Janus Henderson Group PLC increased its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 7.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,535,491 shares of the company’s stock after acquiring an additional 99,980 shares during the quarter. Janus Henderson Group PLC’s holdings in Constellation Brands were worth $331,088,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. HCR Wealth Advisors lifted its stake in Constellation Brands by 18.2% in the third quarter. HCR Wealth Advisors now owns 6,014 shares of the company’s stock valued at $1,293,000 after buying an additional 926 shares in the last quarter. Piedmont Investment Advisors Inc. raised its holdings in shares of Constellation Brands by 89.6% in the third quarter. Piedmont Investment Advisors Inc. now owns 13,051 shares of the company’s stock valued at $2,814,000 after purchasing an additional 6,169 shares during the last quarter. Norinchukin Bank The raised its holdings in shares of Constellation Brands by 13.4% in the third quarter. Norinchukin Bank The now owns 21,591 shares of the company’s stock valued at $4,655,000 after purchasing an additional 2,554 shares during the last quarter. Commonwealth Bank of Australia raised its holdings in shares of Constellation Brands by 6.0% in the third quarter. Commonwealth Bank of Australia now owns 7,114 shares of the company’s stock valued at $1,528,000 after purchasing an additional 400 shares during the last quarter. Finally, Bowen Hanes & Co. Inc. acquired a new stake in shares of Constellation Brands in the third quarter valued at approximately $17,702,000. 72.26% of the stock is currently owned by institutional investors and hedge funds.

In related news, VP Thomas Michael Kane sold 4,419 shares of the business’s stock in a transaction on Friday, October 19th. The shares were sold at an average price of $223.83, for a total transaction of $989,104.77. Following the transaction, the vice president now directly owns 8,499 shares in the company, valued at $1,902,331.17. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Robert Sands sold 136,547 shares of the business’s stock in a transaction on Friday, October 19th. The stock was sold at an average price of $223.62, for a total transaction of $30,534,640.14. Following the transaction, the chief executive officer now owns 737,607 shares in the company, valued at $164,943,677.34. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 578,723 shares of company stock worth $129,438,449. 15.80% of the stock is owned by corporate insiders.

A number of analysts have recently issued reports on STZ shares. Deutsche Bank lowered their price objective on shares of Constellation Brands from $234.00 to $226.00 and set a “buy” rating on the stock in a report on Thursday, August 16th. Bank of America lowered their price objective on shares of Constellation Brands from $250.00 to $230.00 and set a “buy” rating on the stock in a report on Thursday, August 16th. Cann lowered their price objective on shares of Constellation Brands from $234.00 to $226.00 and set a “buy” rating on the stock in a report on Thursday, August 16th. Pivotal Research reiterated a “buy” rating and issued a $265.00 price objective on shares of Constellation Brands in a report on Wednesday, August 15th. Finally, Jefferies Financial Group started coverage on shares of Constellation Brands in a report on Friday, September 7th. They issued a “buy” rating and a $283.00 price objective on the stock. Two analysts have rated the stock with a sell rating, seven have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. Constellation Brands has a consensus rating of “Buy” and a consensus price target of $246.96.

Shares of STZ opened at $194.21 on Thursday. The firm has a market cap of $36.13 billion, a P/E ratio of 21.26, a PEG ratio of 1.85 and a beta of 0.08. Constellation Brands, Inc. has a 1-year low of $187.87 and a 1-year high of $236.62. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.76 and a current ratio of 1.66.

Constellation Brands (NYSE:STZ) last issued its earnings results on Thursday, October 4th. The company reported $2.87 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.60 by $0.27. The business had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.25 billion. Constellation Brands had a net margin of 38.18% and a return on equity of 18.63%. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the previous year, the company earned $2.47 earnings per share. On average, analysts predict that Constellation Brands, Inc. will post 9.43 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 20th. Investors of record on Tuesday, November 6th were issued a dividend of $0.74 per share. The ex-dividend date was Monday, November 5th. This represents a $2.96 dividend on an annualized basis and a yield of 1.52%. Constellation Brands’s payout ratio is 33.94%.

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About Constellation Brands

Constellation Brands, Inc, together with its subsidiaries, produces, imports, and markets beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company sells wine across various categories, including table wine, sparkling wine, and dessert wine. It provides beer primarily under the Corona Extra, Corona Light, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands, as well as Funky Buddha, Obregon Brewery, and Ballast Point brands.

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

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