Bank of New York Mellon Corp lessened its stake in Constellation Brands, Inc. Class A (NYSE:STZ) by 7.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,807,324 shares of the company’s stock after selling 145,126 shares during the period. Bank of New York Mellon Corp owned about 0.95% of Constellation Brands, Inc. Class A worth $395,568,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Clarus Wealth Advisors bought a new stake in shares of Constellation Brands, Inc. Class A in the second quarter worth $111,000. Benjamin F. Edwards & Company Inc. increased its stake in shares of Constellation Brands, Inc. Class A by 227.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 527 shares of the company’s stock worth $115,000 after buying an additional 366 shares during the last quarter. Jacobi Capital Management LLC increased its stake in shares of Constellation Brands, Inc. Class A by 103.6% in the first quarter. Jacobi Capital Management LLC now owns 507 shares of the company’s stock worth $116,000 after buying an additional 258 shares during the last quarter. Stelac Advisory Services LLC bought a new stake in shares of Constellation Brands, Inc. Class A in the second quarter worth $125,000. Finally, Signaturefd LLC bought a new stake in shares of Constellation Brands, Inc. Class A in the first quarter worth $137,000. Institutional investors and hedge funds own 73.66% of the company’s stock.

A number of research firms have commented on STZ. Deutsche Bank decreased their price objective on shares of Constellation Brands, Inc. Class A to $234.00 and set a “buy” rating for the company in a report on Thursday, July 5th. Morgan Stanley decreased their price objective on shares of Constellation Brands, Inc. Class A from $262.00 to $258.00 and set a “buy” rating for the company in a report on Tuesday, July 3rd. Stifel Nicolaus decreased their price objective on shares of Constellation Brands, Inc. Class A from $230.00 to $224.00 and set a “hold” rating for the company in a report on Monday, July 2nd. Pivotal Research reaffirmed 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. Finally, ValuEngine raised shares of Constellation Brands, Inc. Class A from a “hold” rating to a “buy” rating in a report on Thursday, June 28th. Five analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Constellation Brands, Inc. Class A currently has an average rating of “Buy” and an average target price of $249.74.

Constellation Brands, Inc. Class A stock opened at $213.83 on Tuesday. The firm 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. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.81 and a quick ratio of 0.77. Constellation Brands, Inc. Class A has a 12 month low of $195.89 and a 12 month high of $236.62.

Constellation Brands, Inc. Class A (NYSE:STZ) last announced its quarterly earnings results on Friday, June 29th. The company reported $2.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.42 by ($0.22). Constellation Brands, Inc. Class A had a net margin of 31.51% and a return on equity of 19.81%. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.05 billion. During the same period last year, the firm posted $2.34 EPS. The business’s revenue was up 6.1% compared to the same quarter last year. analysts anticipate that Constellation Brands, Inc. Class A will post 9.57 earnings per share for the current fiscal 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 issued a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend is Thursday, August 9th. Constellation Brands, Inc. Class A’s dividend payout ratio (DPR) is 10.67%.

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.

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

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