Constellation Brands Inc $STZ Stock Position Lessened by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC decreased its holdings in Constellation Brands Inc (NYSE:STZ) by 5.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,040 shares of the company’s stock after selling 356 shares during the quarter. Ameritas Advisory Services LLC’s holdings in Constellation Brands were worth $983,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Laurel Wealth Advisors LLC bought a new position in shares of Constellation Brands in the first quarter worth $32,000. Rakuten Securities Inc. grew its stake in shares of Constellation Brands by 805.0% in the first quarter. Rakuten Securities Inc. now owns 181 shares of the company’s stock worth $33,000 after purchasing an additional 161 shares in the last quarter. Zions Bancorporation National Association UT bought a new position in shares of Constellation Brands in the first quarter worth $38,000. Flaharty Asset Management LLC bought a new position in shares of Constellation Brands in the first quarter worth $39,000. Finally, WPG Advisers LLC bought a new position in shares of Constellation Brands in the first quarter worth $43,000. Institutional investors own 77.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. TD Cowen decreased their target price on Constellation Brands from $180.00 to $152.00 and set a “hold” rating for the company in a research note on Thursday, September 4th. Needham & Company LLC decreased their target price on Constellation Brands from $200.00 to $180.00 and set a “buy” rating for the company in a research note on Wednesday, September 3rd. Barclays reaffirmed an “equal weight” rating and set a $150.00 target price (down previously from $202.00) on shares of Constellation Brands in a research note on Friday, September 12th. Citigroup decreased their target price on Constellation Brands from $155.00 to $145.00 and set a “neutral” rating for the company in a research note on Tuesday, September 23rd. Finally, Wells Fargo & Company decreased their target price on Constellation Brands from $170.00 to $155.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have assigned a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $188.96.

Constellation Brands Trading Up 1.2%

Shares of NYSE STZ opened at $142.20 on Friday. Constellation Brands Inc has a 12 month low of $131.20 and a 12 month high of $247.96. The company has a market cap of $25.07 billion, a price-to-earnings ratio of -59.50, a P/E/G ratio of 0.43 and a beta of 0.66. The company has a quick ratio of 0.68, a current ratio of 1.07 and a debt-to-equity ratio of 1.30. The business has a fifty day simple moving average of $153.72 and a 200-day simple moving average of $169.42.

Constellation Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 13th. Investors of record on Thursday, October 30th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Thursday, October 30th. Constellation Brands’s dividend payout ratio is currently -170.71%.

Insider Transactions at Constellation Brands

In related news, EVP James O. Bourdeau sold 821 shares of the stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $169.00, for a total value of $138,749.00. Following the completion of the sale, the executive vice president directly owned 9,438 shares of the company’s stock, valued at approximately $1,595,022. This represents a 8.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 12.45% of the company’s stock.

About Constellation Brands

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.