Bokf Na Grows Holdings in Constellation Brands, Inc. (STZ)

Bokf Na boosted its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 197.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,970 shares of the company’s stock after purchasing an additional 5,958 shares during the quarter. Bokf Na’s holdings in Constellation Brands were worth $1,443,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. HC Financial Advisors Inc. raised its holdings in shares of Constellation Brands by 11.7% in the third quarter. HC Financial Advisors Inc. now owns 5,810 shares of the company’s stock valued at $1,253,000 after purchasing an additional 610 shares during the last quarter. Fort Washington Investment Advisors Inc. OH raised its holdings in shares of Constellation Brands by 148.6% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 2,705 shares of the company’s stock valued at $583,000 after purchasing an additional 1,617 shares during the last quarter. Candriam Luxembourg S.C.A. raised its holdings in shares of Constellation Brands by 2.3% in the third quarter. Candriam Luxembourg S.C.A. now owns 12,684 shares of the company’s stock valued at $2,735,000 after purchasing an additional 280 shares during the last quarter. Commonwealth Bank of Australia raised its holdings in shares of Constellation Brands by 6.0% in the third quarter. Commonwealth Bank of Australia now owns 7,114 shares of the company’s stock valued at $1,528,000 after purchasing an additional 400 shares during the last quarter. Finally, Norinchukin Bank The raised its holdings in shares of Constellation Brands by 13.4% in the third quarter. Norinchukin Bank The now owns 21,591 shares of the company’s stock valued at $4,655,000 after purchasing an additional 2,554 shares during the last quarter. 72.57% of the stock is currently owned by institutional investors and hedge funds.

STZ stock opened at $170.45 on Friday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.08 and a quick ratio of 0.43. Constellation Brands, Inc. has a one year low of $150.37 and a one year high of $236.62. The firm has a market cap of $32.36 billion, a price-to-earnings ratio of 19.55, a P/E/G ratio of 1.99 and a beta of 0.45.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Wednesday, January 9th. The company reported $2.37 EPS for the quarter, topping the Zacks’ consensus estimate of $2.04 by $0.33. Constellation Brands had a net margin of 35.27% and a return on equity of 17.62%. The firm had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same period in the previous year, the business posted $2.00 earnings per share. The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Constellation Brands, Inc. will post 9.17 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 26th. Shareholders of record on Tuesday, February 12th were given a dividend of $0.74 per share. The ex-dividend date of this dividend was Monday, February 11th. This represents a $2.96 dividend on an annualized basis and a yield of 1.74%. Constellation Brands’s dividend payout ratio (DPR) is 10.67%.

In other Constellation Brands news, Director Barry A. Fromberg sold 810 shares of Constellation Brands stock in a transaction on Friday, February 1st. The shares were sold at an average price of $173.05, for a total transaction of $140,170.50. Following the completion of the transaction, the director now directly owns 20,550 shares of the company’s stock, valued at $3,556,177.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Barry A. Fromberg sold 1,500 shares of Constellation Brands stock in a transaction on Friday, February 15th. The stock was sold at an average price of $174.72, for a total transaction of $262,080.00. Following the transaction, the director now directly owns 18,240 shares of the company’s stock, valued at $3,186,892.80. The disclosure for this sale can be found here. Insiders own 15.80% of the company’s stock.

A number of analysts have recently issued reports on STZ shares. Pivotal Research reiterated a “buy” rating and issued a $265.00 price objective (down from $300.00) on shares of Constellation Brands in a report on Wednesday, January 9th. Jefferies Financial Group reiterated a “buy” rating and issued a $289.00 price objective on shares of Constellation Brands in a report on Friday, December 7th. Zacks Investment Research upgraded shares of Constellation Brands from a “hold” rating to a “buy” rating and set a $222.00 price objective on the stock in a report on Wednesday, December 5th. Morgan Stanley set a $246.00 price objective on shares of Constellation Brands and gave the company a “buy” rating in a report on Thursday, December 20th. Finally, HSBC upgraded shares of Constellation Brands from a “hold” rating to a “buy” rating in a report on Monday, January 7th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, eight have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $227.52.

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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. The company sells wine across various categories, including table wine, sparkling wine, and dessert wine. It provides beer primarily under the Corona Extra, Corona Light, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands, as well as Funky Buddha, Obregon Brewery, and Ballast Point brands.

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

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