Constellation Brands Inc $STZ Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC lowered its stake in shares of Constellation Brands Inc (NYSE:STZ) by 89.4% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 5,469 shares of the company’s stock after selling 46,173 shares during the period. Cresset Asset Management LLC’s holdings in Constellation Brands were worth $736,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. grew its stake in shares of Constellation Brands by 329.8% in the third quarter. Oppenheimer Asset Management Inc. now owns 73,323 shares of the company’s stock valued at $9,874,000 after buying an additional 56,263 shares in the last quarter. Matrix Asset Advisors Inc. NY acquired a new position in Constellation Brands during the 3rd quarter worth about $5,236,000. Bayforest Capital Ltd lifted its stake in Constellation Brands by 5,810.2% during the 3rd quarter. Bayforest Capital Ltd now owns 6,974 shares of the company’s stock worth $939,000 after acquiring an additional 6,856 shares in the last quarter. Inceptionr LLC boosted its holdings in Constellation Brands by 125.2% during the 2nd quarter. Inceptionr LLC now owns 10,718 shares of the company’s stock valued at $1,744,000 after acquiring an additional 5,958 shares during the period. Finally, 1832 Asset Management L.P. purchased a new position in Constellation Brands during the 2nd quarter valued at about $2,057,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

Constellation Brands Price Performance

STZ stock opened at $149.92 on Thursday. The business’s 50-day moving average is $155.08 and its two-hundred day moving average is $144.68. 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 firm has a market capitalization of $26.00 billion, a P/E ratio of 23.65, a P/E/G ratio of 0.42 and a beta of 0.44. Constellation Brands Inc has a 1 year low of $126.45 and a 1 year high of $196.91.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Wednesday, January 7th. The company reported $3.06 EPS for the quarter, topping analysts’ consensus estimates of $2.63 by $0.43. The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.17 billion. Constellation Brands had a return on equity of 29.15% and a net margin of 11.08%.The business’s revenue for the quarter was down 9.8% on a year-over-year basis. During the same period in the previous year, the company posted $3.25 earnings per share. 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 fiscal year.

Constellation Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Thursday, January 29th were given a $1.02 dividend. The ex-dividend date of this dividend 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 is currently 64.35%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. UBS Group set a $168.00 price target on shares of Constellation Brands in a research note on Friday, January 9th. Citigroup raised their price objective on shares of Constellation Brands from $148.00 to $155.00 and gave the company a “neutral” rating in a research note on Friday, January 9th. Piper Sandler dropped their price objective on shares of Constellation Brands from $155.00 to $135.00 and set a “neutral” rating for the company in a report on Friday, November 21st. BMO Capital Markets reaffirmed an “outperform” rating and set a $190.00 target price on shares of Constellation Brands in a research note on Friday, January 9th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $180.00 price target on shares of Constellation Brands in a research report on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target 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.