Ameriflex Group Inc. Has $29,000 Holdings in Constellation Brands Inc $STZ

Ameriflex Group Inc. lessened its position in Constellation Brands Inc (NYSE:STZ) by 71.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 179 shares of the company’s stock after selling 459 shares during the quarter. Ameriflex Group Inc.’s holdings in Constellation Brands were worth $29,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of STZ. Vanguard Group Inc. grew its holdings in Constellation Brands by 18.6% in the 1st quarter. Vanguard Group Inc. now owns 18,417,604 shares of the company’s stock valued at $3,379,999,000 after buying an additional 2,882,817 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Constellation Brands by 127.9% in the first quarter. Wellington Management Group LLP now owns 4,480,788 shares of the company’s stock valued at $822,314,000 after acquiring an additional 2,514,517 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Constellation Brands by 7.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,922,122 shares of the company’s stock worth $352,748,000 after acquiring an additional 139,158 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Constellation Brands by 4.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,693,827 shares of the company’s stock worth $310,851,000 after acquiring an additional 76,186 shares during the period. Finally, Northern Trust Corp raised its stake in Constellation Brands by 1.2% during the 1st quarter. Northern Trust Corp now owns 1,534,357 shares of the company’s stock valued at $281,585,000 after purchasing an additional 17,832 shares during the last quarter. 77.34% of the stock is currently owned by institutional investors.

Constellation Brands Trading Up 1.2%

Shares of STZ opened at $142.20 on Monday. The company has a current ratio of 1.07, a quick ratio of 0.68 and a debt-to-equity ratio of 1.30. The stock has a market cap of $25.07 billion, a PE ratio of -59.50, a PEG ratio of 0.43 and a beta of 1.75. Constellation Brands Inc has a 1 year low of $131.20 and a 1 year high of $247.96. The stock has a 50 day simple moving average of $153.72 and a 200-day simple moving average of $169.35.

Constellation Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 13th. Stockholders of record on Thursday, October 30th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Thursday, October 30th. Constellation Brands’s payout ratio is currently -170.71%.

Analysts Set New Price Targets

STZ has been the topic of several research analyst reports. Morgan Stanley decreased their price target on shares of Constellation Brands from $195.00 to $176.00 and set an “equal weight” rating on the stock in a research report on Wednesday, September 3rd. JPMorgan Chase & Co. lifted their target price on Constellation Brands from $170.00 to $182.00 and gave the stock a “neutral” rating in a research report on Thursday, July 3rd. Weiss Ratings restated a “sell (d)” rating on shares of Constellation Brands in a research note on Saturday, September 27th. Deutsche Bank Aktiengesellschaft reduced their price objective on Constellation Brands from $182.00 to $158.00 and set a “hold” rating for the company in a research report on Wednesday, September 3rd. Finally, Needham & Company LLC lowered their price objective on Constellation Brands from $200.00 to $180.00 and set a “buy” rating on the stock in a research report on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have given a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Constellation Brands currently has an average rating of “Hold” and a consensus price target of $188.96.

Insider Activity at Constellation Brands

In other news, EVP James O. Bourdeau sold 821 shares of the company’s stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $169.00, for a total value of $138,749.00. Following the sale, the executive vice president owned 9,438 shares of the company’s stock, valued at approximately $1,595,022. This represents a 8.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 12.45% of the company’s stock.

About Constellation Brands

Constellation Brands, Inc, together with its subsidiaries, produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company provides beer primarily under the Corona Extra, Corona Familiar, Corona Hard Seltzer, Corona Light, Corona Non-Alcoholic, Corona Premier, Corona Refresca, Modelo Especial, Modelo Chelada, Modelo Negra, Modelo Oro, Victoria, Vicky Chamoy, and Pacifico brands.