Old Port Advisors Takes Position in Constellation Brands, Inc. Class A (STZ)

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Old Port Advisors purchased a new position in shares of Constellation Brands, Inc. Class A (NYSE:STZ) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,658 shares of the company’s stock, valued at approximately $582,000.

A number of other large investors also recently bought and sold shares of the business. Essex Financial Services Inc. raised its stake in Constellation Brands, Inc. Class A by 10.2% during the second quarter. Essex Financial Services Inc. now owns 2,696 shares of the company’s stock worth $590,000 after purchasing an additional 250 shares during the period. ELCO Management Co. LLC raised its stake in shares of Constellation Brands, Inc. Class A by 6.6% in the 2nd quarter. ELCO Management Co. LLC now owns 4,120 shares of the company’s stock valued at $902,000 after acquiring an additional 255 shares during the period. Spinnaker Trust raised its stake in shares of Constellation Brands, Inc. Class A by 1.8% in the 2nd quarter. Spinnaker Trust now owns 14,476 shares of the company’s stock valued at $3,167,000 after acquiring an additional 259 shares during the period. 180 Wealth Advisors LLC raised its stake in shares of Constellation Brands, Inc. Class A by 15.8% in the 1st quarter. 180 Wealth Advisors LLC now owns 1,958 shares of the company’s stock valued at $444,000 after acquiring an additional 267 shares during the period. Finally, First Allied Advisory Services Inc. raised its stake in shares of Constellation Brands, Inc. Class A by 7.2% in the 1st quarter. First Allied Advisory Services Inc. now owns 4,012 shares of the company’s stock valued at $921,000 after acquiring an additional 269 shares during the period. 73.46% of the stock is currently owned by institutional investors.

A number of brokerages have recently commented on STZ. ValuEngine raised shares of Constellation Brands, Inc. Class A from a “hold” rating to a “buy” rating in a research note on Thursday, June 28th. OTR Global downgraded shares of Constellation Brands, Inc. Class A to a “positive” rating in a research note on Friday, June 15th. Stifel Nicolaus raised their target price on shares of Constellation Brands, Inc. Class A from $228.00 to $230.00 and gave the company a “hold” rating in a research note on Thursday, May 31st. Pivotal Research reissued a “buy” rating and issued a $285.00 target price on shares of Constellation Brands, Inc. Class A in a research note on Friday, June 29th. Finally, Evercore ISI set a $255.00 target price on shares of Constellation Brands, Inc. Class A and gave the company a “buy” rating in a research note on Friday. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $242.62.

Constellation Brands, Inc. Class A stock opened at $216.32 on Tuesday. Constellation Brands, Inc. Class A has a 12-month low of $197.32 and a 12-month high of $236.62. The firm has a market cap of $41.48 billion, a P/E ratio of 24.73, a PEG ratio of 2.13 and a beta of 0.03. 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 (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.42 by ($0.22). Constellation Brands, Inc. Class A had a return on equity of 19.81% and a net margin of 31.51%. The firm had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.05 billion. During the same period last year, the firm earned $2.34 EPS. The business’s quarterly revenue was up 6.1% on a year-over-year basis. equities analysts expect that Constellation Brands, Inc. Class A will post 9.36 EPS for the current fiscal year.

Constellation Brands, Inc. Class A 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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