Stratos Wealth Advisors LLC Acquires 114 Shares of Constellation Brands Inc $STZ

Stratos Wealth Advisors LLC lifted its holdings in shares of Constellation Brands Inc (NYSE:STZ) by 3.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,361 shares of the company’s stock after purchasing an additional 114 shares during the period. Stratos Wealth Advisors LLC’s holdings in Constellation Brands were worth $547,000 at the end of the most recent reporting period.

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

Constellation Brands Trading Up 0.8%

Shares of STZ opened at $140.41 on Monday. The business’s 50-day moving average price is $147.73 and its 200-day moving average price is $166.46. Constellation Brands Inc has a twelve month low of $131.20 and a twelve month high of $245.31. The stock has a market cap of $24.58 billion, a PE ratio of 20.50, a P/E/G ratio of 0.42 and a beta of 0.66. The company has a quick ratio of 0.54, a current ratio of 1.08 and a debt-to-equity ratio of 1.26.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Thursday, February 23rd. The company reported $3.12 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. On average, equities analysts forecast that Constellation Brands Inc will post 13.5 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 13th. Stockholders of record on Thursday, October 30th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Thursday, October 30th. This represents a $4.08 annualized dividend and a dividend yield of 2.9%. Constellation Brands’s payout ratio is presently 59.56%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on STZ shares. BMO Capital Markets lowered their price objective on Constellation Brands from $215.00 to $190.00 and set an “outperform” rating on the stock in a research note on Thursday, September 4th. Zacks Research cut Constellation Brands from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 9th. The Goldman Sachs Group lowered their price objective on Constellation Brands from $196.00 to $168.00 and set a “buy” rating on the stock in a research note on Thursday, October 2nd. TD Cowen lowered their price objective on Constellation Brands from $180.00 to $152.00 and set a “hold” rating on the stock in a research note on Thursday, September 4th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Constellation Brands from $182.00 to $158.00 and set a “hold” rating on the stock in a research note on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have assigned a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $186.44.

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.