Cetera Investment Advisers Raises Position in Constellation Brands Inc $STZ

Cetera Investment Advisers lifted its stake in Constellation Brands Inc (NYSE:STZ) by 10.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,364 shares of the company’s stock after purchasing an additional 6,522 shares during the period. Cetera Investment Advisers’ holdings in Constellation Brands were worth $10,555,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of STZ. Capital World Investors grew its holdings in Constellation Brands by 8.3% during the fourth quarter. Capital World Investors now owns 7,238,575 shares of the company’s stock valued at $998,740,000 after purchasing an additional 553,974 shares during the period. State Street Corp lifted its position in shares of Constellation Brands by 5.0% during the 4th quarter. State Street Corp now owns 6,911,369 shares of the company’s stock valued at $953,492,000 after buying an additional 329,337 shares in the last quarter. Capital International Investors grew its stake in shares of Constellation Brands by 48.5% during the 4th quarter. Capital International Investors now owns 6,442,600 shares of the company’s stock valued at $888,930,000 after acquiring an additional 2,105,546 shares during the period. Wellington Management Group LLP increased its holdings in Constellation Brands by 14.0% in the 4th quarter. Wellington Management Group LLP now owns 6,018,653 shares of the company’s stock worth $830,333,000 after acquiring an additional 739,393 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Constellation Brands by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 3,739,549 shares of the company’s stock worth $513,871,000 after acquiring an additional 54,184 shares in the last quarter. 77.34% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. BMO Capital Markets reiterated an “outperform” rating and issued a $190.00 price target on shares of Constellation Brands in a research report on Thursday, July 2nd. Freedom Capital cut shares of Constellation Brands from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 1st. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $185.00 target price on shares of Constellation Brands in a report on Thursday, July 2nd. Needham & Company LLC reissued a “buy” rating and set a $185.00 price target on shares of Constellation Brands in a report on Thursday, July 2nd. Finally, Piper Sandler restated a “neutral” rating and issued a $160.00 price objective on shares of Constellation Brands in a research report on Wednesday, July 1st. Eleven investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Constellation Brands currently has a consensus rating of “Hold” and a consensus price target of $167.53.

Insider Buying and Selling at Constellation Brands

In other news, EVP James O. Bourdeau sold 4,407 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $143.24, for a total value of $631,258.68. Following the sale, the executive vice president directly owned 9,109 shares in the company, valued at $1,304,773.16. The trade was a 32.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 12.20% of the stock is currently owned by company insiders.

Constellation Brands Stock Performance

STZ opened at $130.38 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.48 and a current ratio of 0.91. The stock has a market capitalization of $22.27 billion, a price-to-earnings ratio of 12.44, a PEG ratio of 4.10 and a beta of 0.39. The company has a fifty day moving average of $138.03 and a 200 day moving average of $148.88. Constellation Brands Inc has a fifty-two week low of $126.45 and a fifty-two week high of $174.32.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings results on Tuesday, June 30th. The company reported $3.43 EPS for the quarter, missing the consensus estimate of $3.70 by ($0.27). The company had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.39 billion. Constellation Brands had a return on equity of 25.58% and a net margin of 18.87%.The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.22 EPS. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. As a group, sell-side analysts forecast that Constellation Brands Inc will post 11.84 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Thursday, July 30th will be paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Thursday, July 30th. Constellation Brands’s dividend payout ratio (DPR) is presently 39.31%.

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.