Arista Wealth Management LLC Invests $428,000 in Constellation Brands Inc $STZ

Key Points

• Arista Wealth Management LLC has invested approximately $428,000 in Constellation Brands Inc, acquiring 2,629 shares during the 2nd quarter.
• Analysts have given mixed ratings for Constellation Brands, with targets ranging from $123.00 to $209.00 and an average rating of "Hold."
• Constellation Brands will pay a quarterly dividend of $1.02 per share on November 13th, resulting in an annualized yield of 2.9%.

Arista Wealth Management LLC acquired a new stake in Constellation Brands Inc (NYSE:STZ - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 2,629 shares of the company's stock, valued at approximately $428,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Stratos Wealth Advisors LLC raised its holdings in shares of Constellation Brands by 3.5% in the 2nd quarter. Stratos Wealth Advisors LLC now owns 3,361 shares of the company's stock valued at $547,000 after buying an additional 114 shares during the period. Applied Finance Capital Management LLC raised its holdings in shares of Constellation Brands by 15.7% in the 2nd quarter. Applied Finance Capital Management LLC now owns 93,359 shares of the company's stock valued at $15,187,000 after buying an additional 12,686 shares during the period. Nordea Investment Management AB raised its holdings in shares of Constellation Brands by 47.6% in the 2nd quarter. Nordea Investment Management AB now owns 606,946 shares of the company's stock valued at $98,538,000 after buying an additional 195,784 shares during the period. Stableford Capital II LLC raised its holdings in shares of Constellation Brands by 86.4% in the 2nd quarter. Stableford Capital II LLC now owns 11,994 shares of the company's stock valued at $2,105,000 after buying an additional 5,560 shares during the period. Finally, WealthPlan Investment Management LLC raised its holdings in shares of Constellation Brands by 4.7% in the 2nd quarter. WealthPlan Investment Management LLC now owns 36,927 shares of the company's stock valued at $6,007,000 after buying an additional 1,646 shares during the period. Hedge funds and other institutional investors own 77.34% of the company's stock.

Analyst Ratings Changes

STZ has been the topic of several research analyst reports. JPMorgan Chase & Co. cut their price objective on Constellation Brands from $173.00 to $153.00 and set a "neutral" rating on the stock in a report on Wednesday, October 8th. UBS Group set a $160.00 target price on Constellation Brands in a report on Tuesday, October 7th. Sanford C. Bernstein decreased their target price on Constellation Brands from $225.00 to $195.00 and set an "outperform" rating for the company in a report on Thursday, September 4th. BNP Paribas Exane lowered Constellation Brands from a "neutral" rating to an "underperform" rating and set a $123.00 target price for the company. in a report on Wednesday, September 3rd. Finally, Roth Capital reiterated a "buy" rating and issued a $209.00 target price (down from $239.00) on shares of Constellation Brands in a report on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have assigned a Hold rating and five have issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $186.44.

Constellation Brands Stock Up 0.8%

Shares of NYSE STZ opened at $140.41 on Friday. The company has a market capitalization of $24.75 billion, a price-to-earnings ratio of 20.50, a price-to-earnings-growth ratio of 0.42 and a beta of 1.75. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.08 and a quick ratio of 0.54. The business has a 50-day moving average of $147.73 and a two-hundred day moving average of $166.67. Constellation Brands Inc has a 1 year low of $131.20 and a 1 year high of $245.31.

Constellation Brands (NYSE:STZ - Get Free Report) last announced its quarterly 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 during the quarter. Constellation Brands had a return on equity of 29.82% and a net margin of 11.88%. On average, analysts forecast that Constellation Brands Inc will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 13th. Shareholders of record on Thursday, October 30th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Thursday, October 30th. Constellation Brands's payout ratio is 59.56%.

Insider Transactions at Constellation Brands

In other Constellation Brands news, EVP James O. Bourdeau sold 821 shares of Constellation Brands stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $169.00, for a total transaction of $138,749.00. Following the completion of the sale, the executive vice president directly owned 9,438 shares of the company's stock, valued at $1,595,022. The trade was a 8.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 12.45% of the stock is owned by company insiders.

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.

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