U S Global Investors Inc. lifted its holdings in Constellation Brands Inc (NYSE:STZ – Free Report) by 500.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 6,000 shares of the company’s stock after acquiring an additional 5,000 shares during the quarter. U S Global Investors Inc.’s holdings in Constellation Brands were worth $678,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of the business. Root Financial Partners LLC boosted its stake in shares of Constellation Brands by 231.3% during the first quarter. Root Financial Partners LLC now owns 222 shares of the company’s stock valued at $33,000 after purchasing an additional 155 shares in the last quarter. Cedar Mountain Advisors LLC purchased a new position in Constellation Brands during the first quarter valued at approximately $33,000. Continuum Advisory LLC bought a new position in Constellation Brands in the second quarter worth approximately $33,000. Ascentis Independent Advisors bought a new position in Constellation Brands in the first quarter worth approximately $37,000. Finally, SBI Securities Co. Ltd. raised its stake in Constellation Brands by 13.7% in the third quarter. SBI Securities Co. Ltd. now owns 654 shares of the company’s stock worth $74,000 after buying an additional 79 shares in the last quarter. Hedge funds and other institutional investors own 77.34% of the company’s stock.
Analyst Ratings Changes
A number of analysts have weighed in on the company. TD Cowen lowered their target price on Constellation Brands from $174.00 to $150.00 and set a “buy” rating for the company in a report on Thursday, September 17th. BNP Paribas Exane cut their price target on Constellation Brands from $115.00 to $110.00 and set an “underperform” rating on the stock in a report on Monday, September 21st. Sanford C. Bernstein cut their price target on Constellation Brands from $197.00 to $180.00 and set an “outperform” rating on the stock in a report on Monday, September 28th. Evercore set a $160.00 price target on Constellation Brands in a research report on Monday, September 21st. Finally, Freedom Broker upgraded Constellation Brands from a “hold” rating to a “buy” rating and decreased their price objective for the stock from $173.00 to $158.00 in a research note on Thursday, October 8th. Twelve equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $153.09.
Read Our Latest Stock Report on STZ
Constellation Brands Stock Up 5.4%
NYSE:STZ opened at $139.19 on Friday. The company’s 50-day simple moving average is $125.30 and its 200-day simple moving average is $136.72. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.53 and a current ratio of 1.00. Constellation Brands Inc has a fifty-two week low of $110.60 and a fifty-two week high of $168.60. The stock has a market capitalization of $23.55 billion, a P/E ratio of 10.88, a P/E/G ratio of 2.70 and a beta of 0.44.
Constellation Brands (NYSE:STZ – Get Free Report) last posted its quarterly earnings data on Tuesday, October 6th. The company reported $3.74 EPS for the quarter, topping the consensus estimate of $3.62 by $0.12. The firm had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.54 billion. Constellation Brands had a net margin of 19.57% and a return on equity of 24.75%. Constellation Brands’s revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.63 EPS. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. On average, equities analysts anticipate that Constellation Brands Inc will post 11.85 earnings per share for the current fiscal year.
Constellation Brands Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be issued a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Friday, October 30th. Constellation Brands’s payout ratio is currently 36.95%.
Constellation Brands Profile
Constellation Brands, Inc is a beverage alcohol company that develops, produces, markets and distributes beer, wine and spirits. Its beer portfolio includes Modelo Especial, Corona Extra, Corona Light, Pacifico and Victoria, while its wine and spirits brands include Robert Mondavi, Kim Crawford, Meiomi, The Prisoner Wine Company, Simi, Ruffino, High West and Casa Noble.
The company’s beer business is primarily focused on the United States, where Constellation markets and distributes several leading Mexican beer brands under license from Grupo Modelo.
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