Resources Management Corp CT ADV purchased a new stake in shares of Constellation Brands, Inc. (NYSE:STZ) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 18,441 shares of the company’s stock, valued at approximately $3,822,000.
A number of other institutional investors have also recently bought and sold shares of STZ. First Trust Advisors LP raised its position in shares of Constellation Brands by 4.6% during the first quarter. First Trust Advisors LP now owns 18,870 shares of the company’s stock worth $3,308,000 after acquiring an additional 833 shares during the last quarter. AE Wealth Management LLC lifted its position in shares of Constellation Brands by 95.0% in the 2nd quarter. AE Wealth Management LLC now owns 3,400 shares of the company’s stock worth $670,000 after purchasing an additional 1,656 shares during the period. Texas Yale Capital Corp. acquired a new position in shares of Constellation Brands in the 2nd quarter worth approximately $395,000. Westside Investment Management Inc. bought a new stake in shares of Constellation Brands in the 2nd quarter valued at $211,000. Finally, Greenleaf Trust boosted its stake in shares of Constellation Brands by 8.1% in the 2nd quarter. Greenleaf Trust now owns 1,377 shares of the company’s stock valued at $271,000 after purchasing an additional 103 shares during the last quarter. 72.15% of the stock is currently owned by institutional investors.
Shares of STZ stock traded down $0.20 on Wednesday, reaching $184.29. 975,453 shares of the company were exchanged, compared to its average volume of 1,713,796. The company has a market cap of $35.30 billion, a price-to-earnings ratio of 19.86, a PEG ratio of 2.80 and a beta of 0.64. The company has a 50-day moving average of $189.07 and a 200-day moving average of $195.17. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.61 and a quick ratio of 1.01. Constellation Brands, Inc. has a one year low of $150.37 and a one year high of $214.48.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were issued a dividend of $0.75 per share. The ex-dividend date was Thursday, November 7th. This represents a $3.00 annualized dividend and a dividend yield of 1.63%. Constellation Brands’s dividend payout ratio is 10.02%.
A number of equities analysts recently weighed in on the stock. Morgan Stanley lowered their target price on shares of Constellation Brands from $227.00 to $214.00 and set an “equal weight” rating for the company in a research note on Friday, October 4th. OTR Global raised shares of Constellation Brands to a “positive” rating in a research report on Friday, September 27th. Zacks Investment Research upgraded Constellation Brands from a “sell” rating to a “hold” rating and set a $215.00 price target for the company in a report on Monday, September 23rd. Credit Suisse Group decreased their price target on Constellation Brands from $230.00 to $228.00 and set an “outperform” rating for the company in a report on Friday, October 4th. Finally, Argus lifted their price objective on Constellation Brands to $230.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. Ten equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $224.48.
About Constellation Brands
Constellation Brands, Inc, together with its subsidiaries, produces, imports, and markets beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. It provides beer primarily under the Corona Extra, Corona Light, Corona Premier, Corona Familiar Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands, as well as Funky Buddha, Four Corners, and Ballast Point brands.
Further Reading: What does a bar chart display?
Receive News & Ratings for Constellation Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Constellation Brands and related companies with MarketBeat.com's FREE daily email newsletter.