Schwab Charles Investment Management Inc. Has $111.87 Million Position in Constellation Brands Inc (STZ)
Schwab Charles Investment Management Inc. boosted its position in shares of Constellation Brands Inc (NYSE:STZ) by 3.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 560,899 shares of the company’s stock after acquiring an additional 18,360 shares during the period. Schwab Charles Investment Management Inc. owned 0.29% of Constellation Brands worth $111,872,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently bought and sold shares of the company. Wedbush Securities Inc. grew its position in Constellation Brands by 12.9% during the third quarter. Wedbush Securities Inc. now owns 3,179 shares of the company’s stock valued at $634,000 after buying an additional 362 shares during the period. DSAM Partners London Ltd purchased a new position in Constellation Brands during the second quarter valued at $21,659,000. Brighton Jones LLC purchased a new position in Constellation Brands during the second quarter valued at $245,000. Cipher Capital LP purchased a new position in Constellation Brands during the second quarter valued at $7,833,000. Finally, D L Carlson Investment Group Inc. lifted its holdings in Constellation Brands by 22.3% during the second quarter. D L Carlson Investment Group Inc. now owns 27,410 shares of the company’s stock valued at $5,310,000 after purchasing an additional 5,005 shares in the last quarter. 75.17% of the stock is owned by institutional investors.
In other news, VP Thomas J. Mullin sold 18,227 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $217.01, for a total transaction of $3,955,441.27. Following the transaction, the vice president now directly owns 72,924 shares of the company’s stock, valued at approximately $15,825,237.24. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Thomas J. Mullin sold 50,000 shares of the company’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $209.45, for a total transaction of $10,472,500.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 73,662 shares of company stock worth $15,564,585. Corporate insiders own 15.59% of the company’s stock.
Constellation Brands Inc (STZ) traded up $1.01 during mid-day trading on Friday, reaching $218.60. 1,082,162 shares of the company traded hands, compared to its average volume of 1,460,807. Constellation Brands Inc has a 1 year low of $144.00 and a 1 year high of $227.20. The stock has a market cap of $42,770.00, a P/E ratio of 26.67, a price-to-earnings-growth ratio of 1.42 and a beta of 0.10. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.69 and a current ratio of 1.61.
Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Thursday, October 5th. The company reported $2.47 EPS for the quarter, beating the consensus estimate of $2.17 by $0.30. The firm had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.06 billion. Constellation Brands had a net margin of 21.47% and a return on equity of 22.81%. Constellation Brands’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.77 EPS. research analysts anticipate that Constellation Brands Inc will post 8.43 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 21st. Shareholders of record on Tuesday, November 7th were paid a $0.52 dividend. The ex-dividend date was Monday, November 6th. This represents a $2.08 annualized dividend and a yield of 0.95%. Constellation Brands’s dividend payout ratio is currently 11.89%.
Several research firms have recently weighed in on STZ. Cowen reissued a “buy” rating and issued a $230.00 price target on shares of Constellation Brands in a research note on Thursday, August 3rd. Susquehanna Bancshares restated a “neutral” rating and set a $193.00 price objective (up from $169.00) on shares of Constellation Brands in a research report on Monday, October 2nd. BidaskClub upgraded shares of Constellation Brands from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 18th. Citigroup restated a “neutral” rating and set a $232.00 price objective (up from $211.00) on shares of Constellation Brands in a research report on Monday, October 9th. Finally, Royal Bank Of Canada raised their price objective on shares of Constellation Brands from $222.00 to $226.00 and gave the stock an “outperform” rating in a research report on Friday, October 6th. One 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 stock presently has an average rating of “Buy” and a consensus target price of $216.00.
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.
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