Constellation Brands Inc (NYSE:STZ) Shares Sold by Arizona State Retirement System
Arizona State Retirement System lowered its position in shares of Constellation Brands Inc (NYSE:STZ) by 3.5% during the second quarter, Holdings Channel reports. The firm owned 54,671 shares of the company’s stock after selling 2,000 shares during the period. Arizona State Retirement System’s holdings in Constellation Brands were worth $10,591,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of STZ. Quadrant Capital Group LLC raised its stake in shares of Constellation Brands by 3.2% in the first quarter. Quadrant Capital Group LLC now owns 765 shares of the company’s stock worth $115,000 after buying an additional 24 shares during the period. Tompkins Financial Corp raised its stake in shares of Constellation Brands by 29.4% in the first quarter. Tompkins Financial Corp now owns 770 shares of the company’s stock worth $116,000 after buying an additional 175 shares during the period. Harbour Capital Advisors LLC purchased a new stake in shares of Constellation Brands during the first quarter worth $117,000. Hanson McClain Inc. raised its stake in shares of Constellation Brands by 0.3% in the first quarter. Hanson McClain Inc. now owns 769 shares of the company’s stock worth $125,000 after buying an additional 2 shares during the period. Finally, Barometer Capital Management Inc. purchased a new stake in shares of Constellation Brands during the first quarter worth $130,000. 76.14% of the stock is owned by institutional investors and hedge funds.
Shares of Constellation Brands Inc (NYSE STZ) opened at 194.69 on Friday. The stock has a market cap of $38.02 billion, a P/E ratio of 24.42 and a beta of 0.06. Constellation Brands Inc has a 1-year low of $144.00 and a 1-year high of $199.89. The firm’s 50-day moving average price is $193.29 and its 200 day moving average price is $174.15.
Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Thursday, June 29th. The company reported $2.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.36. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.95 billion. Constellation Brands had a return on equity of 21.57% and a net margin of 19.94%. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.54 earnings per share. On average, equities analysts expect that Constellation Brands Inc will post $8.17 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 9th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Monday, August 7th. Constellation Brands’s payout ratio is 26.03%.
COPYRIGHT VIOLATION NOTICE: This report was posted by Watch List News and is the sole property of of Watch List News. If you are viewing this report on another site, it was illegally stolen and republished in violation of U.S. & international copyright laws. The original version of this report can be read at https://www.watchlistnews.com/constellation-brands-inc-nysestz-shares-sold-by-arizona-state-retirement-system/1474357.html.
A number of brokerages have weighed in on STZ. Argus lifted their target price on Constellation Brands from $194.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, July 5th. Vetr lowered Constellation Brands from a “hold” rating to a “sell” rating and set a $175.98 price target for the company. in a research report on Tuesday, May 16th. Royal Bank Of Canada reissued an “outperform” rating and issued a $220.00 price target (up from $205.00) on shares of Constellation Brands in a research report on Friday, June 30th. Zacks Investment Research raised Constellation Brands from a “hold” rating to a “buy” rating and set a $207.00 price target for the company in a research report on Thursday, June 22nd. Finally, Goldman Sachs Group, Inc. (The) reissued a “conviction-buy” rating and issued a $212.00 price target (up from $198.00) on shares of Constellation Brands in a research report on Friday, June 30th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $200.53.
In other Constellation Brands news, Director Barry A. Fromberg sold 2,000 shares of the firm’s stock in a transaction dated Thursday, July 13th. The stock was sold at an average price of $195.93, for a total transaction of $391,860.00. Following the transaction, the director now owns 22,820 shares of the company’s stock, valued at $4,471,122.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Christopher Stenzel sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $196.75, for a total value of $983,750.00. Following the transaction, the executive vice president now directly owns 39,721 shares in the company, valued at approximately $7,815,106.75. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 95,601 shares of company stock worth $18,586,986. Corporate insiders own 15.59% of the company’s stock.
About Constellation Brands
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.
Want to see what other hedge funds are holding STZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Constellation Brands Inc (NYSE:STZ).
Receive News & Ratings for Constellation Brands Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Constellation Brands Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.