Great Lakes Advisors LLC Has $1.01 Million Position in Constellation Brands, Inc. (STZ)

Great Lakes Advisors LLC Has $1.01 Million Position in Constellation Brands, Inc. (STZ)

Other large investors have also added to or reduced their stakes in the company. Hillman Co. raised its stake in Constellation Brands by 27.1% in the first quarter. Hillman Co. now owns 183,470 shares of the company’s stock valued at $29,735,000 after buying an additional 39,122 shares during the last quarter. Marietta Investment Partners LLC raised its stake in Constellation Brands by 13.6% in the third quarter. Marietta Investment Partners LLC now owns 62,511 shares of the company’s stock valued at $10,407,000 after buying an additional 7,496 shares during the last quarter. Rathbone Brothers plc raised its stake in Constellation Brands by 1.4% in the first quarter. Rathbone Brothers plc now owns 12,800 shares of the company’s stock valued at $2,074,000 after buying an additional 180 shares during the last quarter. Traynor Capital Management Inc. raised its stake in Constellation Brands by 13.8% in the third quarter. Traynor Capital Management Inc. now owns 8,414 shares of the company’s stock valued at $1,408,000 after buying an additional 1,023 shares during the last quarter. Finally, Coconut Grove Bank raised its stake in Constellation Brands by 106.8% in the first quarter. Coconut Grove Bank now owns 887 shares of the company’s stock valued at $144,000 after buying an additional 458 shares during the last quarter. 75.54% of the stock is owned by hedge funds and other institutional investors.

Great Lakes Advisors LLC decreased its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 0.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,210 shares of the company’s stock after selling 14 shares during the period. Great Lakes Advisors LLC’s holdings in Constellation Brands were worth $1,006,000 as of its most recent filing with the SEC.

Constellation Brands, Inc. (NYSE STZ) traded up 1.24% on Wednesday, reaching $182.75. The company’s stock had a trading volume of 1,577,655 shares. The company has a market capitalization of $35.60 billion, a price-to-earnings ratio of 24.30 and a beta of 0.52. The firm has a 50-day moving average of $176.49 and a 200 day moving average of $160.84. Constellation Brands, Inc. has a 12-month low of $144.00 and a 12-month high of $186.06.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings data on Thursday, April 6th. The company reported $1.48 EPS for the quarter, beating the Zacks’ consensus estimate of $1.36 by $0.12. The business had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.59 billion. Constellation Brands had a return on equity of 19.07% and a net margin of 16.65%. The business’s revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.19 earnings per share. On average, equities research analysts anticipate that Constellation Brands, Inc. will post $7.95 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 24th. Stockholders of record on Wednesday, May 10th were given a $0.52 dividend. The ex-dividend date of this dividend was Monday, May 8th. This is a boost from Constellation Brands’s previous quarterly dividend of $0.40. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.14%. Constellation Brands’s payout ratio is 24.73%.

STZ has been the subject of several research reports. HSBC Holdings plc raised shares of Constellation Brands from a “reduce” rating to a “hold” rating and upped their price target for the company from $132.00 to $153.00 in a research report on Wednesday, February 1st. OTR Global lowered shares of Constellation Brands to a “positive” rating in a research report on Tuesday, March 28th. Royal Bank of Canada reissued a “buy” rating and issued a $183.00 target price on shares of Constellation Brands in a report on Friday, March 31st. JPMorgan Chase & Co. assumed coverage on shares of Constellation Brands in a report on Tuesday, March 21st. They issued an “overweight” rating and a $183.00 target price for the company. Finally, Vetr raised shares of Constellation Brands from a “hold” rating to a “buy” rating and set a $163.75 target price for the company in a report on Thursday, February 23rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $183.62.

In other news, Director James A. Locke III sold 6,340 shares of the business’s stock in a transaction that occurred on Monday, April 24th. The stock was sold at an average price of $173.05, for a total value of $1,097,137.00. Following the completion of the sale, the director now directly owns 44,415 shares in the company, valued at $7,686,015.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Thomas J. Mullin sold 39,854 shares of the business’s stock in a transaction that occurred on Wednesday, April 12th. The shares were sold at an average price of $169.55, for a total value of $6,757,245.70. Following the completion of the sale, the vice president now owns 48,900 shares of the company’s stock, valued at $8,290,995. The disclosure for this sale can be found here. Insiders sold 61,244 shares of company stock valued at $10,445,048 over the last 90 days. Company insiders own 10.63% of the company’s stock.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “STZ”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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