Canandaigua National Bank & Trust Co. Cuts Stake in Constellation Brands Inc $STZ

Canandaigua National Bank & Trust Co. lessened its holdings in Constellation Brands Inc (NYSE:STZ) by 19.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,512 shares of the company’s stock after selling 7,980 shares during the period. Canandaigua National Bank & Trust Co.’s holdings in Constellation Brands were worth $3,789,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. MV Capital Management Inc. bought a new position in Constellation Brands during the fourth quarter valued at about $26,000. Cedar Mountain Advisors LLC acquired a new stake in shares of Constellation Brands in the first quarter worth about $33,000. Root Financial Partners LLC boosted its stake in shares of Constellation Brands by 231.3% during the 1st quarter. Root Financial Partners LLC now owns 222 shares of the company’s stock worth $33,000 after acquiring an additional 155 shares in the last quarter. Continuum Advisory LLC acquired a new position in shares of Constellation Brands during the 2nd quarter valued at about $33,000. Finally, Ascentis Independent Advisors acquired a new position in shares of Constellation Brands during the 1st quarter valued at about $37,000. 77.34% of the stock is currently owned by institutional investors.

Constellation Brands Stock Performance

NYSE:STZ traded up $2.48 during mid-day trading on Wednesday, hitting $118.15. 6,338,785 shares of the company’s stock traded hands, compared to its average volume of 2,264,176. The firm has a market capitalization of $20.18 billion, a price-to-earnings ratio of 11.27, a price-to-earnings-growth ratio of 2.25 and a beta of 1.75. The firm has a 50 day moving average of $126.30 and a two-hundred day moving average of $138.65. The company has a current ratio of 0.91, a quick ratio of 0.48 and a debt-to-equity ratio of 1.06. Constellation Brands Inc has a 12 month low of $110.60 and a 12 month high of $168.60.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings results on Tuesday, October 6th. The company reported $3.74 EPS for the quarter, topping the consensus estimate of $3.55 by $0.19. Constellation Brands had a return on equity of 25.58% and a net margin of 18.87%.The company had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.54 billion. During the same period in the previous year, the business posted $3.63 EPS. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. On average, equities analysts forecast that Constellation Brands Inc will post 11.81 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be given a dividend of $1.03 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $4.12 dividend on an annualized basis and a yield of 3.5%. Constellation Brands’s payout ratio is 39.31%.

Constellation Brands News Roundup

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

• Positive Sentiment: Constellation reported adjusted EPS of $3.74 and revenue of $2.633 billion, exceeding estimates of $3.55 and $2.54 billion, respectively. Revenue increased 6.1% year over year, helped by higher beer shipments and stronger wine and spirits sales. Constellation Brands Says Beer Sales Grew 3X Faster than Nearest Peer
• Positive Sentiment: Beer sales grew 5%, while wine and spirits revenue rose 17%. Pacifico, Victoria and Modelo Chelada helped offset weaker volumes for Modelo Especial and Corona Extra, suggesting some brands are gaining traction. Constellation Brands Profit Rises on Higher Beer, Spirits Sales
• Positive Sentiment: The acquisition of SpikedAde for $75 million at closing, plus potential contingent payments, expands STZ into the fast-growing spirit-based ready-to-drink category. The company also maintained its full-year profit framework and declared a $1.03 quarterly dividend, equivalent to a 3.5% yield based on the supplied stock data. Constellation Brands Announces Acquisition of SpikedAde
• Neutral Sentiment: Strong year-to-date operating cash flow and approximately $1.1 billion of free cash flow provide financial flexibility, although institutional positioning was mixed, with more investors reducing holdings than adding them in the latest reported quarter.
• Negative Sentiment: Investors focused on the durability of demand: Modelo Especial depletions fell about 2% and Corona Extra declined about 5%. Analysts said the beer turnaround remains unproven as consumers continue to show cautious spending behavior. Constellation Brands Stock Sinks as Beer Sales Demand Faces Durability Question
• Negative Sentiment: Morgan Stanley warned of second-half margin pressure, while Bank of America cut its price target because flagship-brand weakness could persist. The full-year EPS range of $11.20-$11.90 was viewed as cautious relative to consensus, limiting the benefit of the quarterly beat. Morgan Stanley Flags Second-Half Margin Pressure
• Negative Sentiment: Investors also remain concerned that Constellation previously spent $5.4 billion on buybacks at an average price of $214 per share, well above current levels, raising questions about capital-allocation timing.

Analyst Ratings Changes

Several equities research analysts recently weighed in on STZ shares. Royal Bank Of Canada restated an “outperform” rating and issued a $185.00 target price on shares of Constellation Brands in a report on Friday, October 2nd. TD Cowen lowered their price target on Constellation Brands from $174.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday, September 17th. UBS Group dropped their price target on shares of Constellation Brands from $168.00 to $145.00 and set a “buy” rating on the stock in a research report on Wednesday, September 23rd. Citigroup reaffirmed a “negative” rating on shares of Constellation Brands in a report on Wednesday. Finally, Morgan Stanley lowered their target price on shares of Constellation Brands from $183.00 to $158.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 2nd. Eleven research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Constellation Brands presently has a consensus rating of “Hold” and an average price target of $157.29.

About Constellation Brands

Constellation Brands, Inc is a beverage alcohol company that develops, markets and distributes beer, wine and spirits. Its portfolio includes well-known beer brands such as Modelo Especial, Corona Extra, Corona Light and Pacifico, along with wine brands including Robert Mondavi, Kim Crawford, Meiomi, The Prisoner Wine Company and Ruffino.

The company also offers spirits through brands such as Casa Noble tequila and High West whiskey. Constellation’s products are sold through retailers, distributors, restaurants and other on-premise locations, with a primary focus on the United States.