Constellation Brands Inc $STZ Stock Acquired by Bokf Na

Bokf Na increased its stake in shares of Constellation Brands Inc (NYSE:STZ) by 5,480.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,041 shares of the company’s stock after buying an additional 8,879 shares during the quarter. Bokf Na’s holdings in Constellation Brands were worth $1,022,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of STZ. Nykredit A S acquired a new stake in Constellation Brands in the 2nd quarter valued at $83,687,000. Diamond Hill Capital Management LLC Investment Advisor bought a new position in shares of Constellation Brands during the second quarter valued at $31,582,000. Assenagon Asset Management S.A. boosted its stake in shares of Constellation Brands by 197.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 338,172 shares of the company’s stock valued at $47,036,000 after purchasing an additional 224,578 shares in the last quarter. Junto Capital Management LP acquired a new stake in shares of Constellation Brands in the 2nd quarter valued at $21,683,000. Finally, Bank of America Corp DE grew its holdings in shares of Constellation Brands by 9.5% in the 1st quarter. Bank of America Corp DE now owns 1,403,275 shares of the company’s stock worth $210,491,000 after purchasing an additional 121,515 shares during the last quarter. Institutional investors own 77.34% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Constellation Brands in a report on Tuesday. Needham & Company LLC cut their price target on shares of Constellation Brands from $185.00 to $150.00 and set a “buy” rating for the company in a report on Thursday, October 8th. Sanford C. Bernstein reduced their price target on shares of Constellation Brands from $197.00 to $180.00 and set an “outperform” rating on the stock in a research report on Monday, September 28th. JPMorgan Chase & Co. upped their price objective on shares of Constellation Brands from $133.00 to $136.00 and gave the stock a “neutral” rating in a research note on Thursday, October 8th. Finally, Raymond James Financial set a $150.00 price objective on shares of Constellation Brands in a report on Thursday, September 17th. Twelve investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $153.09.

Constellation Brands Trading Up 3.7%

Shares of NYSE STZ opened at $135.18 on Friday. Constellation Brands Inc has a 1-year low of $110.60 and a 1-year high of $168.60. The company has a market cap of $22.88 billion, a PE ratio of 12.12, a P/E/G ratio of 2.77 and a beta of 0.44. The company has a current ratio of 1.00, a quick ratio of 0.53 and a debt-to-equity ratio of 1.02. The company has a 50-day moving average of $125.37 and a two-hundred day moving average of $141.85.

Constellation Brands (NYSE:STZ) last announced its earnings results on Tuesday, October 6th. The company reported $3.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.62 by $0.12. Constellation Brands had a net margin of 19.57% and a return on equity of 24.75%. The company had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.54 billion. During the same period in the prior year, the business earned $3.63 earnings per share. Constellation Brands’s quarterly revenue was up 6.1% on a year-over-year basis. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. As a group, equities analysts expect that Constellation Brands Inc will post 11.85 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be issued a dividend of $1.03 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $4.12 annualized dividend and a yield of 3.0%. Constellation Brands’s dividend payout ratio is currently 36.95%.

About Constellation Brands

Constellation Brands, Inc is a beverage alcohol company that develops, produces, markets and distributes beer, wine and spirits. Its beer portfolio includes Modelo Especial, Corona Extra, Corona Light, Pacifico and Victoria, while its wine and spirits brands include Robert Mondavi, Kim Crawford, Meiomi, The Prisoner Wine Company, Simi, Ruffino, High West and Casa Noble.

The company’s beer business is primarily focused on the United States, where Constellation markets and distributes several leading Mexican beer brands under license from Grupo Modelo.