Assenagon Asset Management S.A. Grows Stock Holdings in Constellation Brands Inc $STZ

Assenagon Asset Management S.A. raised its holdings in shares of Constellation Brands Inc (NYSE:STZ) by 1,080.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 61,290 shares of the company’s stock after purchasing an additional 56,098 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Constellation Brands were worth $8,456,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Brighton Jones LLC raised its stake in shares of Constellation Brands by 23.0% during the fourth quarter. Brighton Jones LLC now owns 1,001 shares of the company’s stock valued at $221,000 after acquiring an additional 187 shares in the last quarter. Woodline Partners LP acquired a new position in shares of Constellation Brands during the first quarter worth $2,409,000. Coldstream Capital Management Inc. lifted its holdings in shares of Constellation Brands by 22.0% during the 2nd quarter. Coldstream Capital Management Inc. now owns 2,280 shares of the company’s stock valued at $371,000 after purchasing an additional 411 shares during the last quarter. Global Retirement Partners LLC acquired a new stake in shares of Constellation Brands in the 2nd quarter worth $331,000. Finally, CreativeOne Wealth LLC increased its position in Constellation Brands by 14.5% during the 2nd quarter. CreativeOne Wealth LLC now owns 1,500 shares of the company’s stock valued at $244,000 after buying an additional 190 shares in the last quarter. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on STZ. Barclays upped their price objective on shares of Constellation Brands from $147.00 to $148.00 and gave the company an “equal weight” rating in a report on Monday, January 12th. Weiss Ratings raised shares of Constellation Brands from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, February 5th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $160.00 price objective on shares of Constellation Brands in a research note on Monday, December 15th. UBS Group set a $168.00 price objective on Constellation Brands in a report on Friday, January 9th. Finally, Citigroup upgraded Constellation Brands from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $155.00 to $175.00 in a research note on Wednesday, March 18th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $177.82.

Constellation Brands Price Performance

NYSE:STZ opened at $151.34 on Friday. Constellation Brands Inc has a one year low of $126.45 and a one year high of $196.91. The stock has a market cap of $26.24 billion, a PE ratio of 23.87, a P/E/G ratio of 0.42 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. The stock has a 50 day moving average price of $155.79 and a 200 day moving average price of $144.43.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Wednesday, January 7th. The company reported $3.06 earnings per share for the quarter, topping analysts’ consensus estimates of $2.63 by $0.43. Constellation Brands had a return on equity of 29.15% and a net margin of 11.08%.The company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the previous year, the company posted $3.25 earnings per share. The firm’s revenue for the quarter 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. Equities research analysts expect that Constellation Brands Inc will post 13.5 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.7%. 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.