5,835 Shares in Constellation Brands Inc $STZ Purchased by Sage Investment Counsel LLC

Sage Investment Counsel LLC acquired a new stake in shares of Constellation Brands Inc (NYSE:STZ) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 5,835 shares of the company’s stock, valued at approximately $786,000.

Several other institutional investors have also recently made changes to their positions in the company. AlphaQuest LLC raised its holdings in Constellation Brands by 350.7% in the second quarter. AlphaQuest LLC now owns 5,178 shares of the company’s stock worth $842,000 after buying an additional 4,029 shares during the last quarter. Arlington Partners LLC bought a new stake in shares of Constellation Brands during the second quarter valued at approximately $2,333,000. 49 Wealth Management LLC purchased a new position in Constellation Brands in the 2nd quarter worth approximately $373,000. Heritage Investors Management Corp lifted its position in Constellation Brands by 6.2% in the 2nd quarter. Heritage Investors Management Corp now owns 146,827 shares of the company’s stock valued at $23,886,000 after acquiring an additional 8,613 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in Constellation Brands by 969.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 83,656 shares of the company’s stock valued at $13,609,000 after purchasing an additional 75,834 shares during the last quarter. Institutional investors own 77.34% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on STZ. JPMorgan Chase & Co. began coverage on Constellation Brands in a research note on Friday, November 7th. They issued a “neutral” rating and a $153.00 price target for the company. Piper Sandler decreased their target price on Constellation Brands from $155.00 to $135.00 and set a “neutral” rating for the company in a research report on Friday, November 21st. Barclays lowered their target price on shares of Constellation Brands from $150.00 to $147.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 9th. Needham & Company LLC reiterated a “buy” rating and issued a $180.00 price target on shares of Constellation Brands in a research note on Wednesday, October 8th. Finally, Wells Fargo & Company dropped their target price on shares of Constellation Brands from $170.00 to $155.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, Constellation Brands has an average rating of “Hold” and an average price target of $181.96.

Constellation Brands Trading Up 2.3%

Shares of STZ stock opened at $141.11 on Friday. Constellation Brands Inc has a 1 year low of $126.45 and a 1 year high of $228.89. The firm has a fifty day moving average price of $136.06 and a 200-day moving average price of $149.09. The company has a market cap of $24.70 billion, a price-to-earnings ratio of 20.60, a PEG ratio of 0.41 and a beta of 0.45. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.08 and a quick ratio of 0.54.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings results on Thursday, February 23rd. The company reported $3.12 EPS for the quarter. Constellation Brands had a return on equity of 29.82% and a net margin of 11.88%.The business had revenue of $2.32 billion during the quarter. As a group, equities analysts predict that Constellation Brands Inc will post 13.5 earnings per share for the current year.

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.