Constellation Brands, Inc. Class A (NYSE:STZ) Position Increased by Financial Counselors Inc.

Financial Counselors Inc. lifted its stake in shares of Constellation Brands, Inc. Class A (NYSE:STZ) by 12.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,403 shares of the company’s stock after acquiring an additional 1,022 shares during the quarter. Financial Counselors Inc.’s holdings in Constellation Brands, Inc. Class A were worth $2,058,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Lee Capital Management LP bought a new position in shares of Constellation Brands, Inc. Class A during the first quarter worth about $1,042,000. Hilton Capital Management LLC bought a new position in shares of Constellation Brands, Inc. Class A during the first quarter worth about $269,000. Arrow Financial Corp raised its position in shares of Constellation Brands, Inc. Class A by 4.0% during the second quarter. Arrow Financial Corp now owns 8,946 shares of the company’s stock worth $1,958,000 after acquiring an additional 341 shares during the last quarter. Toth Financial Advisory Corp raised its position in shares of Constellation Brands, Inc. Class A by 1,469.8% during the second quarter. Toth Financial Advisory Corp now owns 675 shares of the company’s stock worth $148,000 after acquiring an additional 632 shares during the last quarter. Finally, Fisher Asset Management LLC bought a new stake in Constellation Brands, Inc. Class A in the second quarter worth approximately $479,000. Institutional investors own 73.52% of the company’s stock.

STZ has been the subject of a number of research analyst reports. Cann lowered their target price on Constellation Brands, Inc. Class A from $234.00 to $226.00 and set a “buy” rating for the company in a report on Thursday, August 16th. Deutsche Bank lowered their target price on Constellation Brands, Inc. Class A from $234.00 to $226.00 and set a “buy” rating for the company in a report on Thursday, August 16th. OTR Global downgraded Constellation Brands, Inc. Class A to a “positive” rating in a report on Friday, June 15th. Morgan Stanley lowered their target price on Constellation Brands, Inc. Class A from $262.00 to $258.00 and set a “buy” rating for the company in a report on Tuesday, July 3rd. Finally, Stifel Nicolaus lifted their target price on Constellation Brands, Inc. Class A from $228.00 to $230.00 and gave the stock a “hold” rating in a report on Thursday, May 31st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $245.48.

Constellation Brands, Inc. Class A stock traded down $0.56 during mid-day trading on Friday, reaching $208.20. The stock had a trading volume of 1,980,400 shares, compared to its average volume of 1,874,381. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.77 and a current ratio of 1.81. Constellation Brands, Inc. Class A has a fifty-two week low of $197.25 and a fifty-two week high of $236.62. The stock has a market capitalization of $39.61 billion, a PE ratio of 23.85, a price-to-earnings-growth ratio of 1.95 and a beta of 0.03.

Constellation Brands, Inc. Class A (NYSE:STZ) last announced its quarterly earnings data on Friday, June 29th. The company reported $2.20 EPS for the quarter, missing the Zacks’ consensus estimate of $2.42 by ($0.22). Constellation Brands, Inc. Class A had a net margin of 31.51% and a return on equity of 19.81%. The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.05 billion. During the same period last year, the business posted $2.34 EPS. The company’s revenue was up 6.1% on a year-over-year basis. research analysts forecast that Constellation Brands, Inc. Class A will post 9.4 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, August 24th. Investors of record on Friday, August 10th were given a dividend of $0.74 per share. The ex-dividend date was Thursday, August 9th. This represents a $2.96 annualized dividend and a dividend yield of 1.42%. Constellation Brands, Inc. Class A’s payout ratio is 10.67%.

Constellation Brands, Inc. Class A Profile

Constellation Brands, Inc, together with its subsidiaries, produces, imports, and markets beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company sells wine across various categories, including table wine, sparkling wine, and dessert wine. It provides beer primarily under the Corona Extra, Corona Light, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands, as well as Funky Buddha, Obregon Brewery, and Ballast Point brands.

Further Reading: What is a Fiduciary?

Institutional Ownership by Quarter for Constellation Brands, Inc. Class A (NYSE:STZ)

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