Constellation Brands Inc $STZ Shares Sold by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System cut its holdings in shares of Constellation Brands Inc (NYSE:STZ) by 0.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 141,697 shares of the company’s stock after selling 384 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Constellation Brands were worth $23,051,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Zions Bancorporation National Association UT acquired a new stake in Constellation Brands in the first quarter valued at $38,000. Flaharty Asset Management LLC acquired a new position in Constellation Brands during the 1st quarter worth $39,000. Hoey Investments Inc. acquired a new stake in shares of Constellation Brands in the 2nd quarter valued at about $40,000. WPG Advisers LLC acquired a new stake in shares of Constellation Brands in the 1st quarter valued at about $43,000. Finally, Curio Wealth LLC lifted its position 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 during the last quarter. 77.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on STZ shares. Citigroup decreased their target price on Constellation Brands from $155.00 to $145.00 and set a “neutral” rating for the company in a research report on Tuesday, September 23rd. Wells Fargo & Company decreased their price objective on shares of Constellation Brands from $170.00 to $155.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. The Goldman Sachs Group lowered their target price on shares of Constellation Brands from $196.00 to $168.00 and set a “buy” rating for the company in a research note on Thursday, October 2nd. Roth Capital reissued a “buy” rating and set a $209.00 target price (down from $239.00) on shares of Constellation Brands in a report on Wednesday, September 3rd. Finally, TD Cowen reduced their price target on shares of 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 research 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. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $181.88.

Constellation Brands Trading Up 1.2%

Constellation Brands stock opened at $136.50 on Friday. Constellation Brands Inc has a 12-month low of $126.45 and a 12-month high of $245.31. 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 stock has a market capitalization of $23.89 billion, a PE ratio of 19.93, a price-to-earnings-growth ratio of 0.39 and a beta of 1.75. The firm has a 50 day simple moving average of $135.04 and a 200-day simple moving average of $155.58.

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 firm had revenue of $2.32 billion for the quarter. As a group, equities research analysts expect that Constellation Brands Inc will post 13.5 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 13th. Stockholders of record on Thursday, October 30th were issued a dividend of $1.02 per share. The ex-dividend date was Thursday, October 30th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.0%. Constellation Brands’s payout ratio is currently 59.56%.

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.