AHL Partners LLP purchased a new stake in shares of Constellation Brands Inc (NYSE:STZ) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 15,651 shares of the company’s stock, valued at approximately $3,032,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. BlackRock Inc. lifted its position in Constellation Brands by 0.9% during the 2nd quarter. BlackRock Inc. now owns 11,708,547 shares of the company’s stock valued at $2,268,295,000 after acquiring an additional 103,312 shares during the period. Vanguard Group Inc. lifted its position in Constellation Brands by 3.2% during the 2nd quarter. Vanguard Group Inc. now owns 11,276,593 shares of the company’s stock valued at $2,184,613,000 after acquiring an additional 350,346 shares during the period. State Street Corp lifted its position in Constellation Brands by 0.5% during the 1st quarter. State Street Corp now owns 7,391,582 shares of the company’s stock valued at $1,197,945,000 after acquiring an additional 39,246 shares during the period. Egerton Capital UK LLP lifted its position in Constellation Brands by 9.3% during the 2nd quarter. Egerton Capital UK LLP now owns 2,717,567 shares of the company’s stock valued at $526,474,000 after acquiring an additional 231,984 shares during the period. Finally, Alliancebernstein L.P. lifted its position in Constellation Brands by 87.9% during the 2nd quarter. Alliancebernstein L.P. now owns 1,681,471 shares of the company’s stock valued at $325,751,000 after acquiring an additional 786,726 shares during the period. 74.96% of the stock is owned by institutional investors.

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In related news, Director Barry A. Fromberg sold 2,000 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 22,820 shares of the company’s stock, valued at approximately $4,471,122.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Christopher Stenzel sold 5,000 shares of the stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $196.75, for a total transaction of $983,750.00. Following the completion of the transaction, the executive vice president now directly owns 39,721 shares of the company’s stock, valued at $7,815,106.75. The disclosure for this sale can be found here. Insiders sold a total of 77,286 shares of company stock valued at $15,123,316 over the last ninety days. 15.59% of the stock is currently owned by insiders.

Shares of Constellation Brands Inc (STZ) opened at 207.96 on Wednesday. The stock has a 50 day moving average of $201.69 and a 200-day moving average of $187.91. Constellation Brands Inc has a 52 week low of $144.00 and a 52 week high of $213.40. The company has a market capitalization of $40.68 billion, a price-to-earnings ratio of 23.89 and a beta of 0.04.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Thursday, October 5th. The company reported $2.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.17 by $0.30. The firm had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.06 billion. Constellation Brands had a net margin of 22.04% and a return on equity of 22.88%. Constellation Brands’s revenue was up 3.1% on a year-over-year basis. During the same period last year, the firm posted $1.77 EPS. On average, analysts anticipate that Constellation Brands Inc will post $8.42 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 21st. Investors of record on Tuesday, November 7th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Monday, November 6th. Constellation Brands’s payout ratio is currently 26.03%.

A number of brokerages recently issued reports on STZ. Argus lifted their price target on shares of Constellation Brands from $194.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, July 5th. SunTrust Banks, Inc. reissued a “buy” rating and set a $230.00 price target on shares of Constellation Brands in a research report on Friday, October 6th. Evercore ISI reissued an “outperform” rating and set a $235.00 price target (up from $230.00) on shares of Constellation Brands in a research report on Friday, October 6th. Pivotal Research lifted their price target on shares of Constellation Brands from $250.00 to $265.00 and gave the company a “buy” rating in a research report on Thursday, October 5th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $220.00 price target (up from $205.00) on shares of Constellation Brands in a research report on Friday, June 30th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $216.00.

Constellation Brands 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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