Constellation Brands, Inc. (STZ) Shares Bought by Bridgecreek Investment Management LLC

Bridgecreek Investment Management LLC increased its stake in Constellation Brands, Inc. (NYSE:STZ) by 0.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,675 shares of the company’s stock after acquiring an additional 329 shares during the quarter. Constellation Brands accounts for approximately 2.1% of Bridgecreek Investment Management LLC’s portfolio, making the stock its 11th largest position. Bridgecreek Investment Management LLC’s holdings in Constellation Brands were worth $9,069,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in STZ. Bessemer Group Inc. increased its stake in shares of Constellation Brands by 153.1% in the 4th quarter. Bessemer Group Inc. now owns 529 shares of the company’s stock valued at $121,000 after acquiring an additional 320 shares in the last quarter. Cerebellum GP LLC bought a new stake in Constellation Brands during the 4th quarter valued at $134,000. Valeo Financial Advisors LLC bought a new stake in Constellation Brands during the 3rd quarter valued at $153,000. Calton & Associates Inc. bought a new stake in Constellation Brands during the 4th quarter valued at $153,000. Finally, MPS Loria Financial Planners LLC bought a new stake in Constellation Brands during the 2nd quarter valued at $157,000. Institutional investors own 75.45% of the company’s stock.

Shares of Constellation Brands, Inc. (NYSE:STZ) opened at $214.15 on Thursday. Constellation Brands, Inc. has a one year low of $152.01 and a one year high of $229.50. The company has a quick ratio of 0.54, a current ratio of 1.40 and a debt-to-equity ratio of 1.01. The stock has a market cap of $41,690.00, a price-to-earnings ratio of 26.02, a PEG ratio of 1.30 and a beta of 0.11.

Constellation Brands (NYSE:STZ) last posted its earnings results on Friday, January 5th. The company reported $2.00 earnings per share (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 during the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the prior year, the business posted $1.96 EPS. research analysts expect that Constellation Brands, Inc. will post 8.53 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Friday, February 9th will be paid a $0.52 dividend. The ex-dividend date is Thursday, February 8th. This represents a $2.08 annualized dividend and a dividend yield of 0.97%. Constellation Brands’s payout ratio is 25.27%.

Constellation Brands declared that its Board of Directors has authorized a share buyback program on Friday, January 5th that authorizes the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

A number of brokerages have commented on STZ. Vetr upgraded shares of Constellation Brands from a “buy” rating to a “strong-buy” rating and set a $238.15 price target for the company in a research note on Monday. BMO Capital Markets began coverage on shares of Constellation Brands in a research note on Monday. They set an “outperform” rating and a $275.00 price target for the company. Evercore ISI boosted their price target on shares of Constellation Brands from $235.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, January 5th. Susquehanna Bancshares set a $207.00 price target on shares of Constellation Brands and gave the company a “hold” rating in a research note on Monday, January 1st. Finally, Barclays began coverage on shares of Constellation Brands in a research note on Wednesday, January 10th. They set an “overweight” rating and a $255.00 price target for the company. Five equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $237.77.

In other news, Director Barry A. Fromberg sold 2,005 shares of the company’s 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 completion of the sale, the director now owns 20,790 shares in the company, valued at approximately $4,582,531.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 15.59% of the company’s stock.

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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.

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

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