Texas Permanent School Fund Corp Sells 5,254 Shares of Constellation Brands Inc $STZ

Texas Permanent School Fund Corp lessened its stake in Constellation Brands Inc (NYSE:STZ) by 21.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,810 shares of the company’s stock after selling 5,254 shares during the period. Texas Permanent School Fund Corp’s holdings in Constellation Brands were worth $3,060,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in Constellation Brands by 23.0% during the fourth quarter. Brighton Jones LLC now owns 1,001 shares of the company’s stock valued at $221,000 after acquiring an additional 187 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of Constellation Brands by 78.2% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 10,670 shares of the company’s stock valued at $1,958,000 after purchasing an additional 4,682 shares during the last quarter. Summit Financial LLC boosted its position in shares of Constellation Brands by 7.2% in the 1st quarter. Summit Financial LLC now owns 1,236 shares of the company’s stock worth $227,000 after purchasing an additional 83 shares in the last quarter. CW Advisors LLC grew its stake in Constellation Brands by 215.4% during the 1st quarter. CW Advisors LLC now owns 10,946 shares of the company’s stock worth $2,009,000 after buying an additional 7,475 shares during the last quarter. Finally, Norinchukin Bank The grew its stake in Constellation Brands by 14.8% during the 1st quarter. Norinchukin Bank The now owns 7,975 shares of the company’s stock worth $1,464,000 after buying an additional 1,030 shares during the last quarter. 77.34% of the stock is currently owned by institutional investors.

Constellation Brands Stock Down 1.3%

Shares of STZ opened at $134.96 on Friday. The company has a market capitalization of $23.62 billion, a price-to-earnings ratio of 19.70, a PEG ratio of 0.41 and a beta of 0.46. Constellation Brands Inc has a 52 week low of $126.45 and a 52 week high of $229.07. The stock’s 50-day moving average price is $136.23 and its 200-day moving average price is $151.24. The company has a quick ratio of 0.54, a current ratio of 1.08 and a debt-to-equity ratio of 1.26.

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

Constellation Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 13th. Investors of record on Thursday, October 30th were given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 3.0%. The ex-dividend date was Thursday, October 30th. Constellation Brands’s dividend payout ratio (DPR) is currently 59.56%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Weiss Ratings restated a “sell (d+)” rating on shares of Constellation Brands in a research note on Monday. Needham & Company LLC restated a “buy” rating and set a $180.00 price target on shares of Constellation Brands in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $160.00 price target on shares of Constellation Brands in a report on Monday. Barclays dropped their price objective on shares of 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, Morgan Stanley reduced their target price on Constellation Brands from $176.00 to $160.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Constellation Brands presently has a consensus rating of “Hold” and a consensus price target of $181.96.

About Constellation Brands

Constellation Brands, Inc is a leading producer and marketer of beer, wine and spirits, with operations spanning production, importation, marketing and distribution. The company’s beverage portfolio includes a range of premium and mainstream wines and spirits alongside major imported beer brands; in the U.S. market Constellation is widely known for its role in bringing Mexican imports such as Corona and Modelo to American consumers. Constellation supplies retail, on‑premise and foodservice channels and supports its brands with national sales and marketing platforms and supply‑chain capabilities.

The company traces its roots to the Canandaigua Wine Company, founded by Marvin Sands in 1945, and evolved through organic growth and acquisition into a diversified beverage company.