Czech National Bank Has $6.09 Million Stock Holdings in Constellation Brands Inc $STZ

Czech National Bank increased its holdings in Constellation Brands Inc (NYSE:STZ) by 4.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,416 shares of the company’s stock after purchasing an additional 1,722 shares during the period. Czech National Bank’s holdings in Constellation Brands were worth $6,087,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC acquired a new position in Constellation Brands in the first quarter worth about $32,000. Rakuten Securities Inc. increased its holdings in shares of Constellation Brands by 805.0% during the first quarter. Rakuten Securities Inc. now owns 181 shares of the company’s stock worth $33,000 after buying an additional 161 shares in the last quarter. Zions Bancorporation National Association UT acquired a new stake in shares of Constellation Brands during the first quarter worth approximately $38,000. Flaharty Asset Management LLC acquired a new stake in shares of Constellation Brands during the first quarter worth approximately $39,000. Finally, WPG Advisers LLC acquired a new stake in shares of Constellation Brands during the first quarter worth approximately $43,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

Insiders Place Their Bets

In other Constellation Brands news, EVP James O. Bourdeau sold 821 shares of Constellation Brands stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $169.00, for a total value of $138,749.00. Following the sale, the executive vice president owned 9,438 shares of the company’s stock, valued at $1,595,022. This trade represents a 8.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 12.45% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on STZ. Raymond James Financial raised shares of Constellation Brands to a “strong-buy” rating in a report on Monday, July 7th. Wells Fargo & Company dropped their price objective on shares of Constellation Brands from $196.00 to $170.00 and set an “overweight” rating for the company in a report on Wednesday, September 3rd. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Constellation Brands from $182.00 to $158.00 and set a “hold” rating for the company in a report on Wednesday, September 3rd. BMO Capital Markets dropped their price objective on shares of Constellation Brands from $215.00 to $190.00 and set an “outperform” rating for the company in a report on Thursday, September 4th. Finally, Barclays reaffirmed an “equal weight” rating and set a $150.00 price objective (down previously from $202.00) on shares of Constellation Brands in a report on Friday, September 12th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $192.28.

Constellation Brands Trading Down 0.0%

Shares of NYSE STZ opened at $132.99 on Friday. The company’s fifty day moving average is $161.62 and its 200-day moving average is $172.98. The stock has a market cap of $23.44 billion, a price-to-earnings ratio of -55.64, a P/E/G ratio of 0.40 and a beta of 0.67. Constellation Brands Inc has a twelve month low of $131.90 and a twelve month high of $261.06. The company has a quick ratio of 0.68, a current ratio of 1.07 and a debt-to-equity ratio of 1.30.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings results on Tuesday, July 1st. The company reported $3.22 earnings per share for the quarter, missing analysts’ consensus estimates of $3.45 by ($0.23). The firm had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.57 billion. Constellation Brands had a positive return on equity of 31.41% and a negative net margin of 4.11%.The company’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same period in the prior year, the business earned $3.57 earnings per share. Constellation Brands has set its FY 2026 guidance at 12.600-12.900 EPS. Equities research analysts predict that Constellation Brands Inc will post 13.5 EPS for the current year.

Constellation Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Wednesday, July 30th were given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Wednesday, July 30th. Constellation Brands’s dividend payout ratio (DPR) is currently -170.71%.

Constellation Brands Company Profile

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.