Intellectus Partners LLC raised its holdings in Constellation Brands, Inc. (NYSE:STZ) by 6.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,940 shares of the company’s stock after purchasing an additional 302 shares during the period. Intellectus Partners LLC’s holdings in Constellation Brands were worth $937,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. State Street Corp lifted its holdings in shares of Constellation Brands by 1.7% in the third quarter. State Street Corp now owns 7,469,971 shares of the company’s stock valued at $1,548,376,000 after purchasing an additional 124,090 shares in the last quarter. Macquarie Group Ltd. lifted its stake in shares of Constellation Brands by 6.8% during the second quarter. Macquarie Group Ltd. now owns 729,885 shares of the company’s stock valued at $143,743,000 after buying an additional 46,562 shares during the period. Nuveen Asset Management LLC lifted its stake 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 valued at $129,098,000 after buying an additional 651,121 shares during the period. Parametric Portfolio Associates LLC lifted its stake in shares of Constellation Brands by 10.6% during the third quarter. Parametric Portfolio Associates LLC now owns 587,674 shares of the company’s stock valued at $121,813,000 after buying an additional 56,088 shares during the period. Finally, Prudential PLC lifted its stake in shares of Constellation Brands by 5.8% during the second quarter. Prudential PLC now owns 572,961 shares of the company’s stock valued at $112,873,000 after buying an additional 31,263 shares during the period. 71.94% of the stock is currently owned by institutional investors.
In other news, CFO David Eric Klein sold 36,488 shares of the stock in a transaction on Thursday, January 9th. The shares were sold at an average price of $195.48, for a total value of $7,132,674.24. Following the completion of the sale, the chief financial officer now owns 45,380 shares of the company’s stock, valued at $8,870,882.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Robert Lee Hanson sold 4,056 shares of the stock in a transaction on Thursday, January 9th. The stock was sold at an average price of $195.00, for a total transaction of $790,920.00. Following the completion of the sale, the executive vice president now directly owns 8,591 shares of the company’s stock, valued at approximately $1,675,245. The disclosure for this sale can be found here. 15.86% of the stock is owned by corporate insiders.
Several brokerages recently issued reports on STZ. MKM Partners upped their price objective on shares of Constellation Brands from to in a research note on Thursday, January 9th. Cowen reissued a “buy” rating and set a $240.00 price objective on shares of Constellation Brands in a research note on Friday, December 6th. Royal Bank of Canada reissued a “buy” rating and set a $250.00 price objective on shares of Constellation Brands in a research note on Thursday. ValuEngine downgraded shares of Constellation Brands from a “hold” rating to a “sell” rating in a research note on Friday, January 10th. Finally, OTR Global raised shares of Constellation Brands to a “positive” rating in a research note on Friday, September 27th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $227.61.
STZ stock traded down $3.49 on Friday, hitting $190.49. 42,682 shares of the company were exchanged, compared to its average volume of 1,416,401. Constellation Brands, Inc. has a twelve month low of $163.52 and a twelve month high of $214.48. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.41 and a quick ratio of 0.86. The business’s fifty day moving average is $187.39 and its two-hundred day moving average is $194.09. The stock has a market capitalization of $36.78 billion, a price-to-earnings ratio of 45.97, a price-to-earnings-growth ratio of 2.66 and a beta of 0.64.
Constellation Brands (NYSE:STZ) last issued its quarterly earnings results on Wednesday, January 8th. The company reported $2.14 EPS for the quarter, topping the consensus estimate of $1.84 by $0.30. Constellation Brands had a net margin of 9.21% and a return on equity of 14.15%. The firm had revenue of $2.18 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same quarter in the prior year, the business posted $2.37 earnings per share. Constellation Brands’s revenue for the quarter was up 1.0% compared to the same quarter last year. Equities research analysts expect that Constellation Brands, Inc. will post 8.83 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Tuesday, February 11th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.57%. The ex-dividend date is Monday, February 10th. Constellation Brands’s dividend payout ratio (DPR) is 32.33%.
Constellation Brands Company Profile
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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