Constellation Brands, Inc. (STZ) Position Raised by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. grew its holdings in Constellation Brands, Inc. (NYSE:STZ) by 56.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,251 shares of the company’s stock after acquiring an additional 1,527 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Constellation Brands were worth $972,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Constellation Brands by 3.2% in the second quarter. Vanguard Group Inc. now owns 11,276,593 shares of the company’s stock worth $2,184,613,000 after acquiring an additional 350,346 shares in the last quarter. Egerton Capital UK LLP increased its holdings in shares of Constellation Brands by 13.0% in the third quarter. Egerton Capital UK LLP now owns 3,071,057 shares of the company’s stock worth $612,522,000 after acquiring an additional 353,490 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Constellation Brands by 488.5% in the second quarter. The Manufacturers Life Insurance Company now owns 1,192,858 shares of the company’s stock worth $231,093,000 after acquiring an additional 990,152 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Constellation Brands by 4,909.6% in the second quarter. Janus Henderson Group PLC now owns 1,134,716 shares of the company’s stock worth $219,829,000 after acquiring an additional 1,112,065 shares in the last quarter. Finally, Westfield Capital Management Co. LP increased its holdings in shares of Constellation Brands by 11.0% in the third quarter. Westfield Capital Management Co. LP now owns 857,830 shares of the company’s stock worth $171,094,000 after acquiring an additional 84,876 shares in the last quarter. Institutional investors own 74.96% of the company’s stock.

In related news, VP Thomas J. Mullin sold 18,227 shares of the stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $217.01, for a total transaction of $3,955,441.27. Following the completion of the transaction, the vice president now directly owns 72,924 shares of the company’s stock, valued at $15,825,237.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 15.59% of the company’s stock.

Constellation Brands, Inc. (NYSE:STZ) opened at $219.22 on Thursday. The company has a current ratio of 1.40, a quick ratio of 0.54 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $42,400.05, a PE ratio of 23.88, a P/E/G ratio of 1.34 and a beta of 0.08. Constellation Brands, Inc. has a fifty-two week low of $146.99 and a fifty-two week high of $229.50.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings data on Friday, January 5th. The company reported $2.00 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.87 by $0.13. The business had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.87 billion. Constellation Brands had a return on equity of 22.04% and a net margin of 22.55%. During the same period last year, the company earned $1.96 earnings per share. analysts anticipate that Constellation Brands, Inc. will post 8.53 EPS for the current year.

Constellation Brands declared that its Board of Directors has approved a stock repurchase plan on Friday, January 5th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its stock is undervalued.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Friday, February 9th will be given a dividend of $0.52 per share. The ex-dividend date is Thursday, February 8th. This represents a $2.08 annualized dividend and a yield of 0.95%. Constellation Brands’s dividend payout ratio (DPR) is presently 10.13%.

Several equities research analysts have issued reports on STZ shares. Deutsche Bank started coverage on Constellation Brands in a report on Wednesday, December 13th. They issued a “buy” rating and a $244.00 price target for the company. Susquehanna Bancshares set a $207.00 price target on Constellation Brands and gave the stock a “hold” rating in a report on Monday, January 1st. Credit Suisse Group increased their price target on Constellation Brands from $211.00 to $226.00 and gave the stock a “neutral” rating in a report on Tuesday, January 9th. Wells Fargo & Co increased their price target on Constellation Brands from $235.00 to $260.00 and gave the stock an “outperform” rating in a report on Thursday, January 4th. Finally, Barclays started coverage on Constellation Brands in a report on Wednesday, January 10th. They issued an “overweight” rating and a $255.00 price target for the company. 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 issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $229.00.

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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.

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

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