Constellation Brands Inc $STZ Shares Acquired by Davidson Investment Advisors

Key Points

• Davidson Investment Advisors increased its stake in Constellation Brands by 32.4% during the second quarter, owning approximately 0.07% of the company valued at $19.7 million.
• Constellation Brands will pay a quarterly dividend of $1.02 on November 13, representing an annual yield of 2.9%.
• Analysts have mixed ratings on the stock, with prices targets ranging from $155 to $225 and a consensus rating of "Hold."

Davidson Investment Advisors raised its stake in shares of Constellation Brands Inc (NYSE:STZ - Free Report) by 32.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 121,073 shares of the company's stock after acquiring an additional 29,652 shares during the quarter. Davidson Investment Advisors owned approximately 0.07% of Constellation Brands worth $19,696,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Rakuten Securities Inc. lifted its holdings in Constellation Brands by 805.0% during the 1st quarter. Rakuten Securities Inc. now owns 181 shares of the company's stock worth $33,000 after buying an additional 161 shares during the last quarter. Zions Bancorporation National Association UT acquired a new stake in shares of Constellation Brands during the 1st quarter valued at approximately $38,000. Flaharty Asset Management LLC bought a new position in Constellation Brands during the first quarter worth $39,000. Hoey Investments Inc. acquired a new position in Constellation Brands in the second quarter worth $40,000. Finally, WPG Advisers LLC bought a new stake in Constellation Brands during the first quarter valued at $43,000. Institutional investors and hedge funds own 77.34% of the company's stock.

Constellation Brands Stock Down 0.0%

Constellation Brands stock opened at $141.44 on Wednesday. Constellation Brands Inc has a 52 week low of $131.20 and a 52 week high of $247.63. The stock has a market cap of $24.93 billion, a price-to-earnings ratio of 20.65, a PEG ratio of 0.42 and a beta of 1.75. The company's 50-day moving average price is $149.62 and its two-hundred day moving average price is $167.48. The company has a current ratio of 1.08, a quick ratio of 0.54 and a debt-to-equity ratio of 1.26.

Constellation Brands (NYSE:STZ - Get Free Report) last posted its quarterly earnings data on Thursday, February 23rd. The company reported $3.12 earnings per share (EPS) for the quarter. Constellation Brands had a net margin of 11.88% and a return on equity of 29.82%. The business had revenue of $2.32 billion during the quarter. On average, analysts expect that Constellation Brands Inc will post 13.5 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

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 paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Thursday, October 30th. Constellation Brands's payout ratio is currently 59.56%.

Insider Buying and Selling at Constellation Brands

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

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Wells Fargo & Company reduced their price target on shares of Constellation Brands from $170.00 to $155.00 and set an "overweight" rating on the stock in a research report on Thursday, September 25th. BNP Paribas cut shares of Constellation Brands from a "hold" rating to a "strong sell" rating in a report on Wednesday, September 3rd. Sanford C. Bernstein lowered 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. Cowen restated a "hold" rating on shares of Constellation Brands in a research report on Monday, July 7th. Finally, Raymond James Financial raised Constellation Brands to a "strong-buy" rating in a research report on Monday, July 7th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have given a Hold rating and five have given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus 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.

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