Constellation Brands, Inc. (NYSE:STZ) Stake Boosted by Motco

Motco grew its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 16.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 24,448 shares of the company’s stock after acquiring an additional 3,433 shares during the period. Motco’s holdings in Constellation Brands were worth $5,068,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Lenox Wealth Management Inc. purchased a new position in shares of Constellation Brands during the 3rd quarter valued at $25,000. Meeder Asset Management Inc. boosted its holdings in Constellation Brands by 2,750.0% in the second quarter. Meeder Asset Management Inc. now owns 171 shares of the company’s stock worth $34,000 after purchasing an additional 165 shares in the last quarter. Gradient Investments LLC boosted its holdings in Constellation Brands by 265.3% in the second quarter. Gradient Investments LLC now owns 179 shares of the company’s stock worth $35,000 after purchasing an additional 130 shares in the last quarter. Next Capital Management LLC bought a new stake in Constellation Brands in the second quarter worth $35,000. Finally, Capital Bank & Trust Co bought a new stake in Constellation Brands in the second quarter worth $39,000. Institutional investors and hedge funds own 72.08% of the company’s stock.

A number of equities research analysts recently issued reports on the stock. BMO Capital Markets upped their price objective on shares of Constellation Brands from $225.00 to $230.00 and gave the stock an “outperform” rating in a report on Tuesday, September 17th. HSBC set a $235.00 price objective on shares of Constellation Brands and gave the stock a “buy” rating in a report on Tuesday, September 17th. Evercore ISI set a $220.00 price objective on shares of Constellation Brands and gave the stock a “buy” rating in a report on Friday, August 9th. Argus upped their price objective on shares of Constellation Brands to $230.00 and gave the stock a “buy” rating in a report on Monday, October 7th. Finally, MKM Partners decreased their price objective on shares of Constellation Brands to $256.00 and set a “buy” rating for the company in a report on Friday, October 4th. Ten analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $223.76.

Constellation Brands stock traded down $3.25 on Monday, reaching $184.31. 981,920 shares of the stock were exchanged, compared to its average volume of 1,745,636. The stock has a market cap of $36.74 billion, a PE ratio of 19.86, a PEG ratio of 2.88 and a beta of 0.67. The company has a current ratio of 1.61, a quick ratio of 1.01 and a debt-to-equity ratio of 1.04. Constellation Brands, Inc. has a twelve month low of $150.37 and a twelve month high of $214.48. The firm has a fifty day moving average price of $196.98 and a two-hundred day moving average price of $198.09.

Constellation Brands (NYSE:STZ) last released its earnings results on Thursday, October 3rd. The company reported $2.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.60 by $0.12. The firm had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.34 billion. Constellation Brands had a net margin of 8.59% and a return on equity of 14.66%. The business’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.87 EPS. Equities analysts anticipate that Constellation Brands, Inc. will post 8.45 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date is Thursday, November 7th. Constellation Brands’s dividend payout ratio is 10.02%.

In other Constellation Brands news, major shareholder Richard Sands sold 95,521 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $204.57, for a total transaction of $19,540,730.97. Following the completion of the transaction, the insider now owns 173,379 shares of the company’s stock, valued at approximately $35,468,142.03. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 15.86% of the stock is owned by insiders.

Constellation Brands Company Profile

Constellation Brands, Inc, together with its subsidiaries, produces, imports, and markets beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. It provides beer primarily under the Corona Extra, Corona Light, Corona Premier, Corona Familiar Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands, as well as Funky Buddha, Four Corners, and Ballast Point brands.

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

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