San Francisco Sentry Investment Group CA Has $293,000 Position in Constellation Brands Inc (STZ)
San Francisco Sentry Investment Group CA held its position in Constellation Brands Inc (NYSE:STZ) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,513 shares of the company’s stock at the close of the 2nd quarter. San Francisco Sentry Investment Group CA’s holdings in Constellation Brands were worth $293,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. DSAM Partners London Ltd bought a new stake in shares of Constellation Brands in the 2nd quarter worth $21,659,000. Brighton Jones LLC bought a new stake in shares of Constellation Brands in the 2nd quarter worth $245,000. Cipher Capital LP bought a new stake in shares of Constellation Brands in the 2nd quarter worth $7,833,000. Oak Ridge Investments LLC increased its holdings in shares of Constellation Brands by 24.4% in the 2nd quarter. Oak Ridge Investments LLC now owns 35,907 shares of the company’s stock worth $6,956,000 after purchasing an additional 7,052 shares in the last quarter. Finally, United Capital Financial Advisers LLC increased its holdings in shares of Constellation Brands by 9.6% in the 1st quarter. United Capital Financial Advisers LLC now owns 9,113 shares of the company’s stock worth $1,477,000 after purchasing an additional 797 shares in the last quarter. 74.96% of the stock is owned by institutional investors and hedge funds.
Several analysts recently commented on STZ shares. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $220.00 price objective (up previously from $188.00) on shares of Constellation Brands in a report on Friday, June 30th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $220.00 price objective (up previously from $205.00) on shares of Constellation Brands in a report on Friday, June 30th. UBS AG lifted their price objective on Constellation Brands from $162.00 to $176.00 and gave the stock a “neutral” rating in a report on Friday, June 30th. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and issued a $193.00 price objective (up previously from $169.00) on shares of Constellation Brands in a report on Monday. Finally, Argus lifted their price objective on Constellation Brands from $194.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, July 5th. One equities 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’s stock. The stock has an average rating of “Buy” and an average price target of $203.76.
In other news, VP Thomas J. Mullin sold 54,834 shares of the firm’s stock in a transaction dated 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 sale, the vice president now directly owns 86,005 shares in the company, valued at approximately $16,727,972.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP William F. Hackett sold 12,517 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $197.00, for a total value of $2,465,849.00. The disclosure for this sale can be found here. Insiders have sold a total of 84,291 shares of company stock worth $16,438,975 over the last 90 days. Insiders own 15.59% of the company’s stock.
Constellation Brands Inc (NYSE:STZ) traded up 3.81% during mid-day trading on Thursday, reaching $208.84. The company’s stock had a trading volume of 2,878,854 shares. Constellation Brands Inc has a one year low of $144.00 and a one year high of $213.40. The company has a market capitalization of $40.79 billion, a price-to-earnings ratio of 26.19 and a beta of 0.04. The stock has a 50-day moving average price of $200.44 and a 200-day moving average price of $186.43. Constellation Brands also saw unusually large options trading on Wednesday. Investors acquired 8,867 put options on the stock. This is an increase of 667% compared to the typical daily volume of 1,156 put options.
Constellation Brands (NYSE:STZ) last announced its quarterly earnings results on Thursday, October 5th. The company reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.17 by $0.30. Constellation Brands had a return on equity of 21.57% and a net margin of 19.94%. The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same period last year, the firm earned $1.77 EPS. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. Equities research analysts forecast that Constellation Brands Inc will post $8.18 EPS for the current year.
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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