Cullen Frost Bankers Inc. trimmed its position in Constellation Brands Inc (NYSE:STZ – Free Report) by 93.1% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,530 shares of the company’s stock after selling 60,878 shares during the period. Cullen Frost Bankers Inc.’s holdings in Constellation Brands were worth $610,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of STZ. Gilbert & Cook Inc. grew its position in shares of Constellation Brands by 2.6% in the 2nd quarter. Gilbert & Cook Inc. now owns 2,385 shares of the company’s stock worth $388,000 after acquiring an additional 60 shares in the last quarter. V Square Quantitative Management LLC lifted its stake in Constellation Brands by 3.8% during the second quarter. V Square Quantitative Management LLC now owns 1,682 shares of the company’s stock worth $274,000 after purchasing an additional 62 shares during the last quarter. Private Trust Co. NA boosted its holdings in Constellation Brands by 0.7% in the third quarter. Private Trust Co. NA now owns 11,001 shares of the company’s stock worth $1,481,000 after purchasing an additional 75 shares during the period. Rise Advisors LLC increased its stake in Constellation Brands by 8.8% during the third quarter. Rise Advisors LLC now owns 937 shares of the company’s stock valued at $126,000 after purchasing an additional 76 shares during the last quarter. Finally, RNC Capital Management LLC raised its holdings in shares of Constellation Brands by 0.6% during the second quarter. RNC Capital Management LLC now owns 13,561 shares of the company’s stock worth $2,206,000 after purchasing an additional 77 shares during the period. Institutional investors and hedge funds own 77.34% of the company’s stock.
Constellation Brands Stock Down 0.2%
STZ opened at $161.16 on Wednesday. The stock’s 50 day moving average price is $144.13 and its 200 day moving average price is $147.44. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.34 and a quick ratio of 0.70. The stock has a market cap of $27.95 billion, a P/E ratio of 25.42, a P/E/G ratio of 0.48 and a beta of 0.45. Constellation Brands Inc has a 12 month low of $126.45 and a 12 month high of $196.91.
Constellation Brands Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, February 12th. Shareholders of record on Thursday, January 29th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Thursday, January 29th. This represents a $4.08 annualized dividend and a yield of 2.5%. Constellation Brands’s dividend payout ratio (DPR) is presently 64.35%.
Analysts Set New Price Targets
STZ has been the subject of several research reports. Citigroup lifted their price target on shares of Constellation Brands from $148.00 to $155.00 and gave the company a “neutral” rating in a report on Friday, January 9th. JPMorgan Chase & Co. started coverage on Constellation Brands in a research note on Friday, November 7th. They issued a “neutral” rating and a $153.00 target price for the company. Zacks Research upgraded Constellation Brands from a “strong sell” rating to a “hold” rating in a research report on Monday, November 3rd. BMO Capital Markets reissued an “outperform” rating and issued a $190.00 price target on shares of Constellation Brands in a report on Friday, January 9th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $160.00 price objective on shares of Constellation Brands in a research note on Monday, December 15th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $176.91.
Read Our Latest Analysis on Constellation Brands
Constellation Brands Profile
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.
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