Meeder Advisory Services Inc. Has $1.24 Million Stock Holdings in Constellation Brands, Inc. (NYSE:STZ)

Meeder Advisory Services Inc. boosted its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 66.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,812 shares of the company’s stock after acquiring an additional 1,925 shares during the period. Meeder Advisory Services Inc.’s holdings in Constellation Brands were worth $1,238,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in STZ. New Millennium Group LLC acquired a new position in shares of Constellation Brands in the second quarter valued at $25,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Constellation Brands in the 2nd quarter valued at $29,000. Horizon Bancorp Inc. IN bought a new position in shares of Constellation Brands during the 2nd quarter worth about $32,000. YHB Investment Advisors Inc. acquired a new stake in shares of Constellation Brands during the 1st quarter valued at about $35,000. Finally, First Financial Corp IN bought a new stake in Constellation Brands in the first quarter valued at about $35,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

Constellation Brands Trading Up 0.4 %

STZ stock opened at $252.63 on Friday. The company has a quick ratio of 0.53, a current ratio of 1.19 and a debt-to-equity ratio of 1.06. Constellation Brands, Inc. has a twelve month low of $227.50 and a twelve month high of $274.87. The company has a market cap of $46.03 billion, a P/E ratio of 18.82, a PEG ratio of 1.69 and a beta of 0.88. The business has a fifty day moving average of $245.91 and a 200-day moving average of $253.81.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Wednesday, July 3rd. The company reported $3.57 earnings per share for the quarter, topping the consensus estimate of $3.46 by $0.11. The firm had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.67 billion. Constellation Brands had a return on equity of 23.72% and a net margin of 22.70%. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the business posted $2.91 EPS. As a group, equities research analysts expect that Constellation Brands, Inc. will post 13.53 EPS for the current year.

Constellation Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Wednesday, August 14th were paid a $1.01 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $4.04 dividend on an annualized basis and a yield of 1.60%. Constellation Brands’s payout ratio is presently 30.10%.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. JPMorgan Chase & Co. cut their price target on shares of Constellation Brands from $320.00 to $307.00 and set an “overweight” rating for the company in a research note on Tuesday, September 3rd. UBS Group decreased their price target on Constellation Brands from $320.00 to $295.00 and set a “buy” rating on the stock in a research note on Monday, September 9th. Barclays upped their price target on Constellation Brands from $287.00 to $295.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. BMO Capital Markets reissued an “outperform” rating and set a $315.00 price objective on shares of Constellation Brands in a report on Friday, July 5th. Finally, Morgan Stanley lowered their target price on shares of Constellation Brands from $305.00 to $280.00 and set an “overweight” rating on the stock in a report on Monday, August 26th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $296.78.

Insiders Place Their Bets

In other news, CFO Garth Hankinson sold 13,583 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $240.00, for a total value of $3,259,920.00. Following the transaction, the chief financial officer now directly owns 11,702 shares in the company, valued at approximately $2,808,480. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Constellation Brands news, CFO Garth Hankinson sold 13,583 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $240.00, for a total value of $3,259,920.00. Following the completion of the sale, the chief financial officer now owns 11,702 shares of the company’s stock, valued at $2,808,480. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kaneenat Kristann Carey sold 977 shares of Constellation Brands stock in a transaction on Friday, July 12th. The stock was sold at an average price of $261.00, for a total transaction of $254,997.00. Following the transaction, the executive vice president now directly owns 2,706 shares in the company, valued at $706,266. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,414 shares of company stock valued at $3,982,922. Company insiders own 12.19% of the company’s stock.

About Constellation Brands

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.