LRI Investments LLC Acquires 485 Shares of Constellation Brands Inc $STZ

LRI Investments LLC boosted its holdings in shares of Constellation Brands Inc (NYSE:STZ) by 153.5% during the 2nd quarter, Holdings Channel reports. The fund owned 801 shares of the company’s stock after buying an additional 485 shares during the period. LRI Investments LLC’s holdings in Constellation Brands were worth $130,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in STZ. Rakuten Securities Inc. grew its holdings in Constellation Brands by 805.0% during the 1st quarter. Rakuten Securities Inc. now owns 181 shares of the company’s stock worth $33,000 after acquiring an additional 161 shares in the last quarter. Zions Bancorporation National Association UT bought a new position in Constellation Brands during the 1st quarter worth about $38,000. Flaharty Asset Management LLC bought a new position in Constellation Brands during the 1st quarter worth about $39,000. Hoey Investments Inc. bought a new position in Constellation Brands during the 2nd quarter worth about $40,000. Finally, WPG Advisers LLC bought a new position in Constellation Brands during the 1st quarter worth about $43,000. 77.34% of the stock is currently owned by institutional investors.

Insider Transactions at Constellation Brands

In other Constellation Brands news, EVP James O. Bourdeau sold 821 shares of the firm’s stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $169.00, for a total transaction of $138,749.00. Following the completion of the transaction, the executive vice president directly owned 9,438 shares of the company’s stock, valued at approximately $1,595,022. This trade represents a 8.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 12.45% of the company’s stock.

Constellation Brands Stock Performance

Shares of Constellation Brands stock opened at $141.42 on Monday. The firm has a market capitalization of $24.93 billion, a P/E ratio of 20.65, a PEG ratio of 0.42 and a beta of 0.66. 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 company has a 50 day moving average price of $150.78 and a 200 day moving average price of $167.96. Constellation Brands Inc has a 52 week low of $131.20 and a 52 week high of $247.63.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Thursday, February 23rd. The company reported $3.12 EPS 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%. Sell-side analysts expect that Constellation Brands Inc will post 13.5 EPS for the current year.

Constellation Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 13th. Shareholders of record on Thursday, October 30th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Thursday, October 30th. This represents a $4.08 dividend on an annualized basis and a yield of 2.9%. Constellation Brands’s dividend payout ratio (DPR) is currently 59.56%.

Analysts Set New Price Targets

STZ has been the topic of several recent research reports. Citigroup dropped 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 decreased their price target 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. Barclays decreased their price target on shares of Constellation Brands from $150.00 to $147.00 and set an “equal weight” rating for the company in a research report on Thursday. The Goldman Sachs Group decreased 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, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Constellation Brands from $182.00 to $158.00 and set a “hold” rating for the company in a research report on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to 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.