Creekmur Asset Management LLC Has $589,000 Stake in Constellation Brands Inc $STZ

Creekmur Asset Management LLC raised its position in shares of Constellation Brands Inc (NYSE:STZ) by 45.7% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 3,620 shares of the company’s stock after acquiring an additional 1,136 shares during the period. Creekmur Asset Management LLC’s holdings in Constellation Brands were worth $589,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Zions Bancorporation National Association UT acquired a new stake in shares of Constellation Brands during the first quarter worth approximately $38,000. Flaharty Asset Management LLC acquired a new stake in shares of Constellation Brands during the first quarter worth approximately $39,000. WPG Advisers LLC acquired a new stake in shares of Constellation Brands during the first quarter worth approximately $43,000. Hoey Investments Inc. acquired a new stake in shares of Constellation Brands during the second quarter worth approximately $40,000. Finally, Curio Wealth LLC grew its stake in shares of Constellation Brands by 29,900.0% during the second quarter. Curio Wealth LLC now owns 300 shares of the company’s stock valued at $49,000 after purchasing an additional 299 shares during the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on STZ. Raymond James Financial raised shares of Constellation Brands to a “strong-buy” rating in a research note on Monday, July 7th. Sanford C. Bernstein decreased their price target on shares of Constellation Brands from $225.00 to $195.00 and set an “outperform” rating on the stock in a research note on Thursday, September 4th. Zacks Research cut shares of Constellation Brands from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 9th. Roth Capital reissued a “buy” rating and set a $209.00 price target (down from $239.00) on shares of Constellation Brands in a research note on Wednesday, September 3rd. Finally, The Goldman Sachs Group decreased their price target on shares of Constellation Brands from $196.00 to $168.00 and set a “buy” rating on the stock in a research note on Thursday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $186.44.

Constellation Brands Price Performance

Shares of STZ stock opened at $128.89 on Friday. Constellation Brands Inc has a 52-week low of $128.80 and a 52-week high of $245.31. The stock has a market cap of $22.56 billion, a PE ratio of 18.82, a PEG ratio of 0.39 and a beta of 0.66. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.54 and a current ratio of 1.08. The firm’s 50 day moving average price is $142.21 and its two-hundred day moving average price is $163.98.

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

Constellation Brands Announces Dividend

The firm also recently disclosed 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 of this dividend is Thursday, October 30th. This represents a $4.08 dividend on an annualized basis and a yield of 3.2%. Constellation Brands’s dividend payout ratio (DPR) is presently 59.56%.

Constellation Brands 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.