Constellation Brands Inc (STZ) Position Lowered by Level Four Advisory Services LLC
Level Four Advisory Services LLC reduced its stake in Constellation Brands Inc (NYSE:STZ) by 37.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,483 shares of the company’s stock after selling 1,472 shares during the quarter. Level Four Advisory Services LLC’s holdings in Constellation Brands were worth $401,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. DSAM Partners London Ltd acquired a new position in shares of Constellation Brands in the second quarter worth approximately $21,659,000. Brighton Jones LLC acquired a new position in shares of Constellation Brands in the second quarter worth approximately $245,000. Cipher Capital LP acquired a new position in shares of Constellation Brands in the second quarter worth approximately $7,833,000. D L Carlson Investment Group Inc. lifted its stake in shares of Constellation Brands by 22.3% in the second quarter. D L Carlson Investment Group Inc. now owns 27,410 shares of the company’s stock worth $5,310,000 after acquiring an additional 5,005 shares during the period. Finally, Oak Ridge Investments LLC lifted its stake in shares of Constellation Brands by 24.4% in the second quarter. Oak Ridge Investments LLC now owns 35,907 shares of the company’s stock worth $6,956,000 after acquiring an additional 7,052 shares during the period. 74.90% of the stock is currently owned by institutional investors.
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Constellation Brands Inc (NYSE STZ) traded down 0.92% during midday trading on Wednesday, hitting $211.68. The stock had a trading volume of 409,626 shares. The company has a market cap of $41.41 billion, a P/E ratio of 24.32 and a beta of 0.04. The firm’s 50-day moving average price is $202.77 and its 200 day moving average price is $188.88. Constellation Brands Inc has a 12 month low of $144.00 and a 12 month high of $214.53.
Constellation Brands (NYSE:STZ) last posted its quarterly earnings data on Thursday, October 5th. The company reported $2.47 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.17 by $0.30. Constellation Brands had a return on equity of 22.81% and a net margin of 21.47%. The company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.06 billion. During the same quarter last year, the company earned $1.77 EPS. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. On average, analysts expect that Constellation Brands Inc will post $8.42 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 21st. Investors of record on Tuesday, November 7th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Monday, November 6th. Constellation Brands’s dividend payout ratio (DPR) is presently 23.85%.
A number of research firms recently commented on STZ. UBS AG lifted their price objective on Constellation Brands from $162.00 to $176.00 and gave the stock a “neutral” rating in a research note on Friday, June 30th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $220.00 price objective on shares of Constellation Brands in a research note on Wednesday, August 2nd. Cowen and Company reaffirmed a “buy” rating and issued a $230.00 price objective on shares of Constellation Brands in a research note on Thursday, August 3rd. Citigroup Inc. reaffirmed a “neutral” rating and issued a $232.00 price objective (up from $211.00) on shares of Constellation Brands in a research note on Monday, October 9th. Finally, Evercore ISI reaffirmed an “outperform” rating and issued a $235.00 price objective (up from $230.00) on shares of Constellation Brands in a research note on Friday, October 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Constellation Brands has an average rating of “Buy” and a consensus target price of $216.00.
In related news, VP Thomas J. Mullin sold 54,834 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $194.50, for a total transaction of $10,665,213.00. Following the completion of the transaction, the vice president now owns 86,005 shares of the company’s stock, valued at approximately $16,727,972.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Thomas J. Mullin sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $209.45, for a total value of $10,472,500.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 122,786 shares of company stock valued at $24,740,206. 15.59% of the stock is owned by corporate insiders.
Constellation Brands Company 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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