Constellation Brands Inc $STZ Shares Sold by Blair William & Co. IL

Blair William & Co. IL lessened its holdings in shares of Constellation Brands Inc (NYSE:STZ) by 6.0% during the 2nd quarter, Holdings Channel reports. The firm owned 15,646 shares of the company’s stock after selling 993 shares during the period. Blair William & Co. IL’s holdings in Constellation Brands were worth $2,545,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in STZ. Rakuten Securities Inc. lifted its position in shares of Constellation Brands by 805.0% during the first quarter. Rakuten Securities Inc. now owns 181 shares of the company’s stock worth $33,000 after purchasing an additional 161 shares in the last quarter. Zions Bancorporation National Association UT purchased a new stake in shares of Constellation Brands during the first quarter worth approximately $38,000. Flaharty Asset Management LLC purchased a new stake in shares of Constellation Brands during the first quarter worth approximately $39,000. Hoey Investments Inc. purchased a new stake in shares of Constellation Brands during the second quarter worth approximately $40,000. Finally, WPG Advisers LLC purchased a new stake in shares of Constellation Brands during the first quarter worth approximately $43,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

Constellation Brands Stock Down 0.0%

STZ stock opened at $141.44 on Wednesday. The company has a current ratio of 1.08, a quick ratio of 0.54 and a debt-to-equity ratio of 1.26. Constellation Brands Inc has a twelve month low of $131.20 and a twelve month high of $247.63. The company’s 50 day moving average is $149.62 and its two-hundred day moving average is $167.48. The stock has a market cap of $24.93 billion, a P/E ratio of 20.65, a PEG ratio of 0.42 and a beta of 1.75.

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

Constellation Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 13th. Stockholders of record on Thursday, October 30th will be given 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 2.9%. Constellation Brands’s dividend payout ratio (DPR) is 59.56%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on STZ. Deutsche Bank Aktiengesellschaft cut their target price on shares of Constellation Brands from $182.00 to $158.00 and set a “hold” rating on the stock in a research note on Wednesday, September 3rd. Needham & Company LLC restated a “buy” rating and set a $180.00 target price on shares of Constellation Brands in a research note on Wednesday, October 8th. Citigroup cut their target price on shares of Constellation Brands from $155.00 to $145.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 23rd. Raymond James Financial upgraded shares of Constellation Brands to a “strong-buy” rating in a research note on Monday, July 7th. Finally, Roth Capital reissued a “buy” rating and set a $209.00 price objective (down previously from $239.00) on shares of Constellation Brands in a report on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have assigned a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $186.44.

Insider Activity

In other news, EVP James O. Bourdeau sold 821 shares of the firm’s stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $169.00, for a total transaction of $138,749.00. Following the transaction, the executive vice president directly owned 9,438 shares in the company, valued at approximately $1,595,022. This trade represents a 8.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 12.45% of the company’s stock.

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.