Asset Management One Co. Ltd. Has $11.15 Million Stock Position in Constellation Brands Inc $STZ

Asset Management One Co. Ltd. increased its position in Constellation Brands Inc (NYSE:STZ) by 2.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 68,506 shares of the company’s stock after purchasing an additional 1,315 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Constellation Brands were worth $11,145,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of Constellation Brands by 18.6% during the 1st quarter. Vanguard Group Inc. now owns 18,417,604 shares of the company’s stock worth $3,379,999,000 after buying an additional 2,882,817 shares during the period. Wellington Management Group LLP grew its position in shares of Constellation Brands by 127.9% during the 1st quarter. Wellington Management Group LLP now owns 4,480,788 shares of the company’s stock worth $822,314,000 after buying an additional 2,514,517 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Constellation Brands by 7.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,922,122 shares of the company’s stock worth $352,748,000 after buying an additional 139,158 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Constellation Brands by 4.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,693,827 shares of the company’s stock worth $310,851,000 after buying an additional 76,186 shares during the period. Finally, Northern Trust Corp grew its position in shares of Constellation Brands by 1.2% during the 1st quarter. Northern Trust Corp now owns 1,534,357 shares of the company’s stock worth $281,585,000 after buying an additional 17,832 shares during the period. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on STZ. BMO Capital Markets decreased their target price on Constellation Brands from $215.00 to $190.00 and set an “outperform” rating for the company in a research report on Thursday, September 4th. BNP Paribas Exane lowered Constellation Brands from a “neutral” rating to an “underperform” rating and set a $123.00 price objective for the company. in a research report on Wednesday, September 3rd. Deutsche Bank Aktiengesellschaft decreased their price objective on Constellation Brands from $182.00 to $158.00 and set a “hold” rating for the company in a research report on Wednesday, September 3rd. Morgan Stanley decreased their price objective on Constellation Brands from $176.00 to $160.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 7th. Finally, Sanford C. Bernstein decreased their price objective on Constellation Brands from $225.00 to $195.00 and set an “outperform” rating for the company in a research report on Thursday, September 4th. One 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 issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $186.44.

Constellation Brands Stock Down 0.0%

STZ stock opened at $139.65 on Monday. 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 firm has a market capitalization of $24.44 billion, a PE ratio of 20.39, a PEG ratio of 0.42 and a beta of 1.75. Constellation Brands Inc has a 1-year low of $131.20 and a 1-year high of $245.31. The business’s 50 day simple moving average is $144.83 and its 200 day simple moving average is $165.28.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Thursday, February 23rd. The company reported $3.12 EPS for the quarter. The firm 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, research analysts anticipate that Constellation Brands Inc will post 13.5 EPS for the current year.

Constellation Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 13th. Stockholders of record on Thursday, October 30th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Thursday, October 30th. Constellation Brands’s dividend payout ratio (DPR) is 59.56%.

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.