Rhumbline Advisers increased its position in shares of Constellation Brands, Inc. Class A (NYSE:STZ) by 0.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 303,633 shares of the company’s stock after buying an additional 288 shares during the period. Rhumbline Advisers owned about 0.16% of Constellation Brands, Inc. Class A worth $66,456,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Signition LP purchased a new position in Constellation Brands, Inc. Class A in the second quarter valued at approximately $620,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Constellation Brands, Inc. Class A by 2.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,591 shares of the company’s stock valued at $7,133,000 after purchasing an additional 791 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in Constellation Brands, Inc. Class A by 68.5% in the second quarter. Nomura Asset Management Co. Ltd. now owns 60,350 shares of the company’s stock valued at $13,209,000 after purchasing an additional 24,541 shares during the last quarter. Nicola Wealth Management LTD. purchased a new position in Constellation Brands, Inc. Class A in the second quarter valued at approximately $1,970,000. Finally, Fiduciary Trust Co. increased its stake in Constellation Brands, Inc. Class A by 15.8% in the second quarter. Fiduciary Trust Co. now owns 2,903 shares of the company’s stock valued at $636,000 after purchasing an additional 397 shares during the last quarter. Hedge funds and other institutional investors own 72.88% of the company’s stock.

Several brokerages have commented on STZ. Stifel Nicolaus increased their price target on shares of Constellation Brands, Inc. Class A from $228.00 to $230.00 and gave the company a “hold” rating in a research note on Thursday, May 31st. Morgan Stanley dropped their price target on shares of Constellation Brands, Inc. Class A from $262.00 to $258.00 and set a “buy” rating on the stock in a research note on Tuesday, July 3rd. Pivotal Research reiterated a “buy” rating and issued a $285.00 price target on shares of Constellation Brands, Inc. Class A in a research note on Friday, June 29th. ValuEngine upgraded shares of Constellation Brands, Inc. Class A from a “hold” rating to a “buy” rating in a research note on Thursday, June 28th. Finally, OTR Global lowered shares of Constellation Brands, Inc. Class A to a “positive” rating in a research note on Friday, June 15th. Five equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $249.74.

STZ stock opened at $213.30 on Friday. The company has a market capitalization of $41.06 billion, a PE ratio of 25.06, a PEG ratio of 1.95 and a beta of 0.03. Constellation Brands, Inc. Class A has a twelve month low of $194.98 and a twelve month high of $236.62. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.81 and a quick ratio of 0.77.

Constellation Brands, Inc. Class A (NYSE:STZ) last posted its quarterly earnings data on Friday, June 29th. The company reported $2.20 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.42 by ($0.22). The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.05 billion. Constellation Brands, Inc. Class A had a net margin of 31.51% and a return on equity of 19.81%. Constellation Brands, Inc. Class A’s revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.34 earnings per share. sell-side analysts predict that Constellation Brands, Inc. Class A will post 9.57 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 24th. Stockholders of record on Friday, August 10th will be issued a $0.74 dividend. This represents a $2.96 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend is Thursday, August 9th. Constellation Brands, Inc. Class A’s payout ratio is currently 33.94%.

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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