Syntal Capital Partners LLC acquired a new position in Constellation Brands, Inc. (NYSE:STZ) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 6,801 shares of the company’s stock, valued at approximately $1,554,000.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. increased its stake in 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 buying an additional 193 shares during the period. Valeo Financial Advisors LLC acquired a new position in Constellation Brands during the 3rd quarter valued at about $153,000. MPS Loria Financial Planners LLC acquired a new position in Constellation Brands during the 2nd quarter valued at about $157,000. BB&T Investment Services Inc. acquired a new position in Constellation Brands during the 2nd quarter valued at about $179,000. Finally, Mackenzie Financial Corp acquired a new position in Constellation Brands during the 3rd quarter valued at about $202,000. 74.96% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have commented on the stock. Susquehanna Bancshares set a $207.00 target price on shares of Constellation Brands and gave the company a “hold” rating in a research note on Monday, January 1st. Wells Fargo & Co raised their target price on shares of Constellation Brands from $235.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, January 4th. Macquarie lifted their price objective on shares of Constellation Brands from $246.00 to $250.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 3rd. Zacks Investment Research raised shares of Constellation Brands from a “hold” rating to a “buy” rating and set a $249.00 price objective on the stock in a research note on Monday, December 18th. Finally, Barclays started coverage on shares of Constellation Brands in a research note on Wednesday, January 10th. They issued an “overweight” rating and a $255.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $229.00.
Constellation Brands, Inc. (NYSE:STZ) traded down $1.93 during mid-day trading on Thursday, hitting $217.29. 1,905,142 shares of the company traded hands, compared to its average volume of 3,476,509. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.54 and a current ratio of 1.40. The firm has a market capitalization of $42,520.00, a PE ratio of 26.40, a P/E/G ratio of 1.34 and a beta of 0.08. Constellation Brands, Inc. has a twelve month low of $146.99 and a twelve month high of $229.50.
Constellation Brands (NYSE:STZ) last posted its quarterly earnings results on Friday, January 5th. The company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.87 by $0.13. The business had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Constellation Brands had a net margin of 22.55% and a return on equity of 22.04%. During the same period last year, the company posted $1.96 earnings per share. analysts predict that Constellation Brands, Inc. will post 8.53 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Friday, February 9th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Thursday, February 8th. Constellation Brands’s dividend payout ratio is currently 11.30%.
Constellation Brands announced that its board has approved a stock repurchase program on Friday, January 5th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its stock is undervalued.
In related news, VP Thomas J. Mullin sold 18,227 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $217.01, for a total transaction of $3,955,441.27. Following the completion of the sale, the vice president now directly owns 72,924 shares in the company, valued at $15,825,237.24. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 15.59% of the company’s stock.
Constellation Brands Company Profile
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.
Want to see what other hedge funds are holding STZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Constellation Brands, Inc. (NYSE:STZ).
Receive News & Ratings for Constellation Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Constellation Brands and related companies with MarketBeat.com's FREE daily email newsletter.