Constellation Brands Inc (STZ) Shares Bought by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Constellation Brands Inc (NYSE:STZ) by 501.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 200,770 shares of the company’s stock after acquiring an additional 167,385 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned about 0.10% of Constellation Brands worth $40,212,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. increased its stake in shares of 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 acquiring an additional 193 shares during the last quarter. Hanson McClain Inc. increased its stake in shares of Constellation Brands by 0.4% during the 2nd quarter. Hanson McClain Inc. now owns 772 shares of the company’s stock valued at $149,000 after acquiring an additional 3 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in shares of Constellation Brands by 609.1% during the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 780 shares of the company’s stock valued at $151,000 after acquiring an additional 670 shares during the last quarter. MPS Loria Financial Planners LLC acquired a new position in shares of Constellation Brands during the 2nd quarter valued at about $157,000. Finally, Acrospire Investment Management LLC increased its stake in shares of Constellation Brands by 100.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 800 shares of the company’s stock valued at $155,000 after acquiring an additional 400 shares during the last quarter. 75.04% of the stock is owned by institutional investors.

In other Constellation Brands news, insider William A. Newlands sold 2,935 shares of the stock in a transaction on Monday, October 9th. The stock was sold at an average price of $210.10, for a total value of $616,643.50. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Barry A. Fromberg sold 2,500 shares of the stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $208.00, for a total value of $520,000.00. The disclosure for this sale can be found here. Insiders sold 73,662 shares of company stock worth $15,564,585 over the last ninety days. 15.59% of the stock is owned by corporate insiders.

Shares of Constellation Brands Inc (NYSE:STZ) traded up $0.48 on Wednesday, reaching $216.82. The company had a trading volume of 1,123,600 shares, compared to its average volume of 1,460,566. Constellation Brands Inc has a 52-week low of $144.00 and a 52-week high of $227.20. The company has a market capitalization of $42,317.62, a PE ratio of 26.22, a PEG ratio of 1.39 and a beta of 0.08. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.61 and a quick ratio of 0.69.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Thursday, October 5th. The company reported $2.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.17 by $0.30. Constellation Brands had a return on equity of 22.81% and a net margin of 21.47%. The firm had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.06 billion. During the same period last year, the business posted $1.77 earnings per share. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. sell-side analysts predict that Constellation Brands Inc will post 8.43 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 21st. Shareholders of record on Tuesday, November 7th were given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.96%. The ex-dividend date was Monday, November 6th. Constellation Brands’s dividend payout ratio is presently 23.85%.

STZ has been the subject of a number of research analyst reports. Pivotal Research increased their target price on shares of Constellation Brands from $250.00 to $265.00 and gave the stock a “buy” rating in a research report on Thursday, October 5th. Susquehanna Bancshares reissued a “neutral” rating and set a $193.00 target price (up previously from $169.00) on shares of Constellation Brands in a research report on Monday, October 2nd. Macquarie initiated coverage on shares of Constellation Brands in a research report on Thursday, September 14th. They set an “outperform” rating and a $227.00 target price for the company. SunTrust Banks reissued a “buy” rating and set a $230.00 target price on shares of Constellation Brands in a research report on Friday, October 6th. Finally, Cowen reissued an “outperform” rating and set a $243.00 target price (up previously from $230.00) on shares of Constellation Brands in a research report on Friday, October 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $216.00.

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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.

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

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