued at $1,722,897.92. The disclosure for this sale can be found here. Insiders have sold 108,118 shares of company stock worth $21,052,835 over the last ninety days. 15.59% of the stock is owned by insiders.

A number of analysts recently weighed in on the stock. Macquarie assumed coverage on shares of Constellation Brands in a research report on Thursday, September 14th. They issued an “outperform” rating and a $227.00 price target on the stock. Wells Fargo & Company reiterated an “outperform” rating and issued a $216.00 price target (up from $215.00) on shares of Constellation Brands in a research report on Saturday, July 22nd. Goldman Sachs Group, Inc. (The) downgraded shares of Constellation Brands from a “buy” rating to a “neutral” rating and cut their price target for the company from $212.00 to $210.00 in a research report on Monday, July 24th. BidaskClub upgraded shares of Constellation Brands from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 12th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $220.00 price target on shares of Constellation Brands in a research report on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, six have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $202.00.

Constellation Brands Inc (NYSE:STZ) traded up 0.09% during mid-day trading on Friday, hitting $201.20. 100,234 shares of the stock were exchanged. Constellation Brands Inc has a 1-year low of $144.00 and a 1-year high of $205.12. The stock has a 50 day moving average price of $198.80 and a 200 day moving average price of $183.32. The company has a market capitalization of $39.29 billion, a PE ratio of 25.24 and a beta of 0.03.

Constellation Brands (NYSE:STZ) last issued its earnings results on Thursday, June 29th. The company reported $2.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.98 by $0.36. Constellation Brands had a return on equity of 21.57% and a net margin of 19.94%. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same period in the prior year, the firm earned $1.54 earnings per share. Constellation Brands’s revenue for the quarter was up 3.4% on a year-over-year basis. On average, equities analysts anticipate that Constellation Brands Inc will post $8.18 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend was Monday, August 7th. Constellation Brands’s payout ratio is 26.03%.

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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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