W.G. Shaheen & Associates DBA Whitney & Co grew its position in Constellation Brands Inc (NYSE:STZ) by 2.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,075 shares of the company’s stock after purchasing an additional 645 shares during the period. Constellation Brands comprises about 2.0% of W.G. Shaheen & Associates DBA Whitney & Co’s portfolio, making the stock its 10th largest position. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in Constellation Brands were worth $6,214,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. grew its position in Constellation Brands by 50.3% during the second quarter. Oppenheimer Asset Management Inc. now owns 577 shares of the company’s stock valued at $112,000 after buying an additional 193 shares during the period. Harbour Capital Advisors LLC bought a new position in Constellation Brands during the first quarter valued at about $117,000. Hanson McClain Inc. grew its position in Constellation Brands by 0.3% during the first quarter. Hanson McClain Inc. now owns 769 shares of the company’s stock valued at $125,000 after buying an additional 2 shares during the period. North Star Investment Management Corp. grew its position in Constellation Brands by 11.6% during the second quarter. North Star Investment Management Corp. now owns 748 shares of the company’s stock valued at $145,000 after buying an additional 78 shares during the period. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. grew its position in Constellation Brands by 609.1% during the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 780 shares of the company’s stock valued at $151,000 after buying an additional 670 shares during the period. Institutional investors own 74.96% of the company’s stock.

Several research firms recently weighed in on STZ. Royal Bank Of Canada restated an “outperform” rating and set a $220.00 price target (up previously from $205.00) on shares of Constellation Brands in a research report on Friday, June 30th. UBS AG increased their price target on shares of Constellation Brands from $162.00 to $176.00 and gave the company a “neutral” rating in a research report on Friday, June 30th. J P Morgan Chase & Co restated an “overweight” rating and set a $220.00 price target (up previously from $188.00) on shares of Constellation Brands in a research report on Friday, June 30th. Zacks Investment Research upgraded shares of Constellation Brands from a “hold” rating to a “buy” rating and set a $207.00 price target for the company in a research report on Thursday, June 22nd. Finally, Argus increased their price target on shares of Constellation Brands from $194.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, July 5th. One research analyst has rated the stock with a sell rating, six have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $202.00.

In other Constellation Brands news, EVP William F. Hackett sold 12,517 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $197.00, for a total value of $2,465,849.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Barry A. Fromberg sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, July 13th. The stock was sold at an average price of $195.93, for a total value of $391,860.00. Following the completion of the transaction, the director now owns 22,820 shares of the company’s stock, valued at $4,471,122.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 108,118 shares of company stock valued at $21,052,835. 15.59% of the stock is currently owned by corporate insiders.

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Constellation Brands Inc (NYSE:STZ) traded up 0.16% during trading on Friday, hitting $201.35. 219,841 shares of the stock were exchanged. The firm has a market capitalization of $39.32 billion, a price-to-earnings ratio of 25.25 and a beta of 0.03. The company has a 50-day moving average price of $198.80 and a 200 day moving average price of $183.32. Constellation Brands Inc has a 1-year low of $144.00 and a 1-year high of $205.12.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Thursday, June 29th. The company reported $2.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.98 by $0.36. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.95 billion. Constellation Brands had a return on equity of 21.57% and a net margin of 19.94%. The firm’s revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.54 EPS. Equities analysts predict that Constellation Brands Inc will post $8.18 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 23rd. Investors of record on Wednesday, August 9th were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Monday, August 7th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.03%. Constellation Brands’s dividend payout ratio (DPR) is presently 26.03%.

Constellation Brands 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.

Institutional Ownership by Quarter for Constellation Brands (NYSE:STZ)

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