American Financial Network Advisory Services LLC raised its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 2,127.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 4,566 shares of the company’s stock after purchasing an additional 4,361 shares during the quarter. American Financial Network Advisory Services LLC’s holdings in Constellation Brands were worth $985,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Toth Financial Advisory Corp lifted its position in shares of Constellation Brands by 1,469.8% in the 2nd quarter. Toth Financial Advisory Corp now owns 675 shares of the company’s stock worth $148,000 after purchasing an additional 632 shares during the period. Arrow Financial Corp lifted its position in shares of Constellation Brands by 4.0% in the 2nd quarter. Arrow Financial Corp now owns 8,946 shares of the company’s stock worth $1,958,000 after purchasing an additional 341 shares during the period. HRT Financial LLC lifted its position in shares of Constellation Brands by 71.3% in the 2nd quarter. HRT Financial LLC now owns 22,518 shares of the company’s stock worth $4,928,000 after purchasing an additional 9,374 shares during the period. FMR LLC lifted its position in shares of Constellation Brands by 6.0% in the 2nd quarter. FMR LLC now owns 5,969,243 shares of the company’s stock worth $1,306,489,000 after purchasing an additional 337,338 shares during the period. Finally, Cozad Asset Management Inc. purchased a new stake in shares of Constellation Brands in the 2nd quarter worth about $5,809,000. 73.53% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently commented on STZ shares. Jefferies Financial Group reaffirmed a “buy” rating and issued a $289.00 target price on shares of Constellation Brands in a research report on Wednesday. Morgan Stanley set a $259.00 target price on shares of Constellation Brands and gave the stock a “buy” rating in a research report on Tuesday. UBS Group cut shares of Constellation Brands to a “neutral” rating in a research report on Monday, August 20th. Pivotal Research reaffirmed a “buy” rating and issued a $300.00 target price (up from $265.00) on shares of Constellation Brands in a research report on Friday, October 5th. Finally, Cann dropped their target price on shares of Constellation Brands from $234.00 to $226.00 and set a “buy” rating for the company in a research report on Thursday, August 16th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $246.96.

Shares of Constellation Brands stock traded down $1.92 during trading on Friday, hitting $223.17. The company’s stock had a trading volume of 63,877 shares, compared to its average volume of 2,281,643. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.66 and a quick ratio of 0.76. The firm has a market cap of $43.05 billion, a price-to-earnings ratio of 25.65, a PEG ratio of 2.20 and a beta of 0.01. Constellation Brands, Inc. has a 52 week low of $198.85 and a 52 week high of $236.62.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings results on Thursday, October 4th. The company reported $2.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.60 by $0.27. The company had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.25 billion. Constellation Brands had a net margin of 38.18% and a return on equity of 18.63%. Constellation Brands’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period last year, the business earned $2.47 EPS. On average, equities analysts anticipate that Constellation Brands, Inc. will post 9.42 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 20th. Investors of record on Tuesday, November 6th will be paid a $0.74 dividend. The ex-dividend date of this dividend is Monday, November 5th. This represents a $2.96 annualized dividend and a dividend yield of 1.33%. Constellation Brands’s payout ratio is 33.94%.

Constellation Brands Profile

Constellation Brands, Inc, together with its subsidiaries, produces, imports, and markets beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company sells wine across various categories, including table wine, sparkling wine, and dessert wine. It provides beer primarily under the Corona Extra, Corona Light, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands, as well as Funky Buddha, Obregon Brewery, and Ballast Point brands.

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Institutional Ownership by Quarter for Constellation Brands (NYSE:STZ)

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