Osaic Holdings Inc. Acquires 4,871 Shares of Constellation Brands Inc $STZ

Osaic Holdings Inc. boosted its holdings in shares of Constellation Brands Inc (NYSE:STZ) by 9.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 57,047 shares of the company’s stock after purchasing an additional 4,871 shares during the quarter. Osaic Holdings Inc.’s holdings in Constellation Brands were worth $9,298,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in STZ. Orion Porfolio Solutions LLC lifted its holdings in shares of Constellation Brands by 10.6% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 6,672 shares of the company’s stock valued at $1,085,000 after acquiring an additional 638 shares during the last quarter. Cim Investment Management Inc. increased its position in shares of Constellation Brands by 99.6% during the 2nd quarter. Cim Investment Management Inc. now owns 11,745 shares of the company’s stock valued at $1,911,000 after purchasing an additional 5,860 shares during the last quarter. Coppell Advisory Solutions LLC lifted its position in Constellation Brands by 14.3% in the second quarter. Coppell Advisory Solutions LLC now owns 1,935 shares of the company’s stock worth $312,000 after buying an additional 242 shares during the last quarter. Newbridge Financial Services Group Inc. purchased a new position in Constellation Brands during the second quarter worth $49,000. Finally, Marex Group plc bought a new position in Constellation Brands during the second quarter valued at $1,889,000. 77.34% of the stock is owned by hedge funds and other institutional investors.

Constellation Brands Stock Down 1.3%

Constellation Brands stock opened at $134.96 on Friday. The company has a quick ratio of 0.54, a current ratio of 1.08 and a debt-to-equity ratio of 1.26. The firm has a market cap of $23.62 billion, a P/E ratio of 19.70, a P/E/G ratio of 0.41 and a beta of 0.46. The business has a fifty day moving average of $136.23 and a two-hundred day moving average of $151.06. Constellation Brands Inc has a twelve month low of $126.45 and a twelve month high of $229.07.

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

Constellation Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 13th. Shareholders of record on Thursday, October 30th were given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Thursday, October 30th. Constellation Brands’s dividend payout ratio is presently 59.56%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on STZ shares. Needham & Company LLC reaffirmed a “buy” rating and set a $180.00 price target on shares of Constellation Brands in a research note on Wednesday, October 8th. The Goldman Sachs Group reduced their price target on Constellation Brands from $196.00 to $168.00 and set a “buy” rating on the stock in a report on Thursday, October 2nd. BMO Capital Markets cut their price objective 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. TD Cowen decreased their target price on Constellation Brands from $180.00 to $152.00 and set a “hold” rating for the company in a research report on Thursday, September 4th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $160.00 price target on shares of Constellation Brands in a research note on Monday, December 15th. One research 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 company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $181.96.

About Constellation Brands

Constellation Brands, Inc is a leading producer and marketer of beer, wine and spirits, with operations spanning production, importation, marketing and distribution. The company’s beverage portfolio includes a range of premium and mainstream wines and spirits alongside major imported beer brands; in the U.S. market Constellation is widely known for its role in bringing Mexican imports such as Corona and Modelo to American consumers. Constellation supplies retail, on‑premise and foodservice channels and supports its brands with national sales and marketing platforms and supply‑chain capabilities.

The company traces its roots to the Canandaigua Wine Company, founded by Marvin Sands in 1945, and evolved through organic growth and acquisition into a diversified beverage company.