Constellation Brands Inc (STZ) Position Maintained by Acadian Asset Management LLC

Acadian Asset Management LLC held its stake in Constellation Brands Inc (NYSE:STZ) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 637 shares of the company’s stock at the end of the second quarter. Acadian Asset Management LLC’s holdings in Constellation Brands were worth $123,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in STZ. BlackRock Inc. increased its stake in Constellation Brands by 3,310.4% in the first quarter. BlackRock Inc. now owns 11,605,235 shares of the company’s stock valued at $1,880,863,000 after buying an additional 11,264,949 shares during the last quarter. State Street Corp increased its stake in Constellation Brands by 0.5% in the first quarter. State Street Corp now owns 7,391,582 shares of the company’s stock valued at $1,197,945,000 after buying an additional 39,246 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Constellation Brands by 9.0% in the first quarter. JPMorgan Chase & Co. now owns 4,578,259 shares of the company’s stock valued at $741,999,000 after buying an additional 378,620 shares during the last quarter. Egerton Capital UK LLP increased its stake in Constellation Brands by 10.4% in the first quarter. Egerton Capital UK LLP now owns 2,485,583 shares of the company’s stock valued at $402,838,000 after buying an additional 234,607 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Constellation Brands by 3.6% in the first quarter. Bank of New York Mellon Corp now owns 2,045,867 shares of the company’s stock valued at $331,574,000 after buying an additional 71,963 shares during the last quarter. 74.99% of the stock is owned by institutional investors.

Shares of Constellation Brands Inc (STZ) traded up 0.05% during mid-day trading on Friday, hitting $197.17. 292,441 shares of the stock were exchanged. The firm has a market cap of $38.51 billion, a price-to-earnings ratio of 24.73 and a beta of 0.06. The company’s 50-day moving average is $195.29 and its 200-day moving average is $175.79. Constellation Brands Inc has a 1-year low of $144.00 and a 1-year high of $199.89.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Thursday, June 29th. The company reported $2.34 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.36. Constellation Brands had a net margin of 19.94% and a return on equity of 21.57%. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same quarter in the prior year, the firm earned $1.54 EPS. The company’s revenue was up 3.4% on a year-over-year basis. Equities research analysts anticipate that Constellation Brands Inc will post $8.17 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend is Monday, August 7th. Constellation Brands’s dividend payout ratio (DPR) is presently 26.03%.

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STZ has been the subject of several research analyst reports. Morgan Stanley boosted their target price on shares of Constellation Brands from $204.00 to $218.00 and gave the stock an “overweight” rating in a research report on Monday, July 3rd. BidaskClub raised shares of Constellation Brands from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $220.00 price target on shares of Constellation Brands in a report on Wednesday, August 2nd. UBS AG lifted their price target on shares of Constellation Brands from $162.00 to $176.00 and gave the company a “neutral” rating in a report on Friday, June 30th. Finally, Wells Fargo & Company reaffirmed an “outperform” rating and issued a $216.00 price target (up from $215.00) on shares of Constellation Brands in a report on Saturday, July 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $200.53.

In other news, Director Barry A. Fromberg sold 2,000 shares of the firm’s stock in a transaction dated Thursday, July 13th. The shares were sold at an average price of $195.93, for a total value of $391,860.00. Following the transaction, the director now owns 22,820 shares of the company’s stock, valued at approximately $4,471,122.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Thomas Michael Kane sold 4,940 shares of the firm’s stock in a transaction dated Friday, July 7th. The shares were sold at an average price of $193.28, for a total transaction of $954,803.20. Following the completion of the transaction, the vice president now directly owns 8,914 shares in the company, valued at approximately $1,722,897.92. The disclosure for this sale can be found here. Insiders sold a total of 95,601 shares of company stock worth $18,586,986 in the last ninety days. Insiders own 15.59% of the company’s stock.

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.

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

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