Ameriprise Financial Inc. Has $421.06 Million Stock Position in Constellation Brands Inc $STZ

Ameriprise Financial Inc. boosted its holdings in Constellation Brands Inc (NYSE:STZ) by 76.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,126,644 shares of the company’s stock after purchasing an additional 1,356,903 shares during the quarter. Ameriprise Financial Inc. owned about 1.79% of Constellation Brands worth $421,059,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Root Financial Partners LLC bought a new stake in shares of Constellation Brands in the 3rd quarter valued at $26,000. Salomon & Ludwin LLC acquired a new stake in Constellation Brands in the third quarter worth $30,000. Abound Wealth Management grew 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 during the period. Twin Peaks Wealth Advisors LLC bought a new stake in Constellation Brands in the second quarter valued at $49,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in Constellation Brands in the second quarter valued at $49,000. 77.34% of the stock is owned by institutional investors and hedge funds.

Constellation Brands Trading Up 1.3%

NYSE:STZ opened at $150.22 on Monday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.34 and a quick ratio of 0.70. Constellation Brands Inc has a one year low of $126.45 and a one year high of $196.91. The company has a market cap of $26.05 billion, a PE ratio of 23.69, a PEG ratio of 0.42 and a beta of 0.44. The firm has a 50-day moving average of $155.47 and a 200-day moving average of $144.40.

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

Constellation Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Thursday, January 29th were issued a dividend of $1.02 per share. The ex-dividend date was Thursday, January 29th. This represents a $4.08 annualized dividend and a yield of 2.7%. Constellation Brands’s dividend payout ratio is 64.35%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on STZ shares. Piper Sandler cut 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 report on Friday, November 21st. Weiss Ratings raised Constellation Brands from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, February 5th. 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. UBS Group set a $168.00 price target on Constellation Brands in a report on Friday, January 9th. Finally, Wells Fargo & Company set a $165.00 price objective on Constellation Brands in a research note on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $176.91.

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.