Constellation Brands Inc (STZ) Shares Bought by Iberiabank Corp

Iberiabank Corp boosted its holdings in shares of Constellation Brands Inc (NYSE:STZ) by 10.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,339 shares of the company’s stock after acquiring an additional 1,286 shares during the period. Iberiabank Corp’s holdings in Constellation Brands were worth $2,660,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of STZ. BlackRock Inc. lifted its position in shares of Constellation Brands by 0.9% during the second quarter. BlackRock Inc. now owns 11,708,547 shares of the company’s stock valued at $2,268,295,000 after buying an additional 103,312 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Constellation Brands by 3.2% during the second quarter. Vanguard Group Inc. now owns 11,276,593 shares of the company’s stock valued at $2,184,613,000 after buying an additional 350,346 shares during the last quarter. Egerton Capital UK LLP lifted its position in shares of Constellation Brands by 13.0% during the third quarter. Egerton Capital UK LLP now owns 3,071,057 shares of the company’s stock valued at $612,522,000 after buying an additional 353,490 shares during the last quarter. Alliancebernstein L.P. lifted its position in shares of Constellation Brands by 87.9% during the second quarter. Alliancebernstein L.P. now owns 1,681,471 shares of the company’s stock valued at $325,751,000 after buying an additional 786,726 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of Constellation Brands by 488.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,192,858 shares of the company’s stock valued at $231,093,000 after purchasing an additional 990,152 shares during the last quarter. Institutional investors own 75.04% of the company’s stock.

Several equities analysts recently commented on the stock. SunTrust Banks reaffirmed a “buy” rating and issued a $230.00 price objective on shares of Constellation Brands in a research report on Friday, October 6th. Evercore ISI reaffirmed an “outperform” rating and issued a $235.00 price objective (up from $230.00) on shares of Constellation Brands in a research report on Friday, October 6th. Pivotal Research increased their price objective on shares of Constellation Brands from $250.00 to $265.00 and gave the company a “buy” rating in a research report on Thursday, October 5th. Morgan Stanley increased their price objective on shares of Constellation Brands from $218.00 to $245.00 and gave the company an “overweight” rating in a research report on Friday, October 6th. Finally, Citigroup reaffirmed a “neutral” rating and issued a $232.00 price objective (up from $211.00) on shares of Constellation Brands in a research report on Monday, October 9th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $216.00.

In other news, VP Thomas J. Mullin sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $209.45, for a total transaction of $10,472,500.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Thomas J. Mullin sold 18,227 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $217.01, for a total transaction of $3,955,441.27. Following the sale, the vice president now directly owns 72,924 shares in the company, valued at approximately $15,825,237.24. The disclosure for this sale can be found here. Insiders have sold a total of 73,662 shares of company stock valued at $15,564,585 over the last three months. 15.59% of the stock is currently owned by insiders.

Constellation Brands Inc (STZ) traded up $0.48 on Wednesday, reaching $216.82. 1,123,600 shares of the company’s stock were exchanged, compared to its average volume of 1,460,566. Constellation Brands Inc has a 12 month low of $144.00 and a 12 month high of $227.20. The company has a quick ratio of 0.69, a current ratio of 1.61 and a debt-to-equity ratio of 1.01. The stock has a market cap of $42,317.62, a price-to-earnings ratio of 26.22, a PEG ratio of 1.39 and a beta of 0.08.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings results on Thursday, October 5th. The company reported $2.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.17 by $0.30. Constellation Brands had a net margin of 21.47% and a return on equity of 22.81%. The company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.06 billion. During the same period last year, the firm posted $1.77 EPS. Constellation Brands’s revenue for the quarter was up 3.1% compared to the same quarter last year. equities research analysts anticipate that Constellation Brands Inc will post 8.43 EPS for the current fiscal year.

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

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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.

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

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