Affinity Investment Advisors LLC reduced its stake in shares of Constellation Brands, Inc. Class A (NYSE:STZ) by 98.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 921 shares of the company’s stock after selling 55,162 shares during the quarter. Affinity Investment Advisors LLC’s holdings in Constellation Brands, Inc. Class A were worth $202,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Lee Capital Management LP purchased a new position in Constellation Brands, Inc. Class A during the first quarter valued at approximately $1,042,000. Hilton Capital Management LLC purchased a new position in Constellation Brands, Inc. Class A during the first quarter valued at approximately $269,000. Toth Financial Advisory Corp raised its position in Constellation Brands, Inc. Class A by 1,469.8% during the second quarter. Toth Financial Advisory Corp now owns 675 shares of the company’s stock valued at $148,000 after acquiring an additional 632 shares in the last quarter. Arrow Financial Corp raised its position in Constellation Brands, Inc. Class A by 4.0% during the second quarter. Arrow Financial Corp now owns 8,946 shares of the company’s stock valued at $1,958,000 after acquiring an additional 341 shares in the last quarter. Finally, Fisher Asset Management LLC purchased a new position in Constellation Brands, Inc. Class A during the second quarter valued at approximately $479,000. Institutional investors own 73.66% of the company’s stock.

Shares of STZ opened at $213.83 on Tuesday. The company has a current ratio of 1.81, a quick ratio of 0.77 and a debt-to-equity ratio of 0.89. Constellation Brands, Inc. Class A has a 12 month low of $195.89 and a 12 month high of $236.62. The company has a market capitalization of $40.78 billion, a price-to-earnings ratio of 24.52, a price-to-earnings-growth ratio of 1.93 and a beta of 0.03.

Constellation Brands, Inc. Class A (NYSE:STZ) last issued its quarterly earnings results on Friday, June 29th. The company reported $2.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.42 by ($0.22). The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.05 billion. Constellation Brands, Inc. Class A had a return on equity of 19.81% and a net margin of 31.51%. The business’s revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.34 earnings per share. research analysts anticipate that Constellation Brands, Inc. Class A will post 9.57 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 24th. Stockholders of record on Friday, August 10th will be paid a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date is Thursday, August 9th. Constellation Brands, Inc. Class A’s dividend payout ratio is presently 10.67%.

Several research analysts recently weighed in on the company. Stifel Nicolaus reduced their price target on Constellation Brands, Inc. Class A from $230.00 to $224.00 and set a “hold” rating for the company in a research report on Monday, July 2nd. ValuEngine raised Constellation Brands, Inc. Class A from a “hold” rating to a “buy” rating in a report on Thursday, June 28th. Pivotal Research reissued a “buy” rating and issued a $285.00 price objective on shares of Constellation Brands, Inc. Class A in a report on Friday, June 29th. Deutsche Bank dropped their price objective on Constellation Brands, Inc. Class A to $234.00 and set a “buy” rating on the stock in a report on Thursday, July 5th. Finally, Morgan Stanley dropped their price objective on Constellation Brands, Inc. Class A from $262.00 to $258.00 and set a “buy” rating on the stock in a report on Tuesday, July 3rd. Five research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $249.74.

Constellation Brands, Inc. Class A Profile

Constellation Brands, Inc, together with its subsidiaries, produces, imports, and markets beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company sells wine across various categories, including table wine, sparkling wine, and dessert wine. It provides beer primarily under the Corona Extra, Corona Light, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands, as well as Funky Buddha, Obregon Brewery, and Ballast Point brands.

Further Reading: What is a Leveraged Buyout (LBO)?

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Institutional Ownership by Quarter for Constellation Brands, Inc. Class A (NYSE:STZ)

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