Cetera Investment Advisers Increases Stock Position in Constellation Brands Inc $STZ

Cetera Investment Advisers boosted its holdings in shares of Constellation Brands Inc (NYSE:STZ) by 7.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,914 shares of the company’s stock after buying an additional 2,473 shares during the quarter. Cetera Investment Advisers’ holdings in Constellation Brands were worth $6,005,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of STZ. Vanguard Group Inc. boosted its position in Constellation Brands by 18.6% during the 1st quarter. Vanguard Group Inc. now owns 18,417,604 shares of the company’s stock valued at $3,379,999,000 after acquiring an additional 2,882,817 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Constellation Brands by 127.9% during the 1st quarter. Wellington Management Group LLP now owns 4,480,788 shares of the company’s stock worth $822,314,000 after purchasing an additional 2,514,517 shares during the last quarter. Geode Capital Management LLC boosted its position in Constellation Brands by 13.6% during the second quarter. Geode Capital Management LLC now owns 3,737,860 shares of the company’s stock valued at $605,293,000 after purchasing an additional 448,259 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Constellation Brands by 7.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,922,122 shares of the company’s stock valued at $352,748,000 after buying an additional 139,158 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Constellation Brands by 4.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,693,827 shares of the company’s stock valued at $310,851,000 after buying an additional 76,186 shares in the last quarter. Institutional investors own 77.34% of the company’s stock.

Constellation Brands Trading Up 2.4%

Constellation Brands stock opened at $133.59 on Monday. The stock has a 50-day moving average price of $134.99 and a 200 day moving average price of $157.30. The company has a market capitalization of $23.38 billion, a price-to-earnings ratio of 19.50, a price-to-earnings-growth ratio of 0.39 and a beta of 1.75. Constellation Brands Inc has a 52 week low of $126.45 and a 52 week high of $245.31. The company has a quick ratio of 0.54, a current ratio of 1.08 and a debt-to-equity ratio of 1.26.

Constellation Brands (NYSE:STZ) last issued 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 company had revenue of $2.32 billion for the quarter. Sell-side analysts anticipate that Constellation Brands Inc will post 13.5 EPS for the current year.

Constellation Brands Dividend Announcement

The firm 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 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%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Piper Sandler decreased their target price on shares of Constellation Brands from $155.00 to $135.00 and set a “neutral” rating for the company in a research report on Friday. Citigroup dropped their target price on 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 cut Constellation Brands from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 3rd. Sanford C. Bernstein dropped their price target on Constellation Brands from $225.00 to $195.00 and set an “outperform” rating on the stock in a research note on Thursday, September 4th. Finally, Bank of America decreased their price objective on shares of Constellation Brands from $150.00 to $142.00 and set an “underperform” rating for the company in a research report on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $185.04.

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.