Cim Investment Management Inc. Reduces Holdings in Constellation Brands Inc $STZ

Cim Investment Management Inc. lowered its position in Constellation Brands Inc (NYSE:STZ) by 50.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,812 shares of the company’s stock after selling 5,933 shares during the quarter. Cim Investment Management Inc.’s holdings in Constellation Brands were worth $783,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in STZ. Brighton Jones LLC grew its stake in Constellation Brands by 23.0% during the 4th quarter. Brighton Jones LLC now owns 1,001 shares of the company’s stock valued at $221,000 after purchasing an additional 187 shares in the last quarter. Woodline Partners LP purchased a new stake in Constellation Brands during the 1st quarter worth approximately $2,409,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Constellation Brands by 5.6% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 37,542 shares of the company’s stock valued at $6,107,000 after purchasing an additional 2,003 shares in the last quarter. Creative Planning raised its position in shares of Constellation Brands by 99.2% in the 2nd quarter. Creative Planning now owns 61,844 shares of the company’s stock valued at $10,061,000 after purchasing an additional 30,805 shares in the last quarter. Finally, Cetera Investment Advisers boosted its stake in shares of Constellation Brands by 7.2% during the 2nd quarter. Cetera Investment Advisers now owns 36,914 shares of the company’s stock valued at $6,005,000 after buying an additional 2,473 shares during the last quarter. 77.34% of the stock is owned by hedge funds and other institutional investors.

Constellation Brands Trading Up 0.4%

Shares of NYSE:STZ opened at $151.70 on Wednesday. The company has a quick ratio of 0.70, a current ratio of 1.34 and a debt-to-equity ratio of 1.29. The company’s 50-day moving average price is $155.80 and its 200 day moving average price is $144.27. The company has a market cap of $26.31 billion, a PE ratio of 23.93, a P/E/G ratio of 0.42 and a beta of 0.44. Constellation Brands Inc has a fifty-two week low of $126.45 and a fifty-two week high of $196.91.

Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Wednesday, January 7th. The company reported $3.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.63 by $0.43. The company had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.17 billion. Constellation Brands had a return on equity of 29.15% and a net margin of 11.08%.The company’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.25 earnings per share. Constellation Brands has set its FY 2026 guidance at 11.300-11.600 EPS. Sell-side 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 announced a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Thursday, January 29th were given a dividend of $1.02 per share. 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 payout ratio is 64.35%.

Analyst Upgrades and Downgrades

STZ has been the subject of a number of recent analyst reports. BMO Capital Markets reissued an “outperform” rating and set a $190.00 price target on shares of Constellation Brands in a research report on Friday, January 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $160.00 price target on shares of Constellation Brands in a report on Monday, December 15th. Piper Sandler decreased 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. Wells Fargo & Company set a $165.00 target price on shares of Constellation Brands in a research report on Thursday, January 8th. Finally, Barclays upped their target price on shares of Constellation Brands from $147.00 to $148.00 and gave the company an “equal weight” rating in a research note on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently 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.