Mark Sheptoff Financial Planning LLC Decreases Position in Constellation Brands Inc $STZ

Mark Sheptoff Financial Planning LLC lowered its stake in Constellation Brands Inc (NYSE:STZ) by 27.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,140 shares of the company’s stock after selling 1,560 shares during the quarter. Mark Sheptoff Financial Planning LLC’s holdings in Constellation Brands were worth $673,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of STZ. Zions Bancorporation National Association UT purchased a new position in Constellation Brands in the 1st quarter worth approximately $38,000. Flaharty Asset Management LLC purchased a new stake in shares of Constellation Brands during the first quarter valued at approximately $39,000. WPG Advisers LLC acquired a new position in shares of Constellation Brands during the first quarter worth $43,000. Hoey Investments Inc. purchased a new position in shares of Constellation Brands in the second quarter valued at $40,000. Finally, Curio Wealth LLC boosted its stake in shares of Constellation Brands by 29,900.0% in the second quarter. Curio Wealth LLC now owns 300 shares of the company’s stock valued at $49,000 after purchasing an additional 299 shares during the period. 77.34% of the stock is currently owned by hedge funds and other institutional investors.

Constellation Brands Trading Down 0.3%

NYSE:STZ opened at $127.52 on Friday. The company has a market cap of $22.32 billion, a PE ratio of 18.62, a P/E/G ratio of 0.39 and a beta of 0.63. The business’s 50 day moving average is $138.33 and its two-hundred day moving average is $161.64. The company has a quick ratio of 0.54, a current ratio of 1.08 and a debt-to-equity ratio of 1.26. Constellation Brands Inc has a 52 week low of $126.64 and a 52 week high of $245.31.

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

Constellation Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 13th. Shareholders 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 3.2%. The ex-dividend date of this dividend is Thursday, October 30th. Constellation Brands’s dividend payout ratio is 59.56%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on STZ. Sanford C. Bernstein dropped their price target on shares of Constellation Brands from $225.00 to $195.00 and set an “outperform” rating on the stock in a research note on Thursday, September 4th. Deutsche Bank Aktiengesellschaft dropped their target price on Constellation Brands from $182.00 to $158.00 and set a “hold” rating on the stock in a research report on Wednesday, September 3rd. Barclays cut their price target on Constellation Brands from $150.00 to $147.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 9th. Needham & Company LLC restated a “buy” rating and set a $180.00 price objective on shares of Constellation Brands in a research note on Wednesday, October 8th. Finally, Jefferies Financial Group dropped their price objective on Constellation Brands from $205.00 to $179.00 and set a “buy” rating on the stock in a report on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $186.44.

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.