Edmond DE Rothschild Holding S.A. Boosts Stock Position in Constellation Brands Inc $STZ

Edmond DE Rothschild Holding S.A. boosted its stake in shares of Constellation Brands Inc (NYSE:STZ) by 12.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,468 shares of the company’s stock after acquiring an additional 2,662 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in Constellation Brands were worth $3,818,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. Gilbert & Cook Inc. lifted its holdings in shares of Constellation Brands by 2.6% during the second quarter. Gilbert & Cook Inc. now owns 2,385 shares of the company’s stock worth $388,000 after purchasing an additional 60 shares during the period. V Square Quantitative Management LLC raised its position in Constellation Brands by 3.8% during the 2nd quarter. V Square Quantitative Management LLC now owns 1,682 shares of the company’s stock worth $274,000 after buying an additional 62 shares during the last quarter. Oak Asset Management LLC lifted its stake in shares of Constellation Brands by 0.4% in the 2nd quarter. Oak Asset Management LLC now owns 18,281 shares of the company’s stock worth $2,974,000 after acquiring an additional 70 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of Constellation Brands by 9.9% in the first quarter. Geneos Wealth Management Inc. now owns 813 shares of the company’s stock valued at $149,000 after acquiring an additional 73 shares in the last quarter. Finally, Sheaff Brock Investment Advisors LLC increased its stake in shares of Constellation Brands by 5.9% during the first quarter. Sheaff Brock Investment Advisors LLC now owns 1,350 shares of the company’s stock worth $248,000 after acquiring an additional 75 shares during the period. Institutional investors and hedge funds own 77.34% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on STZ. Wells Fargo & Company reduced their price objective on shares of Constellation Brands from $170.00 to $155.00 and set an “overweight” rating for the company in a research report on Thursday, September 25th. Barclays cut their target price on Constellation Brands from $150.00 to $147.00 and set an “equal weight” rating for the company in a research note on Thursday, October 9th. Zacks Research upgraded Constellation Brands from a “strong sell” rating to a “hold” rating in a research note on Monday, November 3rd. Sanford C. Bernstein dropped their price objective on Constellation Brands from $225.00 to $195.00 and set an “outperform” rating on the stock in a report on Thursday, September 4th. Finally, Morgan Stanley reduced their target price on Constellation Brands from $176.00 to $160.00 and set an “equal weight” rating for the company in a report on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $181.88.

Constellation Brands Stock Up 0.0%

STZ opened at $132.17 on Wednesday. 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 company has a market cap of $23.14 billion, a price-to-earnings ratio of 19.30, a PEG 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 business’s fifty day moving average is $134.88 and its two-hundred day moving average is $156.48.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings results on Thursday, February 23rd. The company reported $3.12 earnings per share for the quarter. Constellation Brands had a return on equity of 29.82% and a net margin of 11.88%.The business had revenue of $2.32 billion during the quarter. Analysts anticipate that Constellation Brands Inc will post 13.5 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

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