Raab & Moskowitz Asset Management LLC bought a new position in shares of Constellation Brands Inc (NYSE:STZ) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,147 shares of the company’s stock, valued at approximately $223,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in Constellation Brands by 0.9% during the second quarter. BlackRock Inc. now owns 11,708,547 shares of the company’s stock worth $2,268,295,000 after purchasing an additional 103,312 shares during the last quarter. Vanguard Group Inc. lifted its stake in Constellation Brands by 3.2% during the second quarter. Vanguard Group Inc. now owns 11,276,593 shares of the company’s stock worth $2,184,613,000 after purchasing an additional 350,346 shares during the last quarter. State Street Corp lifted its stake in Constellation Brands by 0.5% during the first quarter. State Street Corp now owns 7,391,582 shares of the company’s stock worth $1,197,945,000 after purchasing an additional 39,246 shares during the last quarter. Egerton Capital UK LLP lifted its stake in Constellation Brands by 9.3% during the second quarter. Egerton Capital UK LLP now owns 2,717,567 shares of the company’s stock worth $526,474,000 after purchasing an additional 231,984 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its stake in Constellation Brands by 87.9% during the second quarter. Alliancebernstein L.P. now owns 1,681,471 shares of the company’s stock worth $325,751,000 after purchasing an additional 786,726 shares during the last quarter. Hedge funds and other institutional investors own 74.96% of the company’s stock.

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Constellation Brands Inc (STZ) traded up 0.56% during mid-day trading on Friday, reaching $208.56. The company had a trading volume of 1,011,937 shares. Constellation Brands Inc has a 12-month low of $144.00 and a 12-month high of $213.40. The firm has a market capitalization of $40.80 billion, a price-to-earnings ratio of 23.96 and a beta of 0.04. The firm has a 50-day moving average price of $202.77 and a 200 day moving average price of $188.70.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Thursday, October 5th. The company reported $2.47 EPS for the quarter, beating the consensus estimate of $2.17 by $0.30. The firm had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.06 billion. Constellation Brands had a net margin of 21.47% and a return on equity of 22.81%. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.77 earnings per share. Analysts expect that Constellation Brands Inc will post $8.42 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 21st. Stockholders of record on Tuesday, November 7th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend is Monday, November 6th. Constellation Brands’s dividend payout ratio (DPR) is 23.85%.

In other news, EVP Christopher Stenzel sold 5,000 shares of the company’s stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $196.75, for a total transaction of $983,750.00. Following the completion of the transaction, the executive vice president now directly owns 39,721 shares of the company’s stock, valued at $7,815,106.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Barry A. Fromberg sold 2,500 shares of the company’s stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $208.00, for a total transaction of $520,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 77,786 shares of company stock valued at $15,251,456. Insiders own 15.59% of the company’s stock.

A number of research analysts have recently commented on the company. Argus increased their price target on Constellation Brands from $194.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, July 5th. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $230.00 price target on shares of Constellation Brands in a research note on Friday, October 6th. Evercore ISI reiterated an “outperform” rating and issued a $235.00 price target (up from $230.00) on shares of Constellation Brands in a research note on Friday, October 6th. Pivotal Research increased their price target on Constellation Brands from $250.00 to $265.00 and gave the company a “buy” rating in a research note on Thursday, October 5th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $220.00 price target (up from $205.00) on shares of Constellation Brands in a research note on Friday, June 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Constellation Brands has an average rating of “Buy” and a consensus target price of $216.00.

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.

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

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