Calamos Wealth Management LLC acquired a new stake in Constellation Brands Inc (NYSE:STZ) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 7,734 shares of the company’s stock, valued at approximately $1,186,000.
Other institutional investors have also bought and sold shares of the company. Kistler Tiffany Companies LLC boosted its position in Constellation Brands by 13.2% in the third quarter. Kistler Tiffany Companies LLC now owns 643 shares of the company’s stock valued at $107,000 after buying an additional 75 shares in the last quarter. Quadrant Capital Group LLC boosted its position in Constellation Brands by 7.8% in the third quarter. Quadrant Capital Group LLC now owns 731 shares of the company’s stock valued at $113,000 after buying an additional 53 shares in the last quarter. Hanson McClain Inc. boosted its position in Constellation Brands by 0.3% in the second quarter. Hanson McClain Inc. now owns 764 shares of the company’s stock valued at $126,000 after buying an additional 2 shares in the last quarter. TLP Group LLC acquired a new position in Constellation Brands during the third quarter valued at $129,000. Finally, Brick & Kyle Associates boosted its position in Constellation Brands by 1.9% in the third quarter. Brick & Kyle Associates now owns 815 shares of the company’s stock valued at $136,000 after buying an additional 15 shares in the last quarter. 75.54% of the stock is owned by institutional investors and hedge funds.
Constellation Brands Inc (NYSE:STZ) opened at 155.89 on Wednesday. The company has a market capitalization of $30.56 billion, a price-to-earnings ratio of 24.12 and a beta of 0.52. The firm has a 50-day moving average price of $151.51 and a 200-day moving average price of $159.16. Constellation Brands Inc has a 12 month low of $137.25 and a 12 month high of $173.55.
Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Thursday, January 5th. The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.24. Constellation Brands had a net margin of 16.65% and a return on equity of 19.07%. The company earned $1.81 billion during the quarter. During the same quarter in the previous year, the firm posted $1.42 earnings per share. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. On average, equities analysts anticipate that Constellation Brands Inc will post $6.65 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 23rd. Stockholders of record on Monday, January 9th will be given a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, February 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.03%. Constellation Brands’s payout ratio is 24.73%.
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STZ has been the subject of several recent research reports. Bank of America Corporation raised Constellation Brands from an “underperform” rating to a “buy” rating and upped their price target for the company from $150.00 to $175.00 in a report on Wednesday, January 4th. RBC Capital Markets set a $183.00 price target on Constellation Brands and gave the company a “buy” rating in a report on Tuesday, January 3rd. Zacks Investment Research raised Constellation Brands from a “hold” rating to a “buy” rating and set a $171.00 price target for the company in a report on Friday, November 11th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $189.00 price target on shares of Constellation Brands in a report on Sunday, January 8th. Finally, Vetr cut Constellation Brands from a “strong-buy” rating to a “buy” rating and set a $163.75 price target for the company. in a report on Monday, January 23rd. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $178.04.
In other Constellation Brands news, VP F Paul Hetterich purchased 752 shares of the company’s stock in a transaction dated Friday, January 13th. The stock was bought at an average cost of $148.62 per share, for a total transaction of $111,762.24. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 10.63% of the stock is currently owned by 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.
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