Roffman Miller Associates Inc. PA Raises Holdings in Constellation Brands, Inc. (STZ)
Roffman Miller Associates Inc. PA boosted its position in Constellation Brands, Inc. (NYSE:STZ) by 69.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,537 shares of the company’s stock after buying an additional 3,895 shares during the quarter. Roffman Miller Associates Inc. PA’s holdings in Constellation Brands were worth $2,180,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently modified their holdings of the company. Wedbush Securities Inc. boosted its stake in Constellation Brands by 12.9% in the third quarter. Wedbush Securities Inc. now owns 3,179 shares of the company’s stock worth $634,000 after buying an additional 362 shares in the last quarter. Toronto Dominion Bank boosted its stake in Constellation Brands by 12.2% in the third quarter. Toronto Dominion Bank now owns 65,188 shares of the company’s stock worth $13,000,000 after buying an additional 7,086 shares in the last quarter. Americafirst Capital Management LLC purchased a new stake in shares of Constellation Brands during the third quarter valued at approximately $706,000. Achmea Investment Management B.V. boosted its stake in shares of Constellation Brands by 88.1% during the second quarter. Achmea Investment Management B.V. now owns 9,343 shares of the company’s stock valued at $1,808,000 after purchasing an additional 4,377 shares during the period. Finally, Balasa Dinverno & Foltz LLC purchased a new stake in shares of Constellation Brands during the third quarter valued at approximately $204,000. 75.45% of the stock is owned by institutional investors and hedge funds.
Constellation Brands, Inc. (STZ) opened at $208.73 on Friday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.54 and a current ratio of 1.40. The company has a market capitalization of $41,697.15, a P/E ratio of 22.74, a P/E/G ratio of 1.32 and a beta of 0.11. Constellation Brands, Inc. has a twelve month low of $153.28 and a twelve month high of $229.50.
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Friday, February 9th will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.00%. Constellation Brands’s dividend payout ratio is presently 10.13%.
Constellation Brands declared that its Board of Directors has approved a share repurchase plan on Friday, January 5th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.
A number of research firms have recently weighed in on STZ. Susquehanna Bancshares set a $207.00 price objective on Constellation Brands and gave the company a “hold” rating in a research note on Monday, January 1st. Wells Fargo & Co increased their price objective on Constellation Brands from $235.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, January 4th. Macquarie increased their price objective on Constellation Brands from $246.00 to $250.00 and gave the company an “outperform” rating in a research note on Wednesday, January 3rd. Zacks Investment Research raised Constellation Brands from a “hold” rating to a “buy” rating and set a $249.00 price objective for the company in a research note on Monday, December 18th. Finally, Barclays began coverage on Constellation Brands in a research note on Wednesday, January 10th. They set an “overweight” rating and a $255.00 price objective for the company. Five investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $237.77.
In related news, Director Barry A. Fromberg sold 2,005 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $220.42, for a total transaction of $441,942.10. Following the completion of the transaction, the director now owns 20,790 shares in the company, valued at $4,582,531.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 15.59% of the stock is owned by corporate insiders.
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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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