Public Employees Retirement System of Ohio boosted its holdings in Constellation Brands, Inc. (NYSE:STZ) by 1.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 142,610 shares of the company’s stock after purchasing an additional 2,726 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.07% of Constellation Brands worth $32,596,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the stock. WFG Advisors LP increased its stake in Constellation Brands by 7.3% in the second quarter. WFG Advisors LP now owns 1,364 shares of the company’s stock valued at $264,000 after purchasing an additional 93 shares during the last quarter. MAI Capital Management increased its stake in Constellation Brands by 4.6% in the fourth quarter. MAI Capital Management now owns 5,742 shares of the company’s stock valued at $1,312,000 after purchasing an additional 254 shares during the last quarter. Fiduciary Financial Services of The Southwest Inc. TX increased its stake in Constellation Brands by 9.9% in the fourth quarter. Fiduciary Financial Services of The Southwest Inc. TX now owns 2,855 shares of the company’s stock valued at $653,000 after purchasing an additional 258 shares during the last quarter. First Personal Financial Services increased its stake in Constellation Brands by 20.7% in the fourth quarter. First Personal Financial Services now owns 1,530 shares of the company’s stock valued at $350,000 after purchasing an additional 262 shares during the last quarter. Finally, IFC Holdings Incorporated FL increased its stake in Constellation Brands by 6.8% in the third quarter. IFC Holdings Incorporated FL now owns 4,379 shares of the company’s stock valued at $873,000 after purchasing an additional 278 shares during the last quarter. Hedge funds and other institutional investors own 75.36% of the company’s stock.
In other Constellation Brands news, Director Barry A. Fromberg sold 2,005 shares of the company’s stock in a transaction dated 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 sale, the director now directly owns 20,790 shares in the company, valued at $4,582,531.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 15.59% of the company’s stock.
Shares of Constellation Brands, Inc. (NYSE:STZ) opened at $213.47 on Wednesday. The company has a market capitalization of $41,475.18, a PE ratio of 25.69, a price-to-earnings-growth ratio of 1.31 and a beta of 0.11. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.54 and a current ratio of 1.40. Constellation Brands, Inc. has a 12 month low of $153.28 and a 12 month high of $229.50.
Constellation Brands (NYSE:STZ) last announced its quarterly earnings results on Friday, January 5th. The company reported $2.00 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.87 by $0.13. The company had revenue of $1.98 billion during the quarter, compared to analyst estimates 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 in the prior year, the firm posted $1.96 earnings per share. sell-side analysts anticipate that Constellation Brands, Inc. will post 8.53 EPS for the current fiscal year.
Constellation Brands announced that its Board of Directors has authorized a stock buyback program on Friday, January 5th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Friday, February 9th will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $2.08 annualized dividend and a yield of 0.97%. Constellation Brands’s dividend payout ratio is presently 22.66%.
Several equities analysts recently commented on STZ shares. SunTrust Banks reiterated a “buy” rating and issued a $250.00 target price (up from $230.00) on shares of Constellation Brands in a research note on Monday, January 8th. Zacks Investment Research upgraded Constellation Brands from a “hold” rating to a “buy” rating and set a $249.00 target price for the company in a research note on Monday, December 18th. Deutsche Bank started coverage on Constellation Brands in a research note on Wednesday, December 13th. They issued a “buy” rating and a $244.00 target price for the company. Royal Bank of Canada reiterated a “buy” rating and issued a $226.00 target price on shares of Constellation Brands in a research note on Sunday, November 12th. Finally, Susquehanna Bancshares set a $207.00 target price on Constellation Brands and gave the company a “hold” rating in a research note on Monday, January 1st. Five equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $237.77.
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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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