Constellation Brands, Inc. (STZ) Position Raised by Terra Nova Asset Management LLC

Terra Nova Asset Management LLC boosted its position in Constellation Brands, Inc. (NYSE:STZ) by 26.9% in the 4th quarter, Holdings Channel reports. The firm owned 5,831 shares of the company’s stock after acquiring an additional 1,235 shares during the period. Constellation Brands makes up about 2.5% of Terra Nova Asset Management LLC’s portfolio, making the stock its 21st largest position. Terra Nova Asset Management LLC’s holdings in Constellation Brands were worth $938,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in Constellation Brands by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 12,013,148 shares of the company’s stock valued at $2,590,276,000 after purchasing an additional 30,782 shares during the last quarter. Vanguard Group Inc lifted its stake in Constellation Brands by 0.3% in the 3rd quarter. Vanguard Group Inc now owns 12,013,148 shares of the company’s stock valued at $2,590,276,000 after purchasing an additional 30,782 shares during the last quarter. Capital World Investors lifted its stake in Constellation Brands by 3.4% in the 3rd quarter. Capital World Investors now owns 4,054,750 shares of the company’s stock valued at $874,285,000 after purchasing an additional 133,500 shares during the last quarter. Geode Capital Management LLC lifted its stake in Constellation Brands by 6.6% in the 4th quarter. Geode Capital Management LLC now owns 1,937,070 shares of the company’s stock valued at $310,909,000 after purchasing an additional 120,139 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Constellation Brands by 3.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,866,918 shares of the company’s stock valued at $402,545,000 after purchasing an additional 59,594 shares during the last quarter. Institutional investors and hedge funds own 73.09% of the company’s stock.

In other news, Director Barry A. Fromberg sold 810 shares of the firm’s stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $173.05, for a total transaction of $140,170.50. Following the transaction, the director now directly owns 20,550 shares of the company’s stock, valued at $3,556,177.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Barry A. Fromberg sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $174.72, for a total transaction of $262,080.00. Following the transaction, the director now directly owns 18,240 shares in the company, valued at $3,186,892.80. The disclosure for this sale can be found here. 15.80% of the stock is currently owned by company insiders.



STZ has been the subject of several research reports. Macquarie downgraded shares of Constellation Brands from an “outperform” rating to a “neutral” rating and set a $210.00 price objective for the company. in a research report on Thursday, November 29th. Zacks Investment Research upgraded shares of Constellation Brands from a “hold” rating to a “buy” rating and set a $222.00 price objective for the company in a research report on Wednesday, December 5th. Jefferies Financial Group restated a “buy” rating and set a $289.00 price objective on shares of Constellation Brands in a research report on Friday, December 7th. UBS Group initiated coverage on shares of Constellation Brands in a research report on Thursday, December 13th. They set a “neutral” rating and a $209.00 price objective for the company. Finally, OTR Global downgraded shares of Constellation Brands to a “positive” rating in a research report on Tuesday, December 18th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $227.52.

Shares of STZ traded down $2.34 during mid-day trading on Monday, hitting $167.19. 12,225 shares of the company’s stock were exchanged, compared to its average volume of 1,609,819. Constellation Brands, Inc. has a 52 week low of $150.37 and a 52 week high of $236.62. The stock has a market capitalization of $31.94 billion, a PE ratio of 19.19, a P/E/G ratio of 2.02 and a beta of 0.45. The company has a current ratio of 1.08, a quick ratio of 0.43 and a debt-to-equity ratio of 1.02.

Constellation Brands (NYSE:STZ) last announced its earnings results on Wednesday, January 9th. The company reported $2.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.04 by $0.33. Constellation Brands had a net margin of 35.27% and a return on equity of 17.62%. The company had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $1.91 billion. During the same period last year, the firm earned $2.00 earnings per share. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. Equities research analysts predict that Constellation Brands, Inc. will post 9.16 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 26th. Stockholders of record on Tuesday, February 12th were issued a dividend of $0.74 per share. The ex-dividend date was Monday, February 11th. This represents a $2.96 annualized dividend and a dividend yield of 1.77%. Constellation Brands’s dividend payout ratio is presently 33.94%.

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Constellation Brands 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 provides beer primarily under the Corona Extra, Corona Light, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands, as well as Funky Buddha, Obregon Brewery, and Ballast Point brands.

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

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