Western Wealth Management LLC Takes Position in Constellation Brands Inc $STZ

Western Wealth Management LLC purchased a new stake in shares of Constellation Brands Inc (NYSE:STZ) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 7,519 shares of the company’s stock, valued at approximately $1,128,000.

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

Constellation Brands Trading Down 0.3%

STZ opened at $133.59 on Thursday. The stock’s fifty day moving average is $136.26 and its two-hundred day moving average is $147.27. The company has a market capitalization of $22.81 billion, a P/E ratio of 12.75, a PEG ratio of 4.17 and a beta of 1.75. Constellation Brands Inc has a 52 week low of $126.45 and a 52 week high of $171.18. The company has a quick ratio of 0.48, a current ratio of 0.91 and a debt-to-equity ratio of 1.06.

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

Constellation Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Thursday, July 30th will be issued a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Thursday, July 30th. Constellation Brands’s payout ratio is presently 39.31%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. BMO Capital Markets reissued an “outperform” rating and set a $190.00 price target on shares of Constellation Brands in a research note on Thursday, July 2nd. Jefferies Financial Group set a $147.00 target price on Constellation Brands in a research report on Thursday, July 2nd. Wells Fargo & Company lowered their target price on shares of Constellation Brands from $185.00 to $170.00 and set an “overweight” rating for the company in a research note on Monday, June 29th. Piper Sandler restated a “neutral” rating and issued a $160.00 price target on shares of Constellation Brands in a report on Wednesday, July 1st. Finally, Freedom Capital downgraded shares of Constellation Brands from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 1st. Eleven research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Constellation Brands presently has an average rating of “Hold” and a consensus target price of $167.53.

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.