17,722 Shares in Constellation Brands Inc $STZ Purchased by Great Lakes Advisors LLC

Great Lakes Advisors LLC acquired a new stake in shares of Constellation Brands Inc (NYSE:STZ) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 17,722 shares of the company’s stock, valued at approximately $2,465,000.

Other hedge funds also recently bought and sold shares of the company. HM Payson & Co. increased its holdings in shares of Constellation Brands by 10.0% in the fourth quarter. HM Payson & Co. now owns 701 shares of the company’s stock valued at $97,000 after purchasing an additional 64 shares during the last quarter. Clearstead Trust LLC increased its stake in shares of Constellation Brands by 14.2% in the 4th quarter. Clearstead Trust LLC now owns 548 shares of the company’s stock worth $76,000 after acquiring an additional 68 shares during the last quarter. Johnson Financial Group Inc. increased its stake in shares of Constellation Brands by 24.9% in the 4th quarter. Johnson Financial Group Inc. now owns 346 shares of the company’s stock worth $48,000 after acquiring an additional 69 shares during the last quarter. HB Wealth Management LLC raised its holdings in shares of Constellation Brands by 0.7% during the 1st quarter. HB Wealth Management LLC now owns 10,795 shares of the company’s stock worth $1,619,000 after acquiring an additional 72 shares during the period. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Constellation Brands by 5.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,338 shares of the company’s stock valued at $188,000 after purchasing an additional 74 shares during the period. Institutional investors and hedge funds own 77.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on STZ. Freedom Capital downgraded 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 restated an “outperform” rating and set a $185.00 price target on shares of Constellation Brands in a report on Thursday, July 2nd. UBS Group decreased their price objective on Constellation Brands from $186.00 to $175.00 and set a “buy” rating on the stock in a report on Wednesday, June 17th. Citigroup reiterated a “buy” rating on shares of Constellation Brands in a research report on Monday, May 18th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Constellation Brands in a research report on Friday, July 31st. Eleven analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $167.53.

Constellation Brands Trading Up 1.0%

Shares of NYSE STZ opened at $135.42 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.48 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $23.13 billion, a PE ratio of 12.92, a PEG ratio of 4.17 and a beta of 1.75. Constellation Brands Inc has a twelve month low of $126.45 and a twelve month high of $168.60. The stock has a fifty day simple moving average of $135.20 and a 200-day simple moving average of $146.17.

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

Constellation Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, July 30th were paid a $1.03 dividend. The ex-dividend date was Thursday, July 30th. This represents a $4.12 annualized dividend and a dividend yield of 3.0%. Constellation Brands’s payout ratio is 39.31%.

About Constellation Brands

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.