Prudential Financial Inc. Has $14.36 Million Holdings in Constellation Brands Inc $STZ

Prudential Financial Inc. raised its stake in shares of Constellation Brands Inc (NYSE:STZ) by 4.3% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 88,289 shares of the company’s stock after purchasing an additional 3,607 shares during the period. Prudential Financial Inc. owned approximately 0.05% of Constellation Brands worth $14,363,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Gilbert & Cook Inc. lifted its holdings in shares of Constellation Brands by 2.6% in the second quarter. Gilbert & Cook Inc. now owns 2,385 shares of the company’s stock valued at $388,000 after purchasing an additional 60 shares in the last quarter. V Square Quantitative Management LLC boosted its holdings in Constellation Brands by 3.8% during the 2nd quarter. V Square Quantitative Management LLC now owns 1,682 shares of the company’s stock worth $274,000 after acquiring an additional 62 shares during the last quarter. Oak Asset Management LLC grew its stake in shares of Constellation Brands by 0.4% in the 2nd quarter. Oak Asset Management LLC now owns 18,281 shares of the company’s stock worth $2,974,000 after acquiring an additional 70 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Constellation Brands by 9.9% in the first quarter. Geneos Wealth Management Inc. now owns 813 shares of the company’s stock valued at $149,000 after purchasing an additional 73 shares during the last quarter. Finally, Sheaff Brock Investment Advisors LLC raised its holdings in shares of Constellation Brands by 5.9% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 1,350 shares of the company’s stock valued at $248,000 after purchasing an additional 75 shares during the last quarter. 77.34% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on STZ shares. Piper Sandler reduced their price objective on shares of Constellation Brands from $155.00 to $135.00 and set a “neutral” rating for the company in a research report on Friday, November 21st. Roth Capital restated a “buy” rating and issued a $209.00 target price (down previously from $239.00) on shares of Constellation Brands in a research note on Wednesday, September 3rd. JPMorgan Chase & Co. assumed coverage on Constellation Brands in a research report on Friday, November 7th. They set a “neutral” rating and a $153.00 price target for the company. BNP Paribas lowered Constellation Brands from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 3rd. Finally, Morgan Stanley reduced their price objective on Constellation Brands from $176.00 to $160.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $181.88.

Constellation Brands Trading Up 2.2%

Shares of NYSE STZ opened at $135.06 on Thursday. The stock has a market capitalization of $23.64 billion, a P/E ratio of 19.72, a PEG ratio of 0.39 and a beta of 1.75. 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 business’s 50 day moving average is $134.92 and its two-hundred day moving average is $156.33. Constellation Brands Inc has a 1-year low of $126.45 and a 1-year high of $245.31.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings results on Thursday, February 23rd. The company reported $3.12 earnings per share (EPS) 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. As a group, research analysts expect that Constellation Brands Inc will post 13.5 EPS for the current year.

Constellation Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 13th. Stockholders of record on Thursday, October 30th were issued a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Thursday, October 30th. Constellation Brands’s dividend payout ratio is presently 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.