Constellation Brands, Inc. (NYSE:STZ) Shares Sold by M&R Capital Management Inc.

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M&R Capital Management Inc. cut its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 34.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,690 shares of the company’s stock after selling 900 shares during the quarter. M&R Capital Management Inc.’s holdings in Constellation Brands were worth $320,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Constellation Brands by 0.8% in the second quarter. Vanguard Group Inc. now owns 12,696,199 shares of the company’s stock worth $2,221,201,000 after acquiring an additional 99,076 shares in the last quarter. Capital Research Global Investors increased its position in shares of Constellation Brands by 35.4% in the first quarter. Capital Research Global Investors now owns 12,313,886 shares of the company’s stock valued at $1,765,321,000 after buying an additional 3,217,357 shares in the last quarter. State Street Corp increased its position in shares of Constellation Brands by 0.8% in the first quarter. State Street Corp now owns 7,560,037 shares of the company’s stock valued at $1,083,807,000 after buying an additional 63,069 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Constellation Brands by 32.1% in the first quarter. Wellington Management Group LLP now owns 2,920,282 shares of the company’s stock valued at $418,651,000 after buying an additional 709,541 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Constellation Brands by 1.3% in the first quarter. Geode Capital Management LLC now owns 2,309,031 shares of the company’s stock valued at $330,292,000 after buying an additional 28,930 shares in the last quarter. Hedge funds and other institutional investors own 71.77% of the company’s stock.

NYSE STZ opened at $184.61 on Friday. The firm has a market capitalization of $35.60 billion, a P/E ratio of 1,025.67, a P/E/G ratio of 2.07 and a beta of 0.97. Constellation Brands, Inc. has a 1-year low of $104.28 and a 1-year high of $208.55. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.94 and a quick ratio of 1.18. The business’s 50-day simple moving average is $184.86 and its 200-day simple moving average is $170.53.

Constellation Brands (NYSE:STZ) last announced its earnings results on Thursday, October 1st. The company reported $2.76 EPS for the quarter, beating the consensus estimate of $2.51 by $0.25. The business had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.18 billion. Constellation Brands had a return on equity of 15.10% and a net margin of 0.62%. The company’s revenue was down 12.2% on a year-over-year basis. During the same period last year, the business posted $2.91 EPS. On average, equities research analysts expect that Constellation Brands, Inc. will post 8.92 EPS for the current fiscal year.

In other Constellation Brands news, Vice Chairman Richard Sands sold 151,404 shares of Constellation Brands stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $181.17, for a total transaction of $27,429,862.68. Following the sale, the insider now directly owns 301,280 shares in the company, valued at approximately $54,582,897.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Robert Sands sold 90,184 shares of Constellation Brands stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $181.20, for a total value of $16,341,340.80. Following the sale, the chairman now owns 644,719 shares in the company, valued at $116,823,082.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,052,364 shares of company stock worth $189,856,440. Company insiders own 15.77% of the company’s stock.

A number of research firms recently commented on STZ. HSBC increased their price objective on Constellation Brands from $147.00 to $170.00 and gave the company a “hold” rating in a research note on Thursday, July 2nd. Deutsche Bank increased their price objective on Constellation Brands from $176.00 to $185.00 and gave the company a “hold” rating in a research note on Thursday, July 2nd. Credit Suisse Group increased their price objective on Constellation Brands from $205.00 to $215.00 and gave the company an “outperform” rating in a research note on Thursday, July 2nd. Guggenheim increased their price objective on Constellation Brands from $149.00 to $159.00 and gave the company a “neutral” rating in a research note on Thursday, June 25th. Finally, MKM Partners increased their price objective on Constellation Brands from $147.00 to $151.00 in a research note on Monday, July 6th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $195.50.

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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