Constellation Brands Inc $STZ Shares Bought by Blue Zone Wealth Advisors LLC

Blue Zone Wealth Advisors LLC grew its stake in shares of Constellation Brands Inc (NYSE:STZ) by 6.0% during the second quarter, HoldingsChannel reports. The firm owned 23,393 shares of the company’s stock after buying an additional 1,314 shares during the period. Blue Zone Wealth Advisors LLC’s holdings in Constellation Brands were worth $3,806,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Constellation Brands by 18.6% during the first quarter. Vanguard Group Inc. now owns 18,417,604 shares of the company’s stock worth $3,379,999,000 after purchasing an additional 2,882,817 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Constellation Brands by 127.9% in the first quarter. Wellington Management Group LLP now owns 4,480,788 shares of the company’s stock worth $822,314,000 after acquiring an additional 2,514,517 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Constellation Brands by 7.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,922,122 shares of the company’s stock worth $352,748,000 after acquiring an additional 139,158 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Constellation Brands by 4.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,693,827 shares of the company’s stock worth $310,851,000 after acquiring an additional 76,186 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Constellation Brands by 1.2% in the first quarter. Northern Trust Corp now owns 1,534,357 shares of the company’s stock worth $281,585,000 after acquiring an additional 17,832 shares in the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on STZ shares. Bank of America cut their price target on Constellation Brands from $150.00 to $142.00 and set an “underperform” rating on the stock in a research note on Wednesday, September 3rd. Citigroup cut their price target on Constellation Brands from $155.00 to $145.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 23rd. BMO Capital Markets cut their price target on Constellation Brands from $215.00 to $190.00 and set an “outperform” rating on the stock in a research note on Thursday, September 4th. JPMorgan Chase & Co. cut their price target on Constellation Brands from $173.00 to $153.00 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, Roth Capital reiterated a “buy” rating and issued a $209.00 price target (down previously from $239.00) on shares of Constellation Brands in a research note on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have assigned a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $186.44.

Insider Activity at Constellation Brands

In other news, EVP James O. Bourdeau sold 821 shares of the company’s stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $169.00, for a total transaction of $138,749.00. Following the completion of the transaction, the executive vice president directly owned 9,438 shares of the company’s stock, valued at approximately $1,595,022. This represents a 8.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 12.45% of the company’s stock.

Constellation Brands Stock Down 1.1%

Shares of Constellation Brands stock opened at $141.42 on Friday. The company has a quick ratio of 0.68, a current ratio of 1.08 and a debt-to-equity ratio of 1.26. The firm has a market cap of $24.93 billion, a P/E ratio of 20.65, a P/E/G ratio of 0.43 and a beta of 0.66. Constellation Brands Inc has a fifty-two week low of $131.20 and a fifty-two week high of $247.63. The business has a 50-day moving average price of $150.78 and a 200 day moving average price of $168.18.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Thursday, February 23rd. The company reported $3.12 earnings per share for the quarter. The firm had revenue of $2.32 billion during the quarter. Constellation Brands had a return on equity of 29.82% and a net margin of 11.88%. On average, sell-side analysts forecast that Constellation Brands Inc will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 13th. Stockholders of record on Thursday, October 30th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Thursday, October 30th. This represents a $4.08 annualized dividend and a dividend yield of 2.9%. Constellation Brands’s dividend payout ratio is 59.56%.

Constellation Brands Profile

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.