Constellation Brands Inc. (STZ) Shares Sold by Atalanta Sosnoff Capital LLC
Atalanta Sosnoff Capital LLC lowered its position in Constellation Brands Inc. (NYSE:STZ) by 6.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 51,680 shares of the company’s stock after selling 3,444 shares during the period. Atalanta Sosnoff Capital LLC’s holdings in Constellation Brands were worth $8,548,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Nuveen Asset Management LLC increased its position in shares of Constellation Brands by 14.3% in the first quarter. Nuveen Asset Management LLC now owns 207,493 shares of the company’s stock worth $31,350,000 after buying an additional 25,918 shares during the last quarter. Wellington Management Group LLP acquired a new position in shares of Constellation Brands during the first quarter worth about $57,704,000. Natixis increased its position in shares of Constellation Brands by 1,155.2% in the first quarter. Natixis now owns 305,995 shares of the company’s stock worth $46,233,000 after buying an additional 281,616 shares during the last quarter. CIBC World Markets Inc. increased its position in shares of Constellation Brands by 42.4% in the second quarter. CIBC World Markets Inc. now owns 76,159 shares of the company’s stock worth $12,597,000 after buying an additional 22,676 shares during the last quarter. Finally, Royal Bank of Canada increased its position in shares of Constellation Brands by 18.2% in the first quarter. Royal Bank of Canada now owns 266,963 shares of the company’s stock worth $40,334,000 after buying an additional 41,143 shares during the last quarter. 75.30% of the stock is currently owned by institutional investors and hedge funds.
Shares of Constellation Brands Inc. (NYSE:STZ) traded up 0.10% on Tuesday, reaching $162.85. 794,180 shares of the company were exchanged. Constellation Brands Inc. has a 52-week low of $122.35 and a 52-week high of $168.68. The stock has a 50 day moving average of $164.79 and a 200-day moving average of $158.48. The company has a market capitalization of $32.65 billion, a P/E ratio of 29.34 and a beta of 0.72.
Constellation Brands (NYSE:STZ) last announced its quarterly earnings results on Thursday, June 30th. The company reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.02. Constellation Brands had a net margin of 15.53% and a return on equity of 17.66%. The firm earned $1.87 billion during the quarter. During the same period last year, the firm earned $1.26 earnings per share. Constellation Brands’s revenue was up 14.8% on a year-over-year basis. On average, analysts predict that Constellation Brands Inc. will post $6.31 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 24th. Shareholders of record on Wednesday, August 10th were paid a $0.40 dividend. The ex-dividend date of this dividend was Monday, August 8th. This represents a $1.60 dividend on an annualized basis and a yield of 0.98%. Constellation Brands’s dividend payout ratio is presently 28.78%.
A number of equities analysts have recently issued reports on STZ shares. Credit Agricole SA reaffirmed an “outperform” rating on shares of Constellation Brands in a research report on Monday, August 22nd. Zacks Investment Research downgraded Constellation Brands from a “buy” rating to a “hold” rating in a research report on Wednesday, June 8th. Wells Fargo & Co. reissued a “buy” rating on shares of Constellation Brands in a research report on Thursday, June 30th. Morgan Stanley reissued a “buy” rating on shares of Constellation Brands in a research report on Thursday, September 15th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $181.00 target price on shares of Constellation Brands in a research report on Wednesday, June 22nd. Six analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $174.46.
In other Constellation Brands news, VP Thomas J. Mullin sold 9,516 shares of Constellation Brands stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $166.42, for a total value of $1,583,652.72. Following the transaction, the vice president now directly owns 88,602 shares in the company, valued at $14,745,144.84. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Thomas J. Mullin sold 30,000 shares of Constellation Brands stock in a transaction on Wednesday, July 6th. The shares were sold at an average price of $165.73, for a total transaction of $4,971,900.00. Following the completion of the transaction, the vice president now owns 101,702 shares in the company, valued at $16,855,072.46. The disclosure for this sale can be found here. 10.63% of the stock is currently owned by company insiders.
Constellation Brands Company Profile
Constellation Brands, Inc is an international beverage alcohol company. The Company is a producer and marketer of beer and wine the United States and Canada. 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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