Premier Path Wealth Partners LLC Sells 559 Shares of Constellation Brands Inc $STZ

Premier Path Wealth Partners LLC lessened its stake in Constellation Brands Inc (NYSE:STZ) by 7.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,831 shares of the company’s stock after selling 559 shares during the period. Premier Path Wealth Partners LLC’s holdings in Constellation Brands were worth $1,111,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Arlington Partners LLC bought a new stake in shares of Constellation Brands in the 2nd quarter valued at $2,333,000. AlphaQuest LLC boosted its stake in shares of Constellation Brands by 350.7% in the 2nd quarter. AlphaQuest LLC now owns 5,178 shares of the company’s stock valued at $842,000 after purchasing an additional 4,029 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Constellation Brands by 969.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 83,656 shares of the company’s stock valued at $13,609,000 after purchasing an additional 75,834 shares during the last quarter. Wesbanco Bank Inc. boosted its stake in shares of Constellation Brands by 10.7% in the 2nd quarter. Wesbanco Bank Inc. now owns 43,329 shares of the company’s stock valued at $7,049,000 after purchasing an additional 4,204 shares during the last quarter. Finally, Glenview Trust co boosted its stake in shares of Constellation Brands by 6.8% in the 1st quarter. Glenview Trust co now owns 69,427 shares of the company’s stock valued at $12,741,000 after purchasing an additional 4,421 shares during the last quarter. Institutional investors own 77.34% of the company’s stock.

Constellation Brands Stock Performance

STZ opened at $128.89 on Friday. Constellation Brands Inc has a 1-year low of $128.80 and a 1-year high of $245.31. The company has a current ratio of 1.08, a quick ratio of 0.54 and a debt-to-equity ratio of 1.26. The company’s fifty day moving average price is $142.21 and its two-hundred day moving average price is $163.98. The company has a market cap of $22.56 billion, a price-to-earnings ratio of 18.82, a PEG ratio of 0.39 and a beta of 0.66.

Constellation Brands (NYSE:STZ) last posted 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 company had revenue of $2.32 billion for the quarter. On average, analysts expect that Constellation Brands Inc will post 13.5 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 13th. Stockholders of record on Thursday, October 30th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Thursday, October 30th. Constellation Brands’s dividend payout ratio (DPR) is currently 59.56%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. BNP Paribas Exane lowered Constellation Brands from a “neutral” rating to an “underperform” rating and set a $123.00 target price on the stock. in a research report on Wednesday, September 3rd. Citigroup cut their target price on Constellation Brands from $155.00 to $145.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 23rd. BNP Paribas lowered Constellation Brands from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 3rd. UBS Group set a $160.00 target price on Constellation Brands in a research report on Tuesday, October 7th. Finally, TD Cowen cut their target price on Constellation Brands from $180.00 to $152.00 and set a “hold” rating on the stock in a research report on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Constellation Brands currently has a consensus rating of “Hold” and a consensus target price of $186.44.

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.