Midwest Trust Co Makes New $247,000 Investment in Constellation Brands Inc $STZ

Midwest Trust Co acquired a new stake in shares of Constellation Brands Inc (NYSE:STZ) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 1,516 shares of the company’s stock, valued at approximately $247,000.

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

Constellation Brands Stock Down 0.5%

STZ opened at $129.72 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 stock has a market cap of $22.71 billion, a price-to-earnings ratio of 18.94, a PEG ratio of 0.39 and a beta of 1.75. Constellation Brands Inc has a twelve month low of $126.45 and a twelve month high of $245.31. The company’s 50-day moving average price is $136.62 and its two-hundred day moving average price is $160.06.

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 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%. As a group, equities analysts expect that Constellation Brands Inc will post 13.5 earnings per share for the current year.

Constellation Brands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Shareholders of record on Thursday, October 30th were paid a $1.02 dividend. The ex-dividend date was Thursday, October 30th. This represents a $4.08 annualized dividend and a dividend yield of 3.1%. Constellation Brands’s payout ratio is presently 59.56%.

Analysts Set New Price Targets

STZ has been the topic of several recent analyst reports. TD Cowen dropped their price objective 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. BNP Paribas downgraded shares of Constellation Brands from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 3rd. BMO Capital Markets dropped their price target 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. Roth Capital reaffirmed a “buy” rating and issued a $209.00 price objective (down from $239.00) on shares of Constellation Brands in a research report on Wednesday, September 3rd. Finally, Bank of America decreased their price objective on shares of Constellation Brands from $150.00 to $142.00 and set an “underperform” rating for the company in a research note on Wednesday, September 3rd. One investment 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 data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target 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.