Toronto Dominion Bank lifted its position in Constellation Brands, Inc. Class A (NYSE:STZ) by 17.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 108,343 shares of the company’s stock after purchasing an additional 15,899 shares during the period. Toronto Dominion Bank owned about 0.06% of Constellation Brands, Inc. Class A worth $23,707,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in STZ. Jennison Associates LLC increased its stake in shares of Constellation Brands, Inc. Class A by 344.8% in the second quarter. Jennison Associates LLC now owns 2,101,846 shares of the company’s stock worth $460,031,000 after purchasing an additional 1,629,361 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Constellation Brands, Inc. Class A by 18.5% during the first quarter. Wells Fargo & Company MN now owns 1,841,385 shares of the company’s stock worth $419,689,000 after acquiring an additional 287,676 shares during the last quarter. Unigestion Holding SA bought a new position in shares of Constellation Brands, Inc. Class A during the second quarter worth $54,667,000. Summit Trail Advisors LLC boosted its position in shares of Constellation Brands, Inc. Class A by 27,607.0% during the first quarter. Summit Trail Advisors LLC now owns 205,863 shares of the company’s stock worth $206,000 after acquiring an additional 205,120 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. bought a new position in shares of Constellation Brands, Inc. Class A during the first quarter worth $44,661,000. 73.66% of the stock is owned by hedge funds and other institutional investors.

STZ stock opened at $202.48 on Friday. Constellation Brands, Inc. Class A has a 52 week low of $195.89 and a 52 week high of $236.62. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.81 and a quick ratio of 0.77. The firm has a market cap of $40.78 billion, a price-to-earnings ratio of 23.22, a price-to-earnings-growth ratio of 1.93 and a beta of 0.03.

Constellation Brands, Inc. Class A (NYSE:STZ) last released its quarterly earnings data on Friday, June 29th. The company reported $2.20 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.42 by ($0.22). Constellation Brands, Inc. Class A had a net margin of 31.51% and a return on equity of 19.81%. The business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter last year, the business earned $2.34 EPS. Constellation Brands, Inc. Class A’s revenue for the quarter was up 6.1% compared to the same quarter last year. research analysts anticipate that Constellation Brands, Inc. Class A will post 9.57 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 24th. Shareholders of record on Friday, August 10th will be given a dividend of $0.74 per share. The ex-dividend date is Thursday, August 9th. This represents a $2.96 annualized dividend and a yield of 1.46%. Constellation Brands, Inc. Class A’s dividend payout ratio (DPR) is currently 10.67%.

A number of equities analysts recently weighed in on STZ shares. OTR Global lowered shares of Constellation Brands, Inc. Class A to a “positive” rating in a research report on Friday, June 15th. Morgan Stanley dropped their target price on shares of Constellation Brands, Inc. Class A from $262.00 to $258.00 and set a “buy” rating for the company in a research report on Tuesday, July 3rd. Deutsche Bank dropped their target price on shares of Constellation Brands, Inc. Class A from $234.00 to $226.00 and set a “buy” rating for the company in a research report on Thursday. Stifel Nicolaus upped their target price on shares of Constellation Brands, Inc. Class A from $228.00 to $230.00 and gave the stock a “hold” rating in a research report on Thursday, May 31st. Finally, ValuEngine lowered shares of Constellation Brands, Inc. Class A from a “buy” rating to a “hold” rating in a research report on Friday, May 18th. Five equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $246.34.

Constellation Brands, Inc. Class A Company 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, Inc. Class A (NYSE:STZ)

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