CENTRAL TRUST Co Sells 2,594 Shares of Constellation Brands Inc $STZ

CENTRAL TRUST Co decreased its position in Constellation Brands Inc (NYSE:STZ) by 20.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,164 shares of the company’s stock after selling 2,594 shares during the period. CENTRAL TRUST Co’s holdings in Constellation Brands were worth $1,653,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted 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 valued at $3,379,999,000 after buying an additional 2,882,817 shares during the last quarter. Wellington Management Group LLP raised its stake in Constellation Brands by 127.9% in the 1st quarter. Wellington Management Group LLP now owns 4,480,788 shares of the company’s stock valued at $822,314,000 after acquiring an additional 2,514,517 shares during the period. Nuveen LLC bought a new stake in Constellation Brands in the 1st quarter valued at about $63,377,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Constellation Brands by 5,058.0% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 285,289 shares of the company’s stock valued at $46,411,000 after purchasing an additional 279,758 shares during the last quarter. Finally, Nordea Investment Management AB boosted its position in Constellation Brands by 47.6% during the second quarter. Nordea Investment Management AB now owns 606,946 shares of the company’s stock worth $98,538,000 after purchasing an additional 195,784 shares during the period. 77.34% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on STZ shares. Jefferies Financial Group lowered their price target on shares of Constellation Brands from $205.00 to $179.00 and set a “buy” rating on the stock in a research report on Wednesday, September 3rd. Barclays lowered their target price on shares of Constellation Brands from $150.00 to $147.00 and set an “equal weight” rating on the stock in a report on Thursday, October 9th. JPMorgan Chase & Co. started coverage on Constellation Brands in a research report on Friday, November 7th. They set a “neutral” rating and a $153.00 target price on the stock. TD Cowen reduced their price target on Constellation Brands from $180.00 to $152.00 and set a “hold” rating for the company in a research report on Thursday, September 4th. Finally, Sanford C. Bernstein decreased their price objective on Constellation Brands from $225.00 to $195.00 and set an “outperform” rating on the stock in a research note on Thursday, September 4th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $186.44.

Constellation Brands Price Performance

STZ stock opened at $130.43 on Thursday. The firm has a market cap of $22.83 billion, a P/E ratio of 19.04, a P/E/G ratio of 0.39 and a beta of 1.75. The firm’s fifty day moving average is $136.95 and its 200 day moving average is $160.27. 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 52 week low of $126.45 and a 52 week high of $245.31.

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

Constellation Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 13th. Investors of record on Thursday, October 30th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Thursday, October 30th. Constellation Brands’s payout ratio is currently 59.56%.

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.