GSA Capital Partners LLP raised its holdings in Constellation Brands, Inc. (NYSE:STZ) by 200.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,347 shares of the company’s stock after acquiring an additional 3,570 shares during the period. GSA Capital Partners LLP’s holdings in Constellation Brands were worth $1,066,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of the business. Oppenheimer Asset Management Inc. lifted its holdings in shares of 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. Valeo Financial Advisors LLC bought a new stake in shares of Constellation Brands in the third quarter valued at about $153,000. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its holdings in shares of 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. MPS Loria Financial Planners LLC bought a new stake in Constellation Brands during the second quarter worth about $157,000. Finally, Acrospire Investment Management LLC raised its holdings in Constellation Brands by 100.0% during the second quarter. Acrospire Investment Management LLC now owns 800 shares of the company’s stock worth $155,000 after acquiring an additional 400 shares in the last quarter. 74.86% of the stock is owned by hedge funds and other institutional investors.
In other news, insider William A. Newlands sold 2,935 shares of the company’s stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $210.10, for a total value of $616,643.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Thomas J. Mullin sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $209.45, for a total value of $10,472,500.00. The disclosure for this sale can be found here. Insiders sold 73,662 shares of company stock worth $15,564,585 in the last 90 days. Corporate insiders own 15.59% of the company’s stock.
Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Thursday, October 5th. The company reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.30. The firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.06 billion. Constellation Brands had a return on equity of 22.81% and a net margin of 21.47%. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.77 earnings per share. equities research analysts forecast that Constellation Brands, Inc. will post 8.43 EPS for the current fiscal year.
STZ has been the topic of several analyst reports. Morgan Stanley upped their target price on Constellation Brands from $218.00 to $245.00 and gave the stock an “overweight” rating in a report on Friday, October 6th. Royal Bank of Canada reiterated a “buy” rating and set a $226.00 target price on shares of Constellation Brands in a report on Sunday, November 12th. Zacks Investment Research upgraded Constellation Brands from a “hold” rating to a “buy” rating and set a $249.00 target price on the stock in a report on Monday, December 18th. Evercore ISI reiterated 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, Citigroup reiterated 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. One investment analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $218.90.
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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