Constellation Brands Inc $STZ Shares Bought by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. lifted its position in Constellation Brands Inc (NYSE:STZ) by 418.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 49,855 shares of the company’s stock after acquiring an additional 40,239 shares during the period. Jefferies Financial Group Inc.’s holdings in Constellation Brands were worth $5,637,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in STZ. Chicago Partners Investment Group LLC lifted its position in shares of Constellation Brands by 4.3% in the 1st quarter. Chicago Partners Investment Group LLC now owns 1,888 shares of the company’s stock valued at $296,000 after acquiring an additional 77 shares in the last quarter. SBI Securities Co. Ltd. boosted its stake in Constellation Brands by 13.7% in the 3rd quarter. SBI Securities Co. Ltd. now owns 654 shares of the company’s stock worth $74,000 after purchasing an additional 79 shares during the period. Shayne & Jacobs LLC boosted its stake in Constellation Brands by 4.9% in the 3rd quarter. Shayne & Jacobs LLC now owns 1,940 shares of the company’s stock worth $219,000 after purchasing an additional 90 shares during the period. Tompkins Financial Corp grew its position in Constellation Brands by 2.6% during the 3rd quarter. Tompkins Financial Corp now owns 3,745 shares of the company’s stock worth $423,000 after purchasing an additional 95 shares in the last quarter. Finally, Investors Asset Management of Georgia Inc. GA ADV grew its position in Constellation Brands by 5.4% during the 3rd quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 1,921 shares of the company’s stock worth $217,000 after purchasing an additional 99 shares in the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.

Constellation Brands Trading Up 0.3%

NYSE:STZ opened at $144.52 on Friday. Constellation Brands Inc has a 12 month low of $110.60 and a 12 month high of $168.60. The firm has a market cap of $24.46 billion, a price-to-earnings ratio of 12.96, a P/E/G ratio of 2.95 and a beta of 0.39. The company has a quick ratio of 0.53, a current ratio of 1.00 and a debt-to-equity ratio of 1.02. The company’s 50 day moving average is $127.28 and its 200-day moving average is $141.13.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings data 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. Constellation Brands had a net margin of 19.57% and a return on equity of 24.75%. The business had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.54 billion. During the same period in the prior year, the firm earned $3.63 EPS. Constellation Brands’s quarterly revenue was up 6.1% compared to the same quarter last year. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. Equities analysts anticipate that Constellation Brands Inc will post 11.85 EPS for the current year.

Constellation Brands Announces Dividend

The company also recently declared 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. This represents a $4.12 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Friday, October 30th. Constellation Brands’s dividend payout ratio is 36.95%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Piper Sandler set a $125.00 target price on Constellation Brands in a report on Thursday, October 8th. Weiss Ratings lowered Constellation Brands from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, October 8th. Royal Bank Of Canada reissued an “outperform” rating on shares of Constellation Brands in a research note on Tuesday, October 27th. Needham & Company LLC decreased their price objective 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. Finally, TD Cowen decreased their price objective on Constellation Brands from $174.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, September 17th. Twelve equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, Constellation Brands presently has an average rating of “Hold” and an average price target of $154.09.

Insider Transactions at Constellation Brands

In related news, EVP Samuel Glaetzer sold 750 shares of the stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $145.66, for a total transaction of $109,245.00. Following the completion of the sale, the executive vice president owned 3,783 shares in the company, valued at $551,031.78. This represents a 16.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 12.20% of the stock is owned by company insiders.

Constellation Brands 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.