Constellation Brands Inc $STZ Shares Acquired by Heritage Investors Management Corp

Heritage Investors Management Corp increased its stake in Constellation Brands Inc (NYSE:STZ) by 6.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 146,827 shares of the company’s stock after acquiring an additional 8,613 shares during the period. Heritage Investors Management Corp’s holdings in Constellation Brands were worth $23,886,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of STZ. Vanguard Group Inc. raised its stake in shares of Constellation Brands by 18.6% in the first quarter. Vanguard Group Inc. now owns 18,417,604 shares of the company’s stock valued at $3,379,999,000 after acquiring an additional 2,882,817 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Constellation Brands by 127.9% in the first quarter. Wellington Management Group LLP now owns 4,480,788 shares of the company’s stock valued at $822,314,000 after acquiring an additional 2,514,517 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Constellation Brands in the first quarter valued at $63,377,000. Nordea Investment Management AB increased its holdings in Constellation Brands by 47.6% in the second quarter. Nordea Investment Management AB now owns 606,946 shares of the company’s stock valued at $98,538,000 after buying an additional 195,784 shares during the last quarter. Finally, DAVENPORT & Co LLC increased its holdings in Constellation Brands by 1,594.0% in the first quarter. DAVENPORT & Co LLC now owns 207,655 shares of the company’s stock valued at $38,132,000 after buying an additional 195,397 shares during the last quarter. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Constellation Brands Price Performance

Shares of STZ opened at $130.91 on Thursday. Constellation Brands Inc has a fifty-two week low of $130.75 and a fifty-two week high of $245.31. The company has a market capitalization of $22.91 billion, a price-to-earnings ratio of 19.11, a price-to-earnings-growth ratio of 0.40 and a beta of 1.75. The firm has a 50-day simple moving average of $142.93 and a 200-day simple moving average of $164.23. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.54 and a current ratio of 1.08.

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

Constellation Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 13th. Investors of record on Thursday, October 30th will be given a $1.02 dividend. The ex-dividend date 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 presently 59.56%.

Wall Street Analysts Forecast Growth

STZ has been the topic of several recent analyst reports. TD Cowen dropped their target price on Constellation Brands from $180.00 to $152.00 and set a “hold” rating on the stock in a report on Thursday, September 4th. BNP Paribas Exane lowered Constellation Brands from a “neutral” rating to an “underperform” rating and set a $123.00 target price on the stock. in a report on Wednesday, September 3rd. Jefferies Financial Group dropped their price objective on Constellation Brands from $205.00 to $179.00 and set a “buy” rating on the stock in a report on Wednesday, September 3rd. Cowen reaffirmed a “hold” rating on shares of Constellation Brands in a report on Monday, July 7th. Finally, Zacks Research lowered Constellation Brands from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 9th. 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $186.44.

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.