2 weeks Ago By ABMN Staff
Dai ichi Life Insurance Company Ltd increased its position in shares of Constellation Brands, Inc. ( NYSE:STZ – Free Report ) by 40.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission.
The institutional investor owned 10,636 shares of the company’s stock after acquiring an additional 3,080 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in Constellation Brands were worth $2,736,000 as of its most recent SEC filing. A number of other hedge funds and other institutional investors also recently bought and sold shares of the company.
Vanguard Group Inc. lifted its holdings in shares of Constellation Brands by 3.5% during the 1st quarter.
Vanguard Group Inc. now owns 13,705,793 shares of the company’s stock valued at $3,724,686,000 after purchasing an additional 462,891 shares during the last quarter. Capital International Investors grew its position in Constellation Brands by 39.
4% during the 1st quarter. Capital International Investors now owns 11,685,249 shares of the company’s stock worth $3,175,583,000 after purchasing an additional 3,304,709 shares during the last quarter. Capital World Investors increased its stake in Constellation Brands by 8.
7% during the 1st quarter. Capital World Investors now owns 9,040,669 shares of the company’s stock valued at $2,456,892,000 after purchasing an additional 723,549 shares in the last quarter. Capital Research Global Investors raised its holdings in shares of Constellation Brands by 9.
9% in the first quarter. Capital Research Global Investors now owns 2,469,997 shares of the company’s stock worth $671,246,000 after buying an additional 222,380 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Constellation Brands during the fourth quarter valued at $443,844,000.
Hedge funds and other institutional investors own 77.34% of the company’s stock. Insider Buying and Selling at Constellation Brands In other news, CFO Garth Hankinson sold 13,583 shares of the stock in a transaction dated Thursday, August 8th.
The shares were sold at an average price of $240.00, for a total value of $3,259,920.00.
Following the completion of the sale, the chief financial officer now directly owns 11,702 shares in the company, valued at $2,808,480. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link . In other Constellation Brands news, EVP Kaneenat Kristann Carey sold 977 shares of the company’s stock in a transaction on Friday, July 12th.
The stock was sold at an average price of $261.00, for a total value of $254,997.00.
Following the completion of the sale, the executive vice president now directly owns 2,706 shares in the company, valued at approximately $706,266. The sale was disclosed in a document filed with the SEC, which can be accessed through this link . Also, CFO Garth Hankinson sold 13,583 shares of Constellation Brands stock in a transaction on Thursday, August 8th.
The stock was sold at an average price of $240.00, for a total value of $3,259,920.00.
Following the transaction, the chief financial officer now owns 11,702 shares in the company, valued at approximately $2,808,480. The disclosure for this sale can be found here . In the last 90 days, insiders have sold 16,414 shares of company stock worth $3,982,922.
Corporate insiders own 12.19% of the company’s stock. Wall Street Analysts Forecast Growth Check Out Our Latest Analysis on Constellation Brands Constellation Brands Stock Performance NYSE:STZ opened at $252.
57 on Monday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.
53 and a current ratio of 1.19. The stock has a market capitalization of $46.
21 billion, a PE ratio of 18.82, a P/E/G ratio of 1.69 and a beta of 1.
75. Constellation Brands, Inc. has a fifty-two week low of $227.
50 and a fifty-two week high of $274.87. The company has a fifty day moving average of $245.
91 and a two-hundred day moving average of $253.90. Constellation Brands ( NYSE:STZ – Get Free Report ) last issued its quarterly earnings results on Wednesday, July 3rd.
The company reported $3.57 earnings per share for the quarter, beating analysts’ consensus estimates of $3.46 by $0.
11. Constellation Brands had a net margin of 22.70% and a return on equity of 23.
72%. The firm had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.
67 billion. During the same period last year, the company posted $2.91 EPS.
Constellation Brands’s quarterly revenue was up 5.8% compared to the same quarter last year. As a group, research analysts forecast that Constellation Brands, Inc.
will post 13.53 earnings per share for the current fiscal year. Constellation Brands Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd.
Investors of record on Wednesday, August 14th were paid a $1.01 dividend. This represents a $4.
04 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend was Wednesday, August 14th.
Constellation Brands’s dividend payout ratio is currently 30.10%. Constellation Brands Company Profile ( Free Report ) Constellation Brands, Inc, together with its subsidiaries, produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy.
The company provides beer primarily under the Corona Extra, Corona Familiar, Corona Hard Seltzer, Corona Light, Corona Non-Alcoholic, Corona Premier, Corona Refresca, Modelo Especial, Modelo Chelada, Modelo Negra, Modelo Oro, Victoria, Vicky Chamoy, and Pacifico brands. Read More 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.
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