Great Lakes Advisors LLC Reduces Stock Position in Constellation Brands Inc $STZ

Great Lakes Advisors LLC lessened its holdings in shares of Constellation Brands Inc (NYSE:STZ) by 87.2% during the third quarter, Holdings Channel reports. The firm owned 27,224 shares of the company’s stock after selling 185,683 shares during the quarter. Great Lakes Advisors LLC’s holdings in Constellation Brands were worth $3,666,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Gilbert & Cook Inc. increased its stake in shares of Constellation Brands by 2.6% during the second quarter. Gilbert & Cook Inc. now owns 2,385 shares of the company’s stock valued at $388,000 after buying an additional 60 shares during the period. Private Trust Co. NA boosted its holdings in Constellation Brands by 0.7% in the third quarter. Private Trust Co. NA now owns 11,001 shares of the company’s stock valued at $1,481,000 after acquiring an additional 75 shares in the last quarter. Rise Advisors LLC increased its position in Constellation Brands by 8.8% during the 3rd quarter. Rise Advisors LLC now owns 937 shares of the company’s stock valued at $126,000 after purchasing an additional 76 shares during the period. RNC Capital Management LLC raised its holdings in Constellation Brands by 0.6% in the 2nd quarter. RNC Capital Management LLC now owns 13,561 shares of the company’s stock worth $2,206,000 after purchasing an additional 77 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its holdings in Constellation Brands by 2.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 3,113 shares of the company’s stock worth $419,000 after purchasing an additional 79 shares in the last quarter. Institutional investors own 77.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on STZ. Morgan Stanley reduced their price target on shares of Constellation Brands from $176.00 to $160.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Constellation Brands in a report on Monday, December 29th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $160.00 target price on shares of Constellation Brands in a research report on Monday, December 15th. BMO Capital Markets restated an “outperform” rating and set a $190.00 price target on shares of Constellation Brands in a research report on Friday, January 9th. Finally, JPMorgan Chase & Co. began coverage on Constellation Brands in a report on Friday, November 7th. They issued a “neutral” rating and a $153.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Constellation Brands presently has an average rating of “Hold” and an average price target of $176.91.

Constellation Brands Stock Performance

Constellation Brands stock opened at $156.64 on Friday. Constellation Brands Inc has a twelve month low of $126.45 and a twelve 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 company has a market capitalization of $27.16 billion, a P/E ratio of 24.71, a PEG ratio of 0.46 and a beta of 0.45. The stock’s 50 day moving average is $145.64 and its 200 day moving average is $147.50.

Constellation Brands (NYSE:STZ) last released its earnings results on Wednesday, January 7th. The company reported $3.06 EPS for the quarter, topping the consensus estimate of $2.63 by $0.43. Constellation Brands had a return on equity of 29.15% and a net margin of 11.08%.The business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the previous year, the company posted $3.25 earnings per share. The company’s revenue for the quarter was down 9.8% compared to the same quarter last year. Constellation Brands has set its FY 2026 guidance at 11.300-11.600 EPS. On average, 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. Shareholders of record on Thursday, January 29th will be paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Thursday, January 29th. Constellation Brands’s dividend payout ratio (DPR) is currently 64.35%.

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.