TCG Advisors LP bought a new position in Constellation Brands, Inc. (NYSE:STZ) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 200 shares of the company’s stock, valued at approximately $40,000.
Several other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. raised its position in shares of Constellation Brands by 14.7% during the first quarter. BlackRock Inc. now owns 13,545,436 shares of the company’s stock valued at $2,374,922,000 after buying an additional 1,734,902 shares during the last quarter. Jennison Associates LLC raised its position in Constellation Brands by 120.4% in the 2nd quarter. Jennison Associates LLC now owns 2,727,160 shares of the company’s stock worth $537,087,000 after purchasing an additional 1,490,064 shares during the period. Janus Henderson Group PLC lifted its stake in Constellation Brands by 11.4% in the second quarter. Janus Henderson Group PLC now owns 2,363,365 shares of the company’s stock worth $465,445,000 after purchasing an additional 242,621 shares during the last quarter. Jackson Square Partners LLC bought a new stake in Constellation Brands in the first quarter worth about $395,015,000. Finally, Geode Capital Management LLC boosted its position in shares of Constellation Brands by 6.6% during the fourth quarter. Geode Capital Management LLC now owns 1,937,070 shares of the company’s stock valued at $310,909,000 after buying an additional 120,139 shares during the period. 72.30% of the stock is currently owned by institutional investors.
In other news, Director Jeremy S. G. Fowden sold 10,213 shares of the business’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $197.35, for a total value of $2,015,535.55. Following the completion of the transaction, the director now directly owns 27,630 shares of the company’s stock, valued at approximately $5,452,780.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Richard Sands sold 95,521 shares of the business’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $204.57, for a total value of $19,540,730.97. Following the completion of the transaction, the insider now directly owns 173,379 shares of the company’s stock, valued at $35,468,142.03. The disclosure for this sale can be found here. 15.86% of the stock is owned by corporate insiders.
Constellation Brands stock traded down $1.26 during midday trading on Wednesday, hitting $206.92. 602,883 shares of the company’s stock were exchanged, compared to its average volume of 928,143. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.71 and a current ratio of 1.22. The company has a market cap of $39.94 billion, a PE ratio of 22.30, a P/E/G ratio of 3.10 and a beta of 0.69. The firm has a 50-day moving average of $199.61 and a two-hundred day moving average of $191.93. Constellation Brands, Inc. has a 12 month low of $150.37 and a 12 month high of $228.91.
Constellation Brands (NYSE:STZ) last announced its quarterly earnings results on Friday, June 28th. The company reported $2.21 earnings per share for the quarter, topping the consensus estimate of $2.06 by $0.15. Constellation Brands had a net margin of 27.38% and a return on equity of 14.98%. The firm had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.07 billion. During the same quarter in the prior year, the company earned $2.20 EPS. The company’s revenue was up 11.5% compared to the same quarter last year. As a group, equities analysts expect that Constellation Brands, Inc. will post 8.35 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Tuesday, August 13th were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date was Monday, August 12th. Constellation Brands’s dividend payout ratio (DPR) is 32.33%.
Constellation Brands Profile
Constellation Brands, Inc, together with its subsidiaries, produces, imports, and markets beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. It provides beer primarily under the Corona Extra, Corona Light, Corona Premier, Corona Familiar Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands, as well as Funky Buddha, Four Corners, and Ballast Point brands.
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