Sentry Investment Management LLC maintained its position in Constellation Brands Inc (NYSE:STZ) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,303 shares of the company’s stock at the close of the 2nd quarter. Sentry Investment Management LLC’s holdings in Constellation Brands were worth $1,027,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of STZ. Oppenheimer Asset Management Inc. lifted its holdings in shares of Constellation Brands by 50.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 577 shares of the company’s stock worth $112,000 after acquiring an additional 193 shares during the last quarter. Harbour Capital Advisors LLC bought a new stake in shares of Constellation Brands during the 1st quarter worth $117,000. North Star Investment Management Corp. lifted its holdings in shares of Constellation Brands by 11.6% during the 2nd quarter. North Star Investment Management Corp. now owns 748 shares of the company’s stock worth $145,000 after acquiring an additional 78 shares during the last quarter. Hanson McClain Inc. lifted its holdings in shares of Constellation Brands by 0.4% during the 2nd quarter. Hanson McClain Inc. now owns 772 shares of the company’s stock worth $149,000 after acquiring an additional 3 shares during the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its holdings in shares of Constellation Brands by 609.1% during the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 780 shares of the company’s stock worth $151,000 after acquiring an additional 670 shares during the last quarter. 74.90% of the stock is owned by institutional investors.

In other Constellation Brands news, VP Thomas J. Mullin sold 54,834 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $194.50, for a total transaction of $10,665,213.00. Following the transaction, the vice president now owns 86,005 shares of the company’s stock, valued at approximately $16,727,972.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Barry A. Fromberg sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $208.00, for a total transaction of $520,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 122,786 shares of company stock valued at $24,740,206 in the last quarter. 15.59% of the stock is currently owned by company insiders.

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Constellation Brands Inc (NYSE:STZ) traded down 0.23% during trading on Friday, hitting $211.50. 122,838 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $204.18 and a 200 day moving average price of $189.92. The company has a market cap of $41.37 billion, a price-to-earnings ratio of 24.30 and a beta of 0.04. Constellation Brands Inc has a 52-week low of $144.00 and a 52-week high of $214.53.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Thursday, October 5th. The company reported $2.47 earnings per share for the quarter, beating analysts’ consensus estimates of $2.17 by $0.30. Constellation Brands had a net margin of 21.47% and a return on equity of 22.81%. The company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.06 billion. During the same quarter last year, the business posted $1.77 EPS. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. On average, equities research analysts predict that Constellation Brands Inc will post $8.42 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 21st. Investors of record on Tuesday, November 7th will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Monday, November 6th. This represents a $2.08 dividend on an annualized basis and a yield of 0.98%. Constellation Brands’s payout ratio is 23.85%.

A number of research firms have recently issued reports on STZ. UBS AG lifted their price objective on shares of Constellation Brands from $162.00 to $176.00 and gave the stock a “neutral” rating in a report on Friday, June 30th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $220.00 price objective on shares of Constellation Brands in a report on Wednesday, August 2nd. Cowen and Company reaffirmed a “buy” rating and set a $230.00 price objective on shares of Constellation Brands in a report on Thursday, August 3rd. Citigroup Inc. reaffirmed a “neutral” rating and set a $232.00 price objective (up from $211.00) on shares of Constellation Brands in a report on Monday, October 9th. Finally, Susquehanna Bancshares Inc reaffirmed a “neutral” rating and set a $193.00 price objective (up from $169.00) on shares of Constellation Brands in a report on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $216.00.

About Constellation Brands

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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