Resona Asset Management Co. Ltd. Sells 6,195 Shares of Constellation Brands Inc $STZ

Resona Asset Management Co. Ltd. lessened its holdings in shares of Constellation Brands Inc (NYSE:STZ) by 11.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,575 shares of the company’s stock after selling 6,195 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Constellation Brands were worth $6,421,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. UniSuper Management Pty Ltd boosted its stake in Constellation Brands by 23.3% during the third quarter. UniSuper Management Pty Ltd now owns 20,340 shares of the company’s stock worth $2,739,000 after acquiring an additional 3,846 shares in the last quarter. Gibbs Wealth Management purchased a new position in shares of Constellation Brands during the third quarter valued at approximately $814,000. Westfuller Advisors LLC purchased a new position in shares of Constellation Brands during the third quarter valued at approximately $259,000. Vanguard Capital Wealth Advisors bought a new stake in shares of Constellation Brands in the 3rd quarter worth approximately $419,000. Finally, Strs Ohio grew its stake in shares of Constellation Brands by 10.6% in the 3rd quarter. Strs Ohio now owns 3,455 shares of the company’s stock worth $465,000 after buying an additional 332 shares during the last quarter. 77.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

STZ has been the subject of a number of recent research reports. Needham & Company LLC reiterated a “buy” rating and set a $180.00 price objective on shares of Constellation Brands in a research note on Tuesday, January 6th. JPMorgan Chase & Co. initiated coverage on Constellation Brands in a research report on Friday, November 7th. They issued a “neutral” rating and a $153.00 price target for the company. Citigroup upped their price target on shares of Constellation Brands from $148.00 to $155.00 and gave the stock a “neutral” rating in a research note on Friday, January 9th. Wells Fargo & Company set a $165.00 price objective on shares of Constellation Brands in a research note on Thursday, January 8th. Finally, UBS Group set a $168.00 target price on shares of Constellation Brands in a report on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Constellation Brands presently has a consensus rating of “Hold” and a consensus target price of $176.91.

Constellation Brands Stock Performance

Shares of NYSE STZ opened at $161.16 on Wednesday. The firm’s 50-day moving average price is $144.13 and its 200-day moving average price is $147.44. Constellation Brands Inc has a 52-week low of $126.45 and a 52-week high of $196.91. The company has a market cap of $27.95 billion, a PE ratio of 25.42, a PEG ratio of 0.48 and a beta of 0.45. The company has a quick ratio of 0.70, a current ratio of 1.34 and a debt-to-equity ratio of 1.29.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Wednesday, January 7th. The company reported $3.06 earnings per share for the quarter, beating analysts’ consensus estimates of $2.63 by $0.43. Constellation Brands had a net margin of 11.08% and a return on equity of 29.15%. The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter in the prior year, the firm earned $3.25 earnings per share. The firm’s revenue for the quarter was down 9.8% compared to the same quarter last year. Constellation Brands has set its FY 2026 guidance at 11.300-11.600 EPS. As a group, analysts anticipate that Constellation Brands Inc will post 13.5 EPS for the current year.

Constellation Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 12th. Investors of record on Thursday, January 29th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Thursday, January 29th. Constellation Brands’s dividend payout ratio is 64.35%.

Constellation Brands Profile

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.