Global X Management Co LLC grew its stake in Constellation Brands, Inc. Class A (NYSE:STZ) by 17.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 8,413 shares of the company’s stock after acquiring an additional 1,261 shares during the period. Global X Management Co LLC’s holdings in Constellation Brands, Inc. Class A were worth $1,841,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of STZ. Sun Life Financial INC lifted its position in shares of Constellation Brands, Inc. Class A by 155.3% in the second quarter. Sun Life Financial INC now owns 457 shares of the company’s stock valued at $100,000 after acquiring an additional 278 shares in the last quarter. Clarus Wealth Advisors purchased a new position in Constellation Brands, Inc. Class A during the second quarter worth about $111,000. Benjamin F. Edwards & Company Inc. lifted its position in Constellation Brands, Inc. Class A by 227.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 527 shares of the company’s stock worth $115,000 after buying an additional 366 shares during the period. Stelac Advisory Services LLC purchased a new position in Constellation Brands, Inc. Class A during the second quarter worth about $125,000. Finally, Cornerstone Wealth Management LLC purchased a new position in Constellation Brands, Inc. Class A during the second quarter worth about $140,000. Institutional investors and hedge funds own 73.46% of the company’s stock.

Several research firms recently weighed in on STZ. Deutsche Bank reduced their target price on Constellation Brands, Inc. Class A from $234.00 to $226.00 and set a “buy” rating on the stock in a research report on Thursday, August 16th. Cann reduced their target price on Constellation Brands, Inc. Class A from $234.00 to $226.00 and set a “buy” rating on the stock in a research report on Thursday, August 16th. Jefferies Financial Group began coverage on Constellation Brands, Inc. Class A in a research report on Friday, September 7th. They set a “buy” rating and a $283.00 target price on the stock. Zacks Investment Research upgraded Constellation Brands, Inc. Class A from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Susquehanna Bancshares downgraded Constellation Brands, Inc. Class A from a “neutral” rating to a “negative” rating and reduced their target price for the stock from $199.00 to $169.00 in a research report on Monday, August 20th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. Constellation Brands, Inc. Class A presently has a consensus rating of “Buy” and a consensus price target of $242.62.

Shares of NYSE:STZ opened at $216.94 on Monday. The stock has a market cap of $41.48 billion, a price-to-earnings ratio of 24.88, a PEG ratio of 2.13 and a beta of 0.03. The company has a quick ratio of 0.77, a current ratio of 1.81 and a debt-to-equity ratio of 0.89. Constellation Brands, Inc. Class A has a 12 month low of $197.32 and a 12 month high of $236.62.

Constellation Brands, Inc. Class A (NYSE:STZ) last announced its quarterly earnings results on Friday, June 29th. The company reported $2.20 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.42 by ($0.22). The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.05 billion. Constellation Brands, Inc. Class A had a return on equity of 19.81% and a net margin of 31.51%. The business’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.34 earnings per share. research analysts predict that Constellation Brands, Inc. Class A will post 9.36 EPS for the current fiscal year.

About Constellation Brands, Inc. Class A

Constellation Brands, Inc, together with its subsidiaries, produces, imports, and markets beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company sells wine across various categories, including table wine, sparkling wine, and dessert wine. It provides beer primarily under the Corona Extra, Corona Light, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands, as well as Funky Buddha, Obregon Brewery, and Ballast Point brands.

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Institutional Ownership by Quarter for Constellation Brands, Inc. Class A (NYSE:STZ)

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