Americafirst Capital Management LLC Takes $706,000 Position in Constellation Brands, Inc. (STZ)
Americafirst Capital Management LLC acquired a new position in shares of Constellation Brands, Inc. (NYSE:STZ) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,538 shares of the company’s stock, valued at approximately $706,000. Constellation Brands makes up approximately 1.0% of Americafirst Capital Management LLC’s holdings, making the stock its 19th biggest position.
Several other institutional investors also recently made changes to their positions in STZ. Oppenheimer Asset Management Inc. boosted its holdings in Constellation Brands by 50.3% in the second quarter. Oppenheimer Asset Management Inc. now owns 577 shares of the company’s stock valued at $112,000 after purchasing an additional 193 shares in the last quarter. Hanson McClain Inc. boosted its holdings in Constellation Brands by 0.4% in the second quarter. Hanson McClain Inc. now owns 772 shares of the company’s stock valued at $149,000 after purchasing an additional 3 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its holdings in Constellation Brands by 609.1% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 780 shares of the company’s stock valued at $151,000 after purchasing an additional 670 shares in the last quarter. Valeo Financial Advisors LLC acquired a new position in Constellation Brands in the third quarter valued at approximately $153,000. Finally, Acrospire Investment Management LLC boosted its holdings in Constellation Brands by 100.0% in the second quarter. Acrospire Investment Management LLC now owns 800 shares of the company’s stock valued at $155,000 after purchasing an additional 400 shares in the last quarter. 75.04% of the stock is owned by institutional investors and hedge funds.
In other news, VP Thomas J. Mullin sold 50,000 shares of the stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $209.45, for a total value of $10,472,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Barry A. Fromberg sold 2,500 shares of the stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $208.00, for a total value of $520,000.00. The disclosure for this sale can be found here. Insiders sold 73,662 shares of company stock valued at $15,564,585 over the last three months. Corporate insiders own 15.59% of the company’s stock.
Constellation Brands, Inc. (NYSE STZ) traded down $1.43 during mid-day trading on Thursday, hitting $218.58. The stock had a trading volume of 1,104,700 shares, compared to its average volume of 1,454,673. The firm has a market capitalization of $43,035.49, a P/E ratio of 26.67, a P/E/G ratio of 1.42 and a beta of 0.08. Constellation Brands, Inc. has a 1-year low of $144.00 and a 1-year high of $227.20. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.61 and a quick ratio of 0.69.
Constellation Brands (NYSE:STZ) last posted its quarterly earnings data on Thursday, October 5th. The company reported $2.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.17 by $0.30. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.06 billion. Constellation Brands had a return on equity of 22.81% and a net margin of 21.47%. The company’s revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.77 earnings per share. equities research analysts expect that Constellation Brands, Inc. will post 8.43 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 21st. Stockholders of record on Tuesday, November 7th were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.95%. The ex-dividend date was Monday, November 6th. Constellation Brands’s payout ratio is currently 10.67%.
STZ has been the subject of a number of research analyst reports. Morgan Stanley upped their price target on Constellation Brands from $218.00 to $245.00 and gave the company an “overweight” rating in a report on Friday, October 6th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $226.00 price target on shares of Constellation Brands in a report on Sunday, November 12th. Evercore ISI reaffirmed an “outperform” rating and issued a $235.00 price target (up from $230.00) on shares of Constellation Brands in a report on Friday, October 6th. BidaskClub raised Constellation Brands from a “buy” rating to a “strong-buy” rating in a report on Friday, August 18th. Finally, Citigroup reaffirmed a “neutral” rating and issued a $232.00 price target (up from $211.00) on shares of Constellation Brands in a report on Monday, October 9th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $217.40.
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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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