Atlantic Trust LLC bought a new position in Constellation Brands, Inc. Class A (NYSE:STZ) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 520 shares of the company’s stock, valued at approximately $114,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Essex Financial Services Inc. lifted its stake in Constellation Brands, Inc. Class A by 10.2% in the second quarter. Essex Financial Services Inc. now owns 2,696 shares of the company’s stock valued at $590,000 after purchasing an additional 250 shares during the last quarter. ELCO Management Co. LLC lifted its stake in Constellation Brands, Inc. Class A by 6.6% in the second quarter. ELCO Management Co. LLC now owns 4,120 shares of the company’s stock valued at $902,000 after purchasing an additional 255 shares during the last quarter. Spinnaker Trust lifted its stake in Constellation Brands, Inc. Class A by 1.8% in the second quarter. Spinnaker Trust now owns 14,476 shares of the company’s stock valued at $3,167,000 after purchasing an additional 259 shares during the last quarter. 180 Wealth Advisors LLC lifted its stake in Constellation Brands, Inc. Class A by 15.8% in the first quarter. 180 Wealth Advisors LLC now owns 1,958 shares of the company’s stock valued at $444,000 after purchasing an additional 267 shares during the last quarter. Finally, First Allied Advisory Services Inc. lifted its stake in Constellation Brands, Inc. Class A by 7.2% in the first quarter. First Allied Advisory Services Inc. now owns 4,012 shares of the company’s stock valued at $921,000 after purchasing an additional 269 shares during the last quarter. Institutional investors and hedge funds own 73.49% of the company’s stock.

Several equities analysts recently commented on the company. Deutsche Bank dropped their price objective on Constellation Brands, Inc. Class A from $234.00 to $226.00 and set a “buy” rating on the stock in a research note on Thursday, August 16th. Cann dropped their price objective on Constellation Brands, Inc. Class A from $234.00 to $226.00 and set a “buy” rating on the stock in a research note on Thursday, August 16th. Jefferies Financial Group began coverage on shares of Constellation Brands, Inc. Class A in a report on Friday, September 7th. They set a “buy” rating and a $283.00 target price on the stock. Guggenheim began coverage on shares of Constellation Brands, Inc. Class A in a report on Thursday, September 13th. They set a “sell” rating and a $177.00 target price on the stock. Finally, Susquehanna Bancshares cut shares of Constellation Brands, Inc. Class A from a “neutral” rating to a “negative” rating and lowered their target price for the company from $199.00 to $169.00 in a report on Monday, August 20th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $242.40.

Constellation Brands, Inc. Class A stock opened at $212.33 on Tuesday. The firm has a market capitalization of $41.30 billion, a PE ratio of 24.35, a PEG ratio of 2.13 and a beta of 0.03. Constellation Brands, Inc. Class A has a fifty-two week low of $197.32 and a fifty-two week high of $236.62. The company has a current ratio of 1.81, a quick ratio of 0.77 and a debt-to-equity ratio of 0.89.

Constellation Brands, Inc. Class A (NYSE:STZ) last released its quarterly earnings results on Friday, June 29th. The company reported $2.20 earnings per share for the quarter, missing the consensus estimate of $2.42 by ($0.22). The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.05 billion. Constellation Brands, Inc. Class A had a return on equity of 19.81% and a net margin of 31.51%. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.34 EPS. sell-side analysts anticipate that Constellation Brands, Inc. Class A will post 9.33 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, August 24th. Stockholders of record on Friday, August 10th were issued a $0.74 dividend. The ex-dividend date was Thursday, August 9th. This represents a $2.96 annualized dividend and a dividend yield of 1.39%. Constellation Brands, Inc. Class A’s payout ratio is currently 10.67%.

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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