Public Employees Retirement System of Ohio Purchases New Position in Constellation Brands Inc $STZ

Public Employees Retirement System of Ohio purchased a new position in shares of Constellation Brands Inc (NYSE:STZFree Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 80,471 shares of the company’s stock, valued at approximately $11,193,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. HM Payson & Co. grew its stake in Constellation Brands by 10.0% in the 4th quarter. HM Payson & Co. now owns 701 shares of the company’s stock valued at $97,000 after acquiring an additional 64 shares during the period. Clearstead Trust LLC grew its position in shares of Constellation Brands by 14.2% in the fourth quarter. Clearstead Trust LLC now owns 548 shares of the company’s stock valued at $76,000 after purchasing an additional 68 shares during the period. Johnson Financial Group Inc. increased its stake in shares of Constellation Brands by 24.9% during the fourth quarter. Johnson Financial Group Inc. now owns 346 shares of the company’s stock worth $48,000 after purchasing an additional 69 shares in the last quarter. HB Wealth Management LLC raised its position in shares of Constellation Brands by 0.7% during the 1st quarter. HB Wealth Management LLC now owns 10,795 shares of the company’s stock worth $1,619,000 after purchasing an additional 72 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in Constellation Brands by 5.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,338 shares of the company’s stock valued at $188,000 after buying an additional 74 shares in the last quarter. 77.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on STZ. Barclays reduced their target price on Constellation Brands from $139.00 to $132.00 and set an “equal weight” rating for the company in a report on Tuesday, July 21st. Royal Bank Of Canada restated an “outperform” rating and issued a $185.00 price objective on shares of Constellation Brands in a report on Thursday, July 2nd. Morgan Stanley dropped their target price on shares of Constellation Brands from $183.00 to $158.00 and set an “equal weight” rating for the company in a report on Thursday, July 2nd. Bank of America decreased their price target on shares of Constellation Brands from $152.00 to $145.00 and set an “underperform” rating on the stock in a research note on Thursday, July 2nd. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $190.00 price objective on shares of Constellation Brands in a research note on Thursday, July 2nd. Eleven analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $167.53.

Get Our Latest Report on STZ

Constellation Brands Trading Down 0.1%

Shares of STZ stock opened at $130.57 on Monday. The company has a current ratio of 0.91, a quick ratio of 0.48 and a debt-to-equity ratio of 1.06. Constellation Brands Inc has a twelve month low of $126.45 and a twelve month high of $168.60. The company’s 50-day moving average price is $134.30 and its 200-day moving average price is $145.03. The stock has a market cap of $22.30 billion, a price-to-earnings ratio of 12.46, a PEG ratio of 4.07 and a beta of 1.75.

Constellation Brands (NYSE:STZGet Free Report) last issued its earnings results on Tuesday, June 30th. The company reported $3.43 EPS for the quarter, missing analysts’ consensus estimates of $3.70 by ($0.27). The firm had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.39 billion. Constellation Brands had a return on equity of 25.58% and a net margin of 18.87%.Constellation Brands’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same period last year, the firm earned $3.22 earnings per share. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. As a group, equities analysts predict that Constellation Brands Inc will post 11.84 earnings per share for the current year.

Constellation Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, July 30th were given a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 3.2%. The ex-dividend date was Thursday, July 30th. Constellation Brands’s dividend payout ratio is presently 39.31%.

Constellation Brands Profile

(Free Report)

Constellation Brands, Inc is a leading producer and marketer of beer, wine and spirits, with operations spanning production, importation, marketing and distribution. The company’s beverage portfolio includes a range of premium and mainstream wines and spirits alongside major imported beer brands; in the U.S. market Constellation is widely known for its role in bringing Mexican imports such as Corona and Modelo to American consumers. Constellation supplies retail, on‑premise and foodservice channels and supports its brands with national sales and marketing platforms and supply‑chain capabilities.

The company traces its roots to the Canandaigua Wine Company, founded by Marvin Sands in 1945, and evolved through organic growth and acquisition into a diversified beverage company.

See Also

Want to see what other hedge funds are holding STZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Constellation Brands Inc (NYSE:STZFree Report).

Institutional Ownership by Quarter for Constellation Brands (NYSE:STZ)

Receive News & Ratings for Constellation Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Constellation Brands and related companies with MarketBeat.com's FREE daily email newsletter.