Mutual of America Capital Management LLC Sells 521 Shares of Constellation Brands Inc $STZ

Mutual of America Capital Management LLC lessened its position in shares of Constellation Brands Inc (NYSE:STZ) by 2.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,562 shares of the company’s stock after selling 521 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Constellation Brands were worth $2,857,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of STZ. Zions Bancorporation National Association UT bought a new position in shares of Constellation Brands during the 1st quarter worth approximately $38,000. Flaharty Asset Management LLC acquired a new position in Constellation Brands during the 1st quarter valued at approximately $39,000. Hoey Investments Inc. acquired a new position in Constellation Brands during the 2nd quarter valued at approximately $40,000. WPG Advisers LLC acquired a new position in Constellation Brands during the 1st quarter valued at approximately $43,000. Finally, Concord Wealth Partners increased its stake in Constellation Brands by 105.0% during the 2nd quarter. Concord Wealth Partners now owns 410 shares of the company’s stock valued at $67,000 after purchasing an additional 210 shares in the last quarter. Institutional investors own 77.34% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on STZ shares. UBS Group set a $160.00 price target on shares of Constellation Brands in a research note on Tuesday, October 7th. Zacks Research lowered shares of Constellation Brands from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 9th. Jefferies Financial Group cut their price target on shares of Constellation Brands from $205.00 to $179.00 and set a “buy” rating on the stock in a research note on Wednesday, September 3rd. The Goldman Sachs Group cut their price target on shares of Constellation Brands from $196.00 to $168.00 and set a “buy” rating on the stock in a research note on Thursday, October 2nd. Finally, TD Cowen cut 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 note on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $186.44.

Constellation Brands Stock Down 0.0%

STZ stock opened at $139.65 on Friday. The firm’s fifty day simple moving average is $144.83 and its 200-day simple moving average is $165.44. The company has a market capitalization of $24.44 billion, a P/E ratio of 20.39, a price-to-earnings-growth ratio of 0.42 and a beta of 0.66. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.08 and a quick ratio of 0.54. Constellation Brands Inc has a 12 month low of $131.20 and a 12 month high of $245.31.

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

Constellation Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 13th. Investors of record on Thursday, October 30th will be issued 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 is 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.