Shelton Capital Management Purchases New Position in Constellation Brands Inc (STZ)

Shelton Capital Management purchased a new position in shares of Constellation Brands Inc (NYSE:STZ) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,083 shares of the company’s stock, valued at approximately $210,000.

A number of other large investors have also recently added to or reduced their stakes in STZ. Teachers Advisors LLC grew its stake in Constellation Brands by 3.2% during the 1st quarter. Teachers Advisors LLC now owns 381,468 shares of the company’s stock worth $61,825,000 after buying an additional 11,768 shares during the last quarter. Ngam Advisors L.P. grew its stake in Constellation Brands by 1.1% during the 1st quarter. Ngam Advisors L.P. now owns 12,085 shares of the company’s stock worth $1,959,000 after buying an additional 134 shares during the last quarter. Thrivent Financial For Lutherans grew its stake in Constellation Brands by 2.3% during the 1st quarter. Thrivent Financial For Lutherans now owns 6,350 shares of the company’s stock worth $1,029,000 after buying an additional 140 shares during the last quarter. Loomis Sayles & Co. L P grew its stake in Constellation Brands by 31.4% during the 1st quarter. Loomis Sayles & Co. L P now owns 137,057 shares of the company’s stock worth $22,212,000 after buying an additional 32,768 shares during the last quarter. Finally, MARSHALL WACE ASIA Ltd purchased a new position in Constellation Brands during the 1st quarter worth approximately $132,686,000. Hedge funds and other institutional investors own 74.90% of the company’s stock.

In other news, VP Thomas J. Mullin sold 54,834 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $194.50, for a total transaction of $10,665,213.00. Following the completion of the transaction, the vice president now directly owns 86,005 shares in the company, valued at $16,727,972.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Barry A. Fromberg sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 10th. The stock was 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. Over the last quarter, insiders have sold 122,786 shares of company stock valued at $24,740,206. Insiders own 15.59% of the company’s stock.

Shares of Constellation Brands Inc (NYSE:STZ) opened at 211.98 on Friday. Constellation Brands Inc has a 52-week low of $144.00 and a 52-week high of $214.53. The firm has a market capitalization of $41.46 billion, a PE ratio of 24.35 and a beta of 0.04. The firm’s 50-day moving average price is $204.18 and its 200-day moving average price is $189.92.

Constellation Brands (NYSE:STZ) last posted its earnings results on Thursday, October 5th. The company reported $2.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.17 by $0.30. The company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.06 billion. Constellation Brands had a return on equity of 22.81% and a net margin of 21.47%. The business’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. On average, equities analysts predict that Constellation Brands Inc will post $8.42 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 21st. Stockholders of record on Tuesday, November 7th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Monday, November 6th. This represents a $2.08 annualized dividend and a dividend yield of 0.98%. Constellation Brands’s dividend payout ratio is presently 23.85%.

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A number of research firms recently issued reports on STZ. UBS AG raised their price target on Constellation Brands from $162.00 to $176.00 and gave the stock a “neutral” rating in a research note on Friday, June 30th. Royal Bank Of Canada restated a “buy” rating and set a $220.00 price target on shares of Constellation Brands in a research note on Wednesday, August 2nd. Cowen and Company restated a “buy” rating and set a $230.00 price target on shares of Constellation Brands in a research note on Thursday, August 3rd. Citigroup Inc. restated a “neutral” rating and set a $232.00 price target (up previously from $211.00) on shares of Constellation Brands in a research note on Monday, October 9th. Finally, Susquehanna Bancshares Inc restated a “neutral” rating and set a $193.00 price target (up previously from $169.00) on shares of Constellation Brands in a research note on Monday, October 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $216.00.

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

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