Constellation Brands, Inc. (STZ) Holdings Increased by Parametric Portfolio Associates LLC
Parametric Portfolio Associates LLC raised its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 1.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 640,510 shares of the company’s stock after purchasing an additional 8,004 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.33% of Constellation Brands worth $127,750,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the business. AXA boosted its stake in Constellation Brands by 11.5% during the 3rd quarter. AXA now owns 131,902 shares of the company’s stock valued at $26,308,000 after purchasing an additional 13,570 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in Constellation Brands during the 3rd quarter valued at $1,956,000. Public Employees Retirement System of Ohio boosted its stake in shares of Constellation Brands by 8.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 139,884 shares of the company’s stock worth $27,900,000 after buying an additional 10,803 shares during the last quarter. GSA Capital Partners LLP boosted its stake in shares of Constellation Brands by 200.9% in the 3rd quarter. GSA Capital Partners LLP now owns 5,347 shares of the company’s stock worth $1,066,000 after buying an additional 3,570 shares during the last quarter. Finally, Truepoint Inc. purchased a new position in shares of Constellation Brands in the 3rd quarter worth $294,000. Institutional investors and hedge funds own 75.04% of the company’s stock.
Constellation Brands, Inc. (STZ) opened at $224.44 on Friday. The firm has a market capitalization of $43,571.46, a price-to-earnings ratio of 27.00, a P/E/G ratio of 1.44 and a beta of 0.08. The company has a current ratio of 1.61, a quick ratio of 0.69 and a debt-to-equity ratio of 1.01. Constellation Brands, Inc. has a 52-week low of $144.00 and a 52-week high of $227.20.
Constellation Brands (NYSE:STZ) last released its earnings results on Thursday, October 5th. The company reported $2.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.17 by $0.30. The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.06 billion. Constellation Brands had a return on equity of 22.81% and a net margin of 21.47%. Constellation Brands’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.77 earnings per share. equities analysts anticipate that Constellation Brands, Inc. will post 8.43 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, November 21st. Investors of record on Tuesday, November 7th were given a dividend of $0.52 per share. The ex-dividend date was Monday, November 6th. This represents a $2.08 annualized dividend and a yield of 0.93%. Constellation Brands’s dividend payout ratio (DPR) is presently 23.85%.
A number of equities analysts have recently issued reports on the company. SunTrust Banks restated a “buy” rating and issued a $230.00 price target on shares of Constellation Brands in a research note on Friday, October 6th. Evercore ISI restated an “outperform” rating and issued a $235.00 price target (up from $230.00) on shares of Constellation Brands in a research note on Friday, October 6th. Pivotal Research raised their price target on Constellation Brands from $250.00 to $265.00 and gave the stock a “buy” rating in a research note on Thursday, October 5th. Morgan Stanley raised their price target on Constellation Brands from $218.00 to $245.00 and gave the stock an “overweight” rating in a research note on Friday, October 6th. Finally, Citigroup restated a “neutral” rating and issued a $232.00 price target (up from $211.00) on shares of Constellation Brands in a research note on Monday, October 9th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $217.40.
In other Constellation Brands news, Director Barry A. Fromberg sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $208.00, for a total transaction of $520,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Thomas J. Mullin sold 18,227 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $217.01, for a total value of $3,955,441.27. Following the sale, the vice president now directly owns 72,924 shares in the company, valued at $15,825,237.24. The disclosure for this sale can be found here. Insiders have sold 73,662 shares of company stock worth $15,564,585 over the last quarter. 15.59% of the stock is owned by company insiders.
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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.
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