Great Lakes Advisors LLC Makes New $1.02 Million Investment in Constellation Brands Inc $STZ

Great Lakes Advisors LLC bought a new position in Constellation Brands Inc (NYSE:STZ) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 7,304 shares of the company’s stock, valued at approximately $1,016,000.

Other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC lifted its holdings in shares of Constellation Brands by 23.0% in the 4th quarter. Brighton Jones LLC now owns 1,001 shares of the company’s stock valued at $221,000 after acquiring an additional 187 shares during the last quarter. Woodline Partners LP bought a new stake in Constellation Brands during the first quarter worth approximately $2,409,000. Cary Street Partners Financial LLC increased its stake in Constellation Brands by 69.9% during the second quarter. Cary Street Partners Financial LLC now owns 1,026 shares of the company’s stock worth $167,000 after acquiring an additional 422 shares during the last quarter. Bank of Nova Scotia lifted its stake in shares of Constellation Brands by 3.6% in the 2nd quarter. Bank of Nova Scotia now owns 17,347 shares of the company’s stock valued at $2,822,000 after purchasing an additional 599 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its stake in shares of Constellation Brands by 5.0% in the 2nd quarter. Daiwa Securities Group Inc. now owns 23,732 shares of the company’s stock valued at $3,861,000 after purchasing an additional 1,127 shares during the last quarter. 77.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on STZ shares. Morgan Stanley dropped their target price on Constellation Brands from $183.00 to $158.00 and set an “equal weight” rating for the company in a report on Thursday, July 2nd. Citigroup restated a “buy” rating on shares of Constellation Brands in a report on Monday, May 18th. JPMorgan Chase & Co. lowered their price target on Constellation Brands from $169.00 to $165.00 and set a “neutral” rating for the company in a research report on Thursday, July 2nd. Bank of America dropped their price objective on shares of Constellation Brands from $152.00 to $145.00 and set an “underperform” rating for the company in a research note on Thursday, July 2nd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $185.00 price objective on shares of Constellation Brands in a research report on Thursday, July 2nd. Eleven equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $167.53.

Constellation Brands Trading Up 1.0%

STZ stock opened at $135.42 on Friday. The company has a market capitalization of $23.13 billion, a PE ratio of 12.92, a P/E/G ratio of 4.22 and a beta of 0.40. Constellation Brands Inc has a 12 month low of $126.45 and a 12 month high of $168.60. The firm’s 50-day moving average is $135.20 and its 200 day moving average is $146.17. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.91 and a quick ratio of 0.48.

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

Constellation Brands Announces Dividend

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

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.