Envestnet Asset Management Inc. Sells 4,172 Shares of Constellation Brands Inc $STZ

Envestnet Asset Management Inc. lowered its stake in shares of Constellation Brands Inc (NYSE:STZ) by 1.4% during the third quarter, Holdings Channel.com reports. The institutional investor owned 293,621 shares of the company’s stock after selling 4,172 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Constellation Brands were worth $39,542,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Ameriprise Financial Inc. increased its stake in shares of Constellation Brands by 650.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,769,741 shares of the company’s stock valued at $287,889,000 after acquiring an additional 1,533,961 shares during the last quarter. Norges Bank acquired a new position in Constellation Brands during the second quarter valued at approximately $239,737,000. Berkshire Hathaway Inc increased its stake in Constellation Brands by 11.6% in the second quarter. Berkshire Hathaway Inc now owns 13,400,000 shares of the company’s stock valued at $2,179,912,000 after purchasing an additional 1,391,000 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC increased its stake in Constellation Brands by 39.6% in the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 3,675,855 shares of the company’s stock valued at $597,988,000 after purchasing an additional 1,042,904 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Constellation Brands by 13.6% in the second quarter. Geode Capital Management LLC now owns 3,737,860 shares of the company’s stock worth $605,293,000 after purchasing an additional 448,259 shares during the period. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on STZ. Sanford C. Bernstein boosted their price target on shares of Constellation Brands from $195.00 to $197.00 and gave the company an “outperform” rating in a report on Friday, January 9th. Citigroup raised their price objective on Constellation Brands from $148.00 to $155.00 and gave the stock a “neutral” rating in a research note on Friday, January 9th. BMO Capital Markets reissued an “outperform” rating and issued a $190.00 target price on shares of Constellation Brands in a research note on Friday, January 9th. Weiss Ratings upgraded Constellation Brands from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, February 5th. Finally, JPMorgan Chase & Co. began coverage on Constellation Brands in a research report on Friday, November 7th. They set a “neutral” rating and a $153.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $176.91.

Constellation Brands Stock Up 1.3%

Shares of STZ stock opened at $165.68 on Wednesday. Constellation Brands Inc has a 12-month low of $126.45 and a 12-month high of $196.91. The company has a quick ratio of 0.70, a current ratio of 1.34 and a debt-to-equity ratio of 1.29. The firm has a fifty day moving average of $149.55 and a 200-day moving average of $146.73. The company has a market capitalization of $28.73 billion, a price-to-earnings ratio of 26.13, a P/E/G ratio of 0.49 and a beta of 0.44.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings data on Wednesday, January 7th. The company reported $3.06 EPS for the quarter, beating the consensus estimate of $2.63 by $0.43. The business had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.17 billion. Constellation Brands had a net margin of 11.08% and a return on equity of 29.15%. The firm’s revenue was down 9.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.25 EPS. Constellation Brands has set its FY 2026 guidance at 11.300-11.600 EPS. As a group, equities research analysts predict that Constellation Brands Inc will post 13.5 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 Thursday, February 12th. Investors of record on Thursday, January 29th will be issued a dividend of $1.02 per share. The ex-dividend date is Thursday, January 29th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.5%. Constellation Brands’s dividend payout ratio (DPR) is presently 64.35%.

Constellation Brands Company 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.