US Bancorp DE Has $8.66 Million Stock Holdings in Constellation Brands Inc $STZ

US Bancorp DE decreased its holdings in shares of Constellation Brands Inc (NYSE:STZ - Free Report) by 10.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 53,258 shares of the company's stock after selling 5,931 shares during the period. US Bancorp DE's holdings in Constellation Brands were worth $8,664,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in STZ. Rakuten Securities Inc. boosted its holdings in 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 buying an additional 161 shares during the last quarter. Zions Bancorporation National Association UT acquired a new stake in shares of Constellation Brands in the 1st quarter valued at approximately $38,000. Flaharty Asset Management LLC bought a new position in Constellation Brands during the 1st quarter worth approximately $39,000. WPG Advisers LLC bought a new position in Constellation Brands during the 1st quarter worth approximately $43,000. Finally, Hoey Investments Inc. acquired a new position in Constellation Brands during the second quarter valued at approximately $40,000. 77.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

STZ has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft cut their target price on shares of Constellation Brands from $182.00 to $158.00 and set a "hold" rating on the stock in a report on Wednesday, September 3rd. Morgan Stanley dropped their price objective on Constellation Brands from $176.00 to $160.00 and set an "equal weight" rating on the stock in a research note on Tuesday, October 7th. BNP Paribas cut Constellation Brands from a "hold" rating to a "strong sell" rating in a research note on Wednesday, September 3rd. TD Cowen dropped their price target on Constellation Brands from $180.00 to $152.00 and set a "hold" rating on the stock in a research report on Thursday, September 4th. Finally, Raymond James Financial upgraded Constellation Brands to a "strong-buy" rating in a report on Monday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have given a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $186.44.

Insiders Place Their Bets

In other Constellation Brands news, EVP James O. Bourdeau sold 821 shares of the business's stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $169.00, for a total transaction of $138,749.00. Following the transaction, the executive vice president 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 12.45% of the stock is currently owned by corporate insiders.

Constellation Brands Stock Down 1.1%

STZ stock opened at $141.42 on Friday. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.08 and a quick ratio of 0.68. The stock has a market capitalization 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. Constellation Brands Inc has a fifty-two week low of $131.20 and a fifty-two week high of $247.63. The business has a 50-day moving average of $150.78 and a 200-day moving average of $168.07.

Constellation Brands (NYSE:STZ - Get Free Report) last issued 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 company had revenue of $2.32 billion during the quarter. On average, sell-side analysts anticipate that Constellation Brands Inc will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Thursday, October 30th. This represents a $4.08 annualized dividend and a yield of 2.9%. Constellation Brands's dividend payout ratio is 59.56%.

Constellation Brands 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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