Constellation Brands Inc $STZ Shares Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lifted its stake in shares of Constellation Brands Inc (NYSE:STZ) by 1.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 56,980 shares of the company’s stock after purchasing an additional 1,009 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Constellation Brands were worth $9,270,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Arlington Partners LLC acquired a new position in Constellation Brands during the second quarter worth about $2,333,000. Assenagon Asset Management S.A. boosted its stake in shares of Constellation Brands by 969.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 83,656 shares of the company’s stock worth $13,609,000 after acquiring an additional 75,834 shares in the last quarter. Wesbanco Bank Inc. grew its holdings in shares of Constellation Brands by 10.7% in the 2nd quarter. Wesbanco Bank Inc. now owns 43,329 shares of the company’s stock worth $7,049,000 after acquiring an additional 4,204 shares during the period. Glenview Trust co increased its stake in Constellation Brands by 6.8% in the 1st quarter. Glenview Trust co now owns 69,427 shares of the company’s stock valued at $12,741,000 after purchasing an additional 4,421 shares in the last quarter. Finally, Apollon Wealth Management LLC raised its holdings in Constellation Brands by 230.2% during the second quarter. Apollon Wealth Management LLC now owns 6,471 shares of the company’s stock worth $1,053,000 after purchasing an additional 4,511 shares during the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.

Constellation Brands Stock Performance

Constellation Brands stock opened at $138.01 on Tuesday. The firm has a market capitalization of $24.16 billion, a P/E ratio of 20.15, a PEG ratio of 0.42 and a beta of 0.66. The stock has a fifty day moving average price of $144.26 and a 200 day moving average price of $164.96. Constellation Brands Inc has a 52 week low of $131.20 and a 52 week high of $245.31. The company has a current ratio of 1.08, a quick ratio of 0.54 and a debt-to-equity ratio of 1.26.

Constellation Brands (NYSE:STZ) last issued 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%. Equities research analysts anticipate 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. Investors of record on Thursday, October 30th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Thursday, October 30th. Constellation Brands’s payout ratio is presently 59.56%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. The Goldman Sachs Group lowered their target price on Constellation Brands from $196.00 to $168.00 and set a “buy” rating on the stock in a report on Thursday, October 2nd. Citigroup lowered their price objective on shares of Constellation Brands from $155.00 to $145.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 23rd. Needham & Company LLC restated a “buy” rating and set a $180.00 target price on shares of Constellation Brands in a report on Wednesday, October 8th. BNP Paribas Exane cut shares of Constellation Brands from a “neutral” rating to an “underperform” rating and set a $123.00 target price for the company. in a research report on Wednesday, September 3rd. Finally, Morgan Stanley lowered their price target on shares of Constellation Brands from $176.00 to $160.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 7th. One 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 company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $186.44.

About Constellation Brands

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.