Stevens Capital Management LP purchased a new stake in Constellation Brands Inc (NYSE:STZ) during the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 43,692 shares of the company’s stock, valued at approximately $8,714,000.

Other large investors have also bought and sold shares of the company. Oppenheimer Asset Management Inc. lifted its holdings in shares of Constellation Brands by 50.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 577 shares of the company’s stock valued at $112,000 after acquiring an additional 193 shares in the last quarter. North Star Investment Management Corp. lifted its holdings in shares of Constellation Brands by 11.6% during the 2nd quarter. North Star Investment Management Corp. now owns 748 shares of the company’s stock valued at $145,000 after acquiring an additional 78 shares in the last quarter. Hanson McClain Inc. lifted its holdings in shares of Constellation Brands by 0.4% during the 2nd quarter. Hanson McClain Inc. now owns 772 shares of the company’s stock valued at $149,000 after acquiring an additional 3 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its holdings in shares of Constellation Brands by 609.1% during the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 780 shares of the company’s stock valued at $151,000 after acquiring an additional 670 shares in the last quarter. Finally, Acrospire Investment Management LLC lifted its holdings in shares of Constellation Brands by 100.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 800 shares of the company’s stock valued at $155,000 after acquiring an additional 400 shares in the last quarter. Institutional investors and hedge funds own 75.08% of the company’s stock.

Several equities analysts recently weighed in on the stock. Citigroup Inc. restated a “neutral” rating and set a $232.00 target price (up previously from $211.00) on shares of Constellation Brands in a report on Monday, October 9th. J P Morgan Chase & Co restated an “overweight” rating and set a $237.00 target price (up previously from $220.00) on shares of Constellation Brands in a report on Friday, October 6th. Cowen and Company restated an “outperform” rating and set a $243.00 target price (up previously from $230.00) on shares of Constellation Brands in a report on Friday, October 6th. Evercore ISI restated an “outperform” rating and set a $235.00 target price (up previously from $230.00) on shares of Constellation Brands in a report on Friday, October 6th. Finally, Morgan Stanley lifted their target price on shares of Constellation Brands from $218.00 to $245.00 and gave the company an “overweight” rating in a report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $216.00.

Constellation Brands Inc (NYSE STZ) traded down $0.67 on Tuesday, hitting $215.24. 30,906 shares of the stock traded hands, compared to its average volume of 1,450,000. The company has a market cap of $42,280.00, a P/E ratio of 26.17, a P/E/G ratio of 1.39 and a beta of 0.10. Constellation Brands Inc has a one year low of $144.00 and a one year high of $219.56. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.61 and a quick ratio of 0.69.

Constellation Brands (NYSE:STZ) last released its earnings results on Thursday, October 5th. The company reported $2.47 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.17 by $0.30. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.06 billion. Constellation Brands had a net margin of 21.47% and a return on equity of 22.81%. The company’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.77 EPS. sell-side analysts expect that Constellation Brands Inc will post 8.43 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 21st. Stockholders of record on Tuesday, November 7th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.97%. The ex-dividend date is Monday, November 6th. Constellation Brands’s payout ratio is currently 26.60%.

In other news, VP Thomas J. Mullin sold 50,000 shares of Constellation Brands stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $209.45, for a total value of $10,472,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Barry A. Fromberg sold 2,500 shares of Constellation Brands stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $208.00, for a total transaction of $520,000.00. The disclosure for this sale can be found here. Insiders sold a total of 67,952 shares of company stock valued at $14,074,993 in the last three months. Insiders own 15.59% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This report was originally reported by Watch List News and is owned by of Watch List News. If you are accessing this report on another site, it was stolen and republished in violation of U.S. and international copyright and trademark legislation. The original version of this report can be accessed at https://www.watchlistnews.com/stevens-capital-management-lp-purchases-shares-of-43692-constellation-brands-inc-stz/1685528.html.

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.

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.