Constellation Brands Inc $STZ Holdings Decreased by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC trimmed its position in Constellation Brands Inc (NYSE:STZ) by 18.8% in the second quarter, Holdings Channel.com reports. The fund owned 1,642 shares of the company’s stock after selling 381 shares during the period. Concurrent Investment Advisors LLC’s holdings in Constellation Brands were worth $267,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of 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 acquiring an additional 2,882,817 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Constellation Brands by 127.9% in the 1st 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 last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Constellation Brands by 7.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,922,122 shares of the company’s stock valued at $352,748,000 after acquiring an additional 139,158 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Constellation Brands by 4.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,693,827 shares of the company’s stock valued at $310,851,000 after acquiring an additional 76,186 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Constellation Brands by 1.2% in the 1st quarter. Northern Trust Corp now owns 1,534,357 shares of the company’s stock valued at $281,585,000 after acquiring an additional 17,832 shares during the last quarter. 77.34% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Needham & Company LLC restated a “buy” rating and set a $180.00 price objective on shares of Constellation Brands in a research note on Wednesday, October 8th. UBS Group set a $160.00 price objective on Constellation Brands in a research note on Tuesday, October 7th. Citigroup lowered their price objective on Constellation Brands from $155.00 to $145.00 and set a “neutral” rating for the company in a research note on Tuesday, September 23rd. Sanford C. Bernstein lowered their price objective on Constellation Brands from $225.00 to $195.00 and set an “outperform” rating for the company in a research note on Thursday, September 4th. Finally, Bank of America lowered their price objective on Constellation Brands from $150.00 to $142.00 and set an “underperform” rating for the company in a research note on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $186.44.

Constellation Brands Trading Up 0.8%

Shares of STZ stock opened at $140.41 on Monday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.54 and a current ratio of 1.08. Constellation Brands Inc has a 1 year low of $131.20 and a 1 year high of $245.31. The stock has a fifty day moving average of $147.73 and a two-hundred day moving average of $166.46. The firm has a market capitalization 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.

Constellation Brands (NYSE:STZ) last announced its earnings results on Thursday, February 23rd. The company reported $3.12 earnings per share for the quarter. Constellation Brands had a return on equity of 29.82% and a net margin of 11.88%.The business had revenue of $2.32 billion during the quarter. As a group, research analysts expect that Constellation Brands Inc will post 13.5 EPS for the current year.

Constellation Brands Announces Dividend

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