Amalgamated Bank Sells 1,757 Shares of Constellation Brands Inc $STZ

Amalgamated Bank lessened its holdings in Constellation Brands Inc (NYSE:STZ) by 5.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 28,478 shares of the company’s stock after selling 1,757 shares during the period. Amalgamated Bank’s holdings in Constellation Brands were worth $4,633,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Arlington Partners LLC bought a new stake in Constellation Brands in the second quarter worth $2,333,000. AlphaQuest LLC increased its position in Constellation Brands by 350.7% during the second quarter. AlphaQuest LLC now owns 5,178 shares of the company’s stock valued at $842,000 after acquiring an additional 4,029 shares during the last quarter. Assenagon Asset Management S.A. increased its position in Constellation Brands by 969.5% during the second quarter. Assenagon Asset Management S.A. now owns 83,656 shares of the company’s stock valued at $13,609,000 after acquiring an additional 75,834 shares during the last quarter. Wesbanco Bank Inc. increased its position in Constellation Brands by 10.7% during the second quarter. Wesbanco Bank Inc. now owns 43,329 shares of the company’s stock valued at $7,049,000 after acquiring an additional 4,204 shares during the last quarter. Finally, Glenview Trust co increased its position in Constellation Brands by 6.8% during the first quarter. Glenview Trust co now owns 69,427 shares of the company’s stock valued at $12,741,000 after acquiring an additional 4,421 shares during the last quarter. Institutional investors own 77.34% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Needham & Company LLC reiterated a “buy” rating and set a $180.00 price objective on shares of Constellation Brands in a research report on Wednesday, October 8th. TD Cowen lowered their target price on shares of Constellation Brands from $180.00 to $152.00 and set a “hold” rating for the company in a research note on Thursday, September 4th. JPMorgan Chase & Co. lowered their target price on shares of Constellation Brands from $173.00 to $153.00 and set a “neutral” rating for the company in a research note on Wednesday, October 8th. Morgan Stanley lowered their target price on shares of Constellation Brands from $176.00 to $160.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 7th. Finally, UBS Group set a $160.00 target price on shares of Constellation Brands in a research note on Tuesday, October 7th. One equities research 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 assigned a Sell rating to the company. According to data from MarketBeat, Constellation Brands has a consensus rating of “Hold” and a consensus target price of $186.44.

Constellation Brands Stock Up 2.0%

NYSE:STZ opened at $131.40 on Friday. Constellation Brands Inc has a 1-year low of $127.00 and a 1-year high of $245.31. The company has a 50-day moving average of $141.49 and a 200 day moving average of $163.45. The firm has a market cap of $23.00 billion, a PE ratio of 19.18, a price-to-earnings-growth ratio of 0.39 and a beta of 0.66. 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%. As a group, research analysts anticipate that Constellation Brands Inc will post 13.5 EPS for the current fiscal year.

Constellation Brands Announces Dividend

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