Creekmur Asset Management LLC Has $589,000 Stake in Constellation Brands Inc $STZ

Creekmur Asset Management LLC boosted its position in shares of Constellation Brands Inc (NYSE:STZ) by 45.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,620 shares of the company’s stock after acquiring an additional 1,136 shares during the period. Creekmur Asset Management LLC’s holdings in Constellation Brands were worth $589,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Strategic Financial Concepts LLC lifted its position in Constellation Brands by 5.8% during the 1st quarter. Strategic Financial Concepts LLC now owns 1,128 shares of the company’s stock worth $207,000 after acquiring an additional 62 shares during the last quarter. World Investment Advisors lifted its position in Constellation Brands by 1.7% during the 1st quarter. World Investment Advisors now owns 3,801 shares of the company’s stock worth $698,000 after acquiring an additional 62 shares during the last quarter. V Square Quantitative Management LLC lifted its position in Constellation Brands by 3.8% during the 2nd quarter. V Square Quantitative Management LLC now owns 1,682 shares of the company’s stock worth $274,000 after acquiring an additional 62 shares during the last quarter. Oak Asset Management LLC lifted its position in Constellation Brands by 0.4% during the 2nd quarter. Oak Asset Management LLC now owns 18,281 shares of the company’s stock worth $2,974,000 after acquiring an additional 70 shares during the last quarter. Finally, Rosenberg Matthew Hamilton lifted its position in Constellation Brands by 11.8% during the 1st quarter. Rosenberg Matthew Hamilton now owns 680 shares of the company’s stock worth $125,000 after acquiring an additional 72 shares during the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.

Constellation Brands Stock Performance

NYSE:STZ opened at $128.89 on Friday. Constellation Brands Inc has a 12-month low of $128.80 and a 12-month high of $245.31. The company has a quick ratio of 0.54, a current ratio of 1.08 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $22.56 billion, a PE ratio of 18.82, a price-to-earnings-growth ratio of 0.39 and a beta of 0.66. The firm has a 50-day moving average price of $142.21 and a 200 day moving average price of $163.98.

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

Constellation Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 13th. Investors of record on Thursday, October 30th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Thursday, October 30th. Constellation Brands’s dividend payout ratio is 59.56%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on STZ shares. JPMorgan Chase & Co. dropped their price objective on shares of Constellation Brands from $173.00 to $153.00 and set a “neutral” rating on the stock in a report on Wednesday, October 8th. Wells Fargo & Company cut their price objective on shares of Constellation Brands from $170.00 to $155.00 and set an “overweight” rating for the company in a research report on Thursday, September 25th. The Goldman Sachs Group cut their price objective on shares of Constellation Brands from $196.00 to $168.00 and set a “buy” rating for the company in a research report on Thursday, October 2nd. Zacks Research lowered shares of Constellation Brands from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 9th. Finally, Sanford C. Bernstein cut their price objective on shares of Constellation Brands from $225.00 to $195.00 and set an “outperform” rating for the company in a research report on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $186.44.

Constellation Brands Profile

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.