Vestor Capital LLC Has $1.12 Million Stock Holdings in Constellation Brands Inc $STZ

Vestor Capital LLC boosted its holdings in shares of Constellation Brands Inc (NYSE:STZ) by 1,428.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,878 shares of the company’s stock after acquiring an additional 6,428 shares during the quarter. Vestor Capital LLC’s holdings in Constellation Brands were worth $1,119,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Brighton Jones LLC raised its position in Constellation Brands by 23.0% during the 4th quarter. Brighton Jones LLC now owns 1,001 shares of the company’s stock worth $221,000 after purchasing an additional 187 shares during the last quarter. Wedbush Securities Inc. grew its position in shares of Constellation Brands by 44.3% in the 1st quarter. Wedbush Securities Inc. now owns 2,435 shares of the company’s stock valued at $447,000 after buying an additional 747 shares during the last quarter. Mediolanum International Funds Ltd acquired a new stake in shares of Constellation Brands in the first quarter valued at about $588,000. HB Wealth Management LLC raised its position in shares of Constellation Brands by 140.9% during the first quarter. HB Wealth Management LLC now owns 12,678 shares of the company’s stock worth $2,327,000 after acquiring an additional 7,416 shares during the last quarter. Finally, Empirical Finance LLC lifted its stake in shares of Constellation Brands by 5.8% in the first quarter. Empirical Finance LLC now owns 3,044 shares of the company’s stock worth $559,000 after acquiring an additional 167 shares during the period. Institutional investors own 77.34% of the company’s stock.

Constellation Brands Stock Up 2.4%

Shares of NYSE STZ opened at $133.59 on Friday. The company has a quick ratio of 0.54, a current ratio of 1.08 and a debt-to-equity ratio of 1.26. The firm has a market cap of $23.38 billion, a PE ratio of 19.50, a P/E/G ratio of 0.39 and a beta of 1.75. The company’s fifty day simple moving average is $134.99 and its 200 day simple moving average is $157.52. Constellation Brands Inc has a 12-month low of $126.45 and a 12-month high of $245.31.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings results on Thursday, February 23rd. The company reported $3.12 earnings per share for the quarter. Constellation Brands had a net margin of 11.88% and a return on equity of 29.82%. The firm had revenue of $2.32 billion during the quarter. As a group, sell-side analysts forecast that Constellation Brands Inc will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 13th. Investors of record on Thursday, October 30th were paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Thursday, October 30th. Constellation Brands’s dividend payout ratio is 59.56%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on STZ. Roth Capital reissued a “buy” rating and set a $209.00 target price (down previously from $239.00) on shares of Constellation Brands in a research report on Wednesday, September 3rd. JPMorgan Chase & Co. started coverage on shares of Constellation Brands in a research note on Friday, November 7th. They issued a “neutral” rating and a $153.00 price objective on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of Constellation Brands in a research note on Wednesday. BMO Capital Markets dropped their target price on shares of Constellation Brands from $215.00 to $190.00 and set an “outperform” rating on the stock in a report on Thursday, September 4th. Finally, TD Cowen cut their price target on shares of Constellation Brands from $180.00 to $152.00 and set a “hold” rating on the stock in a research report 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 issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $185.04.

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.