Roffman Miller Associates Inc. PA Sells 2,217 Shares of Constellation Brands Inc $STZ

Roffman Miller Associates Inc. PA reduced its holdings in Constellation Brands Inc (NYSE:STZ) by 7.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,523 shares of the company’s stock after selling 2,217 shares during the quarter. Roffman Miller Associates Inc. PA’s holdings in Constellation Brands were worth $4,478,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Zions Bancorporation National Association UT purchased a new stake in Constellation Brands in the first quarter worth $38,000. Flaharty Asset Management LLC bought a new position in Constellation Brands in the 1st quarter worth $39,000. WPG Advisers LLC bought a new position in Constellation Brands in the 1st quarter worth $43,000. Hoey Investments Inc. purchased a new stake in shares of Constellation Brands in the 2nd quarter worth about $40,000. Finally, Curio Wealth LLC lifted its position in shares of Constellation Brands by 29,900.0% in the 2nd quarter. Curio Wealth LLC now owns 300 shares of the company’s stock worth $49,000 after purchasing an additional 299 shares during the period. 77.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on STZ shares. Needham & Company LLC reiterated a “buy” rating and set a $180.00 price target on shares of Constellation Brands in a research report on Wednesday, October 8th. Wells Fargo & Company cut their price objective on Constellation Brands from $170.00 to $155.00 and set an “overweight” rating on the stock in a research report on Thursday, September 25th. The Goldman Sachs Group decreased their target price on Constellation Brands from $196.00 to $168.00 and set a “buy” rating for the company in a research report on Thursday, October 2nd. Deutsche Bank Aktiengesellschaft lowered their target price on Constellation Brands from $182.00 to $158.00 and set a “hold” rating for the company in a research note on Wednesday, September 3rd. Finally, BNP Paribas lowered Constellation Brands from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 3rd. One investment 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’s stock. Based on data from MarketBeat.com, Constellation Brands currently has a consensus rating of “Hold” and a consensus price target of $186.44.

Constellation Brands Price Performance

STZ stock opened at $130.73 on Tuesday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.54 and a current ratio of 1.08. The firm has a market capitalization of $22.88 billion, a price-to-earnings ratio of 19.09, a PEG ratio of 0.39 and a beta of 1.75. The firm has a 50 day moving average price of $140.82 and a 200-day moving average price of $162.92. Constellation Brands Inc has a 52-week low of $127.00 and a 52-week high of $245.31.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings data on Thursday, February 23rd. The company reported $3.12 earnings per share for the quarter. The company 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%. Equities research analysts forecast that Constellation Brands Inc will post 13.5 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 13th. Stockholders of record on Thursday, October 30th will be issued a dividend of $1.02 per share. The ex-dividend date is Thursday, October 30th. This represents a $4.08 annualized dividend and a dividend yield of 3.1%. Constellation Brands’s dividend payout ratio (DPR) 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.