Rhumbline Advisers Sells 4,635 Shares of Constellation Brands Inc $STZ

Rhumbline Advisers decreased its holdings in Constellation Brands Inc (NYSE:STZ) by 1.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 298,323 shares of the company’s stock after selling 4,635 shares during the period. Rhumbline Advisers owned 0.17% of Constellation Brands worth $48,531,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of STZ. Mufg Securities Americas Inc. boosted its holdings in Constellation Brands by 23.3% in the 2nd quarter. Mufg Securities Americas Inc. now owns 3,392 shares of the company’s stock worth $552,000 after buying an additional 641 shares during the period. AXQ Capital LP purchased a new stake in shares of Constellation Brands during the second quarter worth $1,748,000. Archer Investment Corp boosted its holdings in shares of Constellation Brands by 34.3% in the second quarter. Archer Investment Corp now owns 587 shares of the company’s stock worth $96,000 after acquiring an additional 150 shares during the period. Mediolanum International Funds Ltd grew its position in shares of Constellation Brands by 120.6% in the second quarter. Mediolanum International Funds Ltd now owns 7,065 shares of the company’s stock valued at $1,140,000 after purchasing an additional 3,863 shares in the last quarter. Finally, Swiss National Bank raised its stake in shares of Constellation Brands by 7.3% during the 2nd quarter. Swiss National Bank now owns 492,300 shares of the company’s stock valued at $80,087,000 after purchasing an additional 33,500 shares during the period. 77.34% of the stock is currently owned by hedge funds and other institutional investors.

Constellation Brands Price Performance

STZ stock opened at $132.31 on Tuesday. The firm has a 50 day simple moving average of $134.93 and a two-hundred day simple moving average of $156.88. The stock has a market cap of $23.16 billion, a PE ratio of 19.32, a P/E/G ratio of 0.39 and a beta of 1.75. Constellation Brands Inc has a one year low of $126.45 and a one year high of $245.31. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.08 and a quick ratio of 0.54.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings data 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 firm had revenue of $2.32 billion for the quarter. On average, analysts predict that Constellation Brands Inc will post 13.5 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 13th. Shareholders of record on Thursday, October 30th were paid a dividend of $1.02 per share. The ex-dividend date of this dividend was Thursday, October 30th. This represents a $4.08 annualized dividend and a yield of 3.1%. Constellation Brands’s payout ratio is 59.56%.

Wall Street Analyst Weigh In

Several research analysts have commented on STZ shares. Zacks Research upgraded Constellation Brands from a “strong sell” rating to a “hold” rating in a research note on Monday, November 3rd. BNP Paribas Exane downgraded shares of Constellation Brands from a “neutral” rating to an “underperform” rating and set a $123.00 price target on the stock. in a report on Wednesday, September 3rd. Roth Capital reaffirmed a “buy” rating and set a $209.00 price objective (down previously from $239.00) on shares of Constellation Brands in a research note on Wednesday, September 3rd. BNP Paribas lowered shares of Constellation Brands from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 3rd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $180.00 price target on shares of Constellation Brands in a report on Wednesday, October 8th. One 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.com, Constellation Brands presently has an average rating of “Hold” and an average target price of $181.88.

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.