Teacher Retirement System of Texas Cuts Position in Constellation Brands Inc (STZ)

Teacher Retirement System of Texas decreased its holdings in Constellation Brands Inc (NYSE:STZ) by 3.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 87,444 shares of the company’s stock after selling 2,727 shares during the period. Teacher Retirement System of Texas’ holdings in Constellation Brands were worth $17,441,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Hanson McClain Inc. raised its holdings 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 buying an additional 3 shares during the period. Financial Architects Inc raised its holdings in Constellation Brands by 1.4% in the second quarter. Financial Architects Inc now owns 1,776 shares of the company’s stock valued at $344,000 after buying an additional 25 shares during the period. Welch Group LLC raised its holdings in Constellation Brands by 2.9% in the second quarter. Welch Group LLC now owns 885 shares of the company’s stock valued at $171,000 after buying an additional 25 shares during the period. Ray Gerald L & Associates Ltd. raised its holdings in Constellation Brands by 0.7% in the second quarter. Ray Gerald L & Associates Ltd. now owns 4,630 shares of the company’s stock valued at $897,000 after buying an additional 30 shares during the period. Finally, LS Investment Advisors LLC raised its holdings in Constellation Brands by 0.8% in the second quarter. LS Investment Advisors LLC now owns 4,958 shares of the company’s stock valued at $961,000 after buying an additional 39 shares during the period. Hedge funds and other institutional investors own 74.38% of the company’s stock.

In other Constellation Brands news, Director Barry A. Fromberg sold 2,500 shares of the company’s stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $208.00, for a total value of $520,000.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Thomas J. Mullin sold 50,000 shares of the business’s stock in a transaction on Monday, October 16th. The stock was 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 86,179 shares of company stock worth $18,030,434 over the last quarter. Company insiders own 15.59% of the company’s stock.

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Shares of Constellation Brands Inc (NYSE STZ) traded down $0.93 during midday trading on Thursday, reaching $217.16. The company’s stock had a trading volume of 1,254,600 shares, compared to its average volume of 1,483,409. 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 company has a market cap of $42,659.93, a P/E ratio of 26.43, a P/E/G ratio of 1.41 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 quarterly earnings data on Thursday, October 5th. The company reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.17 by $0.30. Constellation Brands had a return on equity of 22.81% and a net margin of 21.47%. The business had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.06 billion. During the same period in the previous year, the business posted $1.77 earnings per share. Constellation Brands’s quarterly 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, November 21st. Shareholders of record on Tuesday, November 7th will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Monday, November 6th. Constellation Brands’s dividend payout ratio (DPR) is 23.85%.

STZ has been the topic of several research reports. Macquarie initiated coverage on shares of Constellation Brands in a report on Thursday, September 14th. They issued an “outperform” rating and a $227.00 price target on the stock. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $220.00 price objective on shares of Constellation Brands in a research report on Wednesday, August 2nd. Susquehanna Bancshares Inc set a $200.00 price objective on shares of Constellation Brands and gave the company a “hold” rating in a research report on Thursday, October 5th. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $237.00 price objective (up previously from $220.00) on shares of Constellation Brands in a research report on Friday, October 6th. Finally, Wells Fargo & Company reaffirmed an “outperform” rating and issued a $216.00 price objective (up previously from $215.00) on shares of Constellation Brands in a research report on Saturday, July 22nd. 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 given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $216.00.

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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Institutional Ownership by Quarter for Constellation Brands (NYSE:STZ)

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