Koshinski Asset Management Inc. Sells 148 Shares of Constellation Brands Inc $STZ

Koshinski Asset Management Inc. lessened its holdings in Constellation Brands Inc (NYSE:STZ) by 8.0% in the second quarter, HoldingsChannel reports. The fund owned 1,712 shares of the company’s stock after selling 148 shares during the period. Koshinski Asset Management Inc.’s holdings in Constellation Brands were worth $279,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of STZ. Zions Bancorporation National Association UT bought a new stake in Constellation Brands during the first quarter worth about $38,000. Flaharty Asset Management LLC bought a new stake in Constellation Brands during the first quarter worth about $39,000. Hoey Investments Inc. bought a new stake in Constellation Brands during the second quarter worth about $40,000. WPG Advisers LLC bought a new stake in Constellation Brands during the first quarter worth about $43,000. Finally, Pinnacle Bancorp Inc. lifted its position in Constellation Brands by 45.5% during the first quarter. Pinnacle Bancorp Inc. now owns 278 shares of the company’s stock worth $51,000 after purchasing an additional 87 shares during the period. Institutional investors own 77.34% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on STZ shares. UBS Group set a $160.00 price objective on shares of Constellation Brands in a research report on Tuesday, October 7th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Constellation Brands in a research report on Wednesday, October 8th. Wells Fargo & Company cut their price objective on shares of Constellation Brands from $170.00 to $155.00 and set an “overweight” rating for the company in a research report on Thursday, September 25th. Sanford C. Bernstein cut their price objective on shares of Constellation Brands from $225.00 to $195.00 and set an “outperform” rating for the company in a research report on Thursday, September 4th. Finally, TD Cowen cut their price objective on shares of Constellation Brands from $180.00 to $152.00 and set a “hold” rating for the company in a research report on Thursday, September 4th. 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 given a Sell rating to the stock. According to MarketBeat.com, Constellation Brands presently has a consensus rating of “Hold” and an average target price of $186.44.

Constellation Brands Stock Performance

Constellation Brands stock opened at $141.11 on Tuesday. The business has a 50 day moving average of $147.17 and a 200-day moving average of $166.23. Constellation Brands Inc has a 1 year low of $131.20 and a 1 year high of $245.31. 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 company has a market capitalization of $24.70 billion, a P/E ratio of 20.60, a P/E/G 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 (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 research analysts predict that Constellation Brands Inc will post 13.5 earnings per share for the current year.

Constellation Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 13th. Shareholders of record on Thursday, October 30th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Thursday, October 30th. Constellation Brands’s dividend payout ratio is currently 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.