5,562 Shares in Constellation Brands Inc $STZ Purchased by Keeler Thomas Management LLC

Keeler Thomas Management LLC purchased a new position in shares of Constellation Brands Inc (NYSE:STZ) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 5,562 shares of the company’s stock, valued at approximately $905,000.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Constellation Brands by 18.6% in the 1st quarter. Vanguard Group Inc. now owns 18,417,604 shares of the company’s stock valued at $3,379,999,000 after buying an additional 2,882,817 shares during the period. Wellington Management Group LLP increased its holdings in Constellation Brands by 127.9% in the 1st quarter. Wellington Management Group LLP now owns 4,480,788 shares of the company’s stock valued at $822,314,000 after buying an additional 2,514,517 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Constellation Brands by 7.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,922,122 shares of the company’s stock valued at $352,748,000 after buying an additional 139,158 shares during the period. Dimensional Fund Advisors LP increased its holdings in Constellation Brands by 4.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,693,827 shares of the company’s stock valued at $310,851,000 after buying an additional 76,186 shares during the period. Finally, Northern Trust Corp increased its holdings in Constellation Brands by 1.2% in the 1st quarter. Northern Trust Corp now owns 1,534,357 shares of the company’s stock valued at $281,585,000 after buying an additional 17,832 shares during the period. 77.34% of the stock is owned by institutional investors.

Constellation Brands Trading Down 0.0%

Shares of STZ opened at $139.65 on Friday. The firm’s 50 day simple moving average is $144.83 and its 200 day simple moving average is $165.44. The company has a market capitalization of $24.44 billion, a P/E ratio of 20.39, a P/E/G ratio of 0.42 and a beta of 0.66. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.08 and a quick ratio of 0.54. Constellation Brands Inc has a 1-year low of $131.20 and a 1-year high of $245.31.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings results on Thursday, February 23rd. The company reported $3.12 EPS for the quarter. Constellation Brands had a net margin of 11.88% and a return on equity of 29.82%. The business had revenue of $2.32 billion for the quarter. Sell-side analysts forecast that Constellation Brands Inc will post 13.5 earnings per share 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. Investors of record on Thursday, October 30th will be issued 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 59.56%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on STZ shares. Barclays cut their target price on shares of 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. Zacks Research lowered shares of Constellation Brands from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 9th. Bank of America lowered their price target on shares of Constellation Brands from $150.00 to $142.00 and set an “underperform” rating for the company in a report on Wednesday, September 3rd. Sanford C. Bernstein lowered their price target on shares of Constellation Brands from $225.00 to $195.00 and set an “outperform” rating for the company in a report on Thursday, September 4th. Finally, Roth Capital restated a “buy” rating and set a $209.00 price target (down previously from $239.00) on shares of Constellation Brands in a report on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have issued a Hold rating and four 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 Company 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.