Stevens Capital Management LP Buys Shares of 3,705 Constellation Brands Inc $STZ

Stevens Capital Management LP acquired a new position in shares of Constellation Brands Inc (NYSE:STZ) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,705 shares of the company’s stock, valued at approximately $603,000.

Several other institutional investors have also recently added to or reduced their stakes in STZ. Zions Bancorporation National Association UT acquired a new stake in Constellation Brands during the first quarter worth approximately $38,000. Flaharty Asset Management LLC acquired a new stake in Constellation Brands during the first quarter worth about $39,000. WPG Advisers LLC purchased a new position in Constellation Brands in the first quarter valued at approximately $43,000. Hoey Investments Inc. purchased a new position in shares of Constellation Brands in the 2nd quarter valued at $40,000. Finally, Curio Wealth LLC lifted its stake in shares of Constellation Brands by 29,900.0% during the second quarter. Curio Wealth LLC now owns 300 shares of the company’s stock worth $49,000 after purchasing an additional 299 shares in the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.

Analysts Set New Price Targets

STZ has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. started coverage on shares of Constellation Brands in a report on Friday, November 7th. They set a “neutral” rating and a $153.00 price target for the company. Citigroup dropped their price target 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. Barclays decreased their target price on Constellation Brands from $150.00 to $147.00 and set an “equal weight” rating for the company in a research note on Thursday, October 9th. The Goldman Sachs Group lowered their price target 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. Finally, Needham & Company LLC reiterated a “buy” rating and set a $180.00 price target on shares of Constellation Brands in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $185.04.

Constellation Brands Stock Up 2.4%

NYSE STZ opened at $133.59 on Friday. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.08 and a quick ratio of 0.54. The company’s 50 day simple moving average is $134.99 and its 200 day simple moving average is $157.73. Constellation Brands Inc has a 12 month low of $126.45 and a 12 month high of $245.31. The company has a market capitalization of $23.38 billion, a P/E ratio of 19.50, a PEG ratio of 0.39 and a beta of 1.75.

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

Constellation Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 13th. Stockholders 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 dividend yield of 3.1%. Constellation Brands’s dividend payout ratio (DPR) is currently 59.56%.

Constellation Brands Company 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.