River Road Asset Management LLC Buys 39,830 Shares of Constellation Brands Inc $STZ

River Road Asset Management LLC lifted its stake in shares of Constellation Brands Inc (NYSE:STZ - Free Report) by 213.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 58,453 shares of the company's stock after acquiring an additional 39,830 shares during the quarter. River Road Asset Management LLC's holdings in Constellation Brands were worth $9,764,000 at the end of the most recent reporting period.

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A number of other large investors have also recently modified their holdings of the company. Stablepoint Partners LLC raised its position in Constellation Brands by 1.3% during the 2nd quarter. Stablepoint Partners LLC now owns 7,438 shares of the company's stock valued at $1,210,000 after purchasing an additional 97 shares in the last quarter. Schroder Investment Management Group purchased a new position in shares of Constellation Brands during the second quarter valued at $894,000. Ceredex Value Advisors LLC bought a new stake in shares of Constellation Brands in the second quarter valued at about $20,612,000. Norges Bank purchased a new stake in Constellation Brands in the second quarter worth about $239,737,000. Finally, Level Four Advisory Services LLC grew its holdings in Constellation Brands by 15.5% during the 2nd quarter. Level Four Advisory Services LLC now owns 18,653 shares of the company's stock worth $3,035,000 after acquiring an additional 2,504 shares in the last quarter. Hedge funds and other institutional investors own 77.34% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Needham & Company LLC restated a "buy" rating and issued a $180.00 price target on shares of Constellation Brands in a report on Wednesday, October 8th. Citigroup reduced their price objective on shares of Constellation Brands from $155.00 to $145.00 and set a "neutral" rating for the company in a research note on Tuesday, September 23rd. BMO Capital Markets lowered their target price on Constellation Brands from $215.00 to $190.00 and set an "outperform" rating for the company in a report on Thursday, September 4th. TD Cowen dropped their target price on Constellation Brands from $180.00 to $152.00 and set a "hold" rating on the stock in a research report on Thursday, September 4th. Finally, UBS Group set a $160.00 price target on Constellation Brands in a research report on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $181.88.

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Get Our Latest Stock Analysis on Constellation Brands

Constellation Brands Trading Up 1.1%

Shares of NYSE:STZ opened at $137.95 on Tuesday. The business's 50-day moving average is $135.13 and its 200 day moving average is $154.99. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.08 and a quick ratio of 0.54. Constellation Brands Inc has a 1 year low of $126.45 and a 1 year high of $245.31. The firm has a market capitalization of $24.15 billion, a P/E ratio of 20.14, a P/E/G ratio of 0.39 and a beta of 1.75.

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Constellation Brands (NYSE:STZ - Get Free Report) last issued its quarterly earnings results on Thursday, February 23rd. The company reported $3.12 earnings per share for the quarter. The business had revenue of $2.32 billion for the quarter. Constellation Brands had a return on equity of 29.82% and a net margin of 11.88%. On average, research analysts predict that Constellation Brands Inc will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 13th. Shareholders of record on Thursday, October 30th were issued a $1.02 dividend. The ex-dividend date of this dividend was Thursday, October 30th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.0%. Constellation Brands's dividend payout ratio (DPR) is currently 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.

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