Advisory Research Inc. Has $1,395,000 Position in Constellation Brands Inc (STZ)
Advisory Research Inc. continued to hold its stake in shares of Constellation Brands Inc (NYSE:STZ) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,605 shares of the company’s stock at the close of the second quarter. Advisory Research Inc.’s holdings in Constellation Brands were worth $1,395,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Oppenheimer Asset Management Inc. boosted its holdings in Constellation Brands by 50.3% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 577 shares of the company’s stock worth $112,000 after buying an additional 193 shares during the period. Harbour Capital Advisors LLC bought a new position in Constellation Brands in the 1st quarter worth $117,000. North Star Investment Management Corp. boosted its holdings in Constellation Brands by 11.6% in the 2nd quarter. North Star Investment Management Corp. now owns 748 shares of the company’s stock worth $145,000 after buying an additional 78 shares during the period. Hanson McClain Inc. boosted its holdings in Constellation Brands by 0.4% in the 2nd quarter. Hanson McClain Inc. now owns 772 shares of the company’s stock worth $149,000 after buying an additional 3 shares during the period. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its holdings in Constellation Brands by 609.1% in the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 780 shares of the company’s stock worth $151,000 after buying an additional 670 shares during the period. 74.96% of the stock is owned by institutional investors.
Constellation Brands (NYSE:STZ) last posted its earnings results on Thursday, October 5th. The company reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.17 by $0.30. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.06 billion. Constellation Brands had a net margin of 21.47% and a return on equity of 22.81%. Constellation Brands’s revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.77 EPS.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 21st. Shareholders of record on Tuesday, November 7th will be issued a $0.52 dividend. The ex-dividend date is Monday, November 6th. This represents a $2.08 annualized dividend and a yield of 1.00%. Constellation Brands’s payout ratio is 26.03%.
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Several research analysts have commented on the stock. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $198.00 price objective (down previously from $200.00) on shares of Constellation Brands in a report on Friday, June 23rd. Royal Bank Of Canada reissued a “buy” rating on shares of Constellation Brands in a report on Friday, June 16th. Stifel Nicolaus increased their price objective on shares of Constellation Brands from $201.00 to $216.00 and gave the company a “buy” rating in a report on Friday, June 30th. Argus increased their price objective on shares of Constellation Brands from $194.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, July 5th. Finally, BidaskClub downgraded shares of Constellation Brands from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Constellation Brands currently has an average rating of “Buy” and a consensus price target of $216.00.
In other news, Director Barry A. Fromberg sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $208.00, for a total value of $520,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider William A. Newlands sold 2,935 shares of the business’s stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $210.10, for a total transaction of $616,643.50. The disclosure for this sale can be found here. Insiders sold a total of 77,786 shares of company stock worth $15,251,456 over the last quarter. 15.59% of the stock is currently owned by company insiders.
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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