Dillon & Associates Inc. Sells 12,465 Shares of Constellation Brands Inc $STZ

Dillon & Associates Inc. cut its position in shares of Constellation Brands Inc (NYSE:STZ) by 69.8% during the 2nd quarter, HoldingsChannel reports. The firm owned 5,394 shares of the company’s stock after selling 12,465 shares during the period. Dillon & Associates Inc.’s holdings in Constellation Brands were worth $879,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Arlington Partners LLC bought a new stake in Constellation Brands during the second quarter valued at about $2,333,000. AlphaQuest LLC lifted its position in shares of Constellation Brands by 350.7% during the 2nd quarter. AlphaQuest LLC now owns 5,178 shares of the company’s stock valued at $842,000 after buying an additional 4,029 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Constellation Brands by 969.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 83,656 shares of the company’s stock valued at $13,609,000 after buying an additional 75,834 shares in the last quarter. Wesbanco Bank Inc. lifted its position in shares of Constellation Brands by 10.7% during the 2nd quarter. Wesbanco Bank Inc. now owns 43,329 shares of the company’s stock valued at $7,049,000 after buying an additional 4,204 shares in the last quarter. Finally, Glenview Trust co lifted its position in shares of Constellation Brands by 6.8% during the 1st quarter. Glenview Trust co now owns 69,427 shares of the company’s stock valued at $12,741,000 after buying an additional 4,421 shares in the last quarter. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Constellation Brands Price Performance

Shares of Constellation Brands stock opened at $130.73 on Tuesday. The company has a quick ratio of 0.54, a current ratio of 1.08 and a debt-to-equity ratio of 1.26. Constellation Brands Inc has a twelve month low of $127.00 and a twelve month high of $245.31. The business has a 50-day moving average price of $140.82 and a 200 day moving average price of $162.92. The firm has a market cap of $22.88 billion, a PE ratio of 19.09, a P/E/G ratio of 0.39 and a beta of 1.75.

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

Constellation Brands Announces Dividend

The company 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 dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 3.1%. The ex-dividend date is Thursday, October 30th. Constellation Brands’s payout ratio is 59.56%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on STZ shares. Raymond James Financial raised Constellation Brands to a “strong-buy” rating in a research report on Monday, July 7th. Roth Capital reaffirmed a “buy” rating and issued a $209.00 price objective (down from $239.00) on shares of Constellation Brands in a research note on Wednesday, September 3rd. BMO Capital Markets reduced their price target on Constellation Brands from $215.00 to $190.00 and set an “outperform” rating on the stock in a report on Thursday, September 4th. Cowen reiterated a “hold” rating on shares of Constellation Brands in a report on Monday, July 7th. Finally, Sanford C. Bernstein cut their price target on Constellation Brands from $225.00 to $195.00 and set an “outperform” rating on the stock in a report on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the stock currently 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.