Scotia Capital Inc. Lowers Position in Constellation Brands Inc $STZ

Scotia Capital Inc. decreased its holdings in shares of Constellation Brands Inc (NYSE:STZ - Free Report) by 91.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,466 shares of the company's stock after selling 16,169 shares during the period. Scotia Capital Inc.'s holdings in Constellation Brands were worth $238,000 as of its most recent SEC filing.

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A number of other institutional investors have also added to or reduced their stakes in STZ. Vanguard Group Inc. boosted its position in shares of Constellation Brands by 18.6% during the 1st quarter. Vanguard Group Inc. now owns 18,417,604 shares of the company's stock valued at $3,379,999,000 after acquiring an additional 2,882,817 shares during the last quarter. Wellington Management Group LLP raised its stake in Constellation Brands by 127.9% in the first quarter. Wellington Management Group LLP now owns 4,480,788 shares of the company's stock valued at $822,314,000 after purchasing an additional 2,514,517 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC lifted its position in Constellation Brands by 39.6% during the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 3,675,855 shares of the company's stock valued at $597,988,000 after purchasing an additional 1,042,904 shares during the last quarter. Geode Capital Management LLC lifted its position in Constellation Brands by 13.6% during the second quarter. Geode Capital Management LLC now owns 3,737,860 shares of the company's stock valued at $605,293,000 after purchasing an additional 448,259 shares during the last quarter. Finally, Nuveen LLC purchased a new position in Constellation Brands in the 1st quarter worth approximately $63,377,000. 77.34% of the stock is currently owned by institutional investors.

Constellation Brands Stock Up 0.1%

STZ opened at $138.00 on Thursday. Constellation Brands Inc has a 12 month low of $126.45 and a 12 month high of $245.31. The company has a current ratio of 1.08, a quick ratio of 0.54 and a debt-to-equity ratio of 1.26. The business's 50-day moving average price is $135.34 and its 200-day moving average price is $154.47. The company has a market cap of $24.16 billion, a P/E ratio of 20.15, a P/E/G ratio of 0.41 and a beta of 0.46.

• Constellation Brands: Buffett’s $2.2B Bet May Have Hit Bottom

Constellation Brands (NYSE:STZ - Get Free Report) last issued its 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. On average, equities analysts expect that Constellation Brands Inc will post 13.5 EPS for the current year.

Constellation Brands Announces Dividend

The company 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. The ex-dividend date was Thursday, October 30th. This represents a $4.08 annualized dividend and a dividend yield of 3.0%. Constellation Brands's dividend payout ratio (DPR) is currently 59.56%.

Analyst Ratings Changes

• Constellation Lowers Outlook: Time to Panic on Buffett's Big Bet?

Several research firms have recently weighed in on STZ. Needham & Company LLC restated a "buy" rating and set a $180.00 price objective on shares of Constellation Brands in a research report on Wednesday, October 8th. Wells Fargo & Company reduced their target price on Constellation Brands from $170.00 to $155.00 and set an "overweight" rating on the stock in a research note on Thursday, September 25th. Jefferies Financial Group dropped their price target on Constellation Brands from $205.00 to $179.00 and set a "buy" rating for the company in a research note on Wednesday, September 3rd. Sanford C. Bernstein reduced their price objective on Constellation Brands from $225.00 to $195.00 and set an "outperform" rating on the stock in a research report on Thursday, September 4th. Finally, TD Cowen decreased their price objective on Constellation Brands from $180.00 to $152.00 and set a "hold" rating on the stock in a report on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have assigned a Hold rating and four have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $181.88.

Get Our Latest Analysis on STZ

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.

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