AG2R LA Mondiale Gestion D Actifs Boosts Position in Constellation Brands Inc $STZ

AG2R LA Mondiale Gestion D Actifs grew its holdings in shares of Constellation Brands Inc (NYSE:STZ) by 5.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,045 shares of the company’s stock after buying an additional 371 shares during the period. AG2R LA Mondiale Gestion D Actifs’ holdings in Constellation Brands were worth $1,146,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Strategic Financial Concepts LLC grew its stake in Constellation Brands by 5.8% in the first quarter. Strategic Financial Concepts LLC now owns 1,128 shares of the company’s stock worth $207,000 after purchasing an additional 62 shares during the period. World Investment Advisors grew its stake in Constellation Brands by 1.7% in the first quarter. World Investment Advisors now owns 3,801 shares of the company’s stock worth $698,000 after purchasing an additional 62 shares during the period. V Square Quantitative Management LLC grew its stake in Constellation Brands by 3.8% in the second quarter. V Square Quantitative Management LLC now owns 1,682 shares of the company’s stock worth $274,000 after purchasing an additional 62 shares during the period. Bessemer Group Inc. grew its stake in Constellation Brands by 3.0% in the first quarter. Bessemer Group Inc. now owns 2,242 shares of the company’s stock worth $412,000 after purchasing an additional 65 shares during the period. Finally, Oak Asset Management LLC grew its stake in Constellation Brands by 0.4% in the second quarter. Oak Asset Management LLC now owns 18,281 shares of the company’s stock worth $2,974,000 after purchasing an additional 70 shares during the period. 77.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

STZ has been the topic of several recent research reports. Cowen reaffirmed a “hold” rating on shares of Constellation Brands in a research note on Monday, July 7th. TD Cowen cut their target price on Constellation Brands from $180.00 to $152.00 and set a “hold” rating on the stock in a research note on Thursday, September 4th. BMO Capital Markets cut their target price on Constellation Brands from $215.00 to $190.00 and set an “outperform” rating on the stock in a research note on Thursday, September 4th. Zacks Research cut Constellation Brands from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 9th. Finally, Sanford C. Bernstein cut their target price on Constellation Brands from $225.00 to $195.00 and set an “outperform” rating on the stock in a research note on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have given a Hold rating and four 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 a consensus target price of $186.44.

Constellation Brands Trading Down 0.0%

Shares of NYSE:STZ opened at $139.65 on Monday. The company has a market cap of $24.44 billion, a P/E ratio of 20.39, a PEG ratio of 0.42 and a beta of 1.75. 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 1 year low of $131.20 and a 1 year high of $245.31. The stock’s fifty day moving average price is $144.83 and its 200-day moving average price is $165.28.

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

Constellation Brands Announces Dividend

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