Atlantic Edge Private Wealth Management LLC Has $1.35 Million Position in Constellation Brands Inc $STZ

Atlantic Edge Private Wealth Management LLC boosted its holdings in shares of Constellation Brands Inc (NYSE:STZ) by 3.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,290 shares of the company’s stock after buying an additional 240 shares during the period. Atlantic Edge Private Wealth Management LLC’s holdings in Constellation Brands were worth $1,349,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Arlington Partners LLC bought a new position in shares of Constellation Brands during the second quarter valued at $2,333,000. Assenagon Asset Management S.A. lifted its holdings in shares of Constellation Brands by 969.5% during the second 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 period. Wesbanco Bank Inc. lifted its holdings in shares of Constellation Brands by 10.7% during the second quarter. Wesbanco Bank Inc. now owns 43,329 shares of the company’s stock valued at $7,049,000 after acquiring an additional 4,204 shares during the period. Glenview Trust co lifted its holdings in shares of Constellation Brands by 6.8% during the first quarter. Glenview Trust co now owns 69,427 shares of the company’s stock valued at $12,741,000 after acquiring an additional 4,421 shares during the period. Finally, Apollon Wealth Management LLC lifted its holdings in shares of Constellation Brands by 230.2% during the second quarter. Apollon Wealth Management LLC now owns 6,471 shares of the company’s stock valued at $1,053,000 after acquiring an additional 4,511 shares during the period. Institutional investors and hedge funds own 77.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on STZ shares. Wells Fargo & Company cut their price objective on Constellation Brands from $170.00 to $155.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. UBS Group set a $160.00 price objective on Constellation Brands in a report on Tuesday, October 7th. The Goldman Sachs Group cut their price target on Constellation Brands from $196.00 to $168.00 and set a “buy” rating for the company in a report on Thursday, October 2nd. Cowen reaffirmed a “hold” rating on shares of Constellation Brands in a report on Monday, July 7th. Finally, JPMorgan Chase & Co. cut their price target on Constellation Brands from $173.00 to $153.00 and set a “neutral” rating for the company in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have given a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, Constellation Brands currently has an average rating of “Hold” and a consensus price target of $186.44.

Constellation Brands Stock Performance

Shares of NYSE:STZ opened at $141.11 on Tuesday. The stock has a market capitalization of $24.70 billion, a P/E ratio of 20.60, 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 company has a current ratio of 1.08, a quick ratio of 0.54 and a debt-to-equity ratio of 1.26. The business has a 50-day moving average price of $147.17 and a two-hundred day moving average price of $166.23.

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%. Equities analysts predict that Constellation Brands Inc will post 13.5 earnings per share for the current year.

Constellation Brands Announces Dividend

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