GAM Holding AG Makes New $488,000 Investment in Constellation Brands Inc $STZ

GAM Holding AG bought a new position in shares of Constellation Brands Inc (NYSE:STZ) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 3,000 shares of the company’s stock, valued at approximately $488,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Zions Bancorporation National Association UT bought a new stake in shares of Constellation Brands in the 1st quarter valued at about $38,000. Flaharty Asset Management LLC bought a new stake in shares of Constellation Brands in the 1st quarter valued at about $39,000. Hoey Investments Inc. bought a new stake in shares of Constellation Brands in the 2nd quarter valued at about $40,000. WPG Advisers LLC bought a new stake in shares of Constellation Brands in the 1st quarter valued at about $43,000. Finally, Curio Wealth LLC boosted its holdings in shares of Constellation Brands by 29,900.0% in the 2nd quarter. Curio Wealth LLC now owns 300 shares of the company’s stock valued at $49,000 after buying an additional 299 shares in the last quarter. 77.34% of the stock is currently owned by institutional investors.

Constellation Brands Trading Up 2.0%

Shares of Constellation Brands stock opened at $131.40 on Friday. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.08 and a quick ratio of 0.54. The firm has a fifty day moving average price of $141.49 and a 200 day moving average price of $163.59. Constellation Brands Inc has a 1 year low of $127.00 and a 1 year high of $245.31. The stock has a market cap of $23.00 billion, a PE ratio of 19.18, a price-to-earnings-growth ratio of 0.39 and a beta of 0.66.

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

Constellation Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 13th. Investors 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 dividend yield of 3.1%. The ex-dividend date of this dividend is Thursday, October 30th. Constellation Brands’s dividend payout ratio (DPR) is 59.56%.

Analyst Upgrades and Downgrades

STZ has been the topic of a number of recent analyst reports. TD Cowen lowered their price target on shares of Constellation Brands from $180.00 to $152.00 and set a “hold” rating on the stock in a report on Thursday, September 4th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Constellation Brands from $182.00 to $158.00 and set a “hold” rating on the stock in a report on Wednesday, September 3rd. Wells Fargo & Company lowered their price target on shares of Constellation Brands from $170.00 to $155.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. Jefferies Financial Group decreased their price objective on shares of Constellation Brands from $205.00 to $179.00 and set a “buy” rating for the company in a research report on Wednesday, September 3rd. Finally, BNP Paribas lowered shares of Constellation Brands from a “hold” rating to a “strong sell” rating 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 assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock 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.