Tdam USA Inc. Has $275,000 Stake in Constellation Brands Inc (STZ)
Tdam USA Inc. held its position in Constellation Brands Inc (NYSE:STZ) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,417 shares of the company’s stock at the end of the second quarter. Tdam USA Inc.’s holdings in Constellation Brands were worth $275,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Palisade Capital Management LLC NJ boosted its position in Constellation Brands by 29.5% in the first quarter. Palisade Capital Management LLC NJ now owns 51,695 shares of the company’s stock worth $8,378,000 after buying an additional 11,761 shares during the period. Lodestar Investment Counsel LLC IL boosted its position in Constellation Brands by 4.3% in the first quarter. Lodestar Investment Counsel LLC IL now owns 1,958 shares of the company’s stock worth $317,000 after buying an additional 81 shares during the period. Hillman Co. boosted its position in Constellation Brands by 27.1% in the first quarter. Hillman Co. now owns 183,470 shares of the company’s stock worth $29,735,000 after buying an additional 39,122 shares during the period. Heritage Investors Management Corp boosted its position in Constellation Brands by 2.7% in the first quarter. Heritage Investors Management Corp now owns 101,306 shares of the company’s stock worth $16,419,000 after buying an additional 2,696 shares during the period. Finally, Tompkins Financial Corp boosted its position in Constellation Brands by 29.4% in the first quarter. Tompkins Financial Corp now owns 770 shares of the company’s stock worth $116,000 after buying an additional 175 shares during the period. Institutional investors own 76.14% of the company’s stock.
Shares of Constellation Brands Inc (NYSE:STZ) opened at 194.69 on Friday. The company has a market capitalization of $38.02 billion, a P/E ratio of 24.42 and a beta of 0.06. The stock has a 50 day moving average of $193.29 and a 200-day moving average of $174.15. Constellation Brands Inc has a 12-month low of $144.00 and a 12-month high of $199.89.
Constellation Brands (NYSE:STZ) last posted its quarterly earnings results on Thursday, June 29th. The company reported $2.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.98 by $0.36. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.95 billion. Constellation Brands had a net margin of 19.94% and a return on equity of 21.57%. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period last year, the firm posted $1.54 earnings per share. Equities research analysts forecast that Constellation Brands Inc will post $8.17 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend is Monday, August 7th. Constellation Brands’s dividend payout ratio is currently 26.03%.
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A number of research firms recently weighed in on STZ. Wells Fargo & Company restated an “outperform” rating and set a $216.00 target price (up previously from $215.00) on shares of Constellation Brands in a research note on Saturday, July 22nd. Goldman Sachs Group, Inc. (The) cut shares of Constellation Brands from a “buy” rating to a “neutral” rating and lowered their target price for the company from $212.00 to $210.00 in a research note on Monday, July 24th. BidaskClub upgraded shares of Constellation Brands from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 12th. Royal Bank Of Canada restated a “buy” rating and set a $220.00 target price on shares of Constellation Brands in a research note on Wednesday, August 2nd. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $218.00 price target on shares of Constellation Brands in a report on Monday, July 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the stock. Constellation Brands has an average rating of “Buy” and a consensus price target of $200.53.
In other news, Director Barry A. Fromberg sold 2,000 shares of the firm’s stock in a transaction dated Thursday, July 13th. The shares were sold at an average price of $195.93, for a total value of $391,860.00. Following the transaction, the director now directly owns 22,820 shares of the company’s stock, valued at $4,471,122.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Thomas J. Mullin sold 54,834 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $194.50, for a total transaction of $10,665,213.00. Following the completion of the transaction, the vice president now directly owns 86,005 shares in the company, valued at $16,727,972.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 95,601 shares of company stock worth $18,586,986. Insiders own 15.59% of the company’s stock.
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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