Caitong International Asset Management Co. Ltd Has $72,000 Stock Holdings in Constellation Brands Inc $STZ

Caitong International Asset Management Co. Ltd raised its stake in shares of Constellation Brands Inc (NYSE:STZ) by 1,041.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 445 shares of the company’s stock after purchasing an additional 406 shares during the quarter. Caitong International Asset Management Co. Ltd’s holdings in Constellation Brands were worth $72,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Zions Bancorporation National Association UT acquired a new position in Constellation Brands during the first quarter valued at approximately $38,000. Flaharty Asset Management LLC bought a new stake in shares of Constellation Brands in the first quarter valued at approximately $39,000. WPG Advisers LLC bought a new stake in shares of Constellation Brands in the first quarter valued at approximately $43,000. Hoey Investments Inc. bought a new stake in shares of Constellation Brands in the second quarter valued at approximately $40,000. Finally, Blume Capital Management Inc. boosted its position in shares of Constellation Brands by 100.0% in the first quarter. Blume Capital Management Inc. now owns 400 shares of the company’s stock valued at $73,000 after acquiring an additional 200 shares during the period. Institutional investors and hedge funds own 77.34% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Barclays reduced their price objective on Constellation Brands from $150.00 to $147.00 and set an “equal weight” rating for the company in a research report on Thursday, October 9th. Cowen reissued a “hold” rating on shares of Constellation Brands in a research report on Monday, July 7th. UBS Group set a $160.00 price objective on Constellation Brands in a research report on Tuesday, October 7th. Wells Fargo & Company reduced their price objective on Constellation Brands from $170.00 to $155.00 and set an “overweight” rating for the company in a research report on Thursday, September 25th. Finally, BNP Paribas cut Constellation Brands from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $186.44.

Constellation Brands Stock Down 0.0%

Shares of STZ stock opened at $139.65 on Friday. The stock has a market cap of $24.44 billion, a P/E ratio of 20.39, a price-to-earnings-growth ratio of 0.42 and a beta of 0.66. Constellation Brands Inc has a one year low of $131.20 and a one year high of $245.31. The stock has a fifty day moving average price of $144.83 and a 200 day moving average price of $165.44. 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 issued its earnings results on Thursday, February 23rd. The company reported $3.12 EPS for the quarter. The firm had revenue of $2.32 billion during the quarter. Constellation Brands had a return on equity of 29.82% and a net margin of 11.88%. Analysts predict that Constellation Brands Inc will post 13.5 earnings per share for the current year.

Constellation Brands Announces Dividend

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