Forsta AP Fonden boosted its stake in shares of Constellation Brands, Inc. Class A (NYSE:STZ) by 16.9% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 113,000 shares of the company’s stock after purchasing an additional 16,300 shares during the period. Constellation Brands, Inc. Class A makes up approximately 0.9% of Forsta AP Fonden’s portfolio, making the stock its 28th biggest holding. Forsta AP Fonden’s holdings in Constellation Brands, Inc. Class A were worth $24,732,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Worldquant Millennium Quantitative Strategies LLC acquired a new stake in Constellation Brands, Inc. Class A during the 2nd quarter worth about $902,000. Colony Group LLC acquired a new stake in shares of Constellation Brands, Inc. Class A during the 2nd quarter valued at about $284,000. Tower Research Capital LLC TRC grew its position in shares of Constellation Brands, Inc. Class A by 6.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 12,227 shares of the company’s stock valued at $2,677,000 after acquiring an additional 765 shares during the period. Marshall Wace LLP grew its position in shares of Constellation Brands, Inc. Class A by 822.4% during the 2nd quarter. Marshall Wace LLP now owns 69,762 shares of the company’s stock valued at $15,269,000 after acquiring an additional 62,199 shares during the period. Finally, Signaturefd LLC grew its position in shares of Constellation Brands, Inc. Class A by 91.5% during the 2nd quarter. Signaturefd LLC now owns 1,155 shares of the company’s stock valued at $253,000 after acquiring an additional 552 shares during the period. 73.49% of the stock is currently owned by institutional investors.

A number of equities research analysts have recently commented on the company. ValuEngine upgraded Constellation Brands, Inc. Class A from a “hold” rating to a “buy” rating in a research report on Thursday, June 28th. OTR Global cut Constellation Brands, Inc. Class A to a “positive” rating in a research report on Friday, June 15th. Stifel Nicolaus raised their target price on Constellation Brands, Inc. Class A from $228.00 to $230.00 and gave the company a “hold” rating in a research report on Thursday, May 31st. Pivotal Research restated a “buy” rating and set a $285.00 target price on shares of Constellation Brands, Inc. Class A in a research report on Friday, June 29th. Finally, Morgan Stanley dropped their target price on Constellation Brands, Inc. Class A from $262.00 to $258.00 and set a “buy” rating on the stock in a research report on Tuesday, July 3rd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $245.37.

Shares of Constellation Brands, Inc. Class A stock opened at $214.83 on Friday. The stock has a market capitalization of $41.16 billion, a P/E ratio of 24.64, a P/E/G ratio of 2.12 and a beta of 0.03. Constellation Brands, Inc. Class A has a twelve month low of $197.32 and a twelve month high of $236.62. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.77 and a current ratio of 1.81.

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 for the quarter, missing the Zacks’ consensus estimate of $2.42 by ($0.22). The company had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.05 billion. Constellation Brands, Inc. Class A had a net margin of 31.51% and a return on equity of 19.81%. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.34 earnings per share. sell-side analysts forecast that Constellation Brands, Inc. Class A will post 9.33 EPS for the current year.

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

About Constellation Brands, Inc. Class A

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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