Constellation Brands Inc $STZ Shares Sold by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. lessened its holdings in shares of Constellation Brands Inc (NYSE:STZ) by 1.9% in the second quarter, Holdings Channel reports. The firm owned 8,335 shares of the company’s stock after selling 159 shares during the period. Stratos Wealth Partners LTD.’s holdings in Constellation Brands were worth $1,356,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Stratos Wealth Advisors LLC grew its position in Constellation Brands by 3.5% in the second quarter. Stratos Wealth Advisors LLC now owns 3,361 shares of the company’s stock valued at $547,000 after acquiring an additional 114 shares in the last quarter. Applied Finance Capital Management LLC grew its position in Constellation Brands by 15.7% in the second quarter. Applied Finance Capital Management LLC now owns 93,359 shares of the company’s stock valued at $15,187,000 after acquiring an additional 12,686 shares in the last quarter. Nordea Investment Management AB grew its position in Constellation Brands by 47.6% in the second quarter. Nordea Investment Management AB now owns 606,946 shares of the company’s stock valued at $98,538,000 after acquiring an additional 195,784 shares in the last quarter. Stableford Capital II LLC grew its position in Constellation Brands by 86.4% in the second quarter. Stableford Capital II LLC now owns 11,994 shares of the company’s stock valued at $2,105,000 after acquiring an additional 5,560 shares in the last quarter. Finally, WealthPlan Investment Management LLC grew its position in Constellation Brands by 4.7% in the second quarter. WealthPlan Investment Management LLC now owns 36,927 shares of the company’s stock valued at $6,007,000 after acquiring an additional 1,646 shares in the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Sanford C. Bernstein lowered their price objective on shares of Constellation Brands from $225.00 to $195.00 and set an “outperform” rating for the company in a research report on Thursday, September 4th. Roth Capital reaffirmed a “buy” rating and issued a $209.00 price objective (down previously from $239.00) on shares of Constellation Brands in a research report on Wednesday, September 3rd. Morgan Stanley lowered their price objective on shares of Constellation Brands from $176.00 to $160.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 7th. BNP Paribas Exane cut Constellation Brands from a “neutral” rating to an “underperform” rating and set a $123.00 target price for the company. in a research note on Wednesday, September 3rd. Finally, Bank of America reduced their target price on Constellation Brands from $150.00 to $142.00 and set an “underperform” rating for the company in a research note on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have given a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $186.44.

Constellation Brands Stock Performance

Constellation Brands stock opened at $141.52 on Wednesday. The stock has a market cap of $24.77 billion, a P/E ratio of 20.66, a price-to-earnings-growth ratio of 0.42 and a beta of 0.66. The company has a current ratio of 1.08, a quick ratio of 0.54 and a debt-to-equity ratio of 1.26. The stock has a 50 day moving average of $146.60 and a 200-day moving average of $166.06. 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 quarterly earnings data on Thursday, February 23rd. The company reported $3.12 earnings per share (EPS) 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. On average, analysts expect that Constellation Brands Inc will post 13.5 EPS for the current fiscal year.

Constellation Brands Announces Dividend

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