Constellation Brands Inc $STZ Shares Sold by National Pension Service

National Pension Service reduced its stake in Constellation Brands Inc (NYSE:STZ) by 8.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 258,987 shares of the company’s stock after selling 24,635 shares during the period. National Pension Service’s holdings in Constellation Brands were worth $42,132,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Zions Bancorporation National Association UT acquired a new position in Constellation Brands during the 1st quarter valued at approximately $38,000. Flaharty Asset Management LLC purchased a new stake in shares of Constellation Brands during the first quarter valued at $39,000. Hoey Investments Inc. purchased a new stake in shares of Constellation Brands during the second quarter valued at $40,000. WPG Advisers LLC acquired a new position in shares of Constellation Brands in the 1st quarter valued at $43,000. Finally, Curio Wealth LLC raised its stake in 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 acquiring an additional 299 shares during the last quarter. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Constellation Brands Trading Down 0.6%

Shares of NYSE:STZ opened at $128.97 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.54 and a debt-to-equity ratio of 1.26. Constellation Brands Inc has a 12-month low of $126.45 and a 12-month high of $245.31. The business has a 50 day moving average of $136.23 and a two-hundred day moving average of $159.67. The company has a market capitalization of $22.57 billion, a PE ratio of 18.83, a PEG ratio of 0.39 and a beta of 1.75.

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

Constellation Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 13th. Shareholders of record on Thursday, October 30th were issued a $1.02 dividend. The ex-dividend date of this dividend was Thursday, October 30th. This represents a $4.08 dividend on an annualized basis and a yield of 3.2%. Constellation Brands’s payout ratio is presently 59.56%.

Analysts Set New Price Targets

Several research firms have weighed in on STZ. Barclays dropped their price target on Constellation Brands from $150.00 to $147.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 9th. 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 report on Thursday, October 2nd. TD Cowen cut their price target on shares of Constellation Brands from $180.00 to $152.00 and set a “hold” rating on the stock in a report on Thursday, September 4th. Jefferies Financial Group decreased their price objective on shares of Constellation Brands from $205.00 to $179.00 and set a “buy” rating for the company in a research note on Wednesday, September 3rd. Finally, Wells Fargo & Company dropped their price objective on shares of Constellation Brands from $170.00 to $155.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price 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.