Constellation Brands Inc $STZ Shares Sold by Aurdan Capital Management LLC

Aurdan Capital Management LLC lowered its position in Constellation Brands Inc (NYSE:STZ) by 11.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,830 shares of the company’s stock after selling 598 shares during the quarter. Aurdan Capital Management LLC’s holdings in Constellation Brands were worth $786,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Zions Bancorporation National Association UT acquired a new position in shares of Constellation Brands in the 1st quarter valued at about $38,000. Flaharty Asset Management LLC acquired a new stake in Constellation Brands during the 1st quarter worth approximately $39,000. Hoey Investments Inc. purchased a new position in Constellation Brands in the second quarter valued at approximately $40,000. WPG Advisers LLC acquired a new position in Constellation Brands during the first quarter valued at approximately $43,000. Finally, Curio Wealth LLC lifted its position in 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 buying an additional 299 shares in the last quarter. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Constellation Brands Stock Performance

NYSE:STZ opened at $131.40 on Friday. The firm has a 50-day moving average of $141.49 and a two-hundred day moving average of $163.45. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.08 and a quick ratio of 0.54. The stock has a market cap of $23.00 billion, a P/E ratio of 19.18, a PEG ratio of 0.39 and a beta of 1.75. Constellation Brands Inc has a 1-year low of $127.00 and a 1-year high of $245.31.

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

Constellation Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 13th. Shareholders of record on Thursday, October 30th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Thursday, October 30th. Constellation Brands’s dividend payout ratio is presently 59.56%.

Analyst Ratings Changes

STZ has been the topic of a number of research reports. TD Cowen cut their target price on shares of Constellation Brands from $180.00 to $152.00 and set a “hold” rating on the stock in a research note on Thursday, September 4th. Sanford C. Bernstein lowered their price target on Constellation Brands from $225.00 to $195.00 and set an “outperform” rating for the company in a report on Thursday, September 4th. Citigroup reduced their price objective on Constellation Brands from $155.00 to $145.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 23rd. Deutsche Bank Aktiengesellschaft decreased their target price on Constellation Brands from $182.00 to $158.00 and set a “hold” rating for the company in a research report on Wednesday, September 3rd. Finally, Zacks Research lowered Constellation Brands from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 9th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, Constellation Brands currently has an average rating of “Hold” and an average target price of $186.44.

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.