Constellation Brands Inc $STZ Stake Decreased by D.A. Davidson & CO.

D.A. Davidson & CO. lessened its holdings in shares of Constellation Brands Inc (NYSE:STZ) by 1.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 49,814 shares of the company’s stock after selling 633 shares during the period. D.A. Davidson & CO.’s holdings in Constellation Brands were worth $8,104,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Cullen Frost Bankers Inc. raised its holdings in shares of Constellation Brands by 4.0% during the second quarter. Cullen Frost Bankers Inc. now owns 65,408 shares of the company’s stock valued at $10,641,000 after buying an additional 2,534 shares during the last quarter. IMG Wealth Management Inc. bought a new stake in shares of Constellation Brands during the second quarter valued at approximately $137,000. Aurora Investment Counsel raised its holdings in shares of Constellation Brands by 1.5% during the second quarter. Aurora Investment Counsel now owns 18,544 shares of the company’s stock valued at $3,017,000 after buying an additional 266 shares during the last quarter. Atlantic Edge Private Wealth Management LLC raised its holdings in shares of Constellation Brands by 3.0% during the second quarter. Atlantic Edge Private Wealth Management LLC now owns 8,290 shares of the company’s stock valued at $1,349,000 after buying an additional 240 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its holdings in shares of Constellation Brands by 1.5% during the second quarter. DekaBank Deutsche Girozentrale now owns 27,800 shares of the company’s stock valued at $4,504,000 after buying an additional 415 shares during the last quarter. Institutional investors own 77.34% of the company’s stock.

Constellation Brands Price Performance

NYSE STZ opened at $139.75 on Friday. The stock has a market capitalization of $24.46 billion, a P/E ratio of 20.40, a P/E/G ratio of 0.42 and a beta of 1.75. Constellation Brands Inc has a 1 year low of $131.20 and a 1 year high of $245.31. The business’s fifty day moving average is $145.40 and its two-hundred day moving average is $165.66. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.54 and a current ratio of 1.08.

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

Constellation Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 13th. Shareholders of record on Thursday, October 30th will be issued a $1.02 dividend. 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 currently 59.56%.

Analysts Set New Price Targets

Several equities research analysts recently commented on STZ shares. Raymond James Financial raised Constellation Brands to a “strong-buy” rating in a report on Monday, July 7th. BMO Capital Markets dropped their target price on Constellation Brands from $215.00 to $190.00 and set an “outperform” rating on the stock in a report on Thursday, September 4th. UBS Group set a $160.00 target price on Constellation Brands in a report on Tuesday, October 7th. Wells Fargo & Company dropped their target price on Constellation Brands from $170.00 to $155.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. Finally, Barclays dropped their target price on Constellation Brands from $150.00 to $147.00 and set an “equal weight” rating on the stock in a report on Thursday, October 9th. One investment 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, Constellation Brands currently has an average rating of “Hold” and an average target price of $186.44.

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.