Constellation Brands Inc $STZ Shares Sold by World Investment Advisors

World Investment Advisors trimmed its holdings in shares of Constellation Brands Inc (NYSE:STZ) by 27.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,754 shares of the company’s stock after selling 1,047 shares during the quarter. World Investment Advisors’ holdings in Constellation Brands were worth $448,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in STZ. Zions Bancorporation National Association UT acquired a new stake in Constellation Brands in the first quarter worth about $38,000. Flaharty Asset Management LLC purchased a new position in shares of Constellation Brands in the 1st quarter valued at approximately $39,000. Hoey Investments Inc. acquired a new stake in Constellation Brands in the 2nd quarter worth approximately $40,000. WPG Advisers LLC acquired a new stake in Constellation Brands in the 1st quarter worth approximately $43,000. Finally, Curio Wealth LLC grew its position in Constellation Brands by 29,900.0% during the 2nd quarter. Curio Wealth LLC now owns 300 shares of the company’s stock worth $49,000 after purchasing an additional 299 shares during the last quarter. 77.34% of the stock is owned by institutional investors and hedge funds.

Constellation Brands Stock Performance

NYSE STZ opened at $130.73 on Tuesday. The firm has a market capitalization of $22.88 billion, a P/E ratio of 19.09, a PEG ratio of 0.39 and a beta of 1.75. The stock has a 50-day simple moving average of $140.82 and a two-hundred day simple moving average of $162.92. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.54 and a current ratio of 1.08. Constellation Brands Inc has a fifty-two week low of $127.00 and a fifty-two week high of $245.31.

Constellation Brands (NYSE:STZ) last issued its earnings results on Thursday, February 23rd. The company reported $3.12 EPS for the quarter. The firm had revenue of $2.32 billion for the quarter. Constellation Brands had a return on equity of 29.82% and a net margin of 11.88%. On average, equities analysts forecast that Constellation Brands Inc will post 13.5 earnings per share for the current year.

Constellation Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 13th. Stockholders of record on Thursday, October 30th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Thursday, October 30th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.1%. Constellation Brands’s dividend payout ratio (DPR) is presently 59.56%.

Analysts Set New Price Targets

STZ has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Constellation Brands from $182.00 to $158.00 and set a “hold” rating for the company in a report on Wednesday, September 3rd. UBS Group set a $160.00 target price on Constellation Brands in a research note on Tuesday, October 7th. Bank of America dropped their price target on Constellation Brands from $150.00 to $142.00 and set an “underperform” rating on the stock in a research note on Wednesday, September 3rd. TD Cowen cut their price objective on Constellation Brands from $180.00 to $152.00 and set a “hold” rating on the stock in a report on Thursday, September 4th. Finally, Wells Fargo & Company decreased their target price on Constellation Brands from $170.00 to $155.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. One equities 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 assigned a Sell rating to the stock. According to data from MarketBeat, Constellation Brands 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.