Burns J W & Co. Inc. NY grew its holdings in Constellation Brands, Inc. (NYSE:STZ) by 4.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 12,770 shares of the company’s stock after buying an additional 515 shares during the quarter. Burns J W & Co. Inc. NY’s holdings in Constellation Brands were worth $2,647,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the company. Mosaic Family Wealth LLC acquired a new stake in Constellation Brands in the first quarter worth $27,000. Meeder Asset Management Inc. increased its holdings in shares of Constellation Brands by 2,750.0% during the second quarter. Meeder Asset Management Inc. now owns 171 shares of the company’s stock valued at $34,000 after purchasing an additional 165 shares during the period. Gradient Investments LLC boosted its stake in Constellation Brands by 265.3% during the second quarter. Gradient Investments LLC now owns 179 shares of the company’s stock valued at $35,000 after buying an additional 130 shares in the last quarter. Next Capital Management LLC bought a new position in Constellation Brands during the second quarter valued at about $35,000. Finally, Meridian Wealth Management LLC bought a new position in Constellation Brands during the first quarter valued at about $39,000. Institutional investors and hedge funds own 72.10% of the company’s stock.
A number of research firms recently weighed in on STZ. HSBC set a $235.00 price target on Constellation Brands and gave the company a “buy” rating in a research report on Tuesday, September 17th. SunTrust Banks raised their price target on Constellation Brands from $180.00 to $190.00 and gave the stock a “hold” rating in a research note on Monday, July 1st. Bank of America set a $221.00 price objective on Constellation Brands and gave the company a “buy” rating in a research note on Monday, July 1st. Citigroup set a $210.00 price objective on Constellation Brands and gave the company a “hold” rating in a research note on Monday, July 1st. Finally, TheStreet lowered Constellation Brands from a “b” rating to a “c+” rating in a report on Thursday, October 3rd. Ten analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $223.76.
NYSE:STZ traded up $0.63 during trading hours on Friday, reaching $193.34. 35,666 shares of the company were exchanged, compared to its average volume of 1,333,865. The company has a market capitalization of $37.07 billion, a P/E ratio of 20.86, a P/E/G ratio of 2.84 and a beta of 0.69. Constellation Brands, Inc. has a 1-year low of $150.37 and a 1-year high of $228.49. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.61 and a quick ratio of 1.01. The business has a 50 day moving average of $202.73 and a 200 day moving average of $196.73.
Constellation Brands (NYSE:STZ) last issued its quarterly earnings results on Thursday, October 3rd. The company reported $2.72 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.60 by $0.12. The business had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.34 billion. Constellation Brands had a return on equity of 14.66% and a net margin of 8.59%. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.87 earnings per share. As a group, equities research analysts anticipate that Constellation Brands, Inc. will post 8.45 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date is Thursday, November 7th. Constellation Brands’s dividend payout ratio is presently 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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