Constellation Brands Inc $STZ Shares Sold by Fisher Funds Management LTD

Fisher Funds Management LTD reduced its position in shares of Constellation Brands Inc (NYSE:STZ) by 10.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 21,311 shares of the company’s stock after selling 2,367 shares during the period. Fisher Funds Management LTD’s holdings in Constellation Brands were worth $3,467,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of STZ. Zions Bancorporation National Association UT purchased a new stake in shares of Constellation Brands during the 1st quarter worth $38,000. Flaharty Asset Management LLC purchased a new stake in shares of Constellation Brands during the 1st quarter worth $39,000. Hoey Investments Inc. purchased a new stake in shares of Constellation Brands during the 2nd quarter worth $40,000. WPG Advisers LLC purchased a new stake in shares of Constellation Brands during the 1st quarter worth $43,000. Finally, Curio Wealth LLC lifted its position in shares of Constellation Brands by 29,900.0% during 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 last quarter. 77.34% of the stock is owned by hedge funds and other institutional investors.

Constellation Brands Price Performance

Shares of STZ opened at $131.40 on Friday. 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 stock has a market cap of $23.00 billion, a PE ratio of 19.18, a price-to-earnings-growth ratio of 0.39 and a beta of 0.66. Constellation Brands Inc has a 1-year low of $127.00 and a 1-year high of $245.31. The firm has a fifty day moving average price of $141.49 and a 200 day moving average price of $163.59.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings data on Thursday, February 23rd. The company reported $3.12 EPS 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%. As a group, sell-side analysts anticipate that Constellation Brands Inc will post 13.5 EPS for the current year.

Constellation Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 13th. Shareholders of record on Thursday, October 30th will be paid 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 payout ratio is currently 59.56%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on STZ shares. Citigroup decreased their price objective on shares of Constellation Brands from $155.00 to $145.00 and set a “neutral” rating for the company in a research report on Tuesday, September 23rd. JPMorgan Chase & Co. decreased their price objective on shares of Constellation Brands from $173.00 to $153.00 and set a “neutral” rating for the company in a research report on Wednesday, October 8th. The Goldman Sachs Group reduced their price target on shares of Constellation Brands from $196.00 to $168.00 and set a “buy” rating for the company in a research report on Thursday, October 2nd. TD Cowen reduced their price target on shares of Constellation Brands from $180.00 to $152.00 and set a “hold” rating for the company in a research report on Thursday, September 4th. Finally, BNP Paribas Exane cut shares of Constellation Brands from a “neutral” rating to an “underperform” rating and set a $123.00 price target for the company. in a research report on Wednesday, September 3rd. One equities research 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 company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $186.44.

Constellation Brands Company 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.