Constellation Brands Inc $STZ Shares Sold by Calamos Advisors LLC

Calamos Advisors LLC cut its stake in Constellation Brands Inc (NYSE:STZ) by 11.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 115,990 shares of the company’s stock after selling 14,500 shares during the period. Calamos Advisors LLC owned 0.07% of Constellation Brands worth $18,869,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Zions Bancorporation National Association UT acquired a new stake in shares of Constellation Brands during the first quarter worth $38,000. Flaharty Asset Management LLC purchased a new position in Constellation Brands in the 1st quarter worth $39,000. Hoey Investments Inc. acquired a new stake in Constellation Brands during the 2nd quarter worth about $40,000. WPG Advisers LLC purchased a new stake in Constellation Brands during the 1st quarter valued at about $43,000. Finally, Curio Wealth LLC grew its stake in Constellation Brands by 29,900.0% during the 2nd 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 last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.

Constellation Brands Stock Performance

STZ opened at $130.43 on Thursday. The firm has a fifty day moving average price of $136.95 and a 200 day moving average price of $160.27. Constellation Brands Inc has a 1 year low of $126.45 and a 1 year high of $245.31. The stock has a market cap of $22.83 billion, a P/E ratio of 19.04, a P/E/G ratio of 0.39 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 (NYSE:STZ) last released its quarterly earnings data on Thursday, February 23rd. The company reported $3.12 earnings per share for the quarter. The company had revenue of $2.32 billion during the quarter. Constellation Brands had a net margin of 11.88% and a return on equity of 29.82%. Equities research analysts anticipate 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. Investors of record on Thursday, October 30th will be issued a $1.02 dividend. 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 3.1%. Constellation Brands’s dividend payout ratio is presently 59.56%.

Analysts Set New Price Targets

STZ has been the subject of a number of research reports. UBS Group set a $160.00 target price on Constellation Brands in a report on Tuesday, October 7th. Zacks Research upgraded shares of Constellation Brands from a “strong sell” rating to a “hold” rating in a research note on Monday, November 3rd. TD Cowen dropped their price objective on shares of Constellation Brands from $180.00 to $152.00 and set a “hold” rating on the stock in a report on Thursday, September 4th. 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 report on Wednesday, September 3rd. Finally, Needham & Company LLC restated a “buy” rating and set a $180.00 target price on shares of Constellation Brands in a research report on Wednesday, October 8th. 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. According to MarketBeat, Constellation Brands currently 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.