Green Square Capital LLC cut its stake in shares of Constellation Brands Inc (NYSE:STZ) by 32.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,184 shares of the company’s stock after selling 1,498 shares during the quarter. Green Square Capital LLC’s holdings in Constellation Brands were worth $617,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of STZ. Schroder Investment Management Group acquired a new stake in shares of Constellation Brands during the first quarter worth $306,000. Neuberger Berman Group LLC lifted its holdings in shares of Constellation Brands by 3.4% during the first quarter. Neuberger Berman Group LLC now owns 39,775 shares of the company’s stock worth $6,446,000 after purchasing an additional 1,306 shares during the period. Gilder Gagnon Howe & Co. LLC lifted its holdings in shares of Constellation Brands by 55.5% during the first quarter. Gilder Gagnon Howe & Co. LLC now owns 51,729 shares of the company’s stock worth $8,384,000 after purchasing an additional 18,462 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of Constellation Brands by 203.6% during the first quarter. Alliancebernstein L.P. now owns 894,745 shares of the company’s stock worth $145,011,000 after purchasing an additional 600,001 shares during the period. Finally, Boston Private Wealth LLC lifted its holdings in shares of Constellation Brands by 9.4% during the first quarter. Boston Private Wealth LLC now owns 7,066 shares of the company’s stock worth $1,145,000 after purchasing an additional 607 shares during the period. 74.96% of the stock is owned by hedge funds and other institutional investors.

In other news, EVP Christopher Stenzel sold 5,000 shares of the company’s stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $196.75, for a total value of $983,750.00. Following the completion of the sale, the executive vice president now owns 39,721 shares in the company, valued at $7,815,106.75. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Barry A. Fromberg sold 2,000 shares of the company’s stock in a transaction on Thursday, July 13th. The shares were sold at an average price of $195.93, for a total value of $391,860.00. Following the completion of the sale, the director now owns 22,820 shares of the company’s stock, valued at approximately $4,471,122.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 79,351 shares of company stock valued at $15,484,172. Insiders own 15.59% of the company’s stock.

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Shares of Constellation Brands Inc (NYSE:STZ) traded up 0.41% on Friday, hitting $210.11. The stock had a trading volume of 1,776,910 shares. Constellation Brands Inc has a 12-month low of $144.00 and a 12-month high of $213.40. The firm has a market cap of $41.06 billion, a P/E ratio of 24.14 and a beta of 0.04. The company’s 50-day moving average price is $201.11 and its 200 day moving average price is $186.94.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Thursday, October 5th. The company reported $2.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.17 by $0.30. The business 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 22.88% and a net margin of 22.04%. The company’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.77 earnings per share. On average, equities research analysts forecast that Constellation Brands Inc will post $8.18 earnings per share for the current fiscal year.

STZ has been the subject of several recent research reports. Morgan Stanley increased their price target on Constellation Brands from $204.00 to $218.00 and gave the stock an “overweight” rating in a report on Monday, July 3rd. Macquarie initiated coverage on Constellation Brands in a report on Thursday, September 14th. They set an “outperform” rating and a $227.00 price target for the company. BidaskClub raised Constellation Brands from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $220.00 price target on shares of Constellation Brands in a report on Wednesday, August 2nd. Finally, Susquehanna Bancshares Inc set a $200.00 price target on Constellation Brands and gave the stock a “hold” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Constellation Brands currently has an average rating of “Buy” and a consensus target price of $213.84.

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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