Nisa Investment Advisors LLC Grows Stake in Constellation Brands Inc $STZ

Nisa Investment Advisors LLC lifted its holdings in shares of Constellation Brands Inc (NYSE:STZ) by 1.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 56,980 shares of the company’s stock after acquiring an additional 1,009 shares during the period. Nisa Investment Advisors LLC’s holdings in Constellation Brands were worth $9,270,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. raised its holdings in Constellation Brands by 131.8% during the second quarter. Oppenheimer Asset Management Inc. now owns 17,060 shares of the company’s stock worth $2,775,000 after purchasing an additional 9,700 shares in the last quarter. AG2R LA Mondiale Gestion D Actifs boosted its holdings in shares of Constellation Brands by 5.6% in the 2nd quarter. AG2R LA Mondiale Gestion D Actifs now owns 7,045 shares of the company’s stock valued at $1,146,000 after buying an additional 371 shares in the last quarter. City State Bank grew its position in shares of Constellation Brands by 45.6% in the 2nd quarter. City State Bank now owns 639 shares of the company’s stock valued at $104,000 after buying an additional 200 shares during the last quarter. Curio Wealth LLC raised its stake in Constellation Brands by 29,900.0% during the 2nd quarter. Curio Wealth LLC now owns 300 shares of the company’s stock worth $49,000 after acquiring an additional 299 shares in the last quarter. Finally, Keeler Thomas Management LLC purchased a new stake in Constellation Brands in the second quarter valued at $905,000. 77.34% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft dropped their price objective on Constellation Brands from $182.00 to $158.00 and set a “hold” rating on the stock in a report on Wednesday, September 3rd. Weiss Ratings upgraded Constellation Brands from a “sell (d)” rating to a “hold (c-)” rating in a research note on Friday. The Goldman Sachs Group reduced their price objective on Constellation Brands from $196.00 to $168.00 and set a “buy” rating for the company in a research note on Thursday, October 2nd. BNP Paribas Exane downgraded Constellation Brands from a “neutral” rating to an “underperform” rating and set a $123.00 price objective for the company. in a report on Wednesday, September 3rd. Finally, UBS Group set a $160.00 target price on shares of Constellation Brands in a report on Tuesday, October 7th. 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 given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $186.44.

Constellation Brands Stock Performance

Shares of STZ opened at $138.01 on Tuesday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.54 and a current ratio of 1.08. The stock has a market capitalization of $24.16 billion, a P/E ratio of 20.15, a P/E/G ratio of 0.42 and a beta of 0.66. The company’s fifty day moving average is $144.26 and its two-hundred day moving average is $164.96. Constellation Brands Inc has a 1 year low of $131.20 and a 1 year high of $245.31.

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

Constellation Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 13th. Shareholders of record on Thursday, October 30th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend 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.