Constellation Brands Inc $STZ Shares Bought by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. grew its holdings in Constellation Brands Inc (NYSE:STZ) by 15.7% in the second quarter, Holdings Channel.com reports. The institutional investor owned 1,472 shares of the company’s stock after buying an additional 200 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Constellation Brands were worth $239,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Arista Wealth Management LLC purchased a new stake in Constellation Brands during the 2nd quarter valued at about $428,000. Stratos Wealth Advisors LLC boosted its holdings in shares of Constellation Brands by 3.5% during the 2nd quarter. Stratos Wealth Advisors LLC now owns 3,361 shares of the company’s stock worth $547,000 after purchasing an additional 114 shares during the last quarter. Applied Finance Capital Management LLC grew its position in shares of Constellation Brands by 15.7% in the second quarter. Applied Finance Capital Management LLC now owns 93,359 shares of the company’s stock valued at $15,187,000 after purchasing an additional 12,686 shares in the last quarter. Nordea Investment Management AB increased its holdings in shares of Constellation Brands by 47.6% in the second quarter. Nordea Investment Management AB now owns 606,946 shares of the company’s stock valued at $98,538,000 after purchasing an additional 195,784 shares during the last quarter. Finally, Stableford Capital II LLC lifted its position in Constellation Brands by 86.4% during the second quarter. Stableford Capital II LLC now owns 11,994 shares of the company’s stock worth $2,105,000 after buying an additional 5,560 shares in the last quarter. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on STZ. Cowen restated a “hold” rating on shares of Constellation Brands in a report on Monday, July 7th. TD Cowen dropped their price objective on shares of Constellation Brands from $180.00 to $152.00 and set a “hold” rating for the company in a report on Thursday, September 4th. Barclays cut their price objective on shares of Constellation Brands from $150.00 to $147.00 and set an “equal weight” rating for the company in a research report on Thursday, October 9th. Morgan Stanley decreased their target price on shares of Constellation Brands from $176.00 to $160.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 7th. Finally, UBS Group set a $160.00 price target on shares of Constellation Brands in a research note on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have given a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $186.44.

Insider Activity

In related news, EVP James O. Bourdeau sold 821 shares of the stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $169.00, for a total transaction of $138,749.00. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 12.45% of the company’s stock.

Constellation Brands Trading Up 0.8%

Shares of STZ stock opened at $140.41 on Friday. Constellation Brands Inc has a 1-year low of $131.20 and a 1-year high of $245.31. The firm has a market cap of $24.58 billion, a PE ratio of 20.50, a price-to-earnings-growth ratio of 0.42 and a beta of 0.66. The company has a 50-day moving average of $147.73 and a two-hundred day moving average of $166.56. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.08 and a quick ratio of 0.54.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Thursday, February 23rd. The company reported $3.12 EPS for the quarter. The firm had revenue of $2.32 billion for the quarter. Constellation Brands had a net margin of 11.88% and a return on equity of 29.82%. On average, analysts predict that Constellation Brands Inc will post 13.5 EPS for the current year.

Constellation Brands Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend is Thursday, October 30th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.9%. Constellation Brands’s payout ratio is presently 59.56%.

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.