City State Bank Increases Position in Constellation Brands Inc $STZ

City State Bank raised its holdings in shares of Constellation Brands Inc (NYSE:STZ) by 45.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 639 shares of the company’s stock after purchasing an additional 200 shares during the quarter. City State Bank’s holdings in Constellation Brands were worth $104,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in STZ. Arlington Partners LLC purchased a new position in Constellation Brands during the 2nd quarter valued at about $2,333,000. Assenagon Asset Management S.A. lifted its stake in shares of Constellation Brands by 969.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 83,656 shares of the company’s stock valued at $13,609,000 after purchasing an additional 75,834 shares during the period. Wesbanco Bank Inc. lifted its stake in shares of Constellation Brands by 10.7% in the 2nd quarter. Wesbanco Bank Inc. now owns 43,329 shares of the company’s stock valued at $7,049,000 after purchasing an additional 4,204 shares during the period. Glenview Trust co increased its holdings in Constellation Brands by 6.8% in the 1st quarter. Glenview Trust co now owns 69,427 shares of the company’s stock worth $12,741,000 after acquiring an additional 4,421 shares in the last quarter. Finally, Apollon Wealth Management LLC increased its holdings in Constellation Brands by 230.2% in the 2nd quarter. Apollon Wealth Management LLC now owns 6,471 shares of the company’s stock worth $1,053,000 after acquiring an additional 4,511 shares in the last quarter. Institutional investors own 77.34% of the company’s stock.

Constellation Brands Stock Down 0.0%

Shares of Constellation Brands stock opened at $139.65 on Friday. The stock has a 50-day moving average price of $144.83 and a 200 day moving average price of $165.41. The company has a market cap of $24.44 billion, a P/E ratio of 20.39, a P/E/G ratio of 0.42 and a beta of 0.66. 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 1 year low of $131.20 and a 1 year high of $245.31.

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

Constellation Brands Dividend Announcement

The firm 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 $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.9%. The ex-dividend date is Thursday, October 30th. Constellation Brands’s dividend payout ratio is currently 59.56%.

Analyst Ratings Changes

Several research analysts have recently weighed in on STZ shares. Zacks Research cut shares of Constellation Brands from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 9th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Constellation Brands from $182.00 to $158.00 and set a “hold” rating on the stock in a research note on Wednesday, September 3rd. TD Cowen reduced their target price on Constellation Brands from $180.00 to $152.00 and set a “hold” rating for the company in a report on Thursday, September 4th. Wells Fargo & Company cut their price target on Constellation Brands from $170.00 to $155.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. Finally, Jefferies Financial Group lowered 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. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $186.44.

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.