Cooper Financial Group Increases Position in Constellation Brands Inc $STZ

Cooper Financial Group boosted its holdings in shares of Constellation Brands Inc (NYSE:STZ) by 19.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,271 shares of the company’s stock after acquiring an additional 703 shares during the period. Cooper Financial Group’s holdings in Constellation Brands were worth $695,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. XML Financial LLC boosted its holdings in Constellation Brands by 38.2% in the 2nd quarter. XML Financial LLC now owns 2,189 shares of the company’s stock valued at $356,000 after purchasing an additional 605 shares during the last quarter. Sterling Investment Advisors Ltd. boosted its holdings in Constellation Brands by 8.0% in the 2nd quarter. Sterling Investment Advisors Ltd. now owns 8,066 shares of the company’s stock valued at $1,312,000 after purchasing an additional 597 shares during the last quarter. HB Wealth Management LLC boosted its holdings in Constellation Brands by 5.2% in the 2nd quarter. HB Wealth Management LLC now owns 13,333 shares of the company’s stock valued at $2,169,000 after purchasing an additional 655 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in Constellation Brands by 31.6% in the 2nd quarter. Janney Montgomery Scott LLC now owns 138,308 shares of the company’s stock valued at $22,500,000 after purchasing an additional 33,241 shares during the last quarter. Finally, V Square Quantitative Management LLC boosted its holdings in Constellation Brands by 3.8% in the 2nd quarter. V Square Quantitative Management LLC now owns 1,682 shares of the company’s stock valued at $274,000 after purchasing an additional 62 shares during the last quarter. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on STZ. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Constellation Brands from $182.00 to $158.00 and set a “hold” rating on the stock in a report on Wednesday, September 3rd. TD Cowen decreased their target price on shares of Constellation Brands from $180.00 to $152.00 and set a “hold” rating on the stock in a report on Thursday, September 4th. Citigroup decreased their target price on shares of Constellation Brands from $155.00 to $145.00 and set a “neutral” rating on the stock in a report on Tuesday, September 23rd. Wells Fargo & Company decreased their target price on shares of Constellation Brands from $170.00 to $155.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. Finally, BMO Capital Markets decreased their price objective on shares of Constellation Brands from $215.00 to $190.00 and set an “outperform” rating on the stock in a report on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $191.28.

Insider Transactions at Constellation Brands

In other Constellation Brands news, EVP James O. Bourdeau sold 821 shares of the stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $169.00, for a total transaction of $138,749.00. Following the sale, the executive vice president directly owned 9,438 shares in the company, valued at $1,595,022. This represents a 8.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 12.45% of the stock is currently owned by company insiders.

Constellation Brands Stock Performance

Shares of STZ stock opened at $138.95 on Thursday. The firm’s 50 day moving average price is $155.10 and its 200-day moving average price is $170.03. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.68 and a current ratio of 1.07. Constellation Brands Inc has a one year low of $131.20 and a one year high of $257.36. The firm has a market cap of $24.50 billion, a P/E ratio of -58.14, a P/E/G ratio of 0.40 and a beta of 0.67.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Tuesday, July 1st. The company reported $3.22 EPS for the quarter, missing the consensus estimate of $3.45 by ($0.23). The company had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.57 billion. Constellation Brands had a positive return on equity of 31.41% and a negative net margin of 4.11%.The business’s revenue was down 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.57 earnings per share. As a group, equities research analysts predict that Constellation Brands Inc will post 13.5 EPS for the current year.

Constellation Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 13th. Shareholders of record on Thursday, October 30th will be issued a dividend of $1.02 per share. The ex-dividend date is Thursday, October 30th. This represents a $4.08 dividend on an annualized basis and a yield of 2.9%. Constellation Brands’s dividend payout ratio is -170.71%.

About Constellation Brands

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.