Cozad Asset Management Inc. boosted its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 0.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,288 shares of the company’s stock after buying an additional 160 shares during the period. Constellation Brands makes up 1.5% of Cozad Asset Management Inc.’s holdings, making the stock its 15th largest position. Cozad Asset Management Inc.’s holdings in Constellation Brands were worth $4,388,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in the stock. Cullinan Associates Inc. increased its position in Constellation Brands by 75.1% during the 4th quarter. Cullinan Associates Inc. now owns 13,563 shares of the company’s stock valued at $2,181,000 after buying an additional 5,817 shares in the last quarter. Carroll Financial Associates Inc. increased its position in Constellation Brands by 132.0% during the 4th quarter. Carroll Financial Associates Inc. now owns 283 shares of the company’s stock valued at $48,000 after buying an additional 161 shares in the last quarter. First Hawaiian Bank increased its position in Constellation Brands by 294.9% during the 4th quarter. First Hawaiian Bank now owns 5,560 shares of the company’s stock valued at $894,000 after buying an additional 4,152 shares in the last quarter. Cerebellum GP LLC acquired a new position in Constellation Brands during the 4th quarter valued at about $238,000. Finally, Retirement Systems of Alabama increased its position in Constellation Brands by 52.7% during the 4th quarter. Retirement Systems of Alabama now owns 170,112 shares of the company’s stock valued at $27,357,000 after buying an additional 58,700 shares in the last quarter. 72.56% of the stock is currently owned by institutional investors.
Several research analysts recently issued reports on STZ shares. Morgan Stanley set a $246.00 target price on Constellation Brands and gave the company a “buy” rating in a research report on Thursday, December 20th. Zacks Investment Research raised 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. Jefferies Financial Group reissued a “buy” rating and issued a $289.00 price objective on shares of Constellation Brands in a report on Friday, December 7th. Susquehanna Bancshares cut their price objective on Constellation Brands from $171.00 to $165.00 and set a “negative” rating on the stock in a report on Monday, October 1st. Finally, Bank of America increased their price objective on Constellation Brands from $235.00 to $240.00 and gave the company a “buy” rating in a report on Friday, October 5th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the stock. Constellation Brands presently has an average rating of “Buy” and a consensus price target of $228.09.
In other news, Chairman Richard Sands sold 148,773 shares of the firm’s stock in a transaction that occurred on Monday, October 22nd. The stock was sold at an average price of $223.69, for a total value of $33,279,032.37. Following the transaction, the chairman now owns 346,525 shares in the company, valued at $77,514,177.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Thomas Michael Kane sold 4,419 shares of the firm’s stock in a transaction that occurred on Friday, October 19th. The shares were sold at an average price of $223.83, for a total value of $989,104.77. Following the completion of the transaction, the vice president now owns 8,499 shares in the company, valued at approximately $1,902,331.17. The disclosure for this sale can be found here. Insiders have sold 578,723 shares of company stock worth $129,438,449 in the last quarter. 15.80% of the stock is currently owned by company insiders.
STZ stock traded down $0.21 during mid-day trading on Monday, reaching $159.00. 1,056,843 shares of the company’s stock were exchanged, compared to its average volume of 5,391,411. The company has a market capitalization of $28.60 billion, a P/E ratio of 18.23, a P/E/G ratio of 1.57 and a beta of 0.38. The company has a current ratio of 1.66, a quick ratio of 0.76 and a debt-to-equity ratio of 0.80. Constellation Brands, Inc. has a 12-month low of $150.37 and a 12-month high of $236.62.
Constellation Brands (NYSE:STZ) last issued its quarterly earnings results on Wednesday, January 9th. The company reported $2.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.33. The company had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.91 billion. Constellation Brands had a return on equity of 18.27% and a net margin of 35.27%. Constellation Brands’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.00 earnings per share. On average, research analysts predict that Constellation Brands, Inc. will post 9.25 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 26th. Shareholders of record on Tuesday, February 12th will be given a dividend of $0.74 per share. The ex-dividend date of this dividend is Monday, February 11th. This represents a $2.96 dividend on an annualized basis and a yield of 1.86%. Constellation Brands’s dividend payout ratio is currently 10.67%.
Constellation Brands Company 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.
Featured Story: Why is the LIBOR significant?
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.