Constellation Brands, Inc. (NYSE:STZ) Holdings Trimmed by Quantitative Systematic Strategies LLC

Quantitative Systematic Strategies LLC trimmed its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 67.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 3,566 shares of the company’s stock after selling 7,249 shares during the quarter. Quantitative Systematic Strategies LLC’s holdings in Constellation Brands were worth $834,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of STZ. Center for Financial Planning Inc. grew its position in Constellation Brands by 285.7% during the 2nd quarter. Center for Financial Planning Inc. now owns 135 shares of the company’s stock worth $32,000 after purchasing an additional 100 shares in the last quarter. Alpha Paradigm Partners LLC purchased a new position in Constellation Brands during the 1st quarter worth approximately $35,000. Bedel Financial Consulting Inc. grew its position in Constellation Brands by 172.4% during the 2nd quarter. Bedel Financial Consulting Inc. now owns 158 shares of the company’s stock worth $37,000 after purchasing an additional 100 shares in the last quarter. Kelly Lawrence W & Associates Inc. CA purchased a new position in Constellation Brands during the 1st quarter worth approximately $39,000. Finally, Hudock Inc. grew its position in Constellation Brands by 187.6% during the 2nd quarter. Hudock Inc. now owns 256 shares of the company’s stock worth $59,000 after purchasing an additional 167 shares in the last quarter. Hedge funds and other institutional investors own 70.41% of the company’s stock.

A number of equities research analysts have issued reports on the stock. Sanford C. Bernstein assumed coverage on shares of Constellation Brands in a research note on Monday, May 24th. They set an “outperform” rating and a $305.00 target price for the company. BMO Capital Markets lifted their target price on shares of Constellation Brands from $223.00 to $242.00 and gave the company a “hold” rating in a research note on Thursday, July 1st. Credit Suisse Group lifted their target price on shares of Constellation Brands from $260.00 to $275.00 and gave the company an “outperform” rating in a research note on Thursday, July 1st. TheStreet lowered shares of Constellation Brands from a “b-” rating to a “c+” rating in a research note on Tuesday, July 13th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Constellation Brands from $223.00 to $242.00 and gave the company a “hold” rating in a research note on Thursday, July 1st. Nine research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Constellation Brands presently has an average rating of “Buy” and an average price target of $248.91.

NYSE:STZ opened at $210.13 on Tuesday. The firm has a market cap of $40.36 billion, a PE ratio of 32.94, a price-to-earnings-growth ratio of 3.52 and a beta of 1.19. Constellation Brands, Inc. has a 12 month low of $160.63 and a 12 month high of $244.75. The company has a quick ratio of 0.94, a current ratio of 1.61 and a debt-to-equity ratio of 0.79. The company’s 50-day moving average price is $217.76 and its two-hundred day moving average price is $227.78.

Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Tuesday, June 29th. The company reported $2.33 EPS for the quarter, missing the Zacks’ consensus estimate of $2.35 by ($0.02). The firm had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2.02 billion. Constellation Brands had a net margin of 13.47% and a return on equity of 14.99%. Constellation Brands’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.30 earnings per share. On average, research analysts expect that Constellation Brands, Inc. will post 10.04 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 24th. Shareholders of record on Tuesday, August 10th were given a $0.76 dividend. The ex-dividend date was Monday, August 9th. This represents a $3.04 dividend on an annualized basis and a yield of 1.45%. Constellation Brands’s dividend payout ratio (DPR) is presently 9.33%.

Constellation Brands Profile

Constellation Brands, Inc engages in the production, marketing, and distribution of beer, wine, and spirits. It operates through the following segments: Beer, Wine and Spirits, and Corporate Operations and Other, and Canopy. The Beer segment includes imported and craft beer brands. The Wine and Spirits segment sells wine brands across all categories-table wine, sparkling wine, and dessert wine-and across all price points.

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Institutional Ownership by Quarter for Constellation Brands (NYSE:STZ)

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