4,200 Shares in Constellation Brands Inc $STZ Purchased by Cherokee Insurance Co

Cherokee Insurance Co acquired a new stake in Constellation Brands Inc (NYSE:STZ) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 4,200 shares of the company’s stock, valued at approximately $683,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Candriam S.C.A. boosted its stake in shares of Constellation Brands by 1.4% in the second quarter. Candriam S.C.A. now owns 10,031 shares of the company’s stock valued at $1,632,000 after buying an additional 137 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Constellation Brands by 13.6% during the 2nd quarter. Geode Capital Management LLC now owns 3,737,860 shares of the company’s stock worth $605,293,000 after purchasing an additional 448,259 shares in the last quarter. Forsta AP Fonden boosted its position in shares of Constellation Brands by 1.3% during the 2nd quarter. Forsta AP Fonden now owns 30,200 shares of the company’s stock worth $4,913,000 after purchasing an additional 400 shares in the last quarter. SBI Securities Co. Ltd. grew its stake in shares of Constellation Brands by 52.1% during the 2nd quarter. SBI Securities Co. Ltd. now owns 692 shares of the company’s stock worth $113,000 after purchasing an additional 237 shares during the period. Finally, Fairbanks Capital Management Inc. increased its holdings in shares of Constellation Brands by 6.2% in the 2nd quarter. Fairbanks Capital Management Inc. now owns 5,892 shares of the company’s stock valued at $959,000 after purchasing an additional 346 shares in the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.

Constellation Brands Stock Performance

NYSE STZ opened at $130.43 on Thursday. Constellation Brands Inc has a fifty-two week low of $126.45 and a fifty-two week high of $245.31. The stock has a market cap of $22.83 billion, a price-to-earnings ratio of 19.04, a price-to-earnings-growth ratio of 0.39 and a beta of 1.75. The business has a fifty day moving average of $136.95 and a 200-day moving average of $160.27. The company has a quick ratio of 0.54, a current ratio of 1.08 and a debt-to-equity ratio of 1.26.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings data on Thursday, February 23rd. The company reported $3.12 EPS for the quarter. The business 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%. As a group, analysts predict that Constellation Brands Inc will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The company also recently declared 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 is Thursday, October 30th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.1%. Constellation Brands’s payout ratio is 59.56%.

Analyst Ratings Changes

A number of analysts recently commented on STZ shares. Jefferies Financial Group decreased their price objective on shares of Constellation Brands from $205.00 to $179.00 and set a “buy” rating on the stock in a report on Wednesday, September 3rd. Roth Capital reissued a “buy” rating and set a $209.00 price target (down previously from $239.00) on shares of Constellation Brands in a research note on Wednesday, September 3rd. TD Cowen dropped their price objective on Constellation Brands from $180.00 to $152.00 and set a “hold” rating for the company in a research note on Thursday, September 4th. Weiss Ratings downgraded Constellation Brands from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, November 7th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Constellation Brands from $182.00 to $158.00 and set a “hold” rating for the company in a research report on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $186.44.

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.