Commonwealth Bank of Australia lifted its holdings in Constellation Brands Inc (NYSE:STZ) by 7.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,497 shares of the company’s stock after acquiring an additional 395 shares during the period. Commonwealth Bank of Australia’s holdings in Constellation Brands were worth $1,087,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the company. WINTON GROUP Ltd increased its position in Constellation Brands by 78.3% in the 3rd quarter. WINTON GROUP Ltd now owns 19,172 shares of the company’s stock valued at $3,824,000 after buying an additional 8,422 shares in the last quarter. Zeke Capital Advisors LLC increased its position in Constellation Brands by 154.1% in the 3rd quarter. Zeke Capital Advisors LLC now owns 3,685 shares of the company’s stock valued at $735,000 after buying an additional 2,235 shares in the last quarter. Amalgamated Bank increased its position in Constellation Brands by 2.2% in the 3rd quarter. Amalgamated Bank now owns 19,667 shares of the company’s stock valued at $3,923,000 after buying an additional 432 shares in the last quarter. Dai Ichi Life Insurance Company Ltd boosted its stake in Constellation Brands by 231.4% during the 3rd quarter. Dai Ichi Life Insurance Company Ltd now owns 31,770 shares of the company’s stock valued at $6,337,000 after purchasing an additional 22,184 shares during the last quarter. Finally, Iberiabank Corp boosted its stake in Constellation Brands by 10.7% during the 3rd quarter. Iberiabank Corp now owns 13,339 shares of the company’s stock valued at $2,660,000 after purchasing an additional 1,286 shares during the last quarter. 75.04% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have issued reports on STZ shares. BidaskClub upgraded Constellation Brands from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 18th. Macquarie started coverage on Constellation Brands in a research note on Thursday, September 14th. They set an “outperform” rating and a $227.00 price target for the company. Susquehanna Bancshares reiterated a “neutral” rating and set a $193.00 price target (up previously from $169.00) on shares of Constellation Brands in a research note on Monday, October 2nd. Pivotal Research lifted their price target on Constellation Brands from $250.00 to $265.00 and gave the company a “buy” rating in a research note on Thursday, October 5th. Finally, SunTrust Banks reiterated a “buy” rating and set a $230.00 price target on shares of Constellation Brands in a research note on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $216.00.

Constellation Brands Inc (NYSE:STZ) traded up $0.48 during trading on Wednesday, hitting $216.82. 1,123,600 shares of the stock traded hands, compared to its average volume of 1,460,566. The company has a market capitalization of $42,317.62, a PE ratio of 26.22, a P/E/G ratio of 1.39 and a beta of 0.08. Constellation Brands Inc has a 52-week low of $144.00 and a 52-week high of $227.20. The company has a current ratio of 1.61, a quick ratio of 0.69 and a debt-to-equity ratio of 1.01.

Constellation Brands (NYSE:STZ) last released 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. The firm had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.06 billion. Constellation Brands had a net margin of 21.47% and a return on equity of 22.81%. The business’s quarterly 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. equities research analysts forecast that Constellation Brands Inc will post 8.43 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 21st. Shareholders of record on Tuesday, November 7th were given a dividend of $0.52 per share. The ex-dividend date was Monday, November 6th. This represents a $2.08 annualized dividend and a yield of 0.96%. Constellation Brands’s payout ratio is 23.85%.

In related news, VP Thomas J. Mullin sold 18,227 shares of the stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $217.01, for a total value of $3,955,441.27. Following the completion of the transaction, the vice president now directly owns 72,924 shares of the company’s stock, valued at $15,825,237.24. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Thomas J. Mullin sold 50,000 shares of the stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $209.45, for a total transaction of $10,472,500.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 73,662 shares of company stock valued at $15,564,585. 15.59% of the stock is currently owned by company insiders.

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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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