Yorktown Management & Research Co Inc Holds Stake in Constellation Brands Inc (STZ)
Yorktown Management & Research Co Inc continued to hold its position in Constellation Brands Inc (NYSE:STZ) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,700 shares of the company’s stock at the end of the 2nd quarter. Yorktown Management & Research Co Inc’s holdings in Constellation Brands were worth $329,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. DSAM Partners London Ltd purchased a new stake in shares of Constellation Brands during the second quarter valued at approximately $21,659,000. United Capital Financial Advisers LLC grew its holdings in shares of Constellation Brands by 9.6% during the first quarter. United Capital Financial Advisers LLC now owns 9,113 shares of the company’s stock valued at $1,477,000 after buying an additional 797 shares during the last quarter. Brighton Jones LLC purchased a new stake in shares of Constellation Brands during the second quarter valued at approximately $245,000. Cipher Capital LP purchased a new stake in shares of Constellation Brands during the second quarter valued at approximately $7,833,000. Finally, D L Carlson Investment Group Inc. grew its holdings in shares of Constellation Brands by 22.3% during the second quarter. D L Carlson Investment Group Inc. now owns 27,410 shares of the company’s stock valued at $5,310,000 after buying an additional 5,005 shares during the last quarter. Hedge funds and other institutional investors own 74.95% of the company’s stock.
In other news, VP Thomas J. Mullin sold 54,834 shares of the company’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $194.50, for a total value of $10,665,213.00. Following the sale, the vice president now directly owns 86,005 shares of the company’s stock, valued at approximately $16,727,972.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Thomas J. Mullin sold 23,827 shares of the company’s stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $193.64, for a total transaction of $4,613,860.28. Following the completion of the sale, the vice president now directly owns 78,524 shares in the company, valued at $15,205,387.36. The disclosure for this sale can be found here. Insiders sold a total of 108,118 shares of company stock worth $21,052,835 over the last ninety days. Insiders own 15.59% of the company’s stock.
Constellation Brands Inc (NYSE:STZ) traded down 0.48% on Friday, reaching $203.40. 1,398,954 shares of the company’s stock traded hands. The stock has a 50 day moving average price of $198.27 and a 200 day moving average price of $182.34. Constellation Brands Inc has a 12-month low of $144.00 and a 12-month high of $205.12. The stock has a market cap of $39.72 billion, a price-to-earnings ratio of 25.51 and a beta of 0.03.
Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Thursday, June 29th. The company reported $2.34 EPS for the quarter, beating the consensus estimate of $1.98 by $0.36. The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.95 billion. Constellation Brands had a net margin of 19.94% and a return on equity of 21.57%. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.54 EPS. Analysts forecast that Constellation Brands Inc will post $8.18 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 1.02%. The ex-dividend date was Monday, August 7th. Constellation Brands’s dividend payout ratio (DPR) is currently 26.03%.
A number of research firms have recently commented on STZ. Macquarie assumed coverage on shares of Constellation Brands in a report on Thursday. They set an “outperform” rating and a $227.00 price target on the stock. BidaskClub upgraded shares of Constellation Brands from a “buy” rating to a “strong-buy” rating in a report on Friday, August 18th. Cowen and Company restated a “buy” rating and issued a $230.00 target price on shares of Constellation Brands in a report on Thursday, August 3rd. Royal Bank Of Canada restated a “buy” rating and issued a $220.00 target price on shares of Constellation Brands in a report on Wednesday, August 2nd. Finally, Goldman Sachs Group, Inc. (The) cut shares of Constellation Brands from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $212.00 to $210.00 in a report on Monday, July 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $202.00.
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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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