Profund Advisors LLC Sells 575 Shares of Constellation Brands Inc $STZ

Profund Advisors LLC decreased its stake in shares of Constellation Brands Inc (NYSE:STZ) by 22.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,990 shares of the company’s stock after selling 575 shares during the quarter. Profund Advisors LLC’s holdings in Constellation Brands were worth $324,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of STZ. Arlington Partners LLC acquired a new stake in shares of Constellation Brands in the 2nd quarter valued at about $2,333,000. AlphaQuest LLC boosted its holdings in Constellation Brands by 350.7% in the second quarter. AlphaQuest LLC now owns 5,178 shares of the company’s stock worth $842,000 after acquiring an additional 4,029 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Constellation Brands by 969.5% in the second quarter. Assenagon Asset Management S.A. now owns 83,656 shares of the company’s stock valued at $13,609,000 after acquiring an additional 75,834 shares during the period. Heritage Investors Management Corp grew its stake in Constellation Brands by 6.2% in the second quarter. Heritage Investors Management Corp now owns 146,827 shares of the company’s stock valued at $23,886,000 after acquiring an additional 8,613 shares during the period. Finally, Wesbanco Bank Inc. grew its stake in Constellation Brands by 10.7% in the second quarter. Wesbanco Bank Inc. now owns 43,329 shares of the company’s stock valued at $7,049,000 after acquiring an additional 4,204 shares during the period. Institutional investors and hedge funds own 77.34% of the company’s stock.

Constellation Brands Stock Performance

Shares of STZ stock opened at $128.97 on Friday. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.08 and a quick ratio of 0.54. The firm has a 50-day moving average of $136.23 and a 200-day moving average of $159.67. Constellation Brands Inc has a one year low of $126.45 and a one year high of $245.31. The company has a market cap of $22.57 billion, a P/E ratio of 18.83, a P/E/G ratio of 0.39 and a beta of 1.75.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Thursday, February 23rd. The company reported $3.12 earnings per share (EPS) 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%. Equities research analysts forecast that Constellation Brands Inc will post 13.5 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 13th. Investors of record on Thursday, October 30th were given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Thursday, October 30th. Constellation Brands’s dividend payout ratio (DPR) is presently 59.56%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on STZ. Zacks Research raised Constellation Brands from a “strong sell” rating to a “hold” rating in a research report on Monday, November 3rd. UBS Group set a $160.00 price objective on shares of Constellation Brands in a report on Tuesday, October 7th. BMO Capital Markets dropped their price objective on shares of Constellation Brands from $215.00 to $190.00 and set an “outperform” rating on the stock in a research note on Thursday, September 4th. TD Cowen decreased their target price on shares of Constellation Brands from $180.00 to $152.00 and set a “hold” rating for the company in a research report on Thursday, September 4th. Finally, Barclays lowered their target price on shares of Constellation Brands from $150.00 to $147.00 and set an “equal weight” rating on the stock in a report on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the stock 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.