Vontobel Holding Ltd. Boosts Stock Holdings in Constellation Brands Inc $STZ

Vontobel Holding Ltd. increased its stake in Constellation Brands Inc (NYSE:STZ) by 33.0% during the second quarter, according to its most recent filing with the SEC. The fund owned 6,648 shares of the company’s stock after buying an additional 1,650 shares during the quarter. Vontobel Holding Ltd.’s holdings in Constellation Brands were worth $1,081,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Citizens National Bank Trust Department boosted its holdings in shares of Constellation Brands by 27.2% in the 2nd quarter. Citizens National Bank Trust Department now owns 5,633 shares of the company’s stock worth $916,000 after buying an additional 1,205 shares during the last quarter. Plimoth Trust Co. LLC boosted its holdings in shares of Constellation Brands by 15.1% in the 2nd quarter. Plimoth Trust Co. LLC now owns 10,701 shares of the company’s stock worth $1,741,000 after buying an additional 1,405 shares during the last quarter. DAVENPORT & Co LLC boosted its holdings in shares of Constellation Brands by 6.6% in the 2nd quarter. DAVENPORT & Co LLC now owns 221,377 shares of the company’s stock worth $35,937,000 after buying an additional 13,722 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its holdings in shares of Constellation Brands by 6.0% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 1,993 shares of the company’s stock worth $324,000 after buying an additional 112 shares during the last quarter. Finally, Stock Yards Bank & Trust Co. boosted its holdings in shares of Constellation Brands by 1.1% in the 2nd quarter. Stock Yards Bank & Trust Co. now owns 102,662 shares of the company’s stock worth $16,701,000 after buying an additional 1,110 shares during the last quarter. 77.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on STZ shares. Zacks Research downgraded shares of Constellation Brands from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 9th. Deutsche Bank Aktiengesellschaft lowered their price objective on Constellation Brands from $182.00 to $158.00 and set a “hold” rating on the stock in a research note on Wednesday, September 3rd. Jefferies Financial Group reduced their price objective on shares of Constellation Brands from $205.00 to $179.00 and set a “buy” rating for the company in a research note on Wednesday, September 3rd. Needham & Company LLC reaffirmed a “buy” rating and set a $180.00 price objective on shares of Constellation Brands in a research note on Wednesday, October 8th. Finally, BNP Paribas cut shares of Constellation Brands from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $186.44.

Constellation Brands Stock Down 1.1%

STZ stock opened at $141.42 on Monday. 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’s 50 day moving average is $150.78 and its 200 day moving average is $167.96. The stock has a market cap of $24.93 billion, a price-to-earnings ratio of 20.65, a price-to-earnings-growth ratio of 0.42 and a beta of 0.66. Constellation Brands Inc has a 1-year low of $131.20 and a 1-year high of $247.63.

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. The company had revenue of $2.32 billion for the quarter. Constellation Brands had a net margin of 11.88% and a return on equity of 29.82%. Sell-side analysts predict that Constellation Brands Inc will post 13.5 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 13th. Shareholders of record on Thursday, October 30th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Thursday, October 30th. This represents a $4.08 annualized dividend and a yield of 2.9%. Constellation Brands’s dividend payout ratio is currently 59.56%.

Insider Transactions at Constellation Brands

In other Constellation Brands news, EVP James O. Bourdeau sold 821 shares of the company’s stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $169.00, for a total value of $138,749.00. Following the completion of the sale, the executive vice president owned 9,438 shares of the company’s stock, valued at $1,595,022. This represents a 8.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 12.45% of the stock is currently owned by corporate insiders.

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.