Symmetry Partners LLC Has $437,000 Position in Constellation Brands, Inc. (NYSE:STZ)

Symmetry Partners LLC lessened its position in Constellation Brands, Inc. (NYSE:STZ) by 13.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,697 shares of the company’s stock after selling 257 shares during the period. Symmetry Partners LLC’s holdings in Constellation Brands were worth $437,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Constellation Brands during the second quarter worth about $29,000. YHB Investment Advisors Inc. acquired a new stake in Constellation Brands during the 1st quarter valued at $35,000. First Financial Corp IN acquired a new stake in Constellation Brands during the 1st quarter valued at $35,000. LRI Investments LLC bought a new stake in shares of Constellation Brands during the first quarter worth $37,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of Constellation Brands in the fourth quarter valued at $35,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on STZ shares. Royal Bank of Canada reissued an “outperform” rating and set a $308.00 price objective on shares of Constellation Brands in a report on Wednesday, July 31st. UBS Group raised their price target on shares of Constellation Brands from $315.00 to $320.00 and gave the company a “buy” rating in a report on Friday, July 5th. Argus raised Constellation Brands from a “hold” rating to a “buy” rating and set a $306.00 price objective on the stock in a report on Monday, April 15th. Roth Mkm lowered their target price on Constellation Brands from $305.00 to $303.00 and set a “buy” rating for the company in a research note on Friday, July 5th. Finally, HSBC upped their price target on Constellation Brands from $290.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, Constellation Brands has an average rating of “Moderate Buy” and an average price target of $300.28.

Constellation Brands Trading Up 0.6 %

Shares of NYSE STZ traded up $1.54 during midday trading on Friday, reaching $241.41. 890,649 shares of the stock were exchanged, compared to its average volume of 1,202,049. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.19 and a quick ratio of 0.53. Constellation Brands, Inc. has a 12 month low of $227.50 and a 12 month high of $274.87. The business has a 50-day simple moving average of $251.70 and a two-hundred day simple moving average of $254.18. The company has a market capitalization of $44.17 billion, a price-to-earnings ratio of 17.99, a P/E/G ratio of 1.62 and a beta of 1.75.

Constellation Brands (NYSE:STZ) last posted its earnings results on Wednesday, July 3rd. The company reported $3.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.46 by $0.11. The firm had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.67 billion. Constellation Brands had a return on equity of 23.72% and a net margin of 22.70%. The company’s revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the firm earned $2.91 earnings per share. As a group, equities research analysts expect that Constellation Brands, Inc. will post 13.57 EPS for the current year.

Constellation Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Wednesday, August 14th will be paid a $1.01 dividend. The ex-dividend date is Wednesday, August 14th. This represents a $4.04 dividend on an annualized basis and a yield of 1.67%. Constellation Brands’s dividend payout ratio is 30.10%.

Insider Transactions at Constellation Brands

In related news, EVP Kaneenat Kristann Carey sold 977 shares of the firm’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $261.00, for a total value of $254,997.00. Following the completion of the sale, the executive vice president now directly owns 2,706 shares in the company, valued at approximately $706,266. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Constellation Brands news, EVP Kaneenat Kristann Carey sold 977 shares of the firm’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $261.00, for a total transaction of $254,997.00. Following the completion of the sale, the executive vice president now owns 2,706 shares of the company’s stock, valued at approximately $706,266. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel J. Mccarthy sold 1,854 shares of the company’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $252.43, for a total transaction of $468,005.22. Following the completion of the transaction, the director now owns 3,232 shares in the company, valued at $815,853.76. The disclosure for this sale can be found here. 12.19% 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.