Constellation Brands Inc. (STZ) Stake Maintained by Boston Advisors LLC
Boston Advisors LLC maintained its position in Constellation Brands Inc. (NYSE:STZ) during the second quarter, Holdings Channel reports. The fund owned 2,812 shares of the company’s stock at the end of the second quarter. Boston Advisors LLC’s holdings in Constellation Brands were worth $465,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Invictus RG purchased a new position in Constellation Brands during the first quarter valued at approximately $110,000. Daiwa SB Investments Ltd. purchased a new position in Constellation Brands during the second quarter valued at approximately $134,000. NN Investment Partners Holdings N.V. purchased a new position in Constellation Brands during the first quarter valued at approximately $165,000. Tompkins Financial Corp boosted its position in Constellation Brands by 44.2% in the second quarter. Tompkins Financial Corp now owns 1,110 shares of the company’s stock valued at $184,000 after buying an additional 340 shares during the period. Finally, Atria Investments LLC purchased a new position in Constellation Brands during the second quarter valued at approximately $203,000. Hedge funds and other institutional investors own 75.05% of the company’s stock.
Constellation Brands Inc. (NYSE:STZ) traded up 1.44% during midday trading on Thursday, reaching $171.03. 2,157,718 shares of the company’s stock were exchanged. The firm’s 50-day moving average is $165.52 and its 200 day moving average is $160.29. The stock has a market cap of $34.29 billion, a P/E ratio of 30.82 and a beta of 0.63. Constellation Brands Inc. has a 1-year low of $130.23 and a 1-year high of $173.55.
Constellation Brands (NYSE:STZ) last posted its quarterly earnings data on Wednesday, October 5th. The company reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.12. The firm earned $2.02 billion during the quarter. Constellation Brands had a net margin of 15.53% and a return on equity of 17.66%. The company’s revenue was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.56 EPS. Equities analysts anticipate that Constellation Brands Inc. will post $6.37 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 22nd. Shareholders of record on Tuesday, November 8th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend is Friday, November 4th. Constellation Brands’s payout ratio is presently 28.78%.
Several research analysts have commented on the stock. Pivotal Research restated a “buy” rating and issued a $200.00 target price on shares of Constellation Brands in a research report on Thursday. Zacks Investment Research upgraded shares of Constellation Brands from a “sell” rating to a “hold” rating and set a $183.00 price objective for the company in a report on Friday, July 1st. RBC Capital Markets reiterated an “outperform” rating and issued a $181.00 price objective on shares of Constellation Brands in a report on Wednesday. Credit Suisse Group AG assumed coverage on shares of Constellation Brands in a report on Thursday, September 15th. They issued a “neutral” rating and a $178.00 price objective for the company. Finally, Susquehanna reiterated a “hold” rating on shares of Constellation Brands in a report on Monday, August 8th. Six equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $175.75.
In other news, EVP William F. Hackett sold 8,000 shares of Constellation Brands stock in a transaction that occurred on Thursday, July 21st. The shares were sold at an average price of $164.67, for a total transaction of $1,317,360.00. Following the completion of the sale, the executive vice president now owns 54,934 shares in the company, valued at approximately $9,045,981.78. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP F Paul Hetterich sold 10,000 shares of Constellation Brands stock in a transaction that occurred on Monday, July 11th. The stock was sold at an average price of $164.60, for a total transaction of $1,646,000.00. Following the sale, the vice president now owns 61,404 shares of the company’s stock, valued at approximately $10,107,098.40. The disclosure for this sale can be found here. 10.63% of the stock is currently 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 and wine the United States and Canada. 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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