Stratos Wealth Advisors LLC Raises Stock Holdings in Constellation Brands Inc $STZ

Stratos Wealth Advisors LLC lifted its holdings in shares of Constellation Brands Inc (NYSE:STZ) by 3.5% in the 2nd quarter, Holdings Channel reports. The firm owned 3,361 shares of the company’s stock after acquiring an additional 114 shares during the period. Stratos Wealth Advisors LLC’s holdings in Constellation Brands were worth $547,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Constellation Brands by 18.6% in the first quarter. Vanguard Group Inc. now owns 18,417,604 shares of the company’s stock worth $3,379,999,000 after buying an additional 2,882,817 shares in the last quarter. Wellington Management Group LLP boosted its stake in Constellation Brands by 127.9% in the first quarter. Wellington Management Group LLP now owns 4,480,788 shares of the company’s stock worth $822,314,000 after buying an additional 2,514,517 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Constellation Brands by 7.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,922,122 shares of the company’s stock worth $352,748,000 after buying an additional 139,158 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Constellation Brands by 4.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,693,827 shares of the company’s stock worth $310,851,000 after buying an additional 76,186 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Constellation Brands by 1.2% in the first quarter. Northern Trust Corp now owns 1,534,357 shares of the company’s stock worth $281,585,000 after buying an additional 17,832 shares in the last quarter. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Constellation Brands Price Performance

Shares of Constellation Brands stock opened at $140.41 on Monday. 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 market cap of $24.58 billion, a PE ratio of 20.50, a P/E/G ratio of 0.42 and a beta of 0.66. The business has a 50 day moving average of $147.73 and a 200 day moving average of $166.46. Constellation Brands Inc has a 52 week low of $131.20 and a 52 week high of $245.31.

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

Constellation Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 13th. Shareholders of record on Thursday, October 30th will be issued a $1.02 dividend. The ex-dividend date 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 is 59.56%.

Analyst Upgrades and Downgrades

STZ has been the subject of several research reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $180.00 target price on shares of Constellation Brands in a research note on Wednesday, October 8th. JPMorgan Chase & Co. cut their target price on Constellation Brands from $173.00 to $153.00 and set a “neutral” rating for the company in a research note on Wednesday, October 8th. UBS Group set a $160.00 price objective on Constellation Brands in a research note on Tuesday, October 7th. TD Cowen dropped their price objective on Constellation Brands from $180.00 to $152.00 and set a “hold” rating for the company in a research note on Thursday, September 4th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Constellation Brands from $182.00 to $158.00 and set a “hold” rating for the company in a research note on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have issued a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock 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.