Aurora Investment Counsel Has $3.02 Million Stake in Constellation Brands Inc $STZ

Aurora Investment Counsel increased its stake in Constellation Brands Inc (NYSE:STZ) by 1.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,544 shares of the company’s stock after acquiring an additional 266 shares during the period. Constellation Brands comprises about 1.6% of Aurora Investment Counsel’s holdings, making the stock its 6th largest holding. Aurora Investment Counsel’s holdings in Constellation Brands were worth $3,017,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of STZ. Vanguard Group Inc. raised its position in Constellation Brands by 18.6% during the 1st quarter. Vanguard Group Inc. now owns 18,417,604 shares of the company’s stock valued at $3,379,999,000 after purchasing an additional 2,882,817 shares during the last quarter. Wellington Management Group LLP raised its position in Constellation Brands by 127.9% during the 1st quarter. Wellington Management Group LLP now owns 4,480,788 shares of the company’s stock valued at $822,314,000 after purchasing an additional 2,514,517 shares during the last quarter. Nuveen LLC bought a new position in Constellation Brands during the 1st quarter valued at approximately $63,377,000. Nordea Investment Management AB raised its position in Constellation Brands by 47.6% during the 2nd quarter. Nordea Investment Management AB now owns 606,946 shares of the company’s stock valued at $98,538,000 after purchasing an additional 195,784 shares during the last quarter. Finally, DAVENPORT & Co LLC raised its position in Constellation Brands by 1,594.0% during the 1st quarter. DAVENPORT & Co LLC now owns 207,655 shares of the company’s stock valued at $38,132,000 after purchasing an additional 195,397 shares during the last quarter. Institutional investors own 77.34% of the company’s stock.

Constellation Brands Stock Up 0.5%

STZ stock opened at $141.11 on Tuesday. Constellation Brands Inc has a twelve month low of $131.20 and a twelve month high of $245.31. The company has a quick ratio of 0.54, a current ratio of 1.08 and a debt-to-equity ratio of 1.26. The firm has a market cap of $24.70 billion, a PE ratio of 20.60, a price-to-earnings-growth ratio of 0.42 and a beta of 1.75. The business has a 50 day moving average of $147.17 and a 200 day moving average of $166.23.

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

Constellation Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 13th. Investors of record on Thursday, October 30th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Thursday, October 30th. Constellation Brands’s dividend payout ratio (DPR) is 59.56%.

Analyst Ratings Changes

A number of research firms have commented on STZ. Wells Fargo & Company lowered their price target on Constellation Brands from $170.00 to $155.00 and set an “overweight” rating for the company in a research report on Thursday, September 25th. Needham & Company LLC reaffirmed a “buy” rating and set a $180.00 price target on shares of Constellation Brands in a research report on Wednesday, October 8th. Barclays lowered their price target on Constellation Brands from $150.00 to $147.00 and set an “equal weight” rating for the company in a research report on Thursday, October 9th. The Goldman Sachs Group decreased their target price on Constellation Brands from $196.00 to $168.00 and set a “buy” rating for the company in a research report on Thursday, October 2nd. Finally, Morgan Stanley decreased their target price on Constellation Brands from $176.00 to $160.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have given a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Constellation Brands currently has an average rating of “Hold” and an average price target of $186.44.

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.