Jump Financial LLC got a brand-new position in Constellation Brands,Inc (NYSE:STZ – Get Rating) throughout the 3rd quarter, according to the business in its newest 13F filing with the Securities andExchange Commission The institutional financier got 25,521 shares of the business’s stock, valued at roughly $5,862,000.
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Several other hedge funds have actually likewise purchased and offered shares of STZ. Walleye Capital LLC raised its position in shares of Constellation Brands by 163.3% throughout the second quarter. Walleye Capital LLC now owns 2,388 shares of the business’s stock valued at $557,000 after purchasing an extra 1,481 shares in the last quarter. Echo Street Capital Management LLC bought a brand-new position in shares of Constellation Brands throughout the second quarter valued at roughly $507,000. Teacher Retirement System of Texas raised its position in shares of Constellation Brands by 48.4% throughout the 3rd quarter. Teacher Retirement System of Texas now owns 47,420 shares of the business’s stock valued at $10,891,000 after purchasing an extra 15,472 shares in the last quarter. Price TRowe Associates Inc MD raised its position in shares of Constellation Brands by 2.8% throughout the second quarter. Price TRowe Associates Inc MD now owns 1,697,507 shares of the business’s stock valued at $395,621,000 after purchasing an extra 45,493 shares in the last quarter. Finally, Lincoln National Corp raised its position in shares of Constellation Brands by 4.2% throughout the second quarter. Lincoln National Corp now owns 2,681 shares of the business’s stock valued at $624,000 after purchasing an extra 109 shares in the last quarter. Hedge funds and other institutional financiers own 84.87% of the business’s stock.
Constellation Brands Stock Down 0.2 %
Shares of NYSE:STZ opened at $228.50 onFriday The company has a 50-day moving typical rate of $235.99 and a 200 day moving typical rate of $239.23. The business has an existing ratio of 1.29, a fast ratio of 0.63 and a debt-to-equity ratio of 1.29. The business has a market capitalization of $42.17 billion, a price-to-earnings ratio of 652.88, a PEG ratio of 2.34 and a beta of 1.00. Constellation Brands,Inc has a 12-month low of $207.59 and a 12-month high of $261.52.
Constellation Brands (NYSE:STZ – Get Rating) last provided its quarterly profits information on Thursday, January 5th. The business reported $2.83 profits per share (EPS) for the quarter, missing out on experts’ agreement price quotes of $2.88 by ($ 0.05). Constellation Brands had a return on equity of 19.69% and a net margin of 0.98%. The company had profits of $2.44 billion for the quarter, compared to expert price quotes of $2.38 billion. During the exact same duration in the previous year, business published $3.12 profits per share. The company’s profits for the quarter was up 9.2% compared to the exact same quarter in 2015. Sell- side experts anticipate that Constellation Brands,Inc will publish 10.66 EPS for the present year.
Constellation Brands Announces Dividend
The business likewise just recently revealed a quarterly dividend, which will be paid on Wednesday, February 22nd. Investors of record on Wednesday, February 8th will be provided a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend is Tuesday, February 7th. Constellation Brands’s dividend payment ratio (DPR) is 914.31%.
Analysts Set New Price Targets
STZ has actually been the topic of numerous current research study reports. StockNews.com reduced Constellation Brands from a “purchase” ranking to a “hold” ranking in a research study note on Tuesday, January 10th. BMO Capital Markets minimized their rate goal on Constellation Brands from $290.00 to $265.00 and set an “outperform” ranking for the business in a research study note on Friday, January sixth. Credit Suisse Group minimized their rate goal on Constellation Brands from $260.00 to $250.00 and set an “outperform” ranking for the business in a research study note on Friday, January sixth. Argus minimized their rate goal on Constellation Brands from $295.00 to $250.00 in a research study note on Friday, January sixth. Finally, OTR Global raised Constellation Brands to a “favorable” ranking in a research study note on Thursday, December 15th. Five equities research study experts have actually ranked the stock with a hold ranking and eleven have actually designated a buy ranking to the stock. Based on information from MarketBeat, the business has a typical ranking of “Moderate Buy” and a typical target rate of $251.38.
Insider Activity at Constellation Brands
In associated news, Chairman Robert Sands offered 3,700,002 shares of the company’s stock in a deal dated Monday, November 14th. The stock was cost a typical rate of $239.06, for an overall deal of $884,522,478.12. Following the conclusion of the deal, the chairman now straight owns 24,347,294 shares in the business, valued at roughly $5,820,464,103.64. The sale was revealed in a file submitted with the Securities & &Exchange Commission, which is available throughthis hyperlink In other news, Chairman Robert Sands offered 3,700,002 shares of Constellation Brands stock in a deal dated Monday, November 14th. The stock was cost a typical rate of $239.06, for an overall worth of $884,522,478.12. Following the conclusion of the deal, the chairman now owns 24,347,294 shares in the business, valued at roughly $5,820,464,103.64. The sale was revealed in a file submitted with the Securities & & Exchange Commission, which is available throughthis link Also, EVP Kaneenat Kristann Carey offered 978 shares of Constellation Brands stock in a deal dated Wednesday, November 30th. The shares were cost a typical rate of $250.81, for an overall worth of $245,292.18. Following the conclusion of the deal, the executive vice president now owns 1,004 shares of the business’s stock, valued at roughly $251,813.24. The disclosure for this sale can be discoveredhere Insiders offered 4,705,145 shares of business stock worth $1,124,869,978 in the last 3 months. 16.19% of the stock is owned by business experts.
Constellation Brands Company Profile
Constellation Brands, Inc, together with its subsidiaries, produces, imports, markets, and offers beer, white wine, and spirits in the United States, Canada, Mexico, New Zealand, andItaly It supplies beer mainly under the Corona Extra, Corona Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brand names.
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