NORTHSTAR ASSET MANAGEMENT Co Sells 2,950 Shares of Constellation Brands Inc $STZ

NORTHSTAR ASSET MANAGEMENT Co lowered its position in shares of Constellation Brands Inc (NYSE:STZ) by 46.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,368 shares of the company’s stock after selling 2,950 shares during the period. NORTHSTAR ASSET MANAGEMENT Co’s holdings in Constellation Brands were worth $548,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in STZ. 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, Concord Wealth Partners lifted its stake in shares of Constellation Brands by 105.0% in the 2nd quarter. Concord Wealth Partners now owns 410 shares of the company’s stock valued at $67,000 after acquiring an additional 210 shares during the last quarter. Institutional investors own 77.34% of the company’s stock.

Analyst Ratings Changes

STZ has been the subject of a number of recent analyst reports. Morgan Stanley lowered their price target 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. The Goldman Sachs Group lowered their price target 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. JPMorgan Chase & Co. lowered their price target on Constellation Brands from $173.00 to $153.00 and set a “neutral” rating for the company in a research report on Wednesday, October 8th. Jefferies Financial Group lowered their price target on 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 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 given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Constellation Brands has an average rating of “Hold” and a consensus target price of $186.44.

Constellation Brands Stock Performance

Shares of STZ opened at $139.65 on Friday. The business’s fifty day simple moving average is $144.83 and its two-hundred day simple moving average is $165.44. 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 12 month low of $131.20 and a 12 month high of $245.31. The company has a market cap of $24.44 billion, a price-to-earnings ratio of 20.39, a P/E/G ratio of 0.42 and a beta of 0.66.

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

Constellation Brands Dividend Announcement

The business also recently announced 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. The ex-dividend date is Thursday, October 30th. This represents a $4.08 annualized dividend and a yield of 2.9%. Constellation Brands’s payout ratio is 59.56%.

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.