Constellation Brands Inc $STZ Shares Acquired by Ables Iannone Moore & Associates Inc.

Ables Iannone Moore & Associates Inc. increased its position in shares of Constellation Brands Inc (NYSE:STZ) by 105.2% during the third quarter, Holdings Channel reports. The institutional investor owned 16,904 shares of the company’s stock after buying an additional 8,667 shares during the quarter. Constellation Brands comprises about 1.0% of Ables Iannone Moore & Associates Inc.’s portfolio, making the stock its 18th largest holding. Ables Iannone Moore & Associates Inc.’s holdings in Constellation Brands were worth $1,911,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Ally Financial Inc. acquired a new stake in shares of Constellation Brands in the second quarter valued at approximately $1,600,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in shares of Constellation Brands in the 2nd quarter valued at $31,582,000. Concurrent Investment Advisors LLC raised its position in Constellation Brands by 1,613.6% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 27,915 shares of the company’s stock valued at $3,883,000 after purchasing an additional 26,286 shares during the last quarter. Amundi raised its position in Constellation Brands by 15.1% in the 1st quarter. Amundi now owns 412,470 shares of the company’s stock valued at $61,870,000 after purchasing an additional 54,158 shares during the last quarter. Finally, CORDA Investment Management LLC. boosted its stake in shares of Constellation Brands by 12.6% during the first quarter. CORDA Investment Management LLC. now owns 140,050 shares of the company’s stock worth $21,008,000 after buying an additional 15,694 shares during the period. Institutional investors and hedge funds own 77.34% of the company’s stock.

Key Constellation Brands News

Here are the key news stories impacting Constellation Brands this week:

• Positive Sentiment: Constellation trades at its cheapest valuation in more than a decade, which may attract value-oriented investors ahead of earnings. Investors will focus on beer demand, particularly Corona and Modelo, as well as margins and management’s full-year outlook. STZ Stock Ticks Higher Premarket
• Positive Sentiment: The company’s roughly 3.6% dividend yield may appeal to income investors, with coverage of the upcoming earnings report highlighting the potential for quarterly dividend income. How To Earn $500 a Month From Constellation Brands Stock
• Neutral Sentiment: Wells Fargo lowered its price target from $170 to $140 but retained an “overweight” rating. The new target still implies substantial upside from recent levels, indicating a constructive long-term view despite reduced expectations. Constellation Brands Price Target Cut by Wells Fargo
• Neutral Sentiment: Broader U.S. stock futures were higher, creating a generally supportive market backdrop, although investors remained focused on economic data, Gulf oil flows, and Constellation’s pending results. Wall Street Futures Edge Higher Ahead of Constellation Brands Earnings
• Negative Sentiment: STZ recently fell to an 11-year low, prompting one market commentator to warn that investors could be “catching a falling knife.” Weak sales trends, compressed profits, or a cautious outlook could therefore trigger renewed selling after the report. Constellation Brands Q2 Preview

Constellation Brands Price Performance

STZ stock traded up $3.05 on Tuesday, reaching $116.36. 1,328,045 shares of the company’s stock were exchanged, compared to its average volume of 2,217,685. The stock has a fifty day moving average of $126.62 and a 200-day moving average of $138.90. Constellation Brands Inc has a twelve month low of $110.60 and a twelve month high of $168.60. The firm has a market cap of $19.87 billion, a PE ratio of 11.09, a P/E/G ratio of 2.24 and a beta of 0.44. The company has a quick ratio of 0.48, a current ratio of 0.91 and a debt-to-equity ratio of 1.06.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on STZ shares. Evercore set a $160.00 price target on Constellation Brands in a research report on Monday, September 21st. Barclays dropped their target price on Constellation Brands from $132.00 to $122.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 22nd. Sanford C. Bernstein lowered their price objective on shares of Constellation Brands from $197.00 to $180.00 and set an “outperform” rating on the stock in a research report on Monday, September 28th. Weiss Ratings restated a “hold (c-)” rating on shares of Constellation Brands in a research report on Friday, July 31st. Finally, BNP Paribas Exane reduced their target price on shares of Constellation Brands from $115.00 to $110.00 and set an “underperform” rating for the company in a research note on Monday, September 21st. Eleven analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $157.40.

Constellation Brands Profile

Constellation Brands, Inc is a beverage alcohol company that develops, markets and distributes beer, wine and spirits. Its portfolio includes well-known beer brands such as Modelo Especial, Corona Extra, Corona Light and Pacifico, along with wine brands including Robert Mondavi, Kim Crawford, Meiomi, The Prisoner Wine Company and Ruffino.

The company also offers spirits through brands such as Casa Noble tequila and High West whiskey. Constellation’s products are sold through retailers, distributors, restaurants and other on-premise locations, with a primary focus on the United States.