AT Bancorp lessened its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 12.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 17,813 shares of the company’s stock after selling 2,541 shares during the quarter. Constellation Brands comprises about 0.4% of AT Bancorp’s portfolio, making the stock its 23rd largest holding. AT Bancorp’s holdings in Constellation Brands were worth $4,072,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of STZ. AHL Partners LLP acquired a new stake in Constellation Brands in the 2nd quarter worth about $3,032,000. Shelton Capital Management acquired a new stake in Constellation Brands in the 2nd quarter worth about $210,000. Cornerstone Capital Management Holdings LLC. raised its stake in Constellation Brands by 69.7% in the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 50,816 shares of the company’s stock worth $9,844,000 after purchasing an additional 20,865 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in Constellation Brands by 435.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,842 shares of the company’s stock valued at $357,000 after buying an additional 1,498 shares during the period. Finally, Princeton Portfolio Strategies Group LLC increased its holdings in Constellation Brands by 3.3% in the 2nd quarter. Princeton Portfolio Strategies Group LLC now owns 2,352 shares of the company’s stock valued at $456,000 after buying an additional 75 shares during the period. Institutional investors and hedge funds own 75.45% of the company’s stock.
Shares of Constellation Brands, Inc. (NYSE STZ) opened at $211.00 on Tuesday. The stock has a market cap of $41,880.00, a P/E ratio of 25.64, a P/E/G ratio of 1.33 and a beta of 0.11. The company has a current ratio of 1.40, a quick ratio of 0.54 and a debt-to-equity ratio of 1.01. Constellation Brands, Inc. has a 1-year low of $148.38 and a 1-year high of $229.50.
Constellation Brands (NYSE:STZ) last announced its quarterly earnings results on Friday, January 5th. The company reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.13. The company had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.87 billion. Constellation Brands had a net margin of 22.55% and a return on equity of 22.04%. During the same period in the previous year, the firm posted $1.96 EPS. research analysts anticipate that Constellation Brands, Inc. will post 8.53 earnings per share for the current fiscal year.
Constellation Brands announced that its board has approved a stock repurchase program on Friday, January 5th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Friday, February 9th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Thursday, February 8th. Constellation Brands’s dividend payout ratio (DPR) is presently 25.27%.
In related news, Director Barry A. Fromberg sold 2,005 shares of Constellation Brands stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $220.42, for a total transaction of $441,942.10. Following the sale, the director now directly owns 20,790 shares in the company, valued at approximately $4,582,531.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Thomas J. Mullin sold 18,227 shares of Constellation Brands stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $217.01, for a total transaction of $3,955,441.27. Following the sale, the vice president now owns 72,924 shares in the company, valued at $15,825,237.24. The disclosure for this sale can be found here. Insiders own 15.59% of the company’s stock.
STZ has been the topic of several recent analyst reports. Royal Bank of Canada reissued a “buy” rating and issued a $226.00 target price on shares of Constellation Brands in a report on Sunday, November 12th. Zacks Investment Research raised shares of Constellation Brands from a “hold” rating to a “buy” rating and set a $249.00 target price on the stock in a report on Monday, December 18th. Deutsche Bank initiated coverage on shares of Constellation Brands in a report on Wednesday, December 13th. They issued a “buy” rating and a $244.00 target price on the stock. SunTrust Banks reissued a “buy” rating and issued a $250.00 target price (up from $230.00) on shares of Constellation Brands in a report on Monday, January 8th. Finally, Susquehanna Bancshares set a $207.00 target price on shares of Constellation Brands and gave the company a “hold” rating in a report on Sunday, January 7th. Five equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company. Constellation Brands has an average rating of “Buy” and an average target price of $235.91.
Constellation Brands Company 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.
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