Constellation Brands, Inc. Class A (STZ) Shares Bought by US Bancorp DE

US Bancorp DE boosted its stake in shares of Constellation Brands, Inc. Class A (NYSE:STZ) by 13.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 42,766 shares of the company’s stock after acquiring an additional 5,046 shares during the period. US Bancorp DE’s holdings in Constellation Brands, Inc. Class A were worth $9,361,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Benedict Financial Advisors Inc. purchased a new stake in Constellation Brands, Inc. Class A in the 1st quarter worth about $325,000. Cohen Capital Management Inc. acquired a new position in Constellation Brands, Inc. Class A in the 1st quarter worth about $9,393,000. Diamond Hill Capital Management Inc. acquired a new position in Constellation Brands, Inc. Class A in the 1st quarter worth about $44,661,000. Wells Fargo & Company MN increased its position in Constellation Brands, Inc. Class A by 18.5% in the 1st quarter. Wells Fargo & Company MN now owns 1,841,385 shares of the company’s stock worth $419,689,000 after purchasing an additional 287,676 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its position in Constellation Brands, Inc. Class A by 14.5% in the 1st quarter. Daiwa Securities Group Inc. now owns 5,874 shares of the company’s stock worth $1,339,000 after purchasing an additional 746 shares during the last quarter. 73.52% of the stock is owned by institutional investors.

Shares of NYSE STZ opened at $207.60 on Monday. The company has a current ratio of 1.81, a quick ratio of 0.77 and a debt-to-equity ratio of 0.89. The stock has a market cap of $39.69 billion, a PE ratio of 23.81, a P/E/G ratio of 1.95 and a beta of 0.03. Constellation Brands, Inc. Class A has a 52 week low of $196.89 and a 52 week high of $236.62.

Constellation Brands, Inc. Class A (NYSE:STZ) last issued its quarterly earnings data on Friday, June 29th. The company reported $2.20 EPS for the quarter, missing the Zacks’ consensus estimate of $2.42 by ($0.22). The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.05 billion. Constellation Brands, Inc. Class A had a net margin of 31.51% and a return on equity of 19.81%. The business’s revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.34 EPS. research analysts expect that Constellation Brands, Inc. Class A will post 9.4 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 24th. Stockholders of record on Friday, August 10th were issued a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date was Thursday, August 9th. Constellation Brands, Inc. Class A’s dividend payout ratio is 33.94%.

Several research analysts have weighed in on the company. Royal Bank of Canada upped their target price on Constellation Brands, Inc. Class A to $300.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 22nd. Zacks Investment Research raised Constellation Brands, Inc. Class A from a “sell” rating to a “hold” rating in a research report on Wednesday, August 22nd. Susquehanna Bancshares lowered Constellation Brands, Inc. Class A from a “neutral” rating to a “negative” rating and dropped their target price for the stock from $199.00 to $169.00 in a research report on Monday, August 20th. UBS Group lowered Constellation Brands, Inc. Class A to a “neutral” rating in a research report on Monday, August 20th. Finally, Deutsche Bank dropped their target price on Constellation Brands, Inc. Class A from $234.00 to $226.00 and set a “buy” rating on the stock in a research report on Thursday, August 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $245.48.

About Constellation Brands, Inc. Class A

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. The company sells wine across various categories, including table wine, sparkling wine, and dessert wine. It provides beer primarily under the Corona Extra, Corona Light, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands, as well as Funky Buddha, Obregon Brewery, and Ballast Point brands.

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Institutional Ownership by Quarter for Constellation Brands, Inc. Class A (NYSE:STZ)

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