Stifel Financial Corp Has $11.19 Million Stake in Constellation Brands Inc (STZ)
Stifel Financial Corp lifted its stake in Constellation Brands Inc (NYSE:STZ) by 9.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,774 shares of the company’s stock after purchasing an additional 4,889 shares during the quarter. Stifel Financial Corp’s holdings in Constellation Brands were worth $11,189,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently modified their holdings of STZ. DSAM Partners London Ltd purchased a new stake in shares of Constellation Brands in the 2nd quarter worth approximately $21,659,000. Brighton Jones LLC purchased a new position in Constellation Brands during the second quarter valued at $245,000. Cipher Capital LP purchased a new position in Constellation Brands during the second quarter valued at $7,833,000. Oak Ridge Investments LLC raised its stake in Constellation Brands by 24.4% during the second quarter. Oak Ridge Investments LLC now owns 35,907 shares of the company’s stock valued at $6,956,000 after buying an additional 7,052 shares during the last quarter. Finally, United Capital Financial Advisers LLC raised its stake in Constellation Brands by 9.6% during the first quarter. United Capital Financial Advisers LLC now owns 9,113 shares of the company’s stock valued at $1,477,000 after buying an additional 797 shares during the last quarter. 74.96% of the stock is currently owned by hedge funds and other institutional investors.
In related news, VP Thomas J. Mullin sold 23,827 shares of the company’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $193.64, for a total value of $4,613,860.28. Following the transaction, the vice president now directly owns 78,524 shares of the company’s stock, valued at approximately $15,205,387.36. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Thomas J. Mullin sold 54,834 shares of the firm’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $194.50, for a total value 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 disclosure for this sale can be found here. Insiders have sold 108,118 shares of company stock valued at $21,052,835 over the last quarter. Insiders own 15.59% of the company’s stock.
Constellation Brands Inc (NYSE:STZ) opened at 199.35 on Tuesday. The stock has a market capitalization of $38.93 billion, a P/E ratio of 25.00 and a beta of 0.04. Constellation Brands Inc has a 1-year low of $144.00 and a 1-year high of $205.12. The stock has a 50 day moving average price of $200.31 and a 200-day moving average price of $186.06.
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A number of equities research analysts have recently commented on the company. Morgan Stanley increased their target price on Constellation Brands from $204.00 to $218.00 and gave the stock an “overweight” rating in a research note on Monday, July 3rd. Macquarie assumed coverage on Constellation Brands in a research report on Thursday, September 14th. They issued an “outperform” rating and a $227.00 price target for the company. BidaskClub raised Constellation Brands from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 12th. Royal Bank Of Canada reiterated a “buy” rating and issued a $220.00 price target on shares of Constellation Brands in a research note on Wednesday, August 2nd. Finally, UBS AG upped their price target on shares of Constellation Brands from $162.00 to $176.00 and gave the stock a “neutral” rating in a research note on Friday, June 30th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $203.94.
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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