Constellation Brands Inc $STZ Stock Holdings Decreased by Cwm LLC

Cwm LLC reduced its position in Constellation Brands Inc (NYSE:STZ) by 25.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,709 shares of the company’s stock after selling 1,620 shares during the period. Cwm LLC’s holdings in Constellation Brands were worth $766,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in STZ. Strategic Financial Concepts LLC boosted its holdings in shares of Constellation Brands by 5.8% during the first quarter. Strategic Financial Concepts LLC now owns 1,128 shares of the company’s stock worth $207,000 after purchasing an additional 62 shares during the period. World Investment Advisors boosted its holdings in shares of Constellation Brands by 1.7% during the first quarter. World Investment Advisors now owns 3,801 shares of the company’s stock worth $698,000 after purchasing an additional 62 shares during the period. V Square Quantitative Management LLC boosted its holdings in shares of Constellation Brands by 3.8% during the second quarter. V Square Quantitative Management LLC now owns 1,682 shares of the company’s stock worth $274,000 after purchasing an additional 62 shares during the period. Bessemer Group Inc. boosted its holdings in shares of Constellation Brands by 3.0% during the first quarter. Bessemer Group Inc. now owns 2,242 shares of the company’s stock worth $412,000 after purchasing an additional 65 shares during the period. Finally, Oak Asset Management LLC boosted its holdings in shares of Constellation Brands by 0.4% during the second quarter. Oak Asset Management LLC now owns 18,281 shares of the company’s stock worth $2,974,000 after purchasing an additional 70 shares during the period. 77.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

STZ has been the subject of several research reports. UBS Group set a $160.00 price target on shares of Constellation Brands in a report on Tuesday, October 7th. Barclays reduced their target price on shares of 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. Sanford C. Bernstein decreased their target price on shares of Constellation Brands from $225.00 to $195.00 and set an “outperform” rating for the company in a research report on Thursday, September 4th. JPMorgan Chase & Co. decreased their target price on shares of Constellation Brands from $173.00 to $153.00 and set a “neutral” rating for the company in a research report on Wednesday, October 8th. Finally, Jefferies Financial Group decreased their target price on shares of Constellation Brands from $205.00 to $179.00 and set a “buy” rating for the company in a research report on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have assigned a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $186.44.

Constellation Brands Price Performance

Shares of Constellation Brands stock opened at $140.27 on Thursday. The firm has a fifty day simple moving average of $146.00 and a 200-day simple moving average of $165.88. The company has a current ratio of 1.08, a quick ratio of 0.54 and a debt-to-equity ratio of 1.26. Constellation Brands Inc has a 1-year low of $131.20 and a 1-year high of $245.31. The stock has a market capitalization of $24.55 billion, a price-to-earnings ratio of 20.48, a PEG ratio of 0.42 and a beta of 0.66.

Constellation Brands (NYSE:STZ) last released its earnings results on Thursday, February 23rd. The company reported $3.12 EPS for the quarter. The firm 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%. On average, sell-side analysts expect that Constellation Brands Inc will post 13.5 earnings per share for the current year.

Constellation Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 13th. Investors of record on Thursday, October 30th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.9%. The ex-dividend date is Thursday, October 30th. Constellation Brands’s dividend 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.