Carnegie Investment Counsel Sells 162 Shares of Constellation Brands Inc $STZ

Carnegie Investment Counsel lessened its position in Constellation Brands Inc (NYSE:STZ) by 4.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,388 shares of the company’s stock after selling 162 shares during the period. Carnegie Investment Counsel’s holdings in Constellation Brands were worth $551,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Zions Bancorporation National Association UT bought a new stake in shares of Constellation Brands during the first quarter worth $38,000. Flaharty Asset Management LLC bought a new stake in shares of Constellation Brands during the first quarter worth $39,000. Hoey Investments Inc. bought a new stake in shares of Constellation Brands during the second quarter worth $40,000. WPG Advisers LLC bought a new stake in shares of Constellation Brands during the first quarter worth $43,000. Finally, Concord Wealth Partners increased 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 worth $67,000 after acquiring an additional 210 shares in the last quarter. Institutional investors own 77.34% of the company’s stock.

Analyst Upgrades and Downgrades

STZ has been the subject of several research reports. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Constellation Brands from $182.00 to $158.00 and set a “hold” rating for the company in a research report on Wednesday, September 3rd. Needham & Company LLC reissued a “buy” rating and set a $180.00 price objective on shares of Constellation Brands in a research report on Wednesday, October 8th. Roth Capital restated a “buy” rating and set a $209.00 target price (down previously from $239.00) on shares of Constellation Brands in a report on Wednesday, September 3rd. Wells Fargo & Company reduced their target price on shares of Constellation Brands from $170.00 to $155.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. Finally, UBS Group set a $160.00 target price on shares of Constellation Brands in a report 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 given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $186.44.

Constellation Brands Stock Performance

Shares of STZ stock opened at $139.65 on Monday. The stock has a market cap of $24.44 billion, a P/E ratio of 20.39, a P/E/G ratio of 0.42 and a beta of 0.66. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.08 and a quick ratio of 0.54. The company has a fifty day moving average price of $144.83 and a two-hundred day moving average price of $165.28. Constellation Brands Inc has a one year low of $131.20 and a one year high of $245.31.

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

Constellation Brands Announces Dividend

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