San Francisco Sentry Investment Group CA raised its holdings in Constellation Brands, Inc. (NYSE:STZ) by 21.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,855 shares of the company’s stock after buying an additional 325 shares during the period. San Francisco Sentry Investment Group CA’s holdings in Constellation Brands were worth $424,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Wedbush Securities Inc. boosted its position in Constellation Brands by 12.9% in the 3rd 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. Toronto Dominion Bank lifted its position in shares of Constellation Brands by 12.2% during the 3rd quarter. Toronto Dominion Bank now owns 65,188 shares of the company’s stock worth $13,000,000 after purchasing an additional 7,086 shares during the last quarter. Americafirst Capital Management LLC purchased a new stake in shares of Constellation Brands during the 3rd quarter worth $706,000. Achmea Investment Management B.V. lifted its position in shares of Constellation Brands by 88.1% during the 2nd quarter. Achmea Investment Management B.V. now owns 9,343 shares of the company’s stock worth $1,808,000 after purchasing an additional 4,377 shares during the last quarter. Finally, Balasa Dinverno & Foltz LLC purchased a new stake in shares of Constellation Brands during the 3rd quarter worth $204,000. 75.36% of the stock is owned by institutional investors.
Shares of Constellation Brands, Inc. (NYSE:STZ) opened at $210.26 on Monday. Constellation Brands, Inc. has a one year low of $153.28 and a one year high of $229.50. 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 cap of $40,939.73, a price-to-earnings ratio of 25.36, a P/E/G ratio of 1.29 and a beta of 0.11.
Constellation Brands (NYSE:STZ) last announced its quarterly earnings results on Friday, January 5th. The company reported $2.00 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.87 by $0.13. Constellation Brands had a net margin of 22.55% and a return on equity of 22.04%. The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period last year, the business earned $1.96 EPS. analysts predict that Constellation Brands, Inc. will post 8.53 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Friday, February 9th will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $2.08 annualized dividend and a yield of 0.99%. Constellation Brands’s dividend payout ratio is currently 22.66%.
Constellation Brands declared that its board has approved a share repurchase plan on Friday, January 5th that allows the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.
Several research firms have recently issued reports on STZ. Evercore ISI lifted their price objective on shares of Constellation Brands from $235.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, January 5th. Vetr raised shares of Constellation Brands from a “buy” rating to a “strong-buy” rating and set a $238.15 price objective for the company in a research report on Monday. SunTrust Banks reaffirmed a “buy” rating and set a $250.00 price objective (up from $230.00) on shares of Constellation Brands in a research report on Monday, January 8th. Royal Bank of Canada reaffirmed a “buy” rating and set a $226.00 price objective on shares of Constellation Brands in a research report on Sunday, November 12th. Finally, Zacks Investment Research raised shares of Constellation Brands from a “hold” rating to a “buy” rating and set a $249.00 price objective for the company in a research report on Monday, December 18th. Five investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $237.77.
In other Constellation Brands news, Director Barry A. Fromberg sold 2,005 shares of Constellation Brands stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $220.42, for a total value of $441,942.10. Following the transaction, the director now directly owns 20,790 shares in the company, valued at $4,582,531.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 15.59% of the company’s stock.
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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.
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