Strs Ohio Has $49.77 Million Holdings in Constellation Brands, Inc. (NYSE:STZ)

Strs Ohio raised its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 39.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 283,879 shares of the company’s stock after acquiring an additional 80,750 shares during the period. Strs Ohio owned approximately 0.15% of Constellation Brands worth $49,772,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. First Manhattan Co. raised its position in Constellation Brands by 19.7% during the first quarter. First Manhattan Co. now owns 383 shares of the company’s stock valued at $67,000 after purchasing an additional 63 shares in the last quarter. Eads & Heald Wealth Management raised its position in Constellation Brands by 2.3% during the fourth quarter. Eads & Heald Wealth Management now owns 3,370 shares of the company’s stock valued at $542,000 after purchasing an additional 76 shares in the last quarter. National Asset Management Inc. raised its position in Constellation Brands by 2.5% during the fourth quarter. National Asset Management Inc. now owns 3,263 shares of the company’s stock valued at $525,000 after purchasing an additional 79 shares in the last quarter. Bogart Wealth LLC raised its position in Constellation Brands by 17.6% during the fourth quarter. Bogart Wealth LLC now owns 574 shares of the company’s stock valued at $92,000 after purchasing an additional 86 shares in the last quarter. Finally, San Francisco Sentry Investment Group CA raised its position in Constellation Brands by 2.7% during the fourth quarter. San Francisco Sentry Investment Group CA now owns 3,218 shares of the company’s stock valued at $518,000 after purchasing an additional 86 shares in the last quarter. Institutional investors own 74.22% of the company’s stock.

Shares of Constellation Brands stock traded up $1.34 during trading on Friday, hitting $203.23. The company’s stock had a trading volume of 1,604,371 shares, compared to its average volume of 1,449,284. The company has a quick ratio of 0.49, a current ratio of 1.16 and a debt-to-equity ratio of 0.92. Constellation Brands, Inc. has a 52 week low of $150.37 and a 52 week high of $234.26. The stock has a market cap of $38.63 billion, a price-to-earnings ratio of 21.90, a P/E/G ratio of 2.76 and a beta of 0.54.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Thursday, April 4th. The company reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.12. Constellation Brands had a net margin of 38.67% and a return on equity of 15.63%. The company had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.73 billion. During the same quarter in the previous year, the firm posted $1.90 earnings per share. Constellation Brands’s revenue for the quarter was up 2.0% on a year-over-year basis. As a group, equities analysts anticipate that Constellation Brands, Inc. will post 8.51 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be paid a $0.75 dividend. This is a boost from Constellation Brands’s previous quarterly dividend of $0.74. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $3.00 annualized dividend and a dividend yield of 1.48%. Constellation Brands’s payout ratio is currently 32.33%.

Several brokerages have commented on STZ. Zacks Investment Research upgraded shares of Constellation Brands from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. ValuEngine upgraded shares of Constellation Brands from a “sell” rating to a “hold” rating in a research report on Thursday, April 4th. Macquarie set a $183.00 price objective on shares of Constellation Brands and gave the company a “hold” rating in a research report on Friday, April 5th. Deutsche Bank downgraded shares of Constellation Brands from a “buy” rating to a “hold” rating and boosted their price objective for the company from $191.00 to $194.00 in a research report on Friday, April 5th. Finally, Morgan Stanley upgraded shares of Constellation Brands to a “hold” rating in a research report on Friday, April 5th. Eleven research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $223.13.

In related news, Director Barry A. Fromberg sold 1,500 shares of the business’s stock in a transaction on Friday, February 15th. The shares were sold at an average price of $174.72, for a total value of $262,080.00. Following the sale, the director now owns 18,240 shares of the company’s stock, valued at $3,186,892.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Thomas Michael Kane sold 3,071 shares of the business’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $190.08, for a total transaction of $583,735.68. The disclosure for this sale can be found here. In the last three months, insiders sold 30,551 shares of company stock worth $6,007,002. 15.80% of the stock is currently owned by insiders.

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About Constellation Brands

Constellation Brands, Inc, together with its subsidiaries, produces, imports, and markets beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. It provides beer primarily under the Corona Extra, Corona Light, Corona Premier, Corona Familiar Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands, as well as Funky Buddha, Four Corners, and Ballast Point brands.

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

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