Janus Henderson Group PLC lowered its holdings in Constellation Brands, Inc. (NYSE:STZ) by 2.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,106,195 shares of the company’s stock after selling 28,521 shares during the quarter. Janus Henderson Group PLC owned about 0.57% of Constellation Brands worth $220,631,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of the business. Caxton Associates LP boosted its stake in Constellation Brands by 163.3% in the third quarter. Caxton Associates LP now owns 7,900 shares of the company’s stock worth $1,576,000 after purchasing an additional 4,900 shares in the last quarter. Vident Investment Advisory LLC boosted its stake in Constellation Brands by 682.4% in the third quarter. Vident Investment Advisory LLC now owns 8,035 shares of the company’s stock worth $1,809,000 after purchasing an additional 7,008 shares in the last quarter. Cornerstone Capital Management Holdings LLC. boosted its stake in Constellation Brands by 62.5% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 82,596 shares of the company’s stock worth $16,472,000 after purchasing an additional 31,780 shares in the last quarter. Chevy Chase Trust Holdings Inc. boosted its stake in Constellation Brands by 1.6% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 151,414 shares of the company’s stock worth $30,200,000 after purchasing an additional 2,388 shares in the last quarter. Finally, First Republic Investment Management Inc. boosted its stake in Constellation Brands by 11.8% in the third quarter. First Republic Investment Management Inc. now owns 178,803 shares of the company’s stock worth $35,662,000 after purchasing an additional 18,843 shares in the last quarter. 75.04% of the stock is currently owned by institutional investors.
In other Constellation Brands news, VP Thomas J. Mullin sold 18,227 shares of the stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $217.01, for a total value of $3,955,441.27. Following the completion of the sale, the vice president now directly owns 72,924 shares in the company, valued at $15,825,237.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Thomas J. Mullin sold 50,000 shares of the stock in a transaction dated 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 73,662 shares of company stock valued at $15,564,585 in the last quarter. 15.59% of the stock is currently owned by corporate insiders.
STZ has been the topic of a number of recent analyst reports. Morgan Stanley boosted their price objective on Constellation Brands from $218.00 to $245.00 and gave the stock an “overweight” rating in a research note on Friday, October 6th. Royal Bank Of Canada restated a “buy” rating and set a $226.00 target price on shares of Constellation Brands in a research report on Sunday, November 12th. Evercore ISI restated an “outperform” rating and set a $235.00 target price (up previously from $230.00) on shares of Constellation Brands in a research report on Friday, October 6th. BidaskClub upgraded Constellation Brands from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 18th. Finally, Citigroup restated a “neutral” rating and set a $232.00 target price (up previously from $211.00) on shares of Constellation Brands in a research report on Monday, October 9th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $216.00.
Constellation Brands, Inc. (STZ) traded up $1.13 during midday trading on Monday, reaching $217.98. The company had a trading volume of 1,342,600 shares, compared to its average volume of 1,455,551. The company has a market capitalization of $42,638.41, a P/E ratio of 26.42, a PEG ratio of 1.40 and a beta of 0.08. The company has a quick ratio of 0.69, a current ratio of 1.61 and a debt-to-equity ratio of 1.01. Constellation Brands, Inc. has a fifty-two week low of $144.00 and a fifty-two week high of $227.20.
Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Thursday, October 5th. The company reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $2.17 by $0.30. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.06 billion. Constellation Brands had a return on equity of 26.16% and a net margin of 24.08%. The firm’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.77 earnings per share. equities research analysts predict that Constellation Brands, Inc. will post 8.43 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 21st. Investors of record on Tuesday, November 7th were issued a $0.52 dividend. The ex-dividend date was Monday, November 6th. This represents a $2.08 dividend on an annualized basis and a yield of 0.95%. Constellation Brands’s dividend payout ratio is presently 23.85%.
ILLEGAL ACTIVITY NOTICE: “Constellation Brands, Inc. (STZ) Holdings Reduced by Janus Henderson Group PLC” was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this report on another domain, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this report can be read at https://www.dispatchtribunal.com/2017/12/11/constellation-brands-inc-stz-holdings-reduced-by-janus-henderson-group-plc.html.
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.
Want to see what other hedge funds are holding STZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Constellation Brands, Inc. (NYSE:STZ).
Receive News & Ratings for Constellation Brands Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Constellation Brands Inc. and related companies with MarketBeat.com's FREE daily email newsletter.