Tredje AP fonden Buys 48,871 Shares of Constellation Brands Inc $STZ

Tredje AP fonden lifted its stake in shares of Constellation Brands Inc (NYSE:STZ) by 20.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 292,417 shares of the company’s stock after purchasing an additional 48,871 shares during the quarter. Tredje AP fonden owned 0.17% of Constellation Brands worth $47,570,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in STZ. Brighton Jones LLC raised its stake in shares of Constellation Brands by 23.0% during the 4th quarter. Brighton Jones LLC now owns 1,001 shares of the company’s stock valued at $221,000 after purchasing an additional 187 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of Constellation Brands by 7.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 17,206 shares of the company’s stock valued at $3,180,000 after purchasing an additional 1,185 shares during the period. Strategic Financial Concepts LLC raised its stake in shares of Constellation Brands by 5.8% during the 1st quarter. Strategic Financial Concepts LLC now owns 1,128 shares of the company’s stock valued at $207,000 after purchasing an additional 62 shares during the period. First Horizon Advisors Inc. raised its stake in shares of Constellation Brands by 23.9% during the 1st quarter. First Horizon Advisors Inc. now owns 4,907 shares of the company’s stock valued at $901,000 after purchasing an additional 947 shares during the period. Finally, Teacher Retirement System of Texas raised its stake in shares of Constellation Brands by 225.1% during the 1st quarter. Teacher Retirement System of Texas now owns 31,331 shares of the company’s stock valued at $5,750,000 after purchasing an additional 21,695 shares during the period. 77.34% of the stock is currently owned by institutional investors.

Constellation Brands Price Performance

Shares of Constellation Brands stock opened at $131.40 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.54 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $23.00 billion, a PE ratio of 19.18, a price-to-earnings-growth ratio of 0.39 and a beta of 1.75. The business’s 50-day moving average price is $141.49 and its 200-day moving average price is $163.45. Constellation Brands Inc has a 12 month low of $127.00 and a 12 month high of $245.31.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Thursday, February 23rd. The company reported $3.12 EPS for the quarter. The firm 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%. Sell-side analysts forecast that Constellation Brands Inc will post 13.5 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 13th. Stockholders of record on Thursday, October 30th will be given a dividend of $1.02 per share. The ex-dividend date is Thursday, October 30th. This represents a $4.08 annualized dividend and a dividend yield of 3.1%. Constellation Brands’s dividend payout ratio is 59.56%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Zacks Research lowered Constellation Brands from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 9th. The Goldman Sachs Group decreased their target price on Constellation Brands from $196.00 to $168.00 and set a “buy” rating on the stock in a research note on Thursday, October 2nd. Needham & Company LLC restated a “buy” rating and issued a $180.00 target price on shares of Constellation Brands in a research note on Wednesday, October 8th. BMO Capital Markets decreased their target price on Constellation Brands from $215.00 to $190.00 and set an “outperform” rating on the stock in a research note on Thursday, September 4th. Finally, TD Cowen decreased their target price on Constellation Brands from $180.00 to $152.00 and set a “hold” rating on the stock in a research note on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $186.44.

Constellation Brands Company 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.