Asset Management One Co. Ltd. Has $11.15 Million Holdings in Constellation Brands Inc $STZ

Asset Management One Co. Ltd. raised its position in Constellation Brands Inc (NYSE:STZ) by 2.0% in the second quarter, HoldingsChannel reports. The fund owned 68,506 shares of the company’s stock after purchasing an additional 1,315 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Constellation Brands were worth $11,145,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in STZ. Zions Bancorporation National Association UT acquired a new stake in Constellation Brands in the first quarter valued at approximately $38,000. Flaharty Asset Management LLC purchased a new position in shares of Constellation Brands during the first quarter valued at approximately $39,000. Hoey Investments Inc. purchased a new position in shares of Constellation Brands during the second quarter valued at approximately $40,000. WPG Advisers LLC purchased a new position in shares of Constellation Brands during the first quarter valued at approximately $43,000. Finally, Concord Wealth Partners boosted its position in shares of Constellation Brands by 105.0% during the second quarter. Concord Wealth Partners now owns 410 shares of the company’s stock valued at $67,000 after buying an additional 210 shares during the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on STZ. BNP Paribas Exane cut Constellation Brands from a “neutral” rating to an “underperform” rating and set a $123.00 target price on the stock. in a research report on Wednesday, September 3rd. Jefferies Financial Group dropped their price target on Constellation Brands from $205.00 to $179.00 and set a “buy” rating on the stock in a report on Wednesday, September 3rd. Sanford C. Bernstein dropped their price target on Constellation Brands from $225.00 to $195.00 and set an “outperform” rating on the stock in a report on Thursday, September 4th. Barclays dropped their price target on Constellation Brands from $150.00 to $147.00 and set an “equal weight” rating on the stock in a report on Thursday, October 9th. Finally, JPMorgan Chase & Co. dropped their price target on Constellation Brands from $173.00 to $153.00 and set a “neutral” rating on the stock in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, Constellation Brands presently has a consensus rating of “Hold” and an average target price of $186.44.

Constellation Brands Trading Down 0.0%

STZ opened at $139.65 on Monday. The business has a 50 day simple moving average of $144.83 and a two-hundred day simple moving average of $165.28. The firm has a market capitalization of $24.44 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 0.42 and a beta of 1.75. 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 Inc has a one year low of $131.20 and a one year high of $245.31.

Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Thursday, February 23rd. The company reported $3.12 EPS for the quarter. The business 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 EPS for the current year.

Constellation Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 13th. Shareholders of record on Thursday, October 30th will be given 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 yield of 2.9%. Constellation Brands’s dividend payout ratio is presently 59.56%.

About Constellation Brands

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.