Logan Capital Management Inc. Has $10.32 Million Position in Constellation Brands, Inc. (NYSE:STZ)

Logan Capital Management Inc. trimmed its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 0.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 64,186 shares of the company’s stock after selling 292 shares during the period. Logan Capital Management Inc.’s holdings in Constellation Brands were worth $10,322,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in STZ. HC Financial Advisors Inc. boosted its position in Constellation Brands by 11.7% during the third quarter. HC Financial Advisors Inc. now owns 5,810 shares of the company’s stock valued at $1,253,000 after purchasing an additional 610 shares in the last quarter. Candriam Luxembourg S.C.A. boosted its position in Constellation Brands by 2.3% during the third quarter. Candriam Luxembourg S.C.A. now owns 12,684 shares of the company’s stock valued at $2,735,000 after purchasing an additional 280 shares in the last quarter. Commonwealth Bank of Australia boosted its position in Constellation Brands by 6.0% during the third quarter. Commonwealth Bank of Australia now owns 7,114 shares of the company’s stock valued at $1,528,000 after purchasing an additional 400 shares in the last quarter. HCR Wealth Advisors boosted its position in Constellation Brands by 18.2% during the third quarter. HCR Wealth Advisors now owns 6,014 shares of the company’s stock valued at $1,293,000 after purchasing an additional 926 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its position in Constellation Brands by 7.0% during the third quarter. Janus Henderson Group PLC now owns 1,535,491 shares of the company’s stock valued at $331,088,000 after purchasing an additional 99,980 shares in the last quarter. Institutional investors and hedge funds own 73.15% of the company’s stock.

Shares of NYSE:STZ opened at $176.71 on Wednesday. Constellation Brands, Inc. has a 52-week low of $150.37 and a 52-week high of $236.62. The stock has a market capitalization of $33.72 billion, a PE ratio of 20.26, a PEG ratio of 2.08 and a beta of 0.45. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.08 and a quick ratio of 0.43.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Wednesday, January 9th. The company reported $2.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.33. Constellation Brands had a return on equity of 17.62% and a net margin of 35.27%. The firm had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same period last year, the business posted $2.00 earnings per share. The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. As a group, equities analysts predict that Constellation Brands, Inc. will post 9.16 earnings per share for the current fiscal year.

A number of equities research analysts recently weighed in on STZ shares. HSBC raised Constellation Brands from a “hold” rating to a “buy” rating in a research report on Monday, January 7th. They noted that the move was a valuation call. Macquarie dropped coverage on Constellation Brands in a research note on Thursday, January 10th. Zacks Investment Research cut Constellation Brands from a “buy” rating to a “hold” rating in a research note on Friday, December 7th. Argus decreased their price target on Constellation Brands from $260.00 to $210.00 and set a “buy” rating for the company in a research note on Friday, January 11th. Finally, UBS Group assumed coverage on Constellation Brands in a research note on Thursday, December 13th. They issued a “neutral” rating and a $209.00 price target for the company. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $225.96.

In other news, Director Barry A. Fromberg sold 1,500 shares of the firm’s stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $174.72, for a total value of $262,080.00. Following the completion of the transaction, the director now directly owns 18,240 shares in the company, valued at $3,186,892.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Barry A. Fromberg sold 810 shares of the firm’s stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $173.05, for a total value of $140,170.50. Following the completion of the transaction, the director now owns 20,550 shares of the company’s stock, valued at $3,556,177.50. The disclosure for this sale can be found here. Company insiders own 15.80% of the company’s stock.

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About Constellation Brands

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. The company sells wine across various categories, including table wine, sparkling wine, and dessert wine. It provides beer primarily under the Corona Extra, Corona Light, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands, as well as Funky Buddha, Obregon Brewery, and Ballast Point brands.

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

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