Landscape Capital Management L.L.C. Purchases 74,678 Shares of Constellation Brands, Inc. (NYSE:STZ)
Landscape Capital Management L.L.C. boosted its position in Constellation Brands, Inc. (NYSE:STZ) by 1,556.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 79,476 shares of the company’s stock after acquiring an additional 74,678 shares during the quarter. Constellation Brands accounts for 1.2% of Landscape Capital Management L.L.C.’s investment portfolio, making the stock its 6th biggest position. Landscape Capital Management L.L.C.’s holdings in Constellation Brands were worth $15,652,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of STZ. Clearstead Advisors LLC acquired a new position in shares of Constellation Brands during the second quarter worth about $203,000. Wellington Shields Capital Management LLC increased its position in shares of Constellation Brands by 169.4% during the second quarter. Wellington Shields Capital Management LLC now owns 4,135 shares of the company’s stock worth $814,000 after acquiring an additional 2,600 shares during the last quarter. Cornerstone Wealth Group LLC increased its position in shares of Constellation Brands by 59.0% during the second quarter. Cornerstone Wealth Group LLC now owns 2,178 shares of the company’s stock worth $429,000 after acquiring an additional 808 shares during the last quarter. Corient Capital Partners LLC purchased a new stake in shares of Constellation Brands during the second quarter worth about $266,000. Finally, Glassman Wealth Services increased its position in shares of Constellation Brands by 2,800.0% during the second quarter. Glassman Wealth Services now owns 725 shares of the company’s stock worth $143,000 after acquiring an additional 700 shares during the last quarter. Hedge funds and other institutional investors own 71.37% of the company’s stock.
A number of analysts have recently issued reports on STZ shares. Evercore ISI set a $220.00 target price on Constellation Brands and gave the stock a “buy” rating in a research report on Friday, August 9th. Zacks Investment Research raised Constellation Brands from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. SunTrust Banks lifted their target price on Constellation Brands from $180.00 to $190.00 and gave the stock a “hold” rating in a research report on Monday, July 1st. Bank of America set a $221.00 target price on Constellation Brands and gave the stock a “buy” rating in a research report on Monday, July 1st. Finally, UBS Group lifted their target price on Constellation Brands from $195.00 to $212.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 2nd. Ten investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $223.83.
Constellation Brands stock traded down $3.64 during midday trading on Wednesday, hitting $192.89. The stock had a trading volume of 37,710 shares, compared to its average volume of 2,021,398. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.71 and a current ratio of 1.22. The company has a market capitalization of $37.19 billion, a PE ratio of 21.03, a P/E/G ratio of 2.91 and a beta of 0.71. Constellation Brands, Inc. has a 12 month low of $150.37 and a 12 month high of $228.91. The business’s fifty day moving average is $196.84.
Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Friday, June 28th. The company reported $2.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.06 by $0.15. The firm had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.07 billion. Constellation Brands had a return on equity of 14.98% and a net margin of 27.38%. Constellation Brands’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the previous year, the company earned $2.20 earnings per share. As a group, equities research analysts forecast that Constellation Brands, Inc. will post 8.36 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 27th. Stockholders 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 dividend yield of 1.56%. The ex-dividend date is Monday, August 12th. Constellation Brands’s dividend payout ratio (DPR) is presently 10.02%.
Constellation Brands 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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