KAMES CAPITAL plc Has $74.67 Million Stake in Constellation Brands, Inc. (STZ)

KAMES CAPITAL plc lifted its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 3,223.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 326,658 shares of the company’s stock after buying an additional 316,829 shares during the period. Constellation Brands makes up 1.9% of KAMES CAPITAL plc’s portfolio, making the stock its 17th biggest position. KAMES CAPITAL plc owned about 0.17% of Constellation Brands worth $74,671,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Wedbush Securities Inc. raised its stake in shares of Constellation Brands by 12.9% in the third quarter. Wedbush Securities Inc. now owns 3,179 shares of the company’s stock worth $634,000 after buying an additional 362 shares during the period. Toronto Dominion Bank raised its stake in shares of Constellation Brands by 12.2% in the third quarter. Toronto Dominion Bank now owns 65,188 shares of the company’s stock worth $13,000,000 after buying an additional 7,086 shares during the period. Americafirst Capital Management LLC bought a new position in shares of Constellation Brands in the third quarter worth about $706,000. Achmea Investment Management B.V. raised its stake in shares of Constellation Brands by 88.1% in the second quarter. Achmea Investment Management B.V. now owns 9,343 shares of the company’s stock worth $1,808,000 after buying an additional 4,377 shares during the period. Finally, Balasa Dinverno & Foltz LLC bought a new position in shares of Constellation Brands in the third quarter worth about $204,000. 75.42% of the stock is currently owned by institutional investors.

STZ has been the subject of several research analyst reports. Zacks Investment Research cut Constellation Brands from a “buy” rating to a “hold” rating in a report on Monday, December 11th. Evercore ISI lifted their target price on Constellation Brands from $235.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, January 5th. SunTrust Banks reissued a “buy” rating and set a $250.00 price target (up from $230.00) on shares of Constellation Brands in a research note on Monday, January 8th. Barclays began coverage on Constellation Brands in a research note on Wednesday, January 10th. They set an “overweight” rating and a $255.00 price target for the company. Finally, Deutsche Bank began coverage on Constellation Brands in a research note on Wednesday, December 13th. They set a “buy” rating and a $244.00 price target for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $232.80.

In other Constellation Brands news, Director Barry A. Fromberg sold 2,005 shares of the stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $220.42, for a total transaction of $441,942.10. Following the completion of the transaction, the director now owns 20,790 shares of the company’s stock, valued at $4,582,531.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Thomas J. Mullin sold 18,227 shares of the stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $217.01, for a total value of $3,955,441.27. Following the transaction, the vice president now directly owns 72,924 shares of the company’s stock, valued at approximately $15,825,237.24. The disclosure for this sale can be found here. Insiders own 15.59% of the company’s stock.

Shares of Constellation Brands, Inc. (STZ) opened at $215.89 on Friday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.54 and a current ratio of 1.40. The firm has a market capitalization of $42,030.00, a PE ratio of 26.23, a price-to-earnings-growth ratio of 1.36 and a beta of 0.11. Constellation Brands, Inc. has a one year low of $148.38 and a one year high of $229.50.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings results on Friday, January 5th. The company reported $2.00 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.87 by $0.13. The business had revenue of $1.98 billion for 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 quarter in the previous year, the business earned $1.96 EPS. equities research analysts forecast that Constellation Brands, Inc. will post 8.53 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Friday, February 9th will be issued a $0.52 dividend. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $2.08 annualized dividend and a dividend yield of 0.96%. Constellation Brands’s dividend payout ratio (DPR) is presently 25.27%.

Constellation Brands declared that its Board of Directors has authorized a stock repurchase program on Friday, January 5th that allows the company to repurchase $3.00 billion in shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is undervalued.

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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.

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

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