Constellation Brands Inc $STZ Shares Bought by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. raised its holdings in Constellation Brands Inc (NYSE:STZ) by 131.8% during the 2nd quarter, Holdings Channel reports. The firm owned 17,060 shares of the company’s stock after purchasing an additional 9,700 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Constellation Brands were worth $2,775,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of STZ. Brighton Jones LLC lifted its holdings in shares of Constellation Brands by 23.0% in the fourth quarter. Brighton Jones LLC now owns 1,001 shares of the company’s stock valued at $221,000 after purchasing an additional 187 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of Constellation Brands by 3.0% in the first quarter. Bessemer Group Inc. now owns 2,242 shares of the company’s stock valued at $412,000 after purchasing an additional 65 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Constellation Brands by 15.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,246 shares of the company’s stock valued at $5,190,000 after purchasing an additional 3,784 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Constellation Brands by 7.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 17,206 shares of the company’s stock valued at $3,180,000 after purchasing an additional 1,185 shares in the last quarter. Finally, Ameritas Advisory Services LLC lifted its holdings in shares of Constellation Brands by 7.9% in the first quarter. Ameritas Advisory Services LLC now owns 6,396 shares of the company’s stock valued at $1,225,000 after purchasing an additional 468 shares in the last quarter. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Constellation Brands Stock Performance

NYSE:STZ opened at $130.91 on Thursday. The company has a quick ratio of 0.54, a current ratio of 1.08 and a debt-to-equity ratio of 1.26. The company has a market cap of $22.91 billion, a P/E ratio of 19.11, a P/E/G ratio of 0.40 and a beta of 0.66. Constellation Brands Inc has a fifty-two week low of $130.75 and a fifty-two week high of $245.31. The firm’s 50 day moving average is $142.93 and its two-hundred day moving average is $164.23.

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

Constellation Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 13th. Shareholders of record on Thursday, October 30th will be paid 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 3.1%. Constellation Brands’s dividend payout ratio (DPR) is currently 59.56%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on STZ shares. Zacks Research downgraded shares of Constellation Brands from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 9th. Morgan Stanley reduced their price objective on shares of Constellation Brands from $176.00 to $160.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 7th. Wells Fargo & Company reduced their price objective on shares of Constellation Brands from $170.00 to $155.00 and set an “overweight” rating on the stock in a research note on Thursday, September 25th. The Goldman Sachs Group reduced their price objective on shares of Constellation Brands from $196.00 to $168.00 and set a “buy” rating on the stock in a research note on Thursday, October 2nd. Finally, BMO Capital Markets reduced their price objective on shares of Constellation Brands from $215.00 to $190.00 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 given a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, Constellation Brands presently has an average rating of “Hold” and a consensus price target of $186.44.

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.