WINTON GROUP Ltd Acquires 6,545 Shares of Constellation Brands Inc $STZ

WINTON GROUP Ltd raised its holdings in shares of Constellation Brands Inc (NYSE:STZ) by 273.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,941 shares of the company’s stock after purchasing an additional 6,545 shares during the period. WINTON GROUP Ltd’s holdings in Constellation Brands were worth $1,455,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. AlphaQuest LLC boosted its stake in Constellation Brands by 350.7% in the 2nd quarter. AlphaQuest LLC now owns 5,178 shares of the company’s stock worth $842,000 after purchasing an additional 4,029 shares in the last quarter. Arlington Partners LLC bought a new position in Constellation Brands during the second quarter valued at approximately $2,333,000. 49 Wealth Management LLC purchased a new stake in Constellation Brands in the second quarter worth approximately $373,000. Heritage Investors Management Corp grew its position in Constellation Brands by 6.2% in the 2nd quarter. Heritage Investors Management Corp now owns 146,827 shares of the company’s stock worth $23,886,000 after purchasing an additional 8,613 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in Constellation Brands by 969.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 83,656 shares of the company’s stock worth $13,609,000 after purchasing an additional 75,834 shares during the period. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Analyst Ratings Changes

STZ has been the topic of a number of research reports. Jefferies Financial Group dropped their price target on Constellation Brands from $205.00 to $179.00 and set a “buy” rating on the stock in a research note on Wednesday, September 3rd. BNP Paribas cut Constellation Brands from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 3rd. Barclays reduced their price target on shares of Constellation Brands from $150.00 to $147.00 and set an “equal weight” rating for the company in a research report on Thursday, October 9th. TD Cowen dropped their price objective on shares of Constellation Brands from $180.00 to $152.00 and set a “hold” rating on the stock in a report on Thursday, September 4th. Finally, Bank of America reduced their target price on shares of Constellation Brands from $150.00 to $142.00 and set an “underperform” rating for the company in a report on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $181.88.

Constellation Brands Price Performance

NYSE:STZ opened at $143.43 on Wednesday. The stock has a market cap of $25.11 billion, a PE ratio of 20.94, a P/E/G ratio of 0.43 and a beta of 0.46. The company has a quick ratio of 0.54, a current ratio of 1.08 and a debt-to-equity ratio of 1.26. The business’s 50-day simple moving average is $135.94 and its two-hundred day simple moving average is $152.94. Constellation Brands Inc has a 52 week low of $126.45 and a 52 week high of $245.31.

Constellation Brands (NYSE:STZ) last issued its earnings results on Thursday, February 23rd. The company reported $3.12 earnings per share (EPS) 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 for the quarter. As a group, analysts forecast that Constellation Brands Inc will post 13.5 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Stockholders of record on Thursday, October 30th were issued a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Thursday, October 30th. Constellation Brands’s payout ratio is 59.56%.

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.