Osborn Williams & Donohoe LLC lifted its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 22.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,878 shares of the company’s stock after buying an additional 3,258 shares during the quarter. Osborn Williams & Donohoe LLC’s holdings in Constellation Brands were worth $3,521,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Jackson Square Partners LLC purchased a new stake in shares of Constellation Brands during the 1st quarter worth $395,015,000. BlackRock Inc. lifted its stake in shares of Constellation Brands by 14.7% during the 1st quarter. BlackRock Inc. now owns 13,545,436 shares of the company’s stock worth $2,374,922,000 after purchasing an additional 1,734,902 shares during the last quarter. Jennison Associates LLC lifted its stake in shares of Constellation Brands by 185.9% during the 1st quarter. Jennison Associates LLC now owns 1,237,096 shares of the company’s stock worth $216,900,000 after purchasing an additional 804,429 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of Constellation Brands by 53.3% during the 1st quarter. Janus Henderson Group PLC now owns 2,120,744 shares of the company’s stock worth $371,831,000 after purchasing an additional 737,613 shares during the last quarter. Finally, Douglas Lane & Associates LLC lifted its stake in shares of Constellation Brands by 285.0% during the 1st quarter. Douglas Lane & Associates LLC now owns 264,310 shares of the company’s stock worth $46,342,000 after purchasing an additional 195,650 shares during the last quarter. 70.37% of the stock is currently owned by institutional investors and hedge funds.
Constellation Brands stock traded up $0.07 during midday trading on Wednesday, hitting $187.26. 28,716 shares of the company were exchanged, compared to its average volume of 1,008,100. The company has a market cap of $35.62 billion, a price-to-earnings ratio of 20.18, a PEG ratio of 2.89 and a beta of 0.71. Constellation Brands, Inc. has a fifty-two week low of $150.37 and a fifty-two week high of $228.91. The stock’s fifty day simple moving average is $195.48. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.22 and a quick ratio of 0.71.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 27th. Investors of record on Tuesday, August 13th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.60%. The ex-dividend date is Monday, August 12th. Constellation Brands’s dividend payout ratio (DPR) is 32.33%.
In other Constellation Brands news, CMO James A. Jr. Sabia sold 4,275 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $194.70, for a total value of $832,342.50. Following the sale, the chief marketing officer now directly owns 43,494 shares of the company’s stock, valued at $8,468,281.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jeremy S. G. Fowden sold 10,213 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $197.35, for a total value of $2,015,535.55. Following the completion of the sale, the director now directly owns 27,630 shares in the company, valued at $5,452,780.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 62,083 shares of company stock worth $12,675,054. 15.86% of the stock is owned by corporate insiders.
A number of equities research analysts recently weighed in on the company. Barclays restated a “buy” rating and set a $238.00 price objective on shares of Constellation Brands in a research note on Tuesday, July 2nd. Morgan Stanley upped their price objective on Constellation Brands from $207.00 to $217.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 2nd. Bank of America set a $221.00 price objective on Constellation Brands and gave the stock a “buy” rating in a research note on Monday, July 1st. Zacks Investment Research upgraded Constellation Brands from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th. Finally, Citigroup set a $210.00 price objective on Constellation Brands and gave the stock a “hold” rating in a research note on Monday, July 1st. Ten investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $225.35.
Constellation Brands Company Profile
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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