17 Capital Partners LLC Boosts Stake in Constellation Brands Inc $STZ

17 Capital Partners LLC raised its stake in shares of Constellation Brands Inc (NYSE:STZ) by 18.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,752 shares of the company’s stock after acquiring an additional 420 shares during the quarter. 17 Capital Partners LLC’s holdings in Constellation Brands were worth $448,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in STZ. Arlington Partners LLC purchased a new position in shares of Constellation Brands in the 2nd quarter worth approximately $2,333,000. AlphaQuest LLC boosted its stake in Constellation Brands by 350.7% in the second quarter. AlphaQuest LLC now owns 5,178 shares of the company’s stock valued at $842,000 after acquiring an additional 4,029 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in Constellation Brands by 969.5% in 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 last quarter. 49 Wealth Management LLC acquired a new position in shares of Constellation Brands during the second quarter worth $373,000. Finally, Heritage Investors Management Corp lifted its holdings in shares of Constellation Brands by 6.2% during the 2nd quarter. Heritage Investors Management Corp now owns 146,827 shares of the company’s stock valued at $23,886,000 after purchasing an additional 8,613 shares during the last quarter. 77.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Needham & Company LLC restated a “buy” rating and set a $180.00 target price on shares of Constellation Brands in a research note on Wednesday, October 8th. BNP Paribas Exane lowered Constellation Brands from a “neutral” rating to an “underperform” rating and set a $123.00 price target on the stock. in a research note on Wednesday, September 3rd. Roth Capital restated a “buy” rating and set a $209.00 price objective (down previously from $239.00) on shares of Constellation Brands in a report on Wednesday, September 3rd. Wells Fargo & Company lowered their target price on shares of Constellation Brands from $170.00 to $155.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. Finally, Barclays cut their price target on shares of Constellation Brands from $150.00 to $147.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $186.44.

Constellation Brands Stock Down 0.9%

NYSE:STZ opened at $129.40 on Thursday. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.08 and a quick ratio of 0.54. The company’s fifty day moving average price is $135.36 and its 200-day moving average price is $158.30. Constellation Brands Inc has a 1-year low of $126.45 and a 1-year high of $245.31. The firm has a market capitalization of $22.65 billion, a P/E ratio of 18.89, a PEG ratio of 0.39 and a beta of 1.75.

Constellation Brands (NYSE:STZ) last posted its earnings results on Thursday, February 23rd. The company reported $3.12 earnings per share (EPS) for the quarter. The company 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%. As a group, equities research analysts anticipate that Constellation Brands Inc will post 13.5 EPS for the current year.

Constellation Brands Dividend Announcement

The business also recently announced 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 59.56%.

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.