Constellation Brands Inc $STZ Shares Sold by Howe & Rusling Inc.

Howe & Rusling Inc. lessened its holdings in Constellation Brands Inc (NYSE:STZ) by 12.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,061 shares of the company’s stock after selling 2,058 shares during the quarter. Howe & Rusling Inc.’s holdings in Constellation Brands were worth $2,287,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Zions Bancorporation National Association UT bought a new position in shares of Constellation Brands in the 1st quarter worth about $38,000. Flaharty Asset Management LLC bought a new stake in shares of Constellation Brands during the 1st quarter valued at about $39,000. WPG Advisers LLC acquired a new stake in Constellation Brands during the first quarter worth about $43,000. Hoey Investments Inc. bought a new position in Constellation Brands in the second quarter worth about $40,000. Finally, Curio Wealth LLC lifted its holdings in Constellation Brands by 29,900.0% in the second quarter. Curio Wealth LLC now owns 300 shares of the company’s stock worth $49,000 after acquiring an additional 299 shares during the last quarter. Institutional investors own 77.34% of the company’s stock.

Constellation Brands Trading Down 0.9%

NYSE:STZ opened at $129.40 on Thursday. The stock has a market cap of $22.65 billion, a price-to-earnings ratio of 18.89, a PEG ratio of 0.39 and a beta of 1.75. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.54 and a current ratio of 1.08. Constellation Brands Inc has a 1 year low of $126.45 and a 1 year high of $245.31. The business has a fifty day moving average of $135.36 and a 200-day moving average of $158.30.

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

Constellation Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 13th. Stockholders of record on Thursday, October 30th were issued a $1.02 dividend. The ex-dividend date was Thursday, October 30th. This represents a $4.08 annualized dividend and a dividend yield of 3.2%. Constellation Brands’s dividend payout ratio (DPR) is 59.56%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Bank of America dropped their price target on Constellation Brands from $150.00 to $142.00 and set an “underperform” rating on the stock in a research report on Wednesday, September 3rd. Jefferies Financial Group dropped their target price on Constellation Brands from $205.00 to $179.00 and set a “buy” rating on the stock in a research report on Wednesday, September 3rd. Wells Fargo & Company cut their target price on Constellation Brands from $170.00 to $155.00 and set an “overweight” rating on the stock in a research note on Thursday, September 25th. BMO Capital Markets reduced their price target on shares of Constellation Brands from $215.00 to $190.00 and set an “outperform” rating for the company in a report on Thursday, September 4th. Finally, Zacks Research raised shares of Constellation Brands from a “strong sell” rating to a “hold” rating in a report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price 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.