Huntington National Bank raised its position in Constellation Brands, Inc. (NYSE:STZ) by 3.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 200,830 shares of the company’s stock after purchasing an additional 6,853 shares during the quarter. Huntington National Bank owned 0.10% of Constellation Brands worth $40,056,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of STZ. Teachers Advisors LLC increased its holdings in Constellation Brands by 3.2% in the first quarter. Teachers Advisors LLC now owns 381,468 shares of the company’s stock valued at $61,825,000 after buying an additional 11,768 shares during the last quarter. Thrivent Financial For Lutherans increased its holdings in Constellation Brands by 2.3% in the first quarter. Thrivent Financial For Lutherans now owns 6,350 shares of the company’s stock valued at $1,029,000 after buying an additional 140 shares during the last quarter. Allen Investment Management LLC increased its holdings in Constellation Brands by 350.0% in the first quarter. Allen Investment Management LLC now owns 24,098 shares of the company’s stock valued at $3,906,000 after buying an additional 18,743 shares during the last quarter. State Street Corp increased its holdings in Constellation Brands by 0.5% in the first quarter. State Street Corp now owns 7,391,582 shares of the company’s stock valued at $1,197,945,000 after buying an additional 39,246 shares during the last quarter. Finally, Level Four Advisory Services LLC purchased a new position in Constellation Brands in the first quarter valued at $639,000. 75.08% of the stock is currently owned by institutional investors and hedge funds.
Constellation Brands, Inc. (NYSE:STZ) traded up $0.54 on Friday, hitting $218.67. 672,100 shares of the stock traded hands, compared to its average volume of 1,489,123. The company has a market cap of $42,667.75, a P/E ratio of 26.44, a P/E/G ratio of 1.41 and a beta of 0.10. Constellation Brands, Inc. has a one year low of $144.00 and a one year high of $219.56. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.61 and a quick ratio of 0.69.
Constellation Brands (NYSE:STZ) last released its earnings results on Thursday, October 5th. The company reported $2.47 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.17 by $0.30. Constellation Brands had a net margin of 24.08% and a return on equity of 26.16%. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter in the previous year, the firm earned $1.77 EPS. The company’s revenue was up 3.1% on a year-over-year basis. sell-side analysts expect that Constellation Brands, Inc. will post 8.43 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 21st. Investors of record on Tuesday, November 7th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Monday, November 6th. Constellation Brands’s dividend payout ratio is presently 23.85%.
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Several equities research analysts have recently weighed in on the stock. Macquarie began coverage on shares of Constellation Brands in a research report on Thursday, September 14th. They issued an “outperform” rating and a $227.00 price objective for the company. SunTrust Banks, Inc. restated a “buy” rating and issued a $230.00 price objective on shares of Constellation Brands in a research report on Friday, October 6th. Pivotal Research increased their target price on shares of Constellation Brands from $250.00 to $265.00 and gave the company a “buy” rating in a report on Thursday, October 5th. BidaskClub cut shares of Constellation Brands from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Finally, Wells Fargo & Company reaffirmed an “outperform” rating and issued a $216.00 target price (up from $215.00) on shares of Constellation Brands in a report on Saturday, July 22nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $216.00.
In other Constellation Brands news, Director Barry A. Fromberg sold 2,500 shares of the business’s stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $208.00, for a total transaction of $520,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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. In the last ninety days, insiders have sold 86,179 shares of company stock valued at $18,030,434. Insiders own 15.59% of the company’s stock.
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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