M&T Bank Corp Has $3.87 Million Position in Constellation Brands Inc $STZ

M&T Bank Corp decreased its position in shares of Constellation Brands Inc (NYSE:STZ - Free Report) by 43.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,756 shares of the company's stock after selling 18,083 shares during the period. M&T Bank Corp's holdings in Constellation Brands were worth $3,865,000 as of its most recent filing with the Securities and Exchange Commission.

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A number of other hedge funds have also added to or reduced their stakes in the company. Zions Bancorporation National Association UT bought a new stake in Constellation Brands during the first quarter worth $38,000. Flaharty Asset Management LLC bought a new position in shares of Constellation Brands in the 1st quarter valued at $39,000. WPG Advisers LLC acquired a new position in shares of Constellation Brands during the 1st quarter worth $43,000. Hoey Investments Inc. acquired a new position in shares of Constellation Brands during the 2nd quarter worth $40,000. Finally, Curio Wealth LLC lifted its position in shares of Constellation Brands by 29,900.0% during the 2nd quarter. Curio Wealth LLC now owns 300 shares of the company's stock worth $49,000 after buying an additional 299 shares during the last quarter. 77.34% of the stock is owned by institutional investors.

Constellation Brands Trading Up 0.0%

STZ opened at $138.09 on Friday. 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 fifty-two week low of $126.45 and a fifty-two week high of $245.31. The company's 50 day moving average price is $135.45 and its two-hundred day moving average price is $154.35. The firm has a market capitalization of $24.17 billion, a price-to-earnings ratio of 20.16, a PEG ratio of 0.41 and a beta of 0.46.

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

Constellation Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 13th. Shareholders of record on Thursday, October 30th were issued a dividend of $1.02 per share. The ex-dividend date was Thursday, October 30th. This represents a $4.08 annualized dividend and a yield of 3.0%. Constellation Brands's dividend payout ratio (DPR) is presently 59.56%.

Wall Street Analysts Forecast Growth

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A number of research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft decreased their target price on Constellation Brands from $182.00 to $158.00 and set a "hold" rating on the stock in a research report on Wednesday, September 3rd. JPMorgan Chase & Co. began coverage on shares of Constellation Brands in a research note on Friday, November 7th. They issued a "neutral" rating and a $153.00 price target on the stock. Barclays lowered their price objective 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. BMO Capital Markets dropped their price objective on shares of Constellation Brands from $215.00 to $190.00 and set an "outperform" rating for the company in a research note on Thursday, September 4th. Finally, TD Cowen decreased their target price on shares of Constellation Brands from $180.00 to $152.00 and set a "hold" rating on the stock in a research note on Thursday, September 4th. One equities research 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 stock. Based on data from MarketBeat, Constellation Brands has an average rating of "Hold" and a consensus price target of $181.88.

View Our Latest Stock Report on Constellation Brands

Constellation Brands Profile

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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