4,113 Shares of Constellation Brands Inc $STZ Purchased by Hohimer Wealth Management LLC

Hohimer Wealth Management LLC purchased a new position in shares of Constellation Brands Inc (NYSE:STZ) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 4,113 shares of the company’s stock, valued at approximately $465,000.

A number of other hedge funds have also recently added to or reduced their stakes in STZ. Nykredit A S bought a new position in shares of Constellation Brands in the second quarter worth about $83,687,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in shares of Constellation Brands in the second quarter valued at approximately $31,582,000. Assenagon Asset Management S.A. increased its holdings in shares of Constellation Brands by 197.7% in the second 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 second quarter valued at approximately $21,683,000. Finally, Bank of America Corp DE raised its position in 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 Upgrades and Downgrades

Several research analysts have issued reports on STZ shares. Citigroup reaffirmed a “negative” rating on shares of Constellation Brands in a report on Wednesday, October 7th. The Goldman Sachs Group set a $155.00 target price on Constellation Brands in a research note on Wednesday, October 7th. Needham & Company LLC dropped their target price on Constellation Brands from $185.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, October 8th. UBS Group cut their price target on Constellation Brands from $145.00 to $144.00 and set a “buy” rating on the stock in a research note on Thursday, October 8th. Finally, Raymond James Financial set a $150.00 price target on Constellation Brands in a research note on Thursday, September 17th. Twelve investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $154.09.

Constellation Brands Stock Performance

Shares of Constellation Brands stock opened at $145.26 on Tuesday. The firm has a fifty day moving average of $126.41 and a two-hundred day moving average of $141.37. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.53 and a current ratio of 1.00. The stock has a market capitalization of $24.58 billion, a price-to-earnings ratio of 11.99, a PEG ratio of 2.98 and a beta of 0.39. Constellation Brands Inc has a 52 week low of $110.60 and a 52 week high of $168.60.

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

Constellation Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be paid a $1.03 dividend. The ex-dividend date of this dividend is Friday, October 30th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.8%. Constellation Brands’s dividend payout ratio is 36.95%.

Constellation Brands Company Profile

Constellation Brands is a beverage alcohol company focused on beer, wine and spirits. Its beer portfolio includes Modelo Especial, Corona Extra and Pacifico, which it markets in the United States under its agreement with Grupo Modelo.

The company also owns premium wine and spirits brands, including Robert Mondavi Winery and The Prisoner Wine Company. Its products reach consumers primarily in the United States, with operations and distribution extending to other markets.

Founded in 1945 as Canandaigua Wine Company in New York, the business grew through brand development and acquisitions before adopting the Constellation Brands name.