Constellation Brands, Inc. (STZ) Holdings Raised by Stifel Financial Corp
Stifel Financial Corp raised its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 6.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 61,239 shares of the company’s stock after acquiring an additional 3,465 shares during the period. Stifel Financial Corp’s holdings in Constellation Brands were worth $12,220,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in STZ. Oppenheimer Asset Management Inc. increased its position in shares of Constellation Brands by 50.3% during the second quarter. Oppenheimer Asset Management Inc. now owns 577 shares of the company’s stock valued at $112,000 after acquiring an additional 193 shares during the last quarter. Hanson McClain Inc. boosted its stake in shares of Constellation Brands by 0.4% in the second quarter. Hanson McClain Inc. now owns 772 shares of the company’s stock valued at $149,000 after purchasing an additional 3 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in shares of Constellation Brands by 609.1% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 780 shares of the company’s stock valued at $151,000 after purchasing an additional 670 shares during the period. Acrospire Investment Management LLC boosted its stake in shares of Constellation Brands by 100.0% in the second quarter. Acrospire Investment Management LLC now owns 800 shares of the company’s stock valued at $155,000 after purchasing an additional 400 shares during the period. Finally, MPS Loria Financial Planners LLC purchased a new position in shares of Constellation Brands in the second quarter valued at approximately $157,000. Institutional investors and hedge funds own 75.04% of the company’s stock.
Several research analysts have recently commented on STZ shares. BidaskClub raised shares of Constellation Brands from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 18th. Macquarie started coverage on shares of Constellation Brands in a research note on Thursday, September 14th. They issued an “outperform” rating and a $227.00 price objective for the company. Susquehanna Bancshares reissued a “neutral” rating and issued a $193.00 price objective (up previously from $169.00) on shares of Constellation Brands in a research note on Monday, October 2nd. Pivotal Research raised their price objective on shares of Constellation Brands from $250.00 to $265.00 and gave the company a “buy” rating in a research note on Thursday, October 5th. Finally, SunTrust Banks reissued a “buy” rating and issued a $230.00 price objective on shares of Constellation Brands in a research note on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $216.00.
Shares of Constellation Brands, Inc. (NYSE:STZ) traded up $1.13 during trading on Monday, reaching $217.98. 1,342,600 shares of the company were exchanged, compared to its average volume of 1,455,551. Constellation Brands, Inc. has a one year low of $144.00 and a one year high of $227.20. The company has a quick ratio of 0.69, a current ratio of 1.61 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $42,638.41, a P/E ratio of 26.42, a P/E/G ratio of 1.40 and a beta of 0.08.
Constellation Brands (NYSE:STZ) last issued its quarterly earnings results on Thursday, October 5th. The company reported $2.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.17 by $0.30. Constellation Brands had a net margin of 24.08% and a return on equity of 26.16%. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter in the previous year, the firm earned $1.77 earnings per share. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. analysts predict that Constellation Brands, Inc. will post 8.43 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, November 21st. Investors of record on Tuesday, November 7th were paid a $0.52 dividend. The ex-dividend date was Monday, November 6th. This represents a $2.08 dividend on an annualized basis and a yield of 0.95%. Constellation Brands’s dividend payout ratio is currently 23.85%.
In other news, insider William A. Newlands sold 2,935 shares of the business’s stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $210.10, for a total transaction of $616,643.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Thomas J. Mullin sold 18,227 shares of the business’s 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 of the company’s stock, valued at approximately $15,825,237.24. The disclosure for this sale can be found here. Insiders sold 73,662 shares of company stock valued at $15,564,585 in the last quarter. 15.59% of the stock is owned by insiders.
Constellation Brands 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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