Dynamic Technology Lab Private Ltd purchased a new stake in shares of Constellation Brands Inc (NYSE:STZ) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,180 shares of the company’s stock, valued at approximately $834,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. grew its stake 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 purchasing an additional 193 shares during the last quarter. Hanson McClain Inc. grew its stake in shares of Constellation Brands by 0.4% during 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 last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its stake in shares of Constellation Brands by 609.1% during 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 last quarter. MPS Loria Financial Planners LLC bought a new stake in shares of Constellation Brands during the second quarter valued at approximately $157,000. Finally, Acrospire Investment Management LLC grew its stake in shares of Constellation Brands by 100.0% during 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 last quarter. 73.51% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have recently commented on STZ. Royal Bank Of Canada reissued a “buy” rating and set a $220.00 price target on shares of Constellation Brands in a research note on Wednesday, August 2nd. Cowen and Company reissued a “buy” rating and set a $230.00 price target on shares of Constellation Brands in a research note on Thursday, August 3rd. Susquehanna Bancshares Inc reissued a “neutral” rating and set a $193.00 price target (up from $169.00) on shares of Constellation Brands in a research note on Monday, October 2nd. BidaskClub raised shares of Constellation Brands from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 18th. Finally, 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. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $216.00.

In related news, VP Thomas J. Mullin sold 50,000 shares of the firm’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $209.45, for a total transaction of $10,472,500.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider William A. Newlands sold 2,935 shares of the firm’s stock in a transaction on Monday, October 9th. The stock was sold at an average price of $210.10, for a total transaction of $616,643.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 73,662 shares of company stock worth $15,564,585. Insiders own 15.59% of the company’s stock.

Constellation Brands Inc (NYSE STZ) opened at $220.45 on Thursday. The firm has a market cap of $42,986.59, a price-to-earnings ratio of 26.64, a PEG ratio of 1.42 and a beta of 0.10. Constellation Brands Inc has a 52-week low of $144.00 and a 52-week high of $227.20. 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 (NYSE:STZ) last announced its quarterly earnings results on Thursday, October 5th. The company reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.17 by $0.30. The company had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.06 billion. Constellation Brands had a net margin of 21.47% and a return on equity of 22.81%. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period last year, the firm posted $1.77 earnings per share. research analysts anticipate 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. Stockholders of record on Tuesday, November 7th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Monday, November 6th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.94%. Constellation Brands’s dividend payout ratio is 10.67%.

WARNING: “Dynamic Technology Lab Private Ltd Takes Position in Constellation Brands Inc (STZ)” was first published by Watch List News and is owned by of Watch List News. If you are accessing this piece on another domain, it was stolen and reposted in violation of United States & international copyright & trademark laws. The original version of this piece can be accessed at https://www.watchlistnews.com/dynamic-technology-lab-private-ltd-takes-position-in-constellation-brands-inc-stz/1721643.html.

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.

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).

Institutional Ownership by Quarter for Constellation Brands (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.