Prentice Wealth Management LLC Sells 122 Shares of Constellation Brands Inc $STZ

Prentice Wealth Management LLC reduced its stake in Constellation Brands Inc (NYSE:STZ) by 3.9% in the second quarter, Holdings Channel.com reports. The fund owned 2,987 shares of the company’s stock after selling 122 shares during the period. Prentice Wealth Management LLC’s holdings in Constellation Brands were worth $486,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Ratings Changes

STZ has been the subject of a number of analyst reports. Jefferies Financial Group cut their price target on Constellation Brands from $205.00 to $179.00 and set a “buy” rating for the company in a report on Wednesday, September 3rd. BNP Paribas lowered Constellation Brands from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 3rd. Wells Fargo & Company lowered their price target 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. The Goldman Sachs Group lowered their price target on Constellation Brands from $196.00 to $168.00 and set a “buy” rating on the stock in a research report on Thursday, October 2nd. Finally, Bank of America lowered their price target on Constellation Brands from $150.00 to $142.00 and set an “underperform” rating on the stock in a research report on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have assigned a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Constellation Brands currently has a consensus rating of “Hold” and a consensus price target of $186.44.

Constellation Brands Stock Down 0.3%

STZ opened at $139.75 on Friday. The company has a market cap of $24.46 billion, a P/E ratio of 20.40, a P/E/G ratio of 0.42 and a beta of 1.75. The business’s 50-day moving average price is $145.40 and its 200-day moving average price is $165.66. 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.

Constellation Brands (NYSE:STZ) last released 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 firm had revenue of $2.32 billion for the quarter. On average, equities 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 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 yield of 2.9%. The ex-dividend date is Thursday, October 30th. Constellation Brands’s payout ratio is currently 59.56%.

About Constellation Brands

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.