Andra AP fonden Raises Holdings in Constellation Brands Inc (NYSE:STZ)

Andra AP fonden increased its position in Constellation Brands Inc (NYSE:STZ) by 10.7% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 41,500 shares of the company’s stock after purchasing an additional 4,000 shares during the period. Andra AP fonden’s holdings in Constellation Brands were worth $8,277,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. raised its holdings in shares of Constellation Brands by 50.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 577 shares of the company’s stock valued at $112,000 after purchasing an additional 193 shares in the last quarter. North Star Investment Management Corp. raised its holdings in shares of Constellation Brands by 11.6% during the 2nd quarter. North Star Investment Management Corp. now owns 748 shares of the company’s stock valued at $145,000 after purchasing an additional 78 shares in the last quarter. Hanson McClain Inc. raised its holdings in shares of Constellation Brands by 0.4% during the 2nd quarter. Hanson McClain Inc. now owns 772 shares of the company’s stock valued at $149,000 after purchasing an additional 3 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its holdings in shares of Constellation Brands by 609.1% during the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 780 shares of the company’s stock valued at $151,000 after purchasing an additional 670 shares in the last quarter. Finally, Acrospire Investment Management LLC raised its holdings in Constellation Brands by 100.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 800 shares of the company’s stock worth $155,000 after acquiring an additional 400 shares during the period. 74.38% of the stock is owned by hedge funds and other institutional investors.

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Constellation Brands Inc (NYSE STZ) traded up $0.54 during trading hours on Monday, reaching $218.67. 672,100 shares of the company traded hands, compared to its average volume of 1,489,123. The firm has a market cap of $42,910.00, a P/E ratio of 26.50, a PEG ratio of 1.41 and a beta of 0.10. The company has a current ratio of 1.61, a quick ratio of 0.69 and a debt-to-equity ratio of 1.01. Constellation Brands Inc has a twelve month low of $144.00 and a twelve month high of $219.56.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Thursday, October 5th. The company reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.17 by $0.30. Constellation Brands had a net margin of 21.47% and a return on equity of 22.81%. The company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.06 billion. During the same quarter in the previous year, the business posted $1.77 EPS. Constellation Brands’s revenue for the quarter was up 3.1% compared to the same quarter last year. equities analysts predict that Constellation Brands Inc will post 8.43 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 21st. Investors of record on Tuesday, November 7th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Monday, November 6th. Constellation Brands’s payout ratio is currently 26.60%.

In related news, VP Thomas J. Mullin sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $209.45, for a total value of $10,472,500.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Thomas J. Mullin sold 18,227 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $217.01, for a total transaction of $3,955,441.27. Following the completion of the transaction, the vice president now owns 72,924 shares in the company, valued at $15,825,237.24. The disclosure for this sale can be found here. Insiders have sold a total of 86,179 shares of company stock worth $18,030,434 over the last ninety days. Insiders own 15.59% of the company’s stock.

STZ has been the topic of several research analyst reports. Royal Bank Of Canada restated a “buy” rating and issued a $226.00 price target on shares of Constellation Brands in a research report on Sunday. Wells Fargo & Company reiterated an “outperform” rating and set a $216.00 target price (up from $215.00) on shares of Constellation Brands in a research report on Saturday, July 22nd. Cowen and Company reiterated a “buy” rating and set a $230.00 target price on shares of Constellation Brands in a research report on Thursday, August 3rd. Pivotal Research lifted their target price on shares of Constellation Brands from $250.00 to $265.00 and gave the company a “buy” rating in a research report on Thursday, October 5th. Finally, Susquehanna Bancshares Inc reiterated a “neutral” rating and set a $193.00 target price (up from $169.00) on shares of Constellation Brands in a research report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $216.00.

About Constellation Brands

Constellation Brands, Inc is an international beverage alcohol company. The Company is a producer and marketer of beer, wine and spirits with operations in the United States, Canada, Mexico, New Zealand and Italy. Its segments include Beer, Wine and Spirits, and Corporate Operations and Other. It is a multi-category supplier (beer, wine and spirits) of beverage alcohol in the United States.

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

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