Cypress Capital Management LLC WY continued to hold its position in shares of Constellation Brands Inc (NYSE:STZ) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,123 shares of the company’s stock at the end of the second quarter. Constellation Brands accounts for 1.4% of Cypress Capital Management LLC WY’s portfolio, making the stock its 17th largest position. Cypress Capital Management LLC WY’s holdings in Constellation Brands were worth $1,186,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Thrivent Financial for Lutherans boosted its stake in Constellation Brands by 6.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 6,210 shares of the company’s stock valued at $952,000 after buying an additional 380 shares during the period. UBS Asset Management Americas Inc. boosted its stake in Constellation Brands by 7.9% in the fourth quarter. UBS Asset Management Americas Inc. now owns 430,341 shares of the company’s stock valued at $65,976,000 after buying an additional 31,510 shares during the period. Kentucky Retirement Systems purchased a new stake in Constellation Brands during the fourth quarter valued at approximately $1,977,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in Constellation Brands during the fourth quarter valued at approximately $882,000. Finally, Highbridge Capital Management LLC raised its position in Constellation Brands by 701.4% in the fourth quarter. Highbridge Capital Management LLC now owns 176,918 shares of the company’s stock valued at $27,125,000 after buying an additional 154,843 shares in the last quarter. 76.14% of the stock is owned by hedge funds and other institutional investors.
Shares of Constellation Brands Inc (NYSE STZ) traded up 0.57% during mid-day trading on Tuesday, reaching $196.09. The company’s stock had a trading volume of 241,372 shares. The company’s 50-day moving average is $190.79 and its 200 day moving average is $172.44. Constellation Brands Inc has a 12 month low of $144.00 and a 12 month high of $199.89. The firm has a market cap of $38.30 billion, a price-to-earnings ratio of 24.59 and a beta of 0.06.
Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Thursday, June 29th. The company reported $2.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.98 by $0.36. Constellation Brands had a net margin of 19.94% and a return on equity of 21.57%. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the previous year, the firm earned $1.54 EPS. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. On average, equities analysts anticipate that Constellation Brands Inc will post $8.17 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 23rd. Investors of record on Wednesday, August 9th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Monday, August 7th. Constellation Brands’s dividend payout ratio (DPR) is presently 26.03%.
TRADEMARK VIOLATION NOTICE: This story was first posted by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this story on another website, it was illegally stolen and republished in violation of United States and international trademark and copyright law. The legal version of this story can be accessed at https://stocknewstimes.com/2017/08/08/cypress-capital-management-llc-wy-has-1186000-stake-in-constellation-brands-inc-stz-updated-updated.html.
Several research analysts have recently issued reports on the company. Vetr lowered Constellation Brands from a “hold” rating to a “sell” rating and set a $175.98 price target on the stock. in a research report on Monday, May 22nd. J P Morgan Chase & Co reiterated an “overweight” rating and set a $220.00 target price (up from $188.00) on shares of Constellation Brands in a report on Friday, June 30th. Royal Bank Of Canada restated an “outperform” rating and issued a $220.00 price target (up from $205.00) on shares of Constellation Brands in a report on Friday, June 30th. UBS AG boosted their price target on Constellation Brands from $162.00 to $176.00 and gave the company a “neutral” rating in a report on Friday, June 30th. Finally, Stifel Nicolaus boosted their price target on Constellation Brands from $189.00 to $201.00 and gave the company a “buy” rating in a report on Monday, April 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $200.53.
In other Constellation Brands news, VP Thomas J. Mullin sold 54,834 shares of Constellation Brands stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $194.50, for a total transaction of $10,665,213.00. Following the completion of the sale, the vice president now directly owns 86,005 shares in the company, valued at approximately $16,727,972.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Christopher Stenzel sold 5,000 shares of Constellation Brands stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $196.75, for a total transaction of $983,750.00. Following the sale, the executive vice president now owns 39,721 shares of the company’s stock, valued at $7,815,106.75. The disclosure for this sale can be found here. Insiders sold a total of 95,601 shares of company stock valued at $18,586,986 over the last quarter. 15.59% of the stock is owned by company insiders.
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.
Receive News & Ratings for Constellation Brands Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Constellation Brands Inc and related companies with MarketBeat.com's FREE daily email newsletter.
