Rovin Capital UT ADV Has $429,000 Stake in Constellation Brands Inc $STZ

Rovin Capital UT ADV grew its stake in shares of Constellation Brands Inc (NYSE:STZ) by 25.5% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 2,640 shares of the company’s stock after acquiring an additional 537 shares during the quarter. Rovin Capital UT ADV’s holdings in Constellation Brands were worth $429,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Gilbert & Cook Inc. lifted its position in shares of Constellation Brands by 2.6% during the 2nd quarter. Gilbert & Cook Inc. now owns 2,385 shares of the company’s stock worth $388,000 after buying an additional 60 shares during the last quarter. V Square Quantitative Management LLC lifted its holdings in shares of Constellation Brands by 3.8% in the second quarter. V Square Quantitative Management LLC now owns 1,682 shares of the company’s stock worth $274,000 after acquiring an additional 62 shares during the last quarter. Oak Asset Management LLC boosted its stake in shares of Constellation Brands by 0.4% in the 2nd quarter. Oak Asset Management LLC now owns 18,281 shares of the company’s stock valued at $2,974,000 after purchasing an additional 70 shares in the last quarter. Geneos Wealth Management Inc. increased its position in Constellation Brands by 9.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 813 shares of the company’s stock worth $149,000 after purchasing an additional 73 shares in the last quarter. Finally, Baldwin Investment Management LLC lifted its stake in Constellation Brands by 1.0% in the 1st quarter. Baldwin Investment Management LLC now owns 7,802 shares of the company’s stock valued at $1,432,000 after purchasing an additional 75 shares during the last quarter. Institutional investors own 77.34% of the company’s stock.

Constellation Brands Price Performance

Shares of NYSE STZ opened at $128.09 on Friday. The stock has a market capitalization of $22.42 billion, a price-to-earnings ratio of 18.70, a price-to-earnings-growth ratio of 0.39 and a beta of 1.75. Constellation Brands Inc has a 52 week low of $127.00 and a 52 week high of $245.31. The firm has a 50-day simple moving average of $139.02 and a 200-day simple moving average of $162.05. 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 (NYSE:STZ) last released 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 firm had revenue of $2.32 billion for the quarter. On average, equities analysts predict that Constellation Brands Inc will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 13th. Stockholders of record on Thursday, October 30th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Thursday, October 30th. Constellation Brands’s dividend payout ratio (DPR) is 59.56%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Bank of America reduced their price target on Constellation Brands from $150.00 to $142.00 and set an “underperform” rating on the stock in a report on Wednesday, September 3rd. Roth Capital reissued a “buy” rating and set a $209.00 target price (down previously from $239.00) on shares of Constellation Brands in a research report on Wednesday, September 3rd. Weiss Ratings upgraded shares of Constellation Brands from a “sell (d)” rating to a “hold (c-)” rating in a research report on Friday, October 24th. UBS Group set a $160.00 price objective on shares of Constellation Brands in a report on Tuesday, October 7th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target 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. One investment 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 issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus 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.