Rational Advisors LLC Purchases 13,422 Shares of Constellation Brands Inc (STZ)

Rational Advisors LLC raised its stake in Constellation Brands Inc (NYSE:STZ) by 291.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,022 shares of the company’s stock after purchasing an additional 13,422 shares during the period. Constellation Brands accounts for 1.9% of Rational Advisors LLC’s holdings, making the stock its 3rd biggest holding. Rational Advisors LLC’s holdings in Constellation Brands were worth $3,595,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. increased its stake in Constellation Brands by 50.3% in 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 in the last quarter. North Star Investment Management Corp. increased its stake in Constellation Brands by 11.6% in the second quarter. North Star Investment Management Corp. now owns 748 shares of the company’s stock valued at $145,000 after purchasing an additional 78 shares in the last quarter. Hanson McClain Inc. increased its stake in Constellation Brands by 0.4% in 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 in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in Constellation Brands by 609.1% in 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 in the last quarter. Finally, MPS Loria Financial Planners LLC bought a new stake in Constellation Brands in the second quarter valued at $157,000. 73.51% of the stock is owned by hedge funds and other institutional investors.

Constellation Brands Inc (STZ) traded up $1.07 on Monday, reaching $217.36. 400,927 shares of the company’s stock were exchanged, compared to its average volume of 1,479,586. The company has a current ratio of 1.61, a quick ratio of 0.69 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $42,307.84, a PE ratio of 26.22, a price-to-earnings-growth ratio of 1.39 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.

Constellation Brands (NYSE:STZ) last released its earnings results on Thursday, October 5th. The company reported $2.47 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.17 by $0.30. The firm 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 company’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.77 earnings per share. sell-side analysts expect that Constellation Brands Inc will post 8.43 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 21st. Shareholders of record on Tuesday, November 7th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date is Monday, November 6th. Constellation Brands’s payout ratio is 23.85%.

Several equities research analysts have weighed in on STZ shares. Pivotal Research lifted their price target on shares of Constellation Brands from $250.00 to $265.00 and gave the company a “buy” rating in a research note on Thursday, October 5th. Cowen and Company reissued a “buy” rating and set a $230.00 target price on shares of Constellation Brands in a research report on Thursday, August 3rd. Royal Bank Of Canada reissued a “buy” rating and set a $220.00 target price on shares of Constellation Brands in a research report on Wednesday, August 2nd. BidaskClub downgraded shares of Constellation Brands from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Finally, Stifel Nicolaus boosted their target price on shares of Constellation Brands from $216.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $216.00.

In other Constellation Brands news, VP Thomas J. Mullin sold 18,227 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $217.01, for a total value of $3,955,441.27. Following the transaction, the vice president now directly owns 72,924 shares in the company, valued at $15,825,237.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Thomas J. Mullin sold 50,000 shares of the business’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $209.45, for a total transaction of $10,472,500.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 86,179 shares of company stock worth $18,030,434. Corporate insiders own 15.59% of the company’s stock.

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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)

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