Constellation Brands Inc $STZ Shares Bought by Laurel Wealth Advisors LLC

Laurel Wealth Advisors LLC lifted its stake in shares of Constellation Brands Inc (NYSE:STZ) by 16,168.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,469 shares of the company’s stock after acquiring an additional 28,294 shares during the quarter. Laurel Wealth Advisors LLC’s holdings in Constellation Brands were worth $4,631,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in STZ. AlphaQuest LLC lifted its holdings in Constellation Brands by 350.7% in the 2nd quarter. AlphaQuest LLC now owns 5,178 shares of the company’s stock valued at $842,000 after acquiring an additional 4,029 shares during the last quarter. Arlington Partners LLC acquired a new stake in Constellation Brands during the second quarter valued at approximately $2,333,000. 49 Wealth Management LLC acquired a new position in Constellation Brands in the second quarter worth approximately $373,000. Assenagon Asset Management S.A. lifted its position in shares of Constellation Brands by 969.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 83,656 shares of the company’s stock valued at $13,609,000 after acquiring an additional 75,834 shares during the last quarter. Finally, Heritage Investors Management Corp boosted its stake in shares of Constellation Brands by 6.2% during the 2nd quarter. Heritage Investors Management Corp now owns 146,827 shares of the company’s stock worth $23,886,000 after acquiring an additional 8,613 shares in the last quarter. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Constellation Brands Stock Performance

NYSE:STZ opened at $135.06 on Thursday. The firm has a market capitalization of $23.64 billion, a PE ratio of 19.72, a PEG ratio of 0.39 and a beta of 1.75. Constellation Brands Inc has a 1 year low of $126.45 and a 1 year high of $245.31. The company has a current ratio of 1.08, a quick ratio of 0.54 and a debt-to-equity ratio of 1.26. The firm’s fifty day simple moving average is $134.92 and its 200 day simple moving average is $156.33.

Constellation Brands (NYSE:STZ) last released 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 during the quarter. Constellation Brands had a net margin of 11.88% and a return on equity of 29.82%. On average, sell-side analysts anticipate that Constellation Brands Inc will post 13.5 EPS for the current year.

Constellation Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Shareholders of record on Thursday, October 30th were issued a $1.02 dividend. The ex-dividend date of this dividend was Thursday, October 30th. This represents a $4.08 dividend on an annualized basis and a yield of 3.0%. Constellation Brands’s dividend payout ratio (DPR) is 59.56%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft reduced their target price on Constellation Brands from $182.00 to $158.00 and set a “hold” rating for the company in a report on Wednesday, September 3rd. Bank of America dropped their target price on shares of Constellation Brands from $150.00 to $142.00 and set an “underperform” rating on the stock in a research report on Wednesday, September 3rd. The Goldman Sachs Group decreased their price objective on shares of Constellation Brands from $196.00 to $168.00 and set a “buy” rating for the company in a research note on Thursday, October 2nd. TD Cowen reduced their target price on Constellation Brands from $180.00 to $152.00 and set a “hold” rating for the company in a report on Thursday, September 4th. Finally, Citigroup lowered their price target on Constellation Brands from $155.00 to $145.00 and set a “neutral” rating on the stock in a report on Tuesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $181.88.

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.