Fort Washington Investment Advisors Inc. OH Acquires 19,800 Shares of Constellation Brands Inc $STZ

Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of Constellation Brands Inc (NYSE:STZ) by 8.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 245,359 shares of the company’s stock after acquiring an additional 19,800 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned 0.14% of Constellation Brands worth $33,042,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC grew its holdings in shares of Constellation Brands by 23.0% in the fourth quarter. Brighton Jones LLC now owns 1,001 shares of the company’s stock worth $221,000 after purchasing an additional 187 shares during the last quarter. State of Wyoming boosted its position in Constellation Brands by 232.5% in the 1st quarter. State of Wyoming now owns 838 shares of the company’s stock valued at $154,000 after buying an additional 586 shares during the period. Vident Advisory LLC grew its stake in Constellation Brands by 70.3% in the 1st quarter. Vident Advisory LLC now owns 4,828 shares of the company’s stock worth $886,000 after acquiring an additional 1,993 shares in the last quarter. Baird Financial Group Inc. increased its position in shares of Constellation Brands by 50.6% during the first quarter. Baird Financial Group Inc. now owns 152,906 shares of the company’s stock worth $28,061,000 after acquiring an additional 51,345 shares during the period. Finally, First Manhattan CO. LLC. increased its position in shares of Constellation Brands by 8.2% during the first quarter. First Manhattan CO. LLC. now owns 18,861 shares of the company’s stock worth $3,461,000 after acquiring an additional 1,435 shares during the period. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on STZ shares. UBS Group set a $160.00 price target on Constellation Brands in a report on Tuesday, October 7th. Jefferies Financial Group lowered their target price on Constellation Brands from $205.00 to $179.00 and set a “buy” rating for the company in a report on Wednesday, September 3rd. Citigroup dropped their price target on Constellation Brands from $155.00 to $145.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 23rd. The Goldman Sachs Group decreased their price objective on Constellation Brands from $196.00 to $168.00 and set a “buy” rating for the company in a report on Thursday, October 2nd. Finally, Bank of America dropped their target price on shares of Constellation Brands from $150.00 to $142.00 and set an “underperform” rating on the stock in a report on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $181.96.

Constellation Brands Stock Performance

Shares of STZ stock opened at $138.49 on Tuesday. 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 $228.89. The business’s 50 day moving average is $136.14 and its two-hundred day moving average is $149.57. The company has a market capitalization of $24.24 billion, a P/E ratio of 20.22, a P/E/G ratio of 0.42 and a beta of 0.46.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings data on Thursday, February 23rd. The company reported $3.12 EPS for the quarter. Constellation Brands had a return on equity of 29.82% and a net margin of 11.88%.The business had revenue of $2.32 billion during the quarter. Analysts expect that Constellation Brands Inc will post 13.5 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 13th. Shareholders of record on Thursday, October 30th were given a dividend of $1.02 per share. The ex-dividend date was Thursday, October 30th. This represents a $4.08 dividend on an annualized basis and a yield of 2.9%. Constellation Brands’s dividend payout ratio is currently 59.56%.

About Constellation Brands

Constellation Brands, Inc is a leading producer and marketer of beer, wine and spirits, with operations spanning production, importation, marketing and distribution. The company’s beverage portfolio includes a range of premium and mainstream wines and spirits alongside major imported beer brands; in the U.S. market Constellation is widely known for its role in bringing Mexican imports such as Corona and Modelo to American consumers. Constellation supplies retail, on‑premise and foodservice channels and supports its brands with national sales and marketing platforms and supply‑chain capabilities.

The company traces its roots to the Canandaigua Wine Company, founded by Marvin Sands in 1945, and evolved through organic growth and acquisition into a diversified beverage company.