Economy

Constellation Brands, Inc. (STZ) Director Sells $119021.00 in Stock

Aberdeen Asset Mngmt Public Ltd Liability Com Uk invested in 36,490 shares or 0.02% of the stock.

Several other institutional investors have also recently made changes to their positions in STZ. Also, the number of investment managers holding Constellation Brands Inc in their top 10 positions increased from 26 to 35 for an increase of 9. BlackRock Inc. now owns 11,605,235 shares of the company's stock worth $1,880,863,000 after buying an additional 11,264,949 shares in the last quarter. State Street Corp increased its stake in Constellation Brands by 0.5% in the 1st quarter. JPMorgan Chase & Co. grew its holdings in shares of Constellation Brands by 9.0% during the first quarter. TLP Group LLC purchased a new stake in shares of Constellation Brands during the third quarter worth about $129,000. The hedge fund run by Stephen Mandel held 6.58M shares of the beverages (production and distribution) company at the end of 2017Q2, valued at $1.27 billion, down from 7.26M at the end of the previous reported quarter. Finally, Wellington Management Group LLP grew its holdings in shares of Constellation Brands by 11.1% during the first quarter. The Exec Vice President now owns $7,815,107 of the stock per the Form 4 SEC filing. The company had a trading volume of 736,801 shares. The company has a consensus rating of "Buy" and a consensus target price of $202.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Exec. VP & Gen. Counsel Thomas J. Mullin sold 54,834 shares at a price of $194.40 on August 3rd. The shares were sold at an average price of $195.93, for a total value of $391,860.00. In the last ninety days, insiders sold 108,118 shares of company stock worth $21,052,835.

TRADEMARK VIOLATION NOTICE: This article was first published by Equities Focus and is owned by of Equities Focus. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States & worldwide trademark and copyright legislation. The correct version of this article can be read at https://www.equitiesfocus.com/2017/09/22/bt-investment-management-ltd-invests-500000-in-constellation-brands-inc-stz.html.

COPYRIGHT VIOLATION WARNING: "Constellation Brands (NYSE:STZ) Getting Somewhat Positive News Coverage, Report Finds" was originally posted by StockNewsTimes and is the property of of StockNewsTimes. Martingale Asset Management Limited Partnership holds 0.12% in Constellation Brands, Inc. The company has market cap of $39.27 billion. The company's 50 day moving average is $198.80 and its 200 day moving average is $183.32.

Constellation Brands Inc (STZ) opened at 201.81 on Friday. The company reported $2.34 EPS for the quarter, topping analysts' consensus estimates of $1.98 by $0.36.

Among 21 analysts covering Constellation Brands (NYSE:STZ), 14 have Buy rating, 0 Sell and 7 Hold. Analysts expect next quarter's EPS will be $1.95 with next year's EPS anticipated to be $8.99. During the same quarter past year, the business posted $1.54 EPS. The company's revenue for the quarter was up 3.4% on a year-over-year basis. In the latest earnings report the EPS was $7.97 and is projected to be $8.18 for the current year with 195,302,000 shares presently outstanding.

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 23rd. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend was Monday, August 7th. Constellation Brands's dividend payout ratio is now 26.03%.

Several research analysts have weighed in on the stock. Royal Bank Of Canada reissued a "buy" rating and set a $220.00 price target on shares of Constellation Brands in a research report on Wednesday, August 2nd. Zacks Investment Research upgraded shares of Constellation Brands from a "hold" rating to a "buy" rating and set a $207.00 target price on the stock in a research report on Thursday, June 22nd.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Thursday, June 29th. Finally, UBS AG lifted their price objective on Constellation Brands from $162.00 to $176.00 and gave the stock a "neutral" rating in a research note on Friday, June 30th. Wells Fargo & Co reiterated an "outperform" rating on shares of Constellation Brands in a research report on Monday, April 10th. Equity analyst Macquarie issued its first research report on the stock setting a rating of "Outperform". Constellation Brands now has an average rating of "Buy" and an average price target of $202.00. Once understood where Constellation Brands, Inc. lies, begin comparing it against other specific companies in the Beverages - Wineries & Distillers to begin searching for value. The Firm is a producer and marketer of beer, wine and spirits with activities in the United States, Canada, Mexico, New Zealand and Italy.



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