Vanguard Personalized Indexing Management LLC Buys 2,286 Shares of Constellation Brands Inc $STZ

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Constellation Brands by 18.4%, acquiring an additional 2,286 shares, bringing its total holdings to 14,680 shares valued at approximately $2,388,000.
• Multiple analysts have downgraded their price targets for Constellation Brands, with BMO Capital Markets reducing it from $215.00 to $190.00, while UBS set a target of $160.00.
• Constellation Brands is set to pay a quarterly dividend of $1.02 on November 13th, reflecting an annual yield of 2.9% and a payout ratio of 59.56%.

Vanguard Personalized Indexing Management LLC grew its position in shares of Constellation Brands Inc (NYSE:STZ - Free Report) by 18.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,680 shares of the company's stock after buying an additional 2,286 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Constellation Brands were worth $2,388,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of STZ. Arlington Partners LLC purchased a new stake in Constellation Brands during the second quarter valued at $2,333,000. Assenagon Asset Management S.A. grew its stake in shares of Constellation Brands by 969.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 83,656 shares of the company's stock valued at $13,609,000 after purchasing an additional 75,834 shares during the period. Wesbanco Bank Inc. grew its stake in shares of Constellation Brands by 10.7% during the 2nd quarter. Wesbanco Bank Inc. now owns 43,329 shares of the company's stock valued at $7,049,000 after purchasing an additional 4,204 shares during the period. Glenview Trust co increased its position in shares of Constellation Brands by 6.8% during the 1st quarter. Glenview Trust co now owns 69,427 shares of the company's stock valued at $12,741,000 after purchasing an additional 4,421 shares during the last quarter. Finally, Confluence Investment Management LLC lifted its stake in shares of Constellation Brands by 1.5% in the 2nd quarter. Confluence Investment Management LLC now owns 143,508 shares of the company's stock worth $23,346,000 after purchasing an additional 2,135 shares during the period. 77.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. BMO Capital Markets cut their target price on shares of Constellation Brands from $215.00 to $190.00 and set an "outperform" rating for the company in a research report on Thursday, September 4th. Weiss Ratings reiterated a "sell (d)" rating on shares of Constellation Brands in a research note on Wednesday, October 8th. Needham & Company LLC restated a "buy" rating and issued a $180.00 price objective on shares of Constellation Brands in a research note on Wednesday, October 8th. Roth Capital reaffirmed 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. Finally, UBS Group set a $160.00 target price on Constellation Brands in a research report on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have issued a Hold rating and five have assigned a Sell rating to the company's stock. According to MarketBeat.com, Constellation Brands presently has an average rating of "Hold" and an average price target of $186.44.

Constellation Brands Stock Performance

NYSE:STZ opened at $139.01 on Thursday. The stock has a 50-day moving average price of $149.01 and a 200 day moving average price of $167.29. The stock has a market capitalization of $24.51 billion, a P/E ratio of 20.29, a P/E/G ratio of 0.42 and a beta of 0.66. Constellation Brands Inc has a 12-month low of $131.20 and a 12-month high of $245.31. 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 results on Thursday, February 23rd. The company reported $3.12 earnings per share for the quarter. The business 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%. Equities research analysts forecast that Constellation Brands Inc will post 13.5 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

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

Insider Activity at Constellation Brands

In other news, EVP James O. Bourdeau sold 821 shares of the firm's 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 transaction, the executive vice president owned 9,438 shares in the company, valued at $1,595,022. This trade represents a 8.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 12.45% of the stock is owned by company insiders.

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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