Forsta AP Fonden Has $24.73 Million Holdings in Constellation Brands, Inc. Class A (STZ)

Forsta AP Fonden boosted its stake in shares of Constellation Brands, Inc. Class A (NYSE:STZ) by 16.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 113,000 shares of the company’s stock after buying an additional 16,300 shares during the period. Constellation Brands, Inc. Class A accounts for about 0.9% of Forsta AP Fonden’s investment portfolio, making the stock its 28th biggest holding. Forsta AP Fonden owned approximately 0.06% of Constellation Brands, Inc. Class A worth $24,732,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of Constellation Brands, Inc. Class A by 3.0% during the 2nd quarter. BlackRock Inc. now owns 11,987,700 shares of the company’s stock valued at $2,623,747,000 after purchasing an additional 345,735 shares during the last quarter. FMR LLC lifted its holdings in shares of Constellation Brands, Inc. Class A by 6.0% during the 2nd quarter. FMR LLC now owns 5,969,243 shares of the company’s stock valued at $1,306,489,000 after purchasing an additional 337,338 shares during the last quarter. Jennison Associates LLC lifted its holdings in shares of Constellation Brands, Inc. Class A by 344.8% during the 2nd quarter. Jennison Associates LLC now owns 2,101,846 shares of the company’s stock valued at $460,031,000 after purchasing an additional 1,629,361 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Constellation Brands, Inc. Class A by 17.3% during the 2nd quarter. Bank of America Corp DE now owns 2,001,752 shares of the company’s stock valued at $438,124,000 after purchasing an additional 295,598 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Constellation Brands, Inc. Class A by 13.1% during the 2nd quarter. American Century Companies Inc. now owns 1,732,680 shares of the company’s stock valued at $379,232,000 after purchasing an additional 200,045 shares during the last quarter. Institutional investors own 73.49% of the company’s stock.

STZ has been the subject of several analyst reports. Bank of America decreased their price objective on Constellation Brands, Inc. Class A from $250.00 to $230.00 and set a “buy” rating for the company in a report on Thursday, August 16th. ValuEngine lowered Constellation Brands, Inc. Class A from a “buy” rating to a “hold” rating in a report on Friday, May 18th. Deutsche Bank decreased their price objective on Constellation Brands, Inc. Class A to $234.00 and set a “buy” rating for the company in a report on Thursday, July 5th. Royal Bank of Canada increased their price objective on Constellation Brands, Inc. Class A to $300.00 and gave the company an “outperform” rating in a report on Wednesday, August 22nd. Finally, OTR Global lowered Constellation Brands, Inc. Class A to a “positive” rating in a report on Friday, June 15th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $245.37.

Shares of STZ stock opened at $214.83 on Friday. The firm has a market capitalization of $41.16 billion, a P/E ratio of 24.64, a PEG ratio of 2.12 and a beta of 0.03. The company has a quick ratio of 0.77, a current ratio of 1.81 and a debt-to-equity ratio of 0.89. Constellation Brands, Inc. Class A has a 1 year low of $197.32 and a 1 year high of $236.62.

Constellation Brands, Inc. Class A (NYSE:STZ) last issued its earnings results on Friday, June 29th. The company reported $2.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.42 by ($0.22). The firm had revenue of $2.05 billion during the quarter, compared to analysts’ expectations 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 business’s revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the business earned $2.34 EPS. analysts forecast that Constellation Brands, Inc. Class A will post 9.33 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, August 24th. Shareholders of record on Friday, August 10th were given a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend was Thursday, August 9th. Constellation Brands, Inc. Class A’s dividend 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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