Blair William & Co. IL boosted its position in shares of Constellation Brands Inc (NYSE:STZ – Free Report) by 23.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,352 shares of the company’s stock after purchasing an additional 3,706 shares during the period. Blair William & Co. IL’s holdings in Constellation Brands were worth $2,606,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of STZ. Ameriprise Financial Inc. grew its stake in Constellation Brands by 650.6% in the second quarter. Ameriprise Financial Inc. now owns 1,769,741 shares of the company’s stock valued at $287,889,000 after purchasing an additional 1,533,961 shares in the last quarter. Norges Bank bought a new stake in shares of Constellation Brands during the 2nd quarter worth approximately $239,737,000. Berkshire Hathaway Inc raised its stake in shares of Constellation Brands by 11.6% during the 2nd quarter. Berkshire Hathaway Inc now owns 13,400,000 shares of the company’s stock worth $2,179,912,000 after purchasing an additional 1,391,000 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC boosted its holdings in shares of Constellation Brands by 39.6% in the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 3,675,855 shares of the company’s stock valued at $597,988,000 after buying an additional 1,042,904 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Constellation Brands by 3.3% in the 3rd quarter. Vanguard Group Inc. now owns 18,202,611 shares of the company’s stock valued at $2,451,346,000 after buying an additional 573,766 shares during the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.
Analyst Upgrades and Downgrades
STZ has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $160.00 target price on shares of Constellation Brands in a report on Monday, December 15th. UBS Group set a $168.00 price target on shares of Constellation Brands in a research note on Friday, January 9th. Needham & Company LLC reissued a “buy” rating and issued a $180.00 price objective on shares of Constellation Brands in a research report on Tuesday, January 6th. Piper Sandler lowered their price objective on shares of Constellation Brands from $155.00 to $135.00 and set a “neutral” rating on the stock in a research note on Friday, November 21st. Finally, Citigroup upped their target price on shares of Constellation Brands from $148.00 to $155.00 and gave the company a “neutral” rating in a report on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Constellation Brands currently has an average rating of “Hold” and an average target price of $176.91.
Constellation Brands Stock Performance
NYSE STZ opened at $148.22 on Friday. The firm has a 50-day moving average price of $155.29 and a two-hundred day moving average price of $144.70. Constellation Brands Inc has a 12-month low of $126.45 and a 12-month high of $196.91. The company has a market capitalization of $25.70 billion, a P/E ratio of 23.38, a P/E/G ratio of 0.42 and a beta of 0.44. The company has a quick ratio of 0.70, a current ratio of 1.34 and a debt-to-equity ratio of 1.29.
Constellation Brands (NYSE:STZ – Get Free Report) last announced its earnings results on Wednesday, January 7th. The company reported $3.06 EPS for the quarter, topping the consensus estimate of $2.63 by $0.43. Constellation Brands had a net margin of 11.08% and a return on equity of 29.15%. The company had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same period last year, the firm earned $3.25 earnings per share. The business’s revenue for the quarter was down 9.8% on a year-over-year basis. Constellation Brands has set its FY 2026 guidance at 11.300-11.600 EPS. Analysts anticipate that Constellation Brands Inc will post 13.5 earnings per share for the current year.
Constellation Brands Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Thursday, January 29th were paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Thursday, January 29th. Constellation Brands’s dividend payout ratio (DPR) is 64.35%.
Constellation Brands 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.
Recommended Stories
- Five stocks we like better than Constellation Brands
- The gold chart Wall Street is terrified of…
- Elon Musk already made me a “wealthy man”
- Unlocked: Elon Musk’s Next Big IPO
- 1,500 Banks Just Handed the Fed Your Bank Account
- Silver paying 20% dividend. Plus 68% share gains
Want to see what other hedge funds are holding STZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Constellation Brands Inc (NYSE:STZ – Free Report).
Receive News & Ratings for Constellation Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Constellation Brands and related companies with MarketBeat.com's FREE daily email newsletter.
