Ninety One UK Ltd Has $54.57 Million Stock Holdings in Constellation Brands, Inc. (NYSE:STZ)

Ninety One UK Ltd trimmed its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 18.7% in the second quarter, HoldingsChannel.com reports. The fund owned 233,307 shares of the company’s stock after selling 53,703 shares during the quarter. Ninety One UK Ltd’s holdings in Constellation Brands were worth $54,568,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in STZ. Center for Financial Planning Inc. lifted its position in shares of Constellation Brands by 285.7% during the 2nd quarter. Center for Financial Planning Inc. now owns 135 shares of the company’s stock worth $32,000 after buying an additional 100 shares during the last quarter. Alpha Paradigm Partners LLC acquired a new position in Constellation Brands in the 1st quarter worth about $35,000. Bedel Financial Consulting Inc. increased its holdings in Constellation Brands by 172.4% in the 2nd quarter. Bedel Financial Consulting Inc. now owns 158 shares of the company’s stock worth $37,000 after purchasing an additional 100 shares in the last quarter. Kelly Lawrence W & Associates Inc. CA acquired a new position in Constellation Brands in the 1st quarter worth about $39,000. Finally, Financial Insights Inc. acquired a new position in Constellation Brands in the 2nd quarter worth about $47,000. Hedge funds and other institutional investors own 70.41% of the company’s stock.

Shares of NYSE:STZ opened at $212.62 on Monday. The business’s 50 day simple moving average is $216.69 and its two-hundred day simple moving average is $227.47. The firm has a market cap of $40.84 billion, a P/E ratio of 33.33, a PEG ratio of 3.52 and a beta of 1.19. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.94 and a current ratio of 1.61. Constellation Brands, Inc. has a 52-week low of $160.63 and a 52-week high of $244.75.

Constellation Brands (NYSE:STZ) last posted its earnings results on Tuesday, June 29th. The company reported $2.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.35 by ($0.02). Constellation Brands had a net margin of 13.47% and a return on equity of 14.99%. The company had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter in the prior year, the business earned $2.30 EPS. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, equities analysts forecast that Constellation Brands, Inc. will post 10.04 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 24th. Stockholders of record on Tuesday, August 10th were issued a $0.76 dividend. The ex-dividend date of this dividend was Monday, August 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.43%. Constellation Brands’s dividend payout ratio is presently 30.49%.

Several brokerages have recently weighed in on STZ. Deutsche Bank Aktiengesellschaft decreased their price target on Constellation Brands from $242.00 to $234.00 and set a “hold” rating for the company in a research note on Monday. Jefferies Financial Group increased their price target on Constellation Brands from $295.00 to $298.00 and gave the company a “buy” rating in a research note on Monday, June 28th. Morgan Stanley increased their price target on Constellation Brands from $260.00 to $266.00 and gave the company an “overweight” rating in a research note on Thursday, July 1st. Credit Suisse Group increased their price target on Constellation Brands from $260.00 to $275.00 and gave the company an “outperform” rating in a research note on Thursday, July 1st. Finally, Barclays decreased their price target on Constellation Brands from $266.00 to $260.00 and set an “overweight” rating for the company in a research note on Thursday, September 16th. Nine equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $257.04.

Constellation Brands Company Profile

Constellation Brands, Inc engages in the production, marketing, and distribution of beer, wine, and spirits. It operates through the following segments: Beer, Wine and Spirits, and Corporate Operations and Other, and Canopy. The Beer segment includes imported and craft beer brands. The Wine and Spirits segment sells wine brands across all categories-table wine, sparkling wine, and dessert wine-and across all price points.

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Institutional Ownership by Quarter for Constellation Brands (NYSE:STZ)

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