Harel Insurance Investments & Financial Services Ltd. Makes New Investment in Constellation Brands Inc $STZ

Harel Insurance Investments & Financial Services Ltd. acquired a new position in Constellation Brands Inc (NYSE:STZ) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 850 shares of the company’s stock, valued at approximately $138,000.

Several other hedge funds and other institutional investors have also bought and sold shares of STZ. Zions Bancorporation National Association UT purchased a new position in Constellation Brands in the first quarter worth $38,000. Flaharty Asset Management LLC purchased a new position in Constellation Brands in the first quarter worth $39,000. Hoey Investments Inc. purchased a new position in Constellation Brands in the second quarter worth $40,000. WPG Advisers LLC purchased a new position in Constellation Brands in the first quarter worth $43,000. Finally, Curio Wealth LLC boosted its position in Constellation Brands by 29,900.0% in the second quarter. Curio Wealth LLC now owns 300 shares of the company’s stock worth $49,000 after purchasing an additional 299 shares during the last quarter. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on STZ. Zacks Research cut Constellation Brands from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 9th. BNP Paribas cut Constellation Brands from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 3rd. Jefferies Financial Group dropped their price target on Constellation Brands from $205.00 to $179.00 and set a “buy” rating on the stock in a research report on Wednesday, September 3rd. Deutsche Bank Aktiengesellschaft dropped their price target on Constellation Brands from $182.00 to $158.00 and set a “hold” rating on the stock in a research report on Wednesday, September 3rd. Finally, Cowen reaffirmed a “hold” rating on shares of Constellation Brands in a research report on Monday, July 7th. One 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Constellation Brands currently has an average rating of “Hold” and an average price target of $186.44.

Constellation Brands Stock Performance

Shares of STZ opened at $130.73 on Tuesday. The stock’s 50-day simple moving average is $140.82 and its 200 day simple moving average is $162.92. The stock has a market capitalization of $22.88 billion, a price-to-earnings ratio of 19.09, a price-to-earnings-growth ratio of 0.39 and a beta of 1.75. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.54 and a current ratio of 1.08. Constellation Brands Inc has a 52-week low of $127.00 and a 52-week high of $245.31.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Thursday, February 23rd. The company reported $3.12 earnings per share (EPS) for the quarter. The business had revenue of $2.32 billion for the quarter. Constellation Brands had a return on equity of 29.82% and a net margin of 11.88%. Research analysts forecast 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 will be paid on Thursday, November 13th. Investors of record on Thursday, October 30th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Thursday, October 30th. This represents a $4.08 dividend on an annualized basis and a yield of 3.1%. Constellation Brands’s dividend payout ratio is 59.56%.

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.