Occidental Asset Management LLC Acquires 543 Shares of Constellation Brands, Inc. (NYSE:STZ)

Occidental Asset Management LLC lifted its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 20.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,239 shares of the company’s stock after purchasing an additional 543 shares during the quarter. Occidental Asset Management LLC’s holdings in Constellation Brands were worth $638,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in STZ. BlackRock Inc. increased its stake in Constellation Brands by 14.7% in the first quarter. BlackRock Inc. now owns 13,545,436 shares of the company’s stock valued at $2,374,922,000 after acquiring an additional 1,734,902 shares during the last quarter. Janus Henderson Group PLC increased its stake in Constellation Brands by 11.4% in the second quarter. Janus Henderson Group PLC now owns 2,363,365 shares of the company’s stock valued at $465,445,000 after acquiring an additional 242,621 shares during the last quarter. Jackson Square Partners LLC bought a new position in Constellation Brands in the first quarter valued at approximately $395,015,000. Geode Capital Management LLC increased its stake in Constellation Brands by 6.6% in the fourth quarter. Geode Capital Management LLC now owns 1,937,070 shares of the company’s stock valued at $310,909,000 after acquiring an additional 120,139 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in Constellation Brands by 3.4% in the first quarter. Wells Fargo & Company MN now owns 1,577,086 shares of the company’s stock valued at $276,510,000 after acquiring an additional 52,412 shares during the last quarter. 71.37% of the stock is currently owned by institutional investors.

A number of research analysts recently issued reports on the stock. Jefferies Financial Group lifted their price objective on shares of Constellation Brands from $264.00 to $274.00 and gave the company a “buy” rating in a research note on Monday, July 1st. Macquarie set a $220.00 price objective on shares of Constellation Brands and gave the company a “hold” rating in a research note on Wednesday, June 5th. Evercore ISI set a $220.00 price objective on shares of Constellation Brands and gave the company a “buy” rating in a research note on Friday, August 9th. Citigroup set a $210.00 price objective on shares of Constellation Brands and gave the company a “hold” rating in a research note on Monday, July 1st. Finally, SunTrust Banks lifted their price objective on shares of Constellation Brands from $180.00 to $190.00 and gave the company a “hold” rating in a research note on Monday, July 1st. Ten equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $223.83.



Shares of NYSE:STZ traded up $0.54 during mid-day trading on Thursday, reaching $193.90. 598,127 shares of the company’s stock were exchanged, compared to its average volume of 944,738. The firm has a market cap of $36.99 billion, a price-to-earnings ratio of 20.89, a price-to-earnings-growth ratio of 2.89 and a beta of 0.71. The firm’s fifty day simple moving average is $197.04. The company has a quick ratio of 0.71, a current ratio of 1.22 and a debt-to-equity ratio of 0.94. Constellation Brands, Inc. has a twelve month low of $150.37 and a twelve month high of $228.91.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings results on Friday, June 28th. The company reported $2.21 EPS for the quarter, topping analysts’ consensus estimates of $2.06 by $0.15. The company had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.07 billion. Constellation Brands had a net margin of 27.38% and a return on equity of 14.98%. Constellation Brands’s revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.20 earnings per share. Sell-side analysts anticipate that Constellation Brands, Inc. will post 8.36 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 13th will be issued a dividend of $0.75 per share. The ex-dividend date is Monday, August 12th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.55%. Constellation Brands’s dividend payout ratio (DPR) is presently 32.33%.

In related news, Director Jeremy S. G. Fowden sold 10,213 shares of the business’s 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 transaction, the director now owns 27,630 shares in the company, valued at $5,452,780.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CMO James A. Jr. Sabia sold 4,275 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $194.70, for a total transaction of $832,342.50. Following the completion of the transaction, the chief marketing officer now owns 43,494 shares in the company, valued at approximately $8,468,281.80. The disclosure for this sale can be found here. 15.86% of the stock is currently owned by insiders.

About Constellation Brands

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

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