Macquarie Group Ltd. Acquires 586 Shares of Constellation Brands (STZ)

Macquarie Group Ltd. increased its holdings in shares of Constellation Brands (NYSE:STZ) by 52.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,700 shares of the company’s stock after buying an additional 586 shares during the period. Macquarie Group Ltd.’s holdings in Constellation Brands were worth $300,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of STZ. Bessemer Group Inc. raised its stake in shares of Constellation Brands by 153.1% during the fourth quarter. Bessemer Group Inc. now owns 529 shares of the company’s stock worth $121,000 after buying an additional 320 shares during the last quarter. Cerebellum GP LLC bought a new stake in shares of Constellation Brands during the fourth quarter worth approximately $134,000. Trustcore Financial Services LLC bought a new stake in shares of Constellation Brands during the fourth quarter worth approximately $142,000. Calton & Associates Inc. bought a new stake in shares of Constellation Brands during the fourth quarter worth approximately $153,000. Finally, Elite Wealth Management Inc. bought a new stake in shares of Constellation Brands during the fourth quarter worth approximately $206,000. 74.56% of the stock is owned by institutional investors and hedge funds.

In other news, EVP David Eric Klein sold 17,900 shares of the company’s stock in a transaction that occurred on Monday, April 2nd. The shares were sold at an average price of $228.43, for a total value of $4,088,897.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Barry A. Fromberg sold 2,005 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $220.42, for a total transaction of $441,942.10. Following the completion of the transaction, the director now owns 20,790 shares of the company’s stock, valued at approximately $4,582,531.80. The disclosure for this sale can be found here. Insiders sold 22,905 shares of company stock valued at $5,218,499 in the last quarter. Corporate insiders own 15.59% of the company’s stock.



A number of research firms recently weighed in on STZ. Royal Bank of Canada reissued a “buy” rating and set a $280.00 price target on shares of Constellation Brands in a research note on Monday, April 2nd. Cowen reissued a “buy” rating and set a $265.00 price target on shares of Constellation Brands in a research note on Friday, March 30th. Argus boosted their price target on shares of Constellation Brands to $260.00 and gave the stock a “buy” rating in a research note on Tuesday, April 3rd. Deutsche Bank boosted their price target on shares of Constellation Brands from $253.00 to $256.00 and gave the stock a “buy” rating in a research note on Friday, March 23rd. Finally, Zacks Investment Research raised shares of Constellation Brands from a “sell” rating to a “hold” rating in a research note on Monday, March 26th. Seven investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $245.77.

Constellation Brands stock opened at $223.89 on Friday. The company has a market capitalization of $43,897.37, a PE ratio of 25.68, a P/E/G ratio of 1.27 and a beta of 0.09. Constellation Brands has a twelve month low of $168.71 and a twelve month high of $231.83. The company has a quick ratio of 0.71, a current ratio of 1.79 and a debt-to-equity ratio of 1.17.

Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Thursday, March 29th. The company reported $1.90 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.74 by $0.16. The company had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.76 billion. Constellation Brands had a net margin of 27.85% and a return on equity of 22.28%. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.48 earnings per share. equities research analysts predict that Constellation Brands will post 9.68 EPS for the current fiscal year.

Constellation Brands declared that its Board of Directors has approved a stock buyback program on Friday, January 5th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 24th. Stockholders of record on Thursday, May 10th will be issued a $0.74 dividend. This represents a $2.96 annualized dividend and a dividend yield of 1.32%. The ex-dividend date is Wednesday, May 9th. This is a boost from Constellation Brands’s previous quarterly dividend of $0.52. Constellation Brands’s dividend payout ratio is 10.67%.

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Constellation Brands Company Profile

Constellation Brands, Inc, together with its subsidiaries, produces, imports, and markets beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company sells wine across various categories, including table wine, sparkling wine, and dessert wine. It offers beer primarily under the Corona Extra, Corona Light, Modelo Especial, Modelo Negra, and Pacifico brands; wine under the Black Box, Clos du Bois, Estancia, Franciscan Estate, Inniskillin, Kim Crawford, Mark West, Meiomi, Mount Veeder, Nobilo, Robert Mondavi, Ruffino, Saved, Simi, The Dreaming Tree, The Prisoner, Charles Smith, and Wild Horse brands; and sprits under the SVEDKA vodka, Black Velvet Canadian whisky, Casa Noble tequila, High West craft whisky brands.

Institutional Ownership by Quarter for Constellation Brands (NYSE:STZ)

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