Constellation Brands Inc (STZ) Shares Bought by Fjarde AP Fonden Fourth Swedish National Pension Fund
Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in Constellation Brands Inc (NYSE:STZ) by 12.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,371 shares of the company’s stock after buying an additional 4,534 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Constellation Brands were worth $7,821,000 as of its most recent filing with the SEC.
A number of other large investors also recently bought and sold shares of the company. Harbour Capital Advisors LLC acquired a new position in shares of Constellation Brands during the first quarter valued at $117,000. Hanson McClain Inc. boosted its position in shares of Constellation Brands by 0.3% in the first quarter. Hanson McClain Inc. now owns 769 shares of the company’s stock valued at $125,000 after buying an additional 2 shares in the last quarter. Coconut Grove Bank boosted its position in shares of Constellation Brands by 106.8% in the first quarter. Coconut Grove Bank now owns 887 shares of the company’s stock valued at $144,000 after buying an additional 458 shares in the last quarter. North Star Investment Management Corp. boosted its position in shares of Constellation Brands by 11.6% in the second quarter. North Star Investment Management Corp. now owns 748 shares of the company’s stock valued at $145,000 after buying an additional 78 shares in the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in shares of Constellation Brands by 609.1% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 780 shares of the company’s stock valued at $151,000 after buying an additional 670 shares in the last quarter. 74.99% of the stock is owned by institutional investors and hedge funds.
Shares of Constellation Brands Inc (NYSE STZ) traded up 0.73% during midday trading on Friday, hitting $198.32. 689,197 shares of the company’s stock were exchanged. The firm has a market cap of $38.73 billion, a PE ratio of 24.87 and a beta of 0.06. The stock’s 50-day moving average price is $195.94 and its 200 day moving average price is $177.85. Constellation Brands Inc has a one year low of $144.00 and a one year high of $199.89.
Constellation Brands (NYSE:STZ) last posted its earnings results on Thursday, June 29th. The company reported $2.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.98 by $0.36. Constellation Brands had a return on equity of 21.57% and a net margin of 19.94%. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same period in the previous year, the company earned $1.54 EPS. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. Equities research analysts forecast that Constellation Brands Inc will post $8.17 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 9th were given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend was Monday, August 7th. Constellation Brands’s dividend payout ratio is currently 26.03%.
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A number of research analysts recently weighed in on STZ shares. BidaskClub cut shares of Constellation Brands from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 10th. Royal Bank Of Canada reiterated a “buy” rating on shares of Constellation Brands in a research note on Friday, June 16th. Stifel Nicolaus boosted their price target on shares of Constellation Brands from $201.00 to $216.00 and gave the stock a “buy” rating in a research note on Friday, June 30th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $198.00 price target (down previously from $200.00) on shares of Constellation Brands in a research note on Friday, June 23rd. Finally, Zacks Investment Research upgraded shares of Constellation Brands from a “hold” rating to a “buy” rating and set a $207.00 price target on the stock in a research note on Thursday, June 22nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $200.53.
In other news, VP Thomas Michael Kane sold 4,940 shares of the business’s stock in a transaction that occurred on Friday, July 7th. The stock was sold at an average price of $193.28, for a total transaction of $954,803.20. Following the sale, the vice president now directly owns 8,914 shares in the company, valued at $1,722,897.92. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Thomas J. Mullin sold 23,827 shares of the business’s stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $193.64, for a total value of $4,613,860.28. Following the sale, the vice president now owns 78,524 shares in the company, valued at $15,205,387.36. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 108,118 shares of company stock worth $21,052,835. Company insiders own 15.59% of the company’s stock.
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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