Concurrent Investment Advisors LLC boosted its stake in shares of Constellation Brands Inc (NYSE:STZ – Free Report) by 1,613.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,915 shares of the company’s stock after purchasing an additional 26,286 shares during the period. Concurrent Investment Advisors LLC’s holdings in Constellation Brands were worth $3,883,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in STZ. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in Constellation Brands in the 2nd quarter valued at $31,582,000. Ally Financial Inc. purchased a new stake in Constellation Brands during the second quarter valued at approximately $1,600,000. Swiss Life Asset Management Ltd increased its position in shares of Constellation Brands by 99.1% during the 4th quarter. Swiss Life Asset Management Ltd now owns 38,489 shares of the company’s stock valued at $5,310,000 after purchasing an additional 19,161 shares during the last quarter. Swedbank AB boosted its stake in shares of Constellation Brands by 108.1% during the 4th quarter. Swedbank AB now owns 63,055 shares of the company’s stock worth $8,699,000 after purchasing an additional 32,757 shares during the period. Finally, Thompson Siegel & Walmsley LLC grew its holdings in Constellation Brands by 12.0% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 362,808 shares of the company’s stock valued at $50,053,000 after purchasing an additional 38,959 shares during the last quarter. Hedge funds and other institutional investors own 77.34% of the company’s stock.
Analyst Ratings Changes
STZ has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft dropped their price target on Constellation Brands from $155.00 to $150.00 and set a “hold” rating on the stock in a research report on Thursday, July 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $185.00 price target on shares of Constellation Brands in a research report on Thursday, July 2nd. Barclays reduced their price objective on Constellation Brands from $139.00 to $132.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 21st. JPMorgan Chase & Co. decreased their price objective on shares of Constellation Brands from $169.00 to $165.00 and set a “neutral” rating for the company in a research note on Thursday, July 2nd. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $190.00 price objective on shares of Constellation Brands in a report on Thursday, July 2nd. Eleven investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Constellation Brands has a consensus rating of “Hold” and an average price target of $170.00.
Constellation Brands Stock Performance
NYSE STZ opened at $128.19 on Tuesday. The stock has a market capitalization of $21.89 billion, a price-to-earnings ratio of 12.23, a PEG ratio of 2.42 and a beta of 0.41. The stock has a 50-day moving average of $132.64 and a 200 day moving average of $143.85. 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.
Constellation Brands (NYSE:STZ – Get Free Report) last issued its earnings results on Tuesday, June 30th. The company reported $3.43 earnings per share for the quarter, missing the consensus estimate of $3.70 by ($0.27). Constellation Brands had a return on equity of 25.58% and a net margin of 18.87%.The company had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.39 billion. During the same quarter in the prior year, the firm earned $3.22 earnings per share. The company’s revenue for the quarter was down 3.3% on a year-over-year basis. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. Sell-side analysts anticipate that Constellation Brands Inc will post 11.84 EPS for the current fiscal year.
Constellation Brands Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, July 30th were issued a $1.03 dividend. The ex-dividend date was Thursday, July 30th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.2%. Constellation Brands’s payout ratio is 39.31%.
About Constellation Brands
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.
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