Yousif Capital Management LLC Sells 344 Shares of Constellation Brands Inc $STZ

Yousif Capital Management LLC trimmed its position in shares of Constellation Brands Inc (NYSE:STZ) by 2.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,468 shares of the company’s stock after selling 344 shares during the period. Yousif Capital Management LLC’s holdings in Constellation Brands were worth $2,679,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of STZ. Brighton Jones LLC grew its holdings in Constellation Brands by 23.0% during the fourth quarter. Brighton Jones LLC now owns 1,001 shares of the company’s stock valued at $221,000 after purchasing an additional 187 shares during the period. Insigneo Advisory Services LLC bought a new position in shares of Constellation Brands in the first quarter worth $203,000. Clarius Group LLC bought a new position in shares of Constellation Brands in the first quarter worth $239,000. Kingswood Wealth Advisors LLC boosted its holdings in shares of Constellation Brands by 141.6% in the first quarter. Kingswood Wealth Advisors LLC now owns 5,974 shares of the company’s stock worth $1,102,000 after acquiring an additional 3,501 shares during the period. Finally, State of Alaska Department of Revenue boosted its holdings in shares of Constellation Brands by 2.3% in the first quarter. State of Alaska Department of Revenue now owns 18,211 shares of the company’s stock worth $3,342,000 after acquiring an additional 410 shares during the period. 77.34% of the stock is owned by institutional investors.

Constellation Brands Price Performance

Shares of NYSE STZ opened at $140.41 on Friday. The company has a 50 day moving average of $147.73 and a 200 day moving average of $166.67. The firm has a market cap of $24.75 billion, a P/E ratio of 20.50, a PEG ratio of 0.42 and a beta of 1.75. The company has a quick ratio of 0.54, a current ratio of 1.08 and a debt-to-equity ratio of 1.26. Constellation Brands Inc has a twelve month low of $131.20 and a twelve month high of $245.31.

Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Thursday, February 23rd. The company reported $3.12 earnings per share for the quarter. Constellation Brands had a return on equity of 29.82% and a net margin of 11.88%.The firm had revenue of $2.32 billion for the quarter. As a group, research analysts expect that Constellation Brands Inc will post 13.5 EPS 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. 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%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $180.00 price target on shares of Constellation Brands in a report on Wednesday, October 8th. Sanford C. Bernstein lowered their price target on Constellation Brands from $225.00 to $195.00 and set an “outperform” rating on the stock in a research report on Thursday, September 4th. Barclays lowered their price target on Constellation Brands from $150.00 to $147.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 9th. Cowen reaffirmed a “hold” rating on shares of Constellation Brands in a research note on Monday, July 7th. Finally, Morgan Stanley reduced 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. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have assigned a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, Constellation Brands currently has a consensus rating of “Hold” and a consensus price target of $186.44.

Insider Buying and Selling

In other news, EVP James O. Bourdeau sold 821 shares of the company’s stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $169.00, for a total transaction 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. This represents a 8.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.45% of the stock is currently owned by 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.