Howe & Rusling Inc. Decreases Stake in Constellation Brands Inc $STZ

Howe & Rusling Inc. lessened its holdings in shares of Constellation Brands Inc (NYSE:STZ) by 12.8% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,061 shares of the company’s stock after selling 2,058 shares during the quarter. Howe & Rusling Inc.’s holdings in Constellation Brands were worth $2,287,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of STZ. Zions Bancorporation National Association UT acquired a new stake in shares of Constellation Brands in the first quarter worth $38,000. Flaharty Asset Management LLC acquired a new position in shares of Constellation Brands during the 1st quarter valued at $39,000. WPG Advisers LLC purchased a new stake in Constellation Brands during the 1st quarter worth $43,000. Hoey Investments Inc. acquired a new stake in Constellation Brands in the 2nd quarter valued at $40,000. Finally, Curio Wealth LLC raised its position in Constellation Brands by 29,900.0% in the second quarter. Curio Wealth LLC now owns 300 shares of the company’s stock valued at $49,000 after purchasing an additional 299 shares during the period. 77.34% of the stock is owned by institutional investors and hedge funds.

Constellation Brands Stock Performance

Shares of STZ opened at $129.40 on Thursday. The firm has a market cap of $22.65 billion, a price-to-earnings ratio of 18.89, a PEG ratio of 0.39 and a beta of 1.75. The company has a quick ratio of 0.54, a current ratio of 1.08 and a debt-to-equity ratio of 1.26. The business’s 50 day moving average is $135.36 and its two-hundred day moving average is $158.30. Constellation Brands Inc has a 52-week low of $126.45 and a 52-week high of $245.31.

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. The business 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%. Analysts forecast that Constellation Brands Inc will post 13.5 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Stockholders of record on Thursday, October 30th were given a $1.02 dividend. The ex-dividend date of this dividend was Thursday, October 30th. This represents a $4.08 annualized dividend and a dividend yield of 3.2%. Constellation Brands’s payout ratio is presently 59.56%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Barclays decreased their target price on Constellation Brands from $150.00 to $147.00 and set an “equal weight” rating for the company in a research report on Thursday, October 9th. TD Cowen reduced their price target on Constellation Brands from $180.00 to $152.00 and set a “hold” rating on the stock in a research report on Thursday, September 4th. UBS Group set a $160.00 price objective on shares of Constellation Brands in a research report on Tuesday, October 7th. Bank of America dropped their price objective on shares of Constellation Brands from $150.00 to $142.00 and set an “underperform” rating on the stock in a research note on Wednesday, September 3rd. Finally, The Goldman Sachs Group decreased their target price on shares of Constellation Brands from $196.00 to $168.00 and set a “buy” rating for the company in a research note on Thursday, October 2nd. One research 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, Constellation Brands currently has an average rating of “Hold” and a consensus price target of $186.44.

Constellation Brands 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.