Zacks Investment Management boosted its stake in shares of Constellation Brands Inc (NYSE:STZ) by 11.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,496 shares of the company’s stock after acquiring an additional 156 shares during the period. Zacks Investment Management’s holdings in Constellation Brands were worth $290,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Voya Investment Management LLC grew its stake in Constellation Brands by 1.2% during the second quarter. Voya Investment Management LLC now owns 66,169 shares of the company’s stock valued at $12,819,000 after acquiring an additional 766 shares in the last quarter. Veritable L.P. grew its stake in Constellation Brands by 1.8% during the second quarter. Veritable L.P. now owns 3,447 shares of the company’s stock valued at $668,000 after acquiring an additional 61 shares in the last quarter. OxFORD Asset Management LLP grew its stake in Constellation Brands by 53.4% during the second quarter. OxFORD Asset Management LLP now owns 68,013 shares of the company’s stock valued at $13,176,000 after acquiring an additional 23,668 shares in the last quarter. Virtu KCG Holdings LLC grew its stake in Constellation Brands by 92.9% during the second quarter. Virtu KCG Holdings LLC now owns 28,787 shares of the company’s stock valued at $5,577,000 after acquiring an additional 13,867 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its stake in Constellation Brands by 111.3% during the second quarter. Parametric Portfolio Associates LLC now owns 646,814 shares of the company’s stock valued at $125,307,000 after acquiring an additional 340,712 shares in the last quarter. 74.96% of the stock is owned by institutional investors.

Constellation Brands Inc (NYSE STZ) opened at 209.25 on Friday. The company has a market cap of $40.87 billion, a price-to-earnings ratio of 26.24 and a beta of 0.04. Constellation Brands Inc has a 52-week low of $144.00 and a 52-week high of $213.40. The firm’s 50-day moving average is $200.74 and its 200 day moving average is $186.60. Constellation Brands also was the target of unusually large options trading activity on Wednesday. Stock traders purchased 8,867 put options on the company. This is an increase of approximately 667% compared to the average daily volume of 1,156 put options.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings results on Thursday, October 5th. The company reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.17 by $0.30. The firm had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.06 billion. Constellation Brands had a net margin of 19.94% and a return on equity of 21.57%. The company’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.77 EPS. On average, equities research analysts predict that Constellation Brands Inc will post $8.18 EPS for the current fiscal year.

In other news, Director Barry A. Fromberg sold 2,000 shares of the business’s stock in a transaction dated Thursday, July 13th. The shares were 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 approximately $4,471,122.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP David Eric Klein sold 5,000 shares of the business’s stock in a transaction dated Wednesday, July 12th. The shares were sold at an average price of $195.50, for a total transaction of $977,500.00. Following the transaction, the executive vice president now directly owns 45,098 shares in the company, valued at approximately $8,816,659. The disclosure for this sale can be found here. In the last three months, insiders have sold 79,351 shares of company stock worth $15,484,172. Corporate insiders own 15.59% of the company’s stock.

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Several equities analysts recently weighed in on STZ shares. BidaskClub cut shares of Constellation Brands from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 10th. Morgan Stanley reaffirmed an “overweight” rating and set a $204.00 target price on shares of Constellation Brands in a research note on Monday, June 12th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Constellation Brands in a research note on Friday, June 16th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $198.00 target price (down from $200.00) on shares of Constellation Brands in a research note on Friday, June 23rd. Finally, Stifel Nicolaus raised their target price on shares of Constellation Brands from $201.00 to $216.00 and gave the company a “buy” rating in a research note on Friday, June 30th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $209.50.

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.

Institutional Ownership by Quarter for Constellation Brands (NYSE:STZ)

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