First Command Advisory Services Inc. Cuts Position in Constellation Brands Inc $STZ

First Command Advisory Services Inc. decreased its holdings in Constellation Brands Inc (NYSE:STZ) by 9.9% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 2,267 shares of the company’s stock after selling 250 shares during the quarter. First Command Advisory Services Inc.’s holdings in Constellation Brands were worth $369,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Constellation Brands by 18.6% in the first quarter. Vanguard Group Inc. now owns 18,417,604 shares of the company’s stock valued at $3,379,999,000 after buying an additional 2,882,817 shares during the period. Wellington Management Group LLP raised its holdings in Constellation Brands by 127.9% in the first quarter. Wellington Management Group LLP now owns 4,480,788 shares of the company’s stock valued at $822,314,000 after buying an additional 2,514,517 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Constellation Brands by 7.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,922,122 shares of the company’s stock valued at $352,748,000 after buying an additional 139,158 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Constellation Brands by 4.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,693,827 shares of the company’s stock valued at $310,851,000 after purchasing an additional 76,186 shares during the period. Finally, Northern Trust Corp raised its stake in shares of Constellation Brands by 1.2% during the first quarter. Northern Trust Corp now owns 1,534,357 shares of the company’s stock valued at $281,585,000 after purchasing an additional 17,832 shares during the period. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on STZ. Barclays dropped their price objective on shares of Constellation Brands from $150.00 to $147.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 9th. UBS Group set a $160.00 price objective on shares of Constellation Brands in a research note on Tuesday, October 7th. Sanford C. Bernstein dropped their price objective on shares of Constellation Brands from $225.00 to $195.00 and set an “outperform” rating on the stock in a research note on Thursday, September 4th. TD Cowen dropped their price objective on shares of 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, Weiss Ratings upgraded shares of Constellation Brands from a “sell (d)” rating to a “hold (c-)” rating in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $186.44.

Constellation Brands Stock Down 0.0%

STZ stock opened at $139.65 on Monday. Constellation Brands Inc has a twelve month low of $131.20 and a twelve month high of $245.31. The company has a current ratio of 1.08, a quick ratio of 0.54 and a debt-to-equity ratio of 1.26. The company has a market capitalization of $24.44 billion, a P/E ratio of 20.39, a PEG ratio of 0.42 and a beta of 1.75. The firm has a 50 day simple moving average of $144.83 and a 200-day simple moving average of $165.28.

Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Thursday, February 23rd. The company reported $3.12 earnings per share for the quarter. Constellation Brands had a net margin of 11.88% and a return on equity of 29.82%. The business 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 fiscal year.

Constellation Brands Dividend Announcement

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