Generali Asset Management SPA SGR Sells 12,910 Shares of Constellation Brands Inc $STZ

Generali Asset Management SPA SGR reduced its stake in Constellation Brands Inc (NYSE:STZ) by 73.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,659 shares of the company’s stock after selling 12,910 shares during the period. Generali Asset Management SPA SGR’s holdings in Constellation Brands were worth $627,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Bank Pictet & Cie Europe AG raised its holdings in Constellation Brands by 6.6% during the 3rd quarter. Bank Pictet & Cie Europe AG now owns 4,011 shares of the company’s stock valued at $540,000 after buying an additional 247 shares during the last quarter. Salomon & Ludwin LLC purchased a new position in shares of Constellation Brands in the third quarter valued at about $30,000. XML Financial LLC increased its position in shares of Constellation Brands by 80.4% in the third quarter. XML Financial LLC now owns 3,949 shares of the company’s stock valued at $532,000 after acquiring an additional 1,760 shares during the period. Ascent Group LLC bought a new position in shares of Constellation Brands during the third quarter valued at about $730,000. Finally, LVW Advisors LLC boosted its holdings in shares of Constellation Brands by 29.0% during the third quarter. LVW Advisors LLC now owns 2,328 shares of the company’s stock worth $314,000 after purchasing an additional 523 shares during the period. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Constellation Brands Price Performance

STZ opened at $141.11 on Monday. The company has a current ratio of 1.08, a quick ratio of 0.54 and a debt-to-equity ratio of 1.26. The company has a market cap of $24.70 billion, a price-to-earnings ratio of 20.60, a price-to-earnings-growth ratio of 0.42 and a beta of 0.45. The stock has a fifty day simple moving average of $136.06 and a two-hundred day simple moving average of $148.93. Constellation Brands Inc has a 12-month low of $126.45 and a 12-month high of $228.89.

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

Wall Street Analysts Forecast Growth

STZ has been the topic of a number of research analyst reports. 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. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $160.00 price objective on shares of Constellation Brands in a research report on Monday, December 15th. JPMorgan Chase & Co. began coverage on Constellation Brands in a report on Friday, November 7th. They set a “neutral” rating and a $153.00 target price for the company. UBS Group set a $160.00 price target on shares of Constellation Brands in a report on Tuesday, October 7th. Finally, Wells Fargo & Company reduced their price objective on shares of Constellation Brands from $170.00 to $155.00 and set an “overweight” rating on the stock in a research report on Thursday, September 25th. One equities 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 given a Sell rating to the company. Based on data from MarketBeat, Constellation Brands currently has an average rating of “Hold” and a consensus target price 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.