Constellation Brands Inc $STZ Shares Sold by Moors & Cabot Inc.

Moors & Cabot Inc. cut its holdings in Constellation Brands Inc (NYSE:STZ) by 39.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,512 shares of the company’s stock after selling 4,166 shares during the quarter. Moors & Cabot Inc.’s holdings in Constellation Brands were worth $1,059,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Arlington Partners LLC acquired a new stake in Constellation Brands during the 2nd quarter worth about $2,333,000. AlphaQuest LLC lifted its holdings in shares of Constellation Brands by 350.7% during the second quarter. AlphaQuest LLC now owns 5,178 shares of the company’s stock worth $842,000 after purchasing an additional 4,029 shares during the period. Assenagon Asset Management S.A. boosted its position in Constellation Brands by 969.5% in the second quarter. Assenagon Asset Management S.A. now owns 83,656 shares of the company’s stock valued at $13,609,000 after buying an additional 75,834 shares during the last quarter. Wesbanco Bank Inc. increased its holdings in Constellation Brands by 10.7% in the 2nd quarter. Wesbanco Bank Inc. now owns 43,329 shares of the company’s stock worth $7,049,000 after buying an additional 4,204 shares during the period. Finally, Heritage Investors Management Corp raised its position in Constellation Brands by 6.2% during the 2nd quarter. Heritage Investors Management Corp now owns 146,827 shares of the company’s stock worth $23,886,000 after buying an additional 8,613 shares during the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.

Constellation Brands Price Performance

NYSE:STZ opened at $128.09 on Friday. 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 52 week low of $127.00 and a 52 week high of $245.31. The stock’s 50-day moving average price is $139.02 and its 200-day moving average price is $162.05. The stock has a market capitalization of $22.42 billion, a PE ratio of 18.70, a price-to-earnings-growth ratio of 0.39 and a beta of 1.75.

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 company had revenue of $2.32 billion during the quarter. As a group, equities analysts expect that Constellation Brands Inc will post 13.5 EPS 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 paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Thursday, October 30th. Constellation Brands’s payout ratio is 59.56%.

Analyst Ratings Changes

Several analysts have commented on the stock. BMO Capital Markets decreased their price objective on shares of Constellation Brands from $215.00 to $190.00 and set an “outperform” rating for the company in a research note on Thursday, September 4th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Constellation Brands from $182.00 to $158.00 and set a “hold” rating for the company in a research report on Wednesday, September 3rd. JPMorgan Chase & Co. cut their price target on Constellation Brands from $173.00 to $153.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 8th. Sanford C. Bernstein reduced their price objective on Constellation Brands from $225.00 to $195.00 and set an “outperform” rating for the company in a research note on Thursday, September 4th. Finally, Roth Capital restated a “buy” rating and issued a $209.00 target price (down previously from $239.00) on shares of Constellation Brands in a research note on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $186.44.

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.