ASR Vermogensbeheer N.V. Purchases 7,692 Shares of Constellation Brands Inc $STZ

ASR Vermogensbeheer N.V. grew its position in Constellation Brands Inc (NYSE:STZ) by 16.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,853 shares of the company’s stock after acquiring an additional 7,692 shares during the period. ASR Vermogensbeheer N.V.’s holdings in Constellation Brands were worth $8,923,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of STZ. Laurel Wealth Advisors LLC acquired a new stake in Constellation Brands in the 1st quarter valued at about $32,000. Rakuten Securities Inc. raised its stake in Constellation Brands by 805.0% in the first quarter. Rakuten Securities Inc. now owns 181 shares of the company’s stock valued at $33,000 after buying an additional 161 shares during the period. Zions Bancorporation National Association UT acquired a new stake in shares of Constellation Brands in the first quarter valued at approximately $38,000. Flaharty Asset Management LLC bought a new position in shares of Constellation Brands during the 1st quarter worth approximately $39,000. Finally, Hoey Investments Inc. acquired a new position in shares of Constellation Brands during the 2nd quarter worth approximately $40,000. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Constellation Brands Stock Performance

NYSE STZ opened at $140.51 on Friday. The firm’s fifty day moving average price is $154.39 and its two-hundred day moving average price is $169.74. The stock has a market cap of $24.77 billion, a PE ratio of -58.79, a PEG ratio of 0.42 and a beta of 1.75. Constellation Brands Inc has a fifty-two week low of $131.20 and a fifty-two week high of $254.88. 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 (NYSE:STZ) last announced its quarterly earnings results on Tuesday, July 1st. The company reported $3.22 EPS for the quarter, missing analysts’ consensus estimates of $3.45 by ($0.23). Constellation Brands had a negative net margin of 4.11% and a positive return on equity of 31.41%. The firm had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter in the previous year, the company posted $3.57 earnings per share. The firm’s revenue was down 5.5% on a year-over-year basis. On average, equities analysts expect that Constellation Brands Inc will post 13.5 EPS for the current fiscal year.

Constellation Brands Announces Dividend

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 paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Thursday, October 30th. Constellation Brands’s dividend payout ratio (DPR) is presently -170.71%.

Insider Buying and Selling 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 value of $138,749.00. Following the completion of the transaction, the executive vice president owned 9,438 shares of the company’s stock, valued at $1,595,022. This represents a 8.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 12.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on STZ shares. BMO Capital Markets cut their price target on Constellation Brands from $215.00 to $190.00 and set an “outperform” rating for the company in a report on Thursday, September 4th. Citigroup dropped their price objective on shares of Constellation Brands from $155.00 to $145.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 23rd. Raymond James Financial raised shares of Constellation Brands to a “strong-buy” rating in a report on Monday, July 7th. Cowen reissued a “hold” rating on shares of Constellation Brands in a report on Monday, July 7th. Finally, Needham & Company LLC cut their price objective on shares of Constellation Brands from $200.00 to $180.00 and set a “buy” rating for the company in a research report on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, Constellation Brands currently has an average rating of “Hold” and a consensus price target of $190.16.

Constellation Brands Company 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.