Legal & General Group Plc Sells 72,959 Shares of Constellation Brands Inc $STZ

Legal & General Group Plc decreased its position in Constellation Brands Inc (NYSE:STZ) by 8.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 764,786 shares of the company’s stock after selling 72,959 shares during the period. Legal & General Group Plc’s holdings in Constellation Brands were worth $124,415,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Zions Bancorporation National Association UT acquired a new stake in Constellation Brands in the 1st quarter valued at $38,000. Flaharty Asset Management LLC acquired a new stake in shares of Constellation Brands in the first quarter valued at approximately $39,000. Hoey Investments Inc. bought a new position in Constellation Brands during the second quarter worth $40,000. WPG Advisers LLC acquired a new position in Constellation Brands in the 1st quarter valued at about $43,000. Finally, Curio Wealth LLC grew its position 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 last quarter. 77.34% of the stock is owned by institutional investors.

Constellation Brands Stock Performance

STZ stock opened at $132.31 on Tuesday. The firm has a market cap of $23.16 billion, a PE ratio of 19.32, a price-to-earnings-growth ratio of 0.39 and a beta of 1.75. The company has a current ratio of 1.08, a quick ratio of 0.54 and a debt-to-equity ratio of 1.26. The stock has a 50-day moving average price of $134.93 and a 200-day moving average price of $156.88. Constellation Brands Inc has a 1-year low of $126.45 and a 1-year high of $245.31.

Constellation Brands (NYSE:STZ) last announced its earnings results on Thursday, February 23rd. The company reported $3.12 EPS for the quarter. The company 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%. As a group, equities research analysts expect that Constellation Brands Inc will post 13.5 earnings per share for the current year.

Constellation Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 13th. Stockholders of record on Thursday, October 30th were given a dividend of $1.02 per share. The ex-dividend date of this dividend was Thursday, October 30th. This represents a $4.08 annualized dividend and a dividend yield of 3.1%. Constellation Brands’s dividend payout ratio (DPR) is 59.56%.

Analyst Ratings Changes

STZ has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Constellation Brands from $182.00 to $158.00 and set a “hold” rating on the stock in a research report on Wednesday, September 3rd. Roth Capital restated a “buy” rating and set a $209.00 price objective (down from $239.00) on shares of Constellation Brands in a research report on Wednesday, September 3rd. Wells Fargo & Company cut their target price on shares of Constellation Brands from $170.00 to $155.00 and set an “overweight” rating on the stock in a research report on Thursday, September 25th. BNP Paribas cut Constellation Brands from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 3rd. Finally, Jefferies Financial Group reduced their price objective on shares of Constellation Brands from $205.00 to $179.00 and set a “buy” rating on the stock in a research note on Wednesday, September 3rd. 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $181.88.

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.