Callan Family Office LLC Takes Position in Constellation Brands Inc $STZ

Key Points

• Callan Family Office LLC has acquired a new stake in Constellation Brands Inc, purchasing 2,674 shares valued at approximately $435,000 in the 2nd quarter.
• Recent research reports have altered analysts' ratings on Constellation Brands, with Deutsche Bank lowering the price target from $182.00 to $158.00 and BNP Paribas issuing a "strong sell" rating.
• Constellation Brands announced a quarterly dividend of $1.02 per share, to be paid on November 13th, reflecting an annualized yield of 2.9%.

Callan Family Office LLC acquired a new stake in Constellation Brands Inc (NYSE:STZ - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,674 shares of the company's stock, valued at approximately $435,000.

Several other hedge funds have also recently modified their holdings of STZ. Rakuten Securities Inc. lifted its holdings in shares of Constellation Brands by 805.0% during the first quarter. Rakuten Securities Inc. now owns 181 shares of the company's stock worth $33,000 after purchasing an additional 161 shares during the period. Zions Bancorporation National Association UT acquired a new stake in shares of Constellation Brands during the first quarter worth $38,000. Flaharty Asset Management LLC acquired a new stake in shares of Constellation Brands during the first quarter worth $39,000. Hoey Investments Inc. acquired a new stake in shares of Constellation Brands during the second quarter worth $40,000. Finally, WPG Advisers LLC acquired a new stake in shares of Constellation Brands during the first quarter worth $43,000. 77.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

STZ has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft decreased their price target on Constellation Brands from $182.00 to $158.00 and set a "hold" rating for the company in a report on Wednesday, September 3rd. UBS Group set a $160.00 target price on Constellation Brands in a report on Tuesday, October 7th. BNP Paribas downgraded Constellation Brands from a "hold" rating to a "strong sell" rating in a report on Wednesday, September 3rd. BNP Paribas Exane downgraded 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, Sanford C. Bernstein reduced 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. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have assigned a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $186.44.

Insider Buying and Selling

In related 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 owned 9,438 shares in the company, valued at approximately $1,595,022. This trade represents a 8.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 12.45% of the company's stock.

Constellation Brands Trading Down 0.0%

Shares of STZ stock opened at $141.44 on Wednesday. Constellation Brands Inc has a fifty-two week low of $131.20 and a fifty-two week high of $247.63. The stock has a market cap of $24.93 billion, a P/E ratio of 20.65, a P/E/G ratio of 0.42 and a beta of 1.75. The business has a fifty day simple moving average of $149.62 and a 200-day simple moving average of $167.48. The company has a quick ratio of 0.54, a current ratio of 1.08 and a debt-to-equity ratio of 1.26.

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 for the quarter. Constellation Brands had a return on equity of 29.82% and a net margin of 11.88%.The business had revenue of $2.32 billion during the quarter. On average, analysts forecast that Constellation Brands Inc will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 13th. Investors of record on Thursday, October 30th will be given 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 is Thursday, October 30th. Constellation Brands's dividend payout ratio (DPR) is currently 59.56%.

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.

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