D.A. Davidson & CO. Decreases Stock Holdings in Constellation Brands Inc $STZ

D.A. Davidson & CO. reduced its position in Constellation Brands Inc (NYSE:STZ) by 9.3% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 45,180 shares of the company’s stock after selling 4,634 shares during the period. D.A. Davidson & CO.’s holdings in Constellation Brands were worth $6,084,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Gilbert & Cook Inc. grew its holdings in Constellation Brands by 2.6% in the second quarter. Gilbert & Cook Inc. now owns 2,385 shares of the company’s stock worth $388,000 after purchasing an additional 60 shares during the last quarter. V Square Quantitative Management LLC lifted its holdings in shares of Constellation Brands by 3.8% during the 2nd quarter. V Square Quantitative Management LLC now owns 1,682 shares of the company’s stock valued at $274,000 after purchasing an additional 62 shares during the last quarter. Oak Asset Management LLC boosted its position in shares of Constellation Brands by 0.4% in the 2nd quarter. Oak Asset Management LLC now owns 18,281 shares of the company’s stock worth $2,974,000 after purchasing an additional 70 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in Constellation Brands by 9.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 813 shares of the company’s stock worth $149,000 after buying an additional 73 shares during the last quarter. Finally, Private Trust Co. NA grew its stake in Constellation Brands by 0.7% during the 3rd quarter. Private Trust Co. NA now owns 11,001 shares of the company’s stock worth $1,481,000 after buying an additional 75 shares during the last quarter. Institutional investors own 77.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on STZ shares. Citigroup decreased their price target on Constellation Brands from $155.00 to $145.00 and set a “neutral” rating for the company in a research note on Tuesday, September 23rd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Constellation Brands in a research report on Monday, December 29th. Piper Sandler dropped their target price on shares of Constellation Brands from $155.00 to $135.00 and set a “neutral” rating on the stock in a research report on Friday, November 21st. UBS Group set a $160.00 price target on shares of Constellation Brands in a research note on Tuesday, October 7th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $180.00 price target on shares of Constellation Brands in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, Constellation Brands presently has a consensus rating of “Hold” and a consensus price target of $182.17.

More Constellation Brands News

Here are the key news stories impacting Constellation Brands this week:

• Positive Sentiment: Needham reiterates a “buy” and sets a $180 price target, implying meaningful upside and adding bullish analyst support ahead of the earnings print. Read More.
• Positive Sentiment: Benzinga previews expect Constellation to deliver another double-beat on revenue and EPS and says tariff concerns have likely moderated — a beat would support a near-term rebound in the stock. Read More.
• Neutral Sentiment: Schaeffers notes Constellation’s fiscal Q3 report is due after the close on Jan. 7 — the timing makes the print the primary near-term catalyst for the stock. Read More.
• Neutral Sentiment: TipRanks and MSN run earnings previews and “what to expect” pieces — these summarize consensus expectations and are prompting positioning but don’t add a new fundamental change. Read More. | Read More.
• Neutral Sentiment: Benzinga reports some analysts have revised forecasts ahead of the call — revisions can amplify moves after the print but are not uniformly bullish or bearish until results are released. Read More.
• Negative Sentiment: Coverage highlighting slower growth (Artisan letter coverage summarized by InsiderMonkey/Yahoo) has pressured the stock previously and remains a tangible downside risk if the company fails to show improving trends. Read More.
• Neutral Sentiment: Analysis pieces on valuation, beer strength and buybacks note attractive buyback activity and strong beer brands but warn valuation and margin dynamics will be decisive after the earnings release. Read More.

Constellation Brands Stock Performance

STZ opened at $143.61 on Wednesday. The company has a current ratio of 1.08, a quick ratio of 0.54 and a debt-to-equity ratio of 1.26. Constellation Brands Inc has a 12-month low of $126.45 and a 12-month high of $226.22. The firm has a 50 day moving average of $136.34 and a two-hundred day moving average of $148.68. The firm has a market capitalization of $25.14 billion, a PE ratio of 20.96, a P/E/G ratio of 0.43 and a beta of 0.45.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Thursday, February 23rd. The company reported $3.12 earnings per share for the quarter. The firm had revenue of $2.32 billion for the quarter. Constellation Brands had a net margin of 11.88% and a return on equity of 29.82%. On average, analysts anticipate that Constellation Brands Inc will post 13.5 EPS for the current year.

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.