ETRADE Capital Management LLC Lowers Position in Constellation Brands Inc (STZ)

ETRADE Capital Management LLC lowered its stake in Constellation Brands Inc (NYSE:STZ) by 3.6% during the third quarter, Holdings Channel reports. The firm owned 18,534 shares of the company’s stock after selling 700 shares during the period. ETRADE Capital Management LLC’s holdings in Constellation Brands were worth $3,085,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of STZ. Huntington National Bank raised its stake in Constellation Brands by 3.4% in the third quarter. Huntington National Bank now owns 183,777 shares of the company’s stock worth $30,597,000 after buying an additional 5,957 shares during the period. Miura Global Management LLC raised its stake in Constellation Brands by 14.3% in the third quarter. Miura Global Management LLC now owns 400,000 shares of the company’s stock worth $66,596,000 after buying an additional 50,000 shares during the period. Navellier & Associates Inc raised its stake in Constellation Brands by 686.8% in the third quarter. Navellier & Associates Inc now owns 67,416 shares of the company’s stock worth $11,224,000 after buying an additional 58,848 shares during the period. 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 worth $10,407,000 after buying an additional 7,496 shares during the period. Finally, Strs Ohio raised its stake in Constellation Brands by 9.8% in the third quarter. Strs Ohio now owns 467,709 shares of the company’s stock worth $77,868,000 after buying an additional 41,854 shares during the period. Institutional investors own 75.54% of the company’s stock.

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

Constellation Brands Inc (NYSE:STZ) traded down 0.04% during trading on Monday, hitting $155.39. The company had a trading volume of 189,138 shares. The company has a market cap of $30.47 billion, a PE ratio of 24.05 and a beta of 0.52. The company’s 50 day moving average price is $151.24 and its 200-day moving average price is $159.36. Constellation Brands Inc has a 12 month low of $135.81 and a 12 month high of $173.55.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings data on Thursday, January 5th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.24. The firm earned $1.81 billion during the quarter. Constellation Brands had a net margin of 16.65% and a return on equity of 19.07%. The company’s revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.42 EPS. Equities analysts expect that Constellation Brands Inc will post $6.65 earnings per share for the current 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 dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.03%. The ex-dividend date is Tuesday, February 7th. Constellation Brands’s dividend payout ratio is 24.73%.

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A number of equities research analysts have recently issued reports on the company. HSBC Holdings plc upgraded 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. Vetr cut Constellation Brands from a “strong-buy” rating to a “buy” rating and set a $163.75 price objective on the stock. in a report on Monday, January 23rd. Stifel Nicolaus reiterated a “buy” rating and issued a $189.00 price objective on shares of Constellation Brands in a report on Sunday, January 8th. Credit Suisse Group reiterated a “neutral” rating and issued a $165.00 price objective (down from $183.00) on shares of Constellation Brands in a report on Sunday, January 8th. Finally, Goldman Sachs Group, Inc. (The) reiterated an “overweight” rating and issued a $189.00 price objective (up from $187.00) on shares of Constellation Brands in a report on Sunday, January 8th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $178.04.

In other Constellation Brands news, VP F Paul Hetterich purchased 752 shares of the stock in a transaction dated Friday, January 13th. The stock was bought at an average price of $148.62 per share, for a total transaction of $111,762.24. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 10.63% of the stock is 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.

5 Day Chart for NYSE:STZ

Want to see what other hedge funds are holding STZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Constellation Brands Inc (NYSE:STZ).

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