Epoch Investment Partners Inc. Sells 67,358 Shares of Constellation Brands Inc $STZ

Epoch Investment Partners Inc. trimmed its position in shares of Constellation Brands Inc (NYSE:STZ) by 89.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,300 shares of the company’s stock after selling 67,358 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Constellation Brands were worth $1,350,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Zions Bancorporation National Association UT bought a new stake in Constellation Brands during the 1st quarter worth approximately $38,000. Flaharty Asset Management LLC bought a new position in Constellation Brands in the 1st quarter valued at $39,000. Hoey Investments Inc. acquired a new position in Constellation Brands in the second quarter worth $40,000. WPG Advisers LLC acquired a new position in Constellation Brands in the first quarter worth $43,000. Finally, Curio Wealth LLC grew its holdings in shares of Constellation Brands by 29,900.0% during the second quarter. Curio Wealth LLC now owns 300 shares of the company’s stock worth $49,000 after purchasing an additional 299 shares during the last quarter. Institutional investors own 77.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on STZ shares. Deutsche Bank Aktiengesellschaft cut their price target on Constellation Brands from $182.00 to $158.00 and set a “hold” rating for the company in a report on Wednesday, September 3rd. BMO Capital Markets lowered 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 report on Thursday, September 4th. BNP Paribas lowered shares of Constellation Brands from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 3rd. Bank of America decreased their price target on shares of Constellation Brands from $150.00 to $142.00 and set an “underperform” rating on the stock in a research note on Wednesday, September 3rd. Finally, Barclays lowered their price target on shares of Constellation Brands from $150.00 to $147.00 and set an “equal weight” rating for the company in a report on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $181.88.

Constellation Brands Stock Up 3.2%

Shares of NYSE STZ opened at $142.44 on Friday. Constellation Brands Inc has a 1 year low of $126.45 and a 1 year high of $245.31. The firm’s 50-day moving average is $135.65 and its 200-day moving average is $153.76. The company has a current ratio of 1.08, a quick ratio of 0.54 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $24.93 billion, a PE ratio of 20.79, a price-to-earnings-growth ratio of 0.43 and a beta of 0.46.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Thursday, February 23rd. The company reported $3.12 earnings per share for the quarter. Constellation Brands had a net margin of 11.88% and a return on equity of 29.82%. The business had revenue of $2.32 billion for the quarter. Equities analysts expect that Constellation Brands Inc will post 13.5 EPS for the current year.

Constellation Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 13th. Stockholders of record on Thursday, October 30th were given a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Thursday, October 30th. Constellation Brands’s dividend payout ratio (DPR) is currently 59.56%.

Constellation Brands Company 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.