Tdam USA Inc. held its position in shares of Constellation Brands Inc (NYSE:STZ) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,417 shares of the company’s stock at the end of the second quarter. Tdam USA Inc.’s holdings in Constellation Brands were worth $275,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in STZ. Hanson McClain Inc. increased its position in shares of Constellation Brands by 0.3% in the first quarter. Hanson McClain Inc. now owns 769 shares of the company’s stock worth $125,000 after buying an additional 2 shares during the last quarter. Concert Wealth Management Inc. increased its position in shares of Constellation Brands by 0.7% in the first quarter. Concert Wealth Management Inc. now owns 1,379 shares of the company’s stock worth $212,000 after buying an additional 10 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of Constellation Brands by 3.2% in the first quarter. Quadrant Capital Group LLC now owns 765 shares of the company’s stock worth $115,000 after buying an additional 24 shares during the last quarter. Financial Architects Inc increased its position in shares of Constellation Brands by 1.4% in the second quarter. Financial Architects Inc now owns 1,776 shares of the company’s stock worth $344,000 after buying an additional 25 shares during the last quarter. Finally, Atria Investments LLC increased its position in shares of Constellation Brands by 1.6% in the first quarter. Atria Investments LLC now owns 1,702 shares of the company’s stock worth $276,000 after buying an additional 26 shares during the last quarter. Hedge funds and other institutional investors own 76.14% of the company’s stock.
Shares of Constellation Brands Inc (NYSE:STZ) opened at 194.69 on Friday. The company has a market cap of $38.02 billion, a PE ratio of 24.42 and a beta of 0.06. The firm’s 50-day moving average is $193.29 and its 200-day moving average is $174.15. Constellation Brands Inc has a one year low of $144.00 and a one year high of $199.89.
Constellation Brands (NYSE:STZ) last issued its earnings results on Thursday, June 29th. The company reported $2.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.98 by $0.36. Constellation Brands had a net margin of 19.94% and a return on equity of 21.57%. The company had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter last year, the company posted $1.54 earnings per share. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. On average, equities analysts anticipate that Constellation Brands Inc will post $8.17 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 23rd. Investors of record on Wednesday, August 9th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is Monday, August 7th. Constellation Brands’s dividend payout ratio is currently 26.03%.
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A number of equities analysts have recently weighed in on the company. J P Morgan Chase & Co restated an “overweight” rating and issued a $220.00 target price (up previously from $188.00) on shares of Constellation Brands in a research note on Friday, June 30th. Vetr downgraded Constellation Brands from a “hold” rating to a “sell” rating and set a $175.98 target price on the stock. in a research note on Monday, May 22nd. Royal Bank Of Canada restated an “outperform” rating and issued a $220.00 target price (up previously from $205.00) on shares of Constellation Brands in a research note on Friday, June 30th. UBS AG boosted their target price on Constellation Brands from $162.00 to $176.00 and gave the stock a “neutral” rating in a research note on Friday, June 30th. Finally, Zacks Investment Research upgraded Constellation Brands from a “hold” rating to a “buy” rating and set a $207.00 target price on the stock in a research note on Thursday, June 22nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $200.53.
In related news, VP Thomas J. Mullin sold 23,827 shares of the firm’s stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $193.64, for a total value of $4,613,860.28. Following the sale, the vice president now owns 78,524 shares in the company, valued at $15,205,387.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Thomas Michael Kane sold 4,940 shares of Constellation Brands stock in a transaction on Friday, July 7th. The stock was sold at an average price of $193.28, for a total transaction of $954,803.20. Following the transaction, the vice president now owns 8,914 shares in the company, valued at approximately $1,722,897.92. The disclosure for this sale can be found here. Insiders sold 95,601 shares of company stock worth $18,586,986 in the last 90 days. 15.59% of the stock is currently owned by corporate insiders.
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.
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