First Allied Advisory Services Inc. Has $693,000 Holdings in Constellation Brands, Inc. (STZ)
First Allied Advisory Services Inc. reduced its stake in Constellation Brands, Inc. (NYSE:STZ) by 15.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,465 shares of the company’s stock after selling 633 shares during the quarter. First Allied Advisory Services Inc.’s holdings in Constellation Brands were worth $693,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of STZ. Oppenheimer Asset Management Inc. grew 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 valued at $112,000 after buying an additional 193 shares in the last quarter. Hanson McClain Inc. grew its holdings in Constellation Brands by 0.4% in the 2nd quarter. Hanson McClain Inc. now owns 772 shares of the company’s stock valued at $149,000 after buying an additional 3 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. grew 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 valued at $151,000 after buying an additional 670 shares in the last quarter. Acrospire Investment Management LLC grew its holdings in Constellation Brands by 100.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 800 shares of the company’s stock valued at $155,000 after buying an additional 400 shares in the last quarter. Finally, MPS Loria Financial Planners LLC purchased a new stake in Constellation Brands in the 2nd quarter valued at $157,000. Institutional investors own 75.04% of the company’s stock.
In related news, VP Thomas J. Mullin sold 18,227 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $217.01, for a total transaction of $3,955,441.27. Following the completion of the transaction, the vice president now directly owns 72,924 shares in the company, valued at approximately $15,825,237.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Barry A. Fromberg sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $208.00, for a total value of $520,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 73,662 shares of company stock valued at $15,564,585 over the last 90 days. 15.59% of the stock is currently owned by company insiders.
Shares of Constellation Brands, Inc. (NYSE:STZ) traded up $0.64 during trading on Wednesday, reaching $220.01. The company had a trading volume of 1,694,200 shares, compared to its average volume of 1,456,138. Constellation Brands, Inc. has a 12 month low of $144.00 and a 12 month high of $227.20. The stock has a market cap of $42,910.30, a PE ratio of 26.59, a price-to-earnings-growth ratio of 1.41 and a beta of 0.08. The company has a quick ratio of 0.69, a current ratio of 1.61 and a debt-to-equity ratio of 1.01.
Constellation Brands (NYSE:STZ) last announced its earnings results on Thursday, October 5th. The company reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $2.17 by $0.30. Constellation Brands had a return on equity of 22.81% and a net margin of 21.47%. The company had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same period last year, the business posted $1.77 EPS. Constellation Brands’s revenue for the quarter was up 3.1% on a year-over-year basis. equities research analysts anticipate that Constellation Brands, Inc. will post 8.43 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, November 21st. Investors of record on Tuesday, November 7th were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend was Monday, November 6th. Constellation Brands’s dividend payout ratio (DPR) is 10.67%.
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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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