Nordwand Advisors LLC Takes Position in Constellation Brands Inc $STZ

Nordwand Advisors LLC acquired a new stake in shares of Constellation Brands Inc (NYSE:STZ) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 8,765 shares of the company’s stock, valued at approximately $1,426,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of STZ. Zions Bancorporation National Association UT bought a new position in Constellation Brands in the first quarter valued at about $38,000. Flaharty Asset Management LLC bought a new stake in shares of Constellation Brands during the first quarter worth about $39,000. Hoey Investments Inc. acquired a new position in shares of Constellation Brands in the second quarter valued at approximately $40,000. WPG Advisers LLC bought a new position in Constellation Brands in the 1st quarter valued at approximately $43,000. Finally, Curio Wealth LLC raised its holdings in Constellation Brands by 29,900.0% in the 2nd quarter. Curio Wealth LLC now owns 300 shares of the company’s stock valued at $49,000 after buying an additional 299 shares during the last quarter. Institutional investors own 77.34% of the company’s stock.

Constellation Brands Trading Up 1.5%

STZ opened at $131.12 on Tuesday. Constellation Brands Inc has a twelve month low of $126.45 and a twelve month high of $245.31. The company has a fifty day moving average of $135.94 and a 200-day moving average of $158.90. The stock has a market cap of $22.95 billion, a PE ratio of 19.14, a price-to-earnings-growth ratio of 0.39 and a beta of 1.75. The company has a quick ratio of 0.54, a current ratio of 1.08 and a debt-to-equity ratio of 1.26.

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

Constellation Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Investors of record on Thursday, October 30th were paid a dividend of $1.02 per share. The ex-dividend date of this dividend was Thursday, October 30th. This represents a $4.08 annualized dividend and a yield of 3.1%. Constellation Brands’s dividend payout ratio (DPR) is currently 59.56%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Citigroup reduced their target price on shares of Constellation Brands from $155.00 to $145.00 and set a “neutral” rating on the stock in a report on Tuesday, September 23rd. Wells Fargo & Company cut their price target on shares of Constellation Brands from $170.00 to $155.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. Roth Capital reissued a “buy” rating and issued a $209.00 price objective (down previously from $239.00) on shares of Constellation Brands in a research note on Wednesday, September 3rd. Deutsche Bank Aktiengesellschaft decreased their price objective on Constellation Brands from $182.00 to $158.00 and set a “hold” rating for the company in a report on Wednesday, September 3rd. Finally, UBS Group set a $160.00 target price on Constellation Brands in a report on Tuesday, October 7th. One research 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average 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.