Sequoia Financial Advisors LLC Increases Holdings in Constellation Brands Inc $STZ

Sequoia Financial Advisors LLC lifted its position in shares of Constellation Brands Inc (NYSE:STZ) by 13.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,907 shares of the company’s stock after buying an additional 343 shares during the period. Sequoia Financial Advisors LLC’s holdings in Constellation Brands were worth $473,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. LRI Investments LLC raised its holdings in shares of Constellation Brands by 153.5% during the 2nd quarter. LRI Investments LLC now owns 801 shares of the company’s stock valued at $130,000 after buying an additional 485 shares in the last quarter. OFI Invest Asset Management lifted its stake in shares of Constellation Brands by 0.6% in the 2nd quarter. OFI Invest Asset Management now owns 38,596 shares of the company’s stock valued at $6,279,000 after acquiring an additional 239 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Constellation Brands by 18.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 14,680 shares of the company’s stock valued at $2,388,000 after acquiring an additional 2,286 shares during the last quarter. Johnson Investment Counsel Inc. lifted its stake in shares of Constellation Brands by 27.2% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 3,174 shares of the company’s stock valued at $516,000 after acquiring an additional 679 shares during the last quarter. Finally, Apollon Wealth Management LLC lifted its stake in shares of Constellation Brands by 230.2% in the 2nd quarter. Apollon Wealth Management LLC now owns 6,471 shares of the company’s stock valued at $1,053,000 after acquiring an additional 4,511 shares during the last quarter. 77.34% of the stock is owned by hedge funds and other institutional investors.

Constellation Brands Stock Up 0.5%

STZ stock opened at $141.11 on Tuesday. Constellation Brands Inc has a fifty-two week low of $131.20 and a fifty-two week high of $245.31. The business’s 50 day moving average price is $147.17 and its two-hundred day moving average price is $166.23. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.54 and a current ratio of 1.08. The company has a market capitalization of $24.70 billion, a price-to-earnings ratio of 20.60, a price-to-earnings-growth ratio of 0.42 and a beta of 1.75.

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

Constellation Brands Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft lowered their target price 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. BMO Capital Markets lowered their target price on Constellation Brands from $215.00 to $190.00 and set an “outperform” rating for the company in a research note on Thursday, September 4th. Needham & Company LLC reissued a “buy” rating and issued a $180.00 target price on shares of Constellation Brands in a research note on Wednesday, October 8th. Weiss Ratings reissued a “sell (d)” rating on shares of Constellation Brands in a research note on Wednesday, October 8th. Finally, Cowen reissued a “hold” rating on shares of Constellation Brands in a research note on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have assigned a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, the stock 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.