Cibc World Market Inc. Sells 6,404 Shares of Constellation Brands Inc $STZ

Cibc World Market Inc. reduced its position in Constellation Brands Inc (NYSE:STZ) by 32.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,323 shares of the company’s stock after selling 6,404 shares during the quarter. Cibc World Market Inc.’s holdings in Constellation Brands were worth $1,794,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of STZ. Root Financial Partners LLC acquired a new stake in Constellation Brands during the 3rd quarter worth about $26,000. Salomon & Ludwin LLC acquired a new stake in Constellation Brands during the third quarter worth approximately $30,000. Abound Wealth Management increased its holdings in Constellation Brands by 341.8% in the third quarter. Abound Wealth Management now owns 243 shares of the company’s stock worth $33,000 after purchasing an additional 188 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in Constellation Brands in the second quarter valued at approximately $49,000. Finally, Curio Wealth LLC boosted its holdings in shares of Constellation Brands by 29,900.0% during the 2nd quarter. Curio Wealth LLC now owns 300 shares of the company’s stock worth $49,000 after buying an additional 299 shares in the last quarter. Institutional investors own 77.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. UBS Group set a $168.00 price objective on shares of Constellation Brands in a research note on Friday, January 9th. Piper Sandler decreased their price target on shares of Constellation Brands from $155.00 to $135.00 and set a “neutral” rating for the company in a research note on Friday, November 21st. Zacks Research upgraded shares of Constellation Brands from a “strong sell” rating to a “hold” rating in a report on Monday, November 3rd. JPMorgan Chase & Co. initiated coverage on Constellation Brands in a research note on Friday, November 7th. They issued a “neutral” rating and a $153.00 target price for the company. Finally, Sanford C. Bernstein upped their price target on Constellation Brands from $195.00 to $197.00 and gave the stock an “outperform” rating in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Constellation Brands has a consensus rating of “Hold” and a consensus target price of $176.91.

Constellation Brands Stock Performance

NYSE STZ opened at $149.20 on Tuesday. The company has a market capitalization of $25.87 billion, a PE ratio of 23.53, a price-to-earnings-growth ratio of 0.44 and a beta of 0.44. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.70 and a current ratio of 1.34. Constellation Brands Inc has a 52-week low of $126.45 and a 52-week high of $196.91. The company has a 50-day simple moving average of $150.82 and a 200 day simple moving average of $146.28.

Constellation Brands (NYSE:STZ) last released its earnings results on Wednesday, January 7th. The company reported $3.06 earnings per share for the quarter, beating analysts’ consensus estimates of $2.63 by $0.43. Constellation Brands had a net margin of 11.08% and a return on equity of 29.15%. The firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the prior year, the firm earned $3.25 EPS. The company’s revenue was down 9.8% compared to the same quarter last year. Constellation Brands has set its FY 2026 guidance at 11.300-11.600 EPS. On average, research analysts predict that Constellation Brands Inc will post 13.5 EPS for the current year.

Constellation Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Thursday, January 29th were given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Thursday, January 29th. Constellation Brands’s dividend payout ratio (DPR) is currently 64.35%.

Constellation Brands Company Profile

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.