Today: GRATRY & Co LLC Reduces Stake in Constellation Brands Inc. (STZ)

Today: GRATRY & Co LLC Reduces Stake in Constellation Brands Inc. (STZ)

GRATRY & Co LLC decreased its position in Constellation Brands Inc. (NYSE:STZ) by 0.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,900 shares of the company’s stock after selling 15 shares during the period. GRATRY & Co LLC’s holdings in Constellation Brands were worth $316,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of STZ. Quadrant Capital Group LLC raised its position in Constellation Brands by 2.1% in the second quarter. Quadrant Capital Group LLC now owns 678 shares of the company’s stock valued at $103,000 after buying an additional 14 shares during the last quarter. PineBridge Investments L.P. raised its position in Constellation Brands by 331.3% in the second quarter. PineBridge Investments L.P. now owns 690 shares of the company’s stock valued at $115,000 after buying an additional 530 shares during the last quarter. Hanson McClain Inc. raised its position in Constellation Brands by 0.3% in the second quarter. Hanson McClain Inc. now owns 764 shares of the company’s stock valued at $126,000 after buying an additional 2 shares during the last quarter. Brick & Kyle Associates raised its position in Constellation Brands by 1.9% in the third quarter. Brick & Kyle Associates now owns 815 shares of the company’s stock valued at $136,000 after buying an additional 15 shares during the last quarter. Finally, Duncker Streett & Co. Inc. raised its position in Constellation Brands by 179.0% in the third quarter. Duncker Streett & Co. Inc. now owns 837 shares of the company’s stock valued at $139,000 after buying an additional 537 shares during the last quarter. Institutional investors own 73.53% of the company’s stock.

Constellation Brands Inc. (NYSE:STZ) opened at 156.42 on Monday. Constellation Brands Inc. has a 52-week low of $130.23 and a 52-week high of $173.55. The company has a market capitalization of $31.45 billion, a P/E ratio of 26.91 and a beta of 0.59. The stock’s 50 day moving average is $162.41 and its 200-day moving average is $162.09.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings results on Wednesday, October 5th. The company reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.12. Constellation Brands had a net margin of 15.64% and a return on equity of 17.69%. The company earned $2.02 billion during the quarter. During the same period last year, the business earned $1.56 earnings per share. The company’s revenue was up 16.6% on a year-over-year basis. Analysts predict that Constellation Brands Inc. will post $6.45 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 22nd. Shareholders of record on Tuesday, November 8th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, November 4th. This represents a $1.60 annualized dividend and a yield of 1.02%. Constellation Brands’s dividend payout ratio (DPR) is presently 27.49%.

Several research firms recently issued reports on STZ. Zacks Investment Research upgraded shares of Constellation Brands from a “hold” rating to a “buy” rating and set a $173.00 target price on the stock in a report on Friday. RBC Capital Markets restated a “buy” rating and issued a $183.00 target price on shares of Constellation Brands in a report on Wednesday, November 16th. Bank of America Corp. lowered shares of Constellation Brands from a “buy” rating to an “underperform” rating and dropped their target price for the company from $195.00 to $150.00 in a report on Wednesday, November 9th. Citigroup Inc. restated a “neutral” rating and issued a $191.00 target price (up previously from $180.00) on shares of Constellation Brands in a report on Sunday, October 9th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $194.00 price objective (up previously from $191.00) on shares of Constellation Brands in a report on Saturday, October 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $178.30.

Constellation Brands Company Profile

Constellation Brands, Inc is an international beverage alcohol company. The Company is a producer and marketer of beer and wine the United States and Canada. Its segments include Beer, Wine and Spirits, and Corporate Operations and Other. It is a multi-category supplier (beer, wine and spirits) of beverage alcohol in the United States.

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