Willingdon Wealth Management increased its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 5.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,860 shares of the company’s stock after purchasing an additional 1,294 shares during the period. Constellation Brands makes up approximately 1.1% of Willingdon Wealth Management’s investment portfolio, making the stock its 29th largest holding. Willingdon Wealth Management’s holdings in Constellation Brands were worth $4,896,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Versant Capital Management Inc lifted its holdings in Constellation Brands by 210.9% during the first quarter. Versant Capital Management Inc now owns 143 shares of the company’s stock worth $25,000 after acquiring an additional 97 shares in the last quarter. Mosaic Family Wealth LLC bought a new position in Constellation Brands during the first quarter worth about $27,000. Gradient Investments LLC lifted its holdings in Constellation Brands by 265.3% during the second quarter. Gradient Investments LLC now owns 179 shares of the company’s stock worth $35,000 after acquiring an additional 130 shares in the last quarter. Bay Harbor Wealth Management LLC bought a new position in Constellation Brands during the first quarter worth about $33,000. Finally, Global Retirement Partners LLC lifted its holdings in Constellation Brands by 74.4% during the first quarter. Global Retirement Partners LLC now owns 211 shares of the company’s stock worth $37,000 after acquiring an additional 90 shares in the last quarter. 71.37% of the stock is owned by institutional investors and hedge funds.
In other news, Vice Chairman Richard Sands sold 23,984 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $206.47, for a total value of $4,951,976.48. Following the completion of the transaction, the insider now directly owns 173,860 shares in the company, valued at approximately $35,896,874.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jeremy S. G. Fowden sold 10,213 shares of the stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $197.35, for a total value of $2,015,535.55. Following the completion of the transaction, the director now owns 27,630 shares of the company’s stock, valued at $5,452,780.50. The disclosure for this sale can be found here. Insiders sold a total of 62,083 shares of company stock valued at $12,675,054 over the last quarter. 15.86% of the stock is owned by corporate insiders.
Shares of STZ traded up $3.48 during trading hours on Tuesday, reaching $196.53. The stock had a trading volume of 857,414 shares, compared to its average volume of 951,017. Constellation Brands, Inc. has a 12 month low of $150.37 and a 12 month high of $228.91. The company has a market cap of $37.19 billion, a PE ratio of 21.18, a PEG ratio of 2.91 and a beta of 0.71. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.22 and a quick ratio of 0.71. The stock has a 50-day moving average price of $196.58.
Constellation Brands (NYSE:STZ) last announced its quarterly earnings results on Friday, June 28th. The company reported $2.21 EPS for the quarter, beating the Zacks’ consensus estimate of $2.06 by $0.15. Constellation Brands had a return on equity of 14.98% and a net margin of 27.38%. The company had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.07 billion. During the same period in the prior year, the company earned $2.20 EPS. Constellation Brands’s revenue was up 11.5% compared to the same quarter last year. On average, research analysts predict that Constellation Brands, Inc. will post 8.36 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 13th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date is Monday, August 12th. Constellation Brands’s payout ratio is 32.33%.
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. It provides beer primarily under the Corona Extra, Corona Light, Corona Premier, Corona Familiar Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands, as well as Funky Buddha, Four Corners, and Ballast Point brands.
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