Mufg Securities Americas Inc. Has $552,000 Stock Holdings in Constellation Brands Inc $STZ

Mufg Securities Americas Inc. lifted its holdings in shares of Constellation Brands Inc (NYSE:STZ) by 23.3% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,392 shares of the company’s stock after buying an additional 641 shares during the period. Mufg Securities Americas Inc.’s holdings in Constellation Brands were worth $552,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC raised its stake in Constellation Brands by 23.0% during the fourth quarter. Brighton Jones LLC now owns 1,001 shares of the company’s stock worth $221,000 after acquiring an additional 187 shares in the last quarter. Wedbush Securities Inc. increased its position in Constellation Brands by 44.3% during the 1st quarter. Wedbush Securities Inc. now owns 2,435 shares of the company’s stock worth $447,000 after purchasing an additional 747 shares in the last quarter. Mediolanum International Funds Ltd acquired a new position in Constellation Brands during the 1st quarter worth approximately $588,000. HB Wealth Management LLC lifted its stake in Constellation Brands by 140.9% in the 1st quarter. HB Wealth Management LLC now owns 12,678 shares of the company’s stock valued at $2,327,000 after purchasing an additional 7,416 shares during the last quarter. Finally, Empirical Finance LLC boosted its position in Constellation Brands by 5.8% in the first quarter. Empirical Finance LLC now owns 3,044 shares of the company’s stock valued at $559,000 after buying an additional 167 shares in the last quarter. 77.34% of the stock is currently owned by institutional investors.

Constellation Brands Price Performance

Constellation Brands stock opened at $133.59 on Monday. The stock has a market capitalization of $23.38 billion, a price-to-earnings ratio of 19.50, a PEG ratio of 0.39 and a beta of 1.75. Constellation Brands Inc has a 52-week low of $126.45 and a 52-week high of $245.31. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.54 and a current ratio of 1.08. The stock’s 50 day moving average price is $134.99 and its two-hundred day moving average price is $157.30.

Constellation Brands (NYSE:STZ) last released its earnings results on Thursday, February 23rd. The company reported $3.12 earnings per share (EPS) for the quarter. The company had revenue of $2.32 billion for the quarter. Constellation Brands had a net margin of 11.88% and a return on equity of 29.82%. On average, equities analysts predict that Constellation Brands Inc will post 13.5 earnings per share for the current year.

Constellation Brands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Stockholders of record on Thursday, October 30th were paid a $1.02 dividend. The ex-dividend date was Thursday, October 30th. This represents a $4.08 annualized dividend and a dividend yield of 3.1%. Constellation Brands’s dividend payout ratio (DPR) is currently 59.56%.

Analysts Set New Price Targets

A number of research analysts have recently commented on STZ shares. Needham & Company LLC reiterated a “buy” rating and issued a $180.00 price target on shares of Constellation Brands in a research note on Wednesday, October 8th. Citigroup lowered their target price on Constellation Brands from $155.00 to $145.00 and set a “neutral” rating for the company in a report on Tuesday, September 23rd. Bank of America dropped their target price on Constellation Brands from $150.00 to $142.00 and set an “underperform” rating for the company in a research report on Wednesday, September 3rd. Sanford C. Bernstein cut their price target on shares of Constellation Brands from $225.00 to $195.00 and set an “outperform” rating on the stock in a report on Thursday, September 4th. Finally, JPMorgan Chase & Co. assumed coverage on Constellation Brands in a research note on Friday, November 7th. They issued a “neutral” rating and a $153.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $185.04.

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.