Banco Bilbao Vizcaya Argentaria S.A. Acquires 2,490 Shares of Constellation Brands Inc $STZ

Banco Bilbao Vizcaya Argentaria S.A. boosted its holdings in Constellation Brands Inc (NYSE:STZ) by 7.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,200 shares of the company’s stock after purchasing an additional 2,490 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Constellation Brands were worth $5,561,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Zions Bancorporation National Association UT bought a new position in shares of Constellation Brands in the 1st quarter valued at about $38,000. Flaharty Asset Management LLC acquired a new position in Constellation Brands during the first quarter valued at approximately $39,000. WPG Advisers LLC acquired a new position in Constellation Brands during the first quarter valued at approximately $43,000. Hoey Investments Inc. bought a new position in Constellation Brands in the second quarter valued at approximately $40,000. Finally, Curio Wealth LLC increased its position in shares of 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.

Constellation Brands Stock Performance

Shares of STZ stock opened at $128.97 on Friday. The company has a market capitalization of $22.57 billion, a price-to-earnings ratio of 18.83, a PEG ratio of 0.39 and a beta of 1.75. 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 50-day simple moving average of $136.23 and a 200 day simple moving average of $159.48. Constellation Brands Inc has a 52 week low of $126.45 and a 52 week high of $245.31.

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

Constellation Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 13th. Investors of record on Thursday, October 30th were issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a 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 Upgrades and Downgrades

Several equities research analysts have recently commented on STZ shares. Deutsche Bank Aktiengesellschaft cut their price objective on Constellation Brands from $182.00 to $158.00 and set a “hold” rating for the company in a report on Wednesday, September 3rd. Zacks Research raised shares of Constellation Brands from a “strong sell” rating to a “hold” rating in a research report on Monday, November 3rd. Citigroup lowered their price objective on shares of Constellation Brands from $155.00 to $145.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 23rd. BNP Paribas Exane cut shares of Constellation Brands from a “neutral” rating to an “underperform” rating and set a $123.00 target price on the stock. in a report on Wednesday, September 3rd. Finally, Jefferies Financial Group reduced their price target on Constellation Brands from $205.00 to $179.00 and set a “buy” rating for the company in a report on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $186.44.

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.