Guardian Capital Advisors LP boosted its position in Constellation Brands, Inc. (NYSE:STZ – Get Rating) by 45.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 3,350 shares of the company’s stock after purchasing an additional 1,050 shares during the period. Guardian Capital Advisors LP’s holdings in Constellation Brands were worth $841,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Constellation Brands by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 12,601,280 shares of the company’s stock worth $2,902,327,000 after acquiring an additional 313,344 shares during the period. BlackRock Inc. increased its holdings in shares of Constellation Brands by 1.2% in the first quarter. BlackRock Inc. now owns 11,738,986 shares of the company’s stock valued at $2,703,724,000 after purchasing an additional 140,074 shares during the last quarter. Capital World Investors increased its holdings in shares of Constellation Brands by 4.5% in the first quarter. Capital World Investors now owns 9,203,388 shares of the company’s stock valued at $2,119,724,000 after purchasing an additional 392,964 shares during the last quarter. FMR LLC raised its position in shares of Constellation Brands by 54.0% in the second quarter. FMR LLC now owns 3,488,895 shares of the company’s stock valued at $813,122,000 after purchasing an additional 1,223,134 shares during the period. Finally, Bank of America Corp DE boosted its holdings in shares of Constellation Brands by 8.0% during the 1st quarter. Bank of America Corp DE now owns 2,376,746 shares of the company’s stock worth $547,412,000 after buying an additional 176,991 shares during the period. Institutional investors own 73.86% of the company’s stock.
Constellation Brands Price Performance
Shares of STZ stock traded up $1.69 on Thursday, hitting $256.69. 552,062 shares of the company’s stock were exchanged, compared to its average volume of 983,333. The company has a 50 day moving average of $237.04 and a 200 day moving average of $241.20. Constellation Brands, Inc. has a 12 month low of $207.59 and a 12 month high of $261.52. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.41 and a quick ratio of 0.75. The stock has a market cap of $47.35 billion, a P/E ratio of 828.06, a price-to-earnings-growth ratio of 2.07 and a beta of 0.98.
Constellation Brands Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, November 18th. Shareholders of record on Friday, November 4th were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.25%. The ex-dividend date was Thursday, November 3rd. Constellation Brands’s dividend payout ratio (DPR) is presently 1,032.29%.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on STZ. StockNews.com began coverage on shares of Constellation Brands in a research report on Wednesday, October 12th. They set a “buy” rating for the company. TheStreet lowered Constellation Brands from a “b” rating to a “c+” rating in a report on Tuesday, September 20th. Sanford C. Bernstein lifted their target price on Constellation Brands to $275.00 in a report on Thursday, October 13th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Constellation Brands from $241.00 to $243.00 and gave the company a “hold” rating in a research note on Friday, October 7th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Constellation Brands from $263.00 to $287.00 and gave the stock an “overweight” rating in a research note on Thursday, September 15th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $279.43.
Insider Transactions at Constellation Brands
In related news, EVP James A. Jr. Sabia sold 4,165 shares of the business’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $250.23, for a total transaction of $1,042,207.95. Following the transaction, the executive vice president now owns 27,102 shares in the company, valued at approximately $6,781,733.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Constellation Brands news, EVP James A. Jr. Sabia sold 4,165 shares of the firm’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $250.23, for a total value of $1,042,207.95. Following the transaction, the executive vice president now directly owns 27,102 shares of the company’s stock, valued at $6,781,733.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder 2015 Business Holdings Lp Rht sold 1,000,000 shares of Constellation Brands stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $239.06, for a total transaction of $239,060,000.00. Following the transaction, the insider now owns 350,000 shares of the company’s stock, valued at $83,671,000. The disclosure for this sale can be found here. Insiders sold a total of 4,704,167 shares of company stock valued at $1,124,624,686 in the last quarter. 16.19% of the stock is currently owned by company insiders.
Constellation Brands Company Profile
Constellation Brands, Inc, together with its subsidiaries, produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. It provides beer primarily under the Corona Extra, Corona Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands.
- Get a free copy of the StockNews.com research report on Constellation Brands (STZ)
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