City State Bank Has $104,000 Position in Constellation Brands Inc $STZ

City State Bank lifted its position in shares of Constellation Brands Inc (NYSE:STZ) by 45.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 639 shares of the company’s stock after purchasing an additional 200 shares during the period. City State Bank’s holdings in Constellation Brands were worth $104,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Curio Wealth LLC grew its stake in Constellation Brands by 29,900.0% in the 2nd quarter. Curio Wealth LLC now owns 300 shares of the company’s stock valued at $49,000 after buying an additional 299 shares during the last quarter. Keeler Thomas Management LLC acquired a new position in Constellation Brands during the 2nd quarter worth approximately $905,000. AlphaQuest LLC increased its position in shares of Constellation Brands by 350.7% during the second quarter. AlphaQuest LLC now owns 5,178 shares of the company’s stock worth $842,000 after buying an additional 4,029 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its stake in Constellation Brands by 1.0% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 358,219 shares of the company’s stock worth $58,275,000 after acquiring an additional 3,638 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its stake in Constellation Brands by 1,041.0% during the second quarter. Caitong International Asset Management Co. Ltd now owns 445 shares of the company’s stock worth $72,000 after acquiring an additional 406 shares in the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.

Constellation Brands Trading Down 0.0%

NYSE:STZ opened at $139.65 on Friday. 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 fifty day moving average of $144.83 and a 200 day moving average of $165.41. The firm has a market capitalization of $24.44 billion, a P/E ratio of 20.39, a P/E/G ratio of 0.42 and a beta of 0.66. Constellation Brands Inc has a 52 week low of $131.20 and a 52 week high of $245.31.

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

Constellation Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 13th. Shareholders 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 is currently 59.56%.

Wall Street Analyst Weigh In

Several brokerages have commented on STZ. BMO Capital Markets lowered their price objective on shares of Constellation Brands from $215.00 to $190.00 and set an “outperform” rating on the stock in a research report on Thursday, September 4th. Jefferies Financial Group lowered their price objective on shares of Constellation Brands from $205.00 to $179.00 and set a “buy” rating on the stock in a research report on Wednesday, September 3rd. Zacks Research downgraded shares of Constellation Brands from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 9th. Barclays reduced their target price on shares of Constellation Brands from $150.00 to $147.00 and set an “equal weight” rating for the company in a research note on Thursday, October 9th. Finally, Roth Capital reaffirmed a “buy” rating and set a $209.00 price objective (down previously from $239.00) on shares of Constellation Brands in a research note on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Constellation Brands presently has an average rating of “Hold” and an average 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.