ABN Amro Investment Solutions Acquires New Stake in Constellation Brands Inc $STZ

ABN Amro Investment Solutions bought a new stake in shares of Constellation Brands Inc (NYSE:STZ) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 21,774 shares of the company’s stock, valued at approximately $3,542,000.

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

Wall Street Analysts Forecast Growth

STZ has been the subject of several recent analyst reports. Morgan Stanley reduced their target price on shares of Constellation Brands from $176.00 to $160.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 7th. Needham & Company LLC reissued a “buy” rating and set a $180.00 price target on shares of Constellation Brands in a report on Wednesday, October 8th. UBS Group set a $160.00 price objective on shares of Constellation Brands in a research report on Tuesday, October 7th. BMO Capital Markets dropped their target price on Constellation Brands from $215.00 to $190.00 and set an “outperform” rating on the stock in a research report on Thursday, September 4th. Finally, Barclays reduced their price target on Constellation Brands from $150.00 to $147.00 and set an “equal weight” rating for the company in a report on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $186.44.

Constellation Brands Stock Down 0.5%

STZ opened at $129.72 on Friday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.54 and a current ratio of 1.08. The company has a market cap of $22.71 billion, a price-to-earnings ratio of 18.94, a PEG ratio of 0.39 and a beta of 1.75. Constellation Brands Inc has a one year low of $126.45 and a one year high of $245.31. The business’s fifty day moving average is $136.62 and its two-hundred day moving average is $160.06.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Thursday, February 23rd. The company reported $3.12 EPS for the quarter. Constellation Brands had a net margin of 11.88% and a return on equity of 29.82%. The business had revenue of $2.32 billion for the quarter. Analysts anticipate that Constellation Brands Inc will post 13.5 EPS for the current fiscal year.

Constellation Brands Announces Dividend

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