Sequoia Financial Advisors LLC Has $473,000 Stock Holdings in Constellation Brands Inc $STZ

Sequoia Financial Advisors LLC raised its stake in Constellation Brands Inc (NYSE:STZ) by 13.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,907 shares of the company’s stock after acquiring an additional 343 shares during the period. Sequoia Financial Advisors LLC’s holdings in Constellation Brands were worth $473,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Zions Bancorporation National Association UT acquired a new position in shares of Constellation Brands during the 1st quarter worth $38,000. Flaharty Asset Management LLC bought a new stake in shares of Constellation Brands in the 1st quarter valued at about $39,000. WPG Advisers LLC bought a new stake in shares of Constellation Brands in the 1st quarter valued at about $43,000. Hoey Investments Inc. bought a new stake in shares of Constellation Brands during the 2nd quarter valued at about $40,000. Finally, Pinnacle Bancorp Inc. boosted its position in shares of Constellation Brands by 45.5% during the 1st quarter. Pinnacle Bancorp Inc. now owns 278 shares of the company’s stock valued at $51,000 after purchasing an additional 87 shares in the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on STZ shares. Wells Fargo & Company cut their target price on Constellation Brands from $170.00 to $155.00 and set an “overweight” rating on the stock in a research report on Thursday, September 25th. Jefferies Financial Group lowered their price objective on Constellation Brands from $205.00 to $179.00 and set a “buy” rating for the company in a research note on Wednesday, September 3rd. Needham & Company LLC reissued a “buy” rating and issued a $180.00 price objective on shares of Constellation Brands in a research note on Wednesday, October 8th. Morgan Stanley decreased 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. Finally, BNP Paribas Exane downgraded Constellation Brands from a “neutral” rating to an “underperform” rating and set a $123.00 target price for the company. in a research report on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have given a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $186.44.

Constellation Brands Price Performance

NYSE:STZ opened at $141.11 on Tuesday. The firm has a market capitalization of $24.70 billion, a price-to-earnings ratio of 20.60, a P/E/G ratio of 0.42 and a beta of 1.75. Constellation Brands Inc has a 52-week low of $131.20 and a 52-week high of $245.31. The stock has a fifty day moving average of $147.17 and a 200 day moving average of $166.23. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.54 and a current ratio of 1.08.

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

Constellation Brands Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Thursday, October 30th. Constellation Brands’s dividend payout ratio (DPR) 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.