Constellation Brands Inc $STZ Position Cut by Narwhal Capital Management

Narwhal Capital Management cut its position in Constellation Brands Inc (NYSE:STZ) by 17.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,353 shares of the company’s stock after selling 3,861 shares during the period. Narwhal Capital Management’s holdings in Constellation Brands were worth $2,075,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its position in Constellation Brands by 5.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,826,652 shares of the company’s stock valued at $274,029,000 after acquiring an additional 88,538 shares in the last quarter. Bank of America Corp DE increased its holdings in Constellation Brands by 9.5% during the 1st quarter. Bank of America Corp DE now owns 1,403,275 shares of the company’s stock worth $210,491,000 after purchasing an additional 121,515 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Constellation Brands by 4.0% during the 1st quarter. Bank of New York Mellon Corp now owns 1,042,651 shares of the company’s stock worth $156,398,000 after purchasing an additional 40,124 shares in the last quarter. Empyrean Capital Partners LP increased its holdings in Constellation Brands by 3.3% during the 1st quarter. Empyrean Capital Partners LP now owns 606,200 shares of the company’s stock worth $90,930,000 after purchasing an additional 19,500 shares in the last quarter. Finally, Janus Henderson Group PLC raised its stake in shares of Constellation Brands by 5.7% in the 1st quarter. Janus Henderson Group PLC now owns 585,891 shares of the company’s stock valued at $87,884,000 after purchasing an additional 31,749 shares during the period. 77.34% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on STZ shares. Barclays cut their price target 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. Jefferies Financial Group reiterated a “hold” rating and set a $142.00 price objective on shares of Constellation Brands in a report on Monday, November 2nd. Deutsche Bank Aktiengesellschaft dropped their target price on Constellation Brands from $136.00 to $127.00 and set a “hold” rating on the stock in a research report on Thursday, October 8th. Needham & Company LLC cut their target price on Constellation Brands from $185.00 to $150.00 and set a “buy” rating on the stock in a research note on Thursday, October 8th. Finally, Piper Sandler set a $125.00 price target on Constellation Brands in a research report on Thursday, October 8th. Twelve equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $154.09.

Constellation Brands Stock Down 0.1%

STZ opened at $145.41 on Wednesday. Constellation Brands Inc has a 1-year low of $110.60 and a 1-year high of $168.60. The stock’s fifty day simple moving average is $126.70 and its 200 day simple moving average is $141.29. The company has a current ratio of 1.00, a quick ratio of 0.53 and a debt-to-equity ratio of 1.02. The stock has a market cap of $24.61 billion, a PE ratio of 12.00, a price-to-earnings-growth ratio of 2.98 and a beta of 0.39.

Constellation Brands (NYSE:STZ) last announced its earnings results on Tuesday, October 6th. The company reported $3.74 EPS for the quarter, topping the consensus estimate of $3.62 by $0.12. Constellation Brands had a net margin of 19.57% and a return on equity of 24.75%. The business had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.54 billion. During the same quarter in the previous year, the firm posted $3.63 EPS. Constellation Brands’s revenue was up 6.1% compared to the same quarter last year. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. As a group, research analysts expect that Constellation Brands Inc will post 11.85 earnings per share for the current year.

Constellation Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be issued a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Friday, October 30th. Constellation Brands’s dividend payout ratio (DPR) is currently 36.95%.

About Constellation Brands

Constellation Brands is a beverage alcohol company focused on beer, wine and spirits. Its beer portfolio includes Modelo Especial, Corona Extra and Pacifico, which it markets in the United States under its agreement with Grupo Modelo. The company also owns premium wine and spirits brands, including Robert Mondavi Winery and The Prisoner Wine Company. Its products reach consumers primarily in the United States, with operations and distribution extending to other markets. Founded in 1945 as Canandaigua Wine Company in New York, the business grew through brand development and acquisitions before adopting the Constellation Brands name.