Florida Trust Wealth Management Co Has $1.41 Million Position in Constellation Brands Inc $STZ

Florida Trust Wealth Management Co trimmed its stake in Constellation Brands Inc (NYSE:STZFree Report) by 37.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,208 shares of the company’s stock after selling 6,025 shares during the quarter. Florida Trust Wealth Management Co’s holdings in Constellation Brands were worth $1,408,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ameriprise Financial Inc. increased its position in shares of Constellation Brands by 650.6% during the second quarter. Ameriprise Financial Inc. now owns 1,769,741 shares of the company’s stock worth $287,889,000 after acquiring an additional 1,533,961 shares in the last quarter. Berkshire Hathaway Inc boosted its stake in Constellation Brands by 11.6% during the 2nd quarter. Berkshire Hathaway Inc now owns 13,400,000 shares of the company’s stock valued at $2,179,912,000 after purchasing an additional 1,391,000 shares during the last quarter. Vanguard Group Inc. boosted its stake in Constellation Brands by 3.3% during the 3rd quarter. Vanguard Group Inc. now owns 18,202,611 shares of the company’s stock valued at $2,451,346,000 after purchasing an additional 573,766 shares during the last quarter. Worldquant Millennium Advisors LLC increased its holdings in Constellation Brands by 1,249.7% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 476,702 shares of the company’s stock worth $77,550,000 after purchasing an additional 441,382 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC increased its holdings in Constellation Brands by 26.8% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,664,151 shares of the company’s stock worth $224,111,000 after purchasing an additional 351,241 shares in the last quarter. 77.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

STZ has been the subject of a number of analyst reports. Weiss Ratings raised Constellation Brands from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, February 5th. Royal Bank Of Canada restated an “outperform” rating on shares of Constellation Brands in a research note on Wednesday, March 18th. Citigroup raised shares of Constellation Brands from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $155.00 to $175.00 in a report on Wednesday, March 18th. Barclays upped their target price on shares of Constellation Brands from $148.00 to $151.00 and gave the stock an “equal weight” rating in a research note on Thursday. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $180.00 target price on shares of Constellation Brands in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Constellation Brands presently has a consensus rating of “Moderate Buy” and a consensus target price of $178.50.

Read Our Latest Analysis on Constellation Brands

Key Constellation Brands News

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

Constellation Brands Stock Performance

NYSE:STZ opened at $151.03 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. The business has a fifty day simple moving average of $154.81 and a two-hundred day simple moving average of $144.91. Constellation Brands Inc has a 1 year low of $126.45 and a 1 year high of $196.91. The company has a market capitalization of $26.19 billion, a P/E ratio of 23.82, a P/E/G ratio of 0.42 and a beta of 0.44.

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

Constellation Brands Dividend Announcement

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

About Constellation Brands

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Constellation Brands (NYSE:STZ)

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