Farmers Trust Co. purchased a new position in shares of Constellation Brands Inc (NYSE:STZ) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,104 shares of the company’s stock, valued at approximately $213,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Thrivent Financial for Lutherans boosted its position in shares of Constellation Brands by 6.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 6,210 shares of the company’s stock worth $952,000 after buying an additional 380 shares during the period. Numeric Investors LLC acquired a new position in shares of Constellation Brands during the fourth quarter worth $843,000. UBS Asset Management Americas Inc. boosted its position in shares of Constellation Brands by 7.9% in the fourth quarter. UBS Asset Management Americas Inc. now owns 430,341 shares of the company’s stock worth $65,976,000 after buying an additional 31,510 shares during the period. Kentucky Retirement Systems acquired a new position in shares of Constellation Brands during the fourth quarter worth $1,977,000. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Constellation Brands during the fourth quarter worth $882,000. 75.67% of the stock is currently owned by hedge funds and other institutional investors.
Constellation Brands Inc (NYSE STZ) traded up 0.1879% during mid-day trading on Monday, reaching $193.8836. 564,591 shares of the company traded hands. Constellation Brands Inc has a 52-week low of $144.00 and a 52-week high of $197.41. The company has a market capitalization of $37.87 billion, a P/E ratio of 24.3175 and a beta of 0.07. The stock has a 50 day moving average price of $182.37 and a 200-day moving average price of $165.44.
Constellation Brands (NYSE:STZ) last posted its quarterly earnings data on Thursday, June 29th. The company reported $2.34 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.36. Constellation Brands had a return on equity of 21.57% and a net margin of 19.94%. The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same period in the prior year, the business earned $1.54 earnings per share. Constellation Brands’s revenue for the quarter was up 3.4% compared to the same quarter last year. Analysts expect that Constellation Brands Inc will post $8.16 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th will be given a $0.52 dividend. The ex-dividend date of this dividend is Monday, August 7th. This represents a $2.08 annualized dividend and a dividend yield of 1.07%. Constellation Brands’s dividend payout ratio is 26.03%.
STZ has been the topic of a number of recent research reports. J P Morgan Chase & Co initiated coverage on shares of Constellation Brands in a research report on Tuesday, March 21st. They set an “overweight” rating and a $183.00 price target on the stock. OTR Global cut shares of Constellation Brands to a “positive” rating in a research report on Tuesday, March 28th. Royal Bank of Canada reaffirmed a “buy” rating and set a $183.00 price target on shares of Constellation Brands in a research report on Friday, March 31st. Susquehanna Bancshares Inc reaffirmed a “hold” rating and set a $158.00 price target on shares of Constellation Brands in a research report on Wednesday, April 5th. Finally, Pivotal Research lifted their price target on shares of Constellation Brands from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, April 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $199.94.
In other news, Director Barry A. Fromberg sold 700 shares of the stock in a transaction that occurred on Wednesday, April 12th. The stock was sold at an average price of $170.03, for a total value of $119,021.00. Following the completion of the sale, the director now directly owns 21,520 shares of the company’s stock, valued at $3,659,045.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Thomas J. Mullin sold 39,854 shares of the stock in a transaction that occurred on Wednesday, April 12th. The shares were sold at an average price of $169.55, for a total value of $6,757,245.70. Following the completion of the sale, the vice president now directly owns 48,900 shares of the company’s stock, valued at $8,290,995. The disclosure for this sale can be found here. Insiders sold 85,071 shares of company stock valued at $15,058,908 over the last three months. 15.59% of the stock is owned by company insiders.
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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