Constellation Brands, Inc. (NYSE:STZ) Stock Holdings Lessened by HM Payson & Co.

HM Payson & Co. reduced its holdings in Constellation Brands, Inc. (NYSE:STZ) by 1.2% during the second quarter, HoldingsChannel reports. The institutional investor owned 13,081 shares of the company’s stock after selling 165 shares during the period. HM Payson & Co.’s holdings in Constellation Brands were worth $2,576,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of STZ. Jackson Square Partners LLC bought a new position in shares of Constellation Brands in the 1st quarter worth about $395,015,000. Jennison Associates LLC lifted its position in Constellation Brands by 120.4% in the 2nd quarter. Jennison Associates LLC now owns 2,727,160 shares of the company’s stock valued at $537,087,000 after purchasing an additional 1,490,064 shares during the last quarter. Bank of America Corp DE lifted its position in Constellation Brands by 65.0% in the 2nd quarter. Bank of America Corp DE now owns 3,543,690 shares of the company’s stock valued at $697,895,000 after purchasing an additional 1,395,888 shares during the last quarter. Nuveen Asset Management LLC lifted its position in Constellation Brands by 14,808.3% in the 2nd quarter. Nuveen Asset Management LLC now owns 655,518 shares of the company’s stock valued at $129,098,000 after purchasing an additional 651,121 shares during the last quarter. Finally, Invesco Ltd. lifted its position in Constellation Brands by 68.1% in the 2nd quarter. Invesco Ltd. now owns 1,552,996 shares of the company’s stock valued at $305,847,000 after purchasing an additional 629,124 shares during the last quarter. Institutional investors own 72.10% of the company’s stock.

Several analysts recently weighed in on STZ shares. Bank of America set a $221.00 price objective on shares of Constellation Brands and gave the company a “buy” rating in a research report on Monday, July 1st. MKM Partners started coverage on shares of Constellation Brands in a research report on Thursday, September 19th. They issued a “buy” rating and a $263.00 price objective on the stock. Jefferies Financial Group lifted their price objective on shares of Constellation Brands from $264.00 to $274.00 and gave the company a “buy” rating in a research report on Monday, July 1st. Barclays reiterated a “buy” rating and issued a $238.00 price objective on shares of Constellation Brands in a research report on Tuesday, July 2nd. Finally, BMO Capital Markets lifted their price objective on shares of Constellation Brands from $225.00 to $230.00 and gave the company an “outperform” rating in a research report on Tuesday, September 17th. Ten equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $225.05.

Shares of STZ stock traded down $0.57 during midday trading on Friday, reaching $205.50. 383,531 shares of the company were exchanged, compared to its average volume of 900,165. Constellation Brands, Inc. has a 12 month low of $150.37 and a 12 month high of $228.91. The company has a market cap of $39.28 billion, a P/E ratio of 22.14, a PEG ratio of 3.07 and a beta of 0.69. The company’s 50 day moving average price is $201.91 and its two-hundred day moving average price is $194.64. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.71 and a current ratio of 1.22.

Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Friday, June 28th. The company reported $2.21 EPS for the quarter, topping analysts’ consensus estimates of $2.06 by $0.15. Constellation Brands had a net margin of 27.38% and a return on equity of 14.98%. The company had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same period in the previous year, the firm earned $2.20 EPS. Constellation Brands’s revenue was up 11.5% on a year-over-year basis. As a group, sell-side analysts predict that Constellation Brands, Inc. will post 8.36 earnings per share for the current year.

In other news, major shareholder Richard Sands sold 95,521 shares of Constellation Brands stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $204.57, for a total value of $19,540,730.97. Following the transaction, the insider now owns 173,379 shares of the company’s stock, valued at approximately $35,468,142.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeremy S. G. Fowden sold 10,213 shares of Constellation Brands stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $197.35, for a total transaction of $2,015,535.55. Following the completion of the transaction, the director now directly owns 27,630 shares in the company, valued at approximately $5,452,780.50. The disclosure for this sale can be found here. 15.86% of the stock is currently owned by insiders.

About Constellation Brands

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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