Constellation Brands Inc $STZ Shares Sold by Heritage Investors Management Corp

Heritage Investors Management Corp reduced its stake in shares of Constellation Brands Inc (NYSE:STZ) by 9.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 105,986 shares of the company’s stock after selling 10,917 shares during the quarter. Heritage Investors Management Corp owned 0.06% of Constellation Brands worth $11,983,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Ables Iannone Moore & Associates Inc. lifted its stake in shares of Constellation Brands by 105.2% in the third quarter. Ables Iannone Moore & Associates Inc. now owns 16,904 shares of the company’s stock valued at $1,911,000 after buying an additional 8,667 shares during the period. Ally Financial Inc. acquired a new stake in Constellation Brands during the second quarter worth about $1,600,000. Diamond Hill Capital Management LLC Investment Advisor bought a new position in Constellation Brands during the second quarter valued at about $31,582,000. Junto Capital Management LP bought a new position in Constellation Brands during the second quarter valued at about $21,683,000. Finally, Concurrent Investment Advisors LLC raised its holdings 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 acquiring an additional 26,286 shares in the last quarter. 77.34% of the stock is owned by institutional investors.

Constellation Brands Trading Down 0.1%

Shares of STZ stock opened at $135.18 on Monday. The company has a market capitalization of $22.88 billion, a P/E ratio of 12.12, a P/E/G ratio of 2.77 and a beta of 0.39. Constellation Brands Inc has a 12-month low of $110.60 and a 12-month high of $168.60. The company has a quick ratio of 0.53, a current ratio of 1.00 and a debt-to-equity ratio of 1.02. The firm has a 50-day moving average price of $125.37 and a 200 day moving average price of $141.85.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Tuesday, October 6th. The company reported $3.74 earnings per share for the quarter, topping the consensus estimate of $3.62 by $0.12. The firm had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.54 billion. Constellation Brands had a net margin of 19.57% and a return on equity of 24.75%. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.63 earnings per share. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. Research analysts forecast that Constellation Brands Inc will post 11.85 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Friday, October 30th. Constellation Brands’s dividend payout ratio (DPR) is currently 36.95%.

Analyst Ratings Changes

A number of brokerages have commented on STZ. Piper Sandler set a $125.00 price objective on Constellation Brands in a research report on Thursday, October 8th. Morgan Stanley reissued a “negative” rating and set a $145.00 price objective (down from $158.00) on shares of Constellation Brands in a report on Thursday, October 8th. BMO Capital Markets restated an “outperform” rating on shares of Constellation Brands in a research report on Thursday, October 8th. Deutsche Bank Aktiengesellschaft cut their target price on Constellation Brands from $136.00 to $127.00 and set a “hold” rating for the company in a research note on Thursday, October 8th. Finally, UBS Group reduced their target price on Constellation Brands from $145.00 to $144.00 and set a “buy” rating for the company in a research report on Thursday, October 8th. Twelve equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $153.09.

Constellation Brands Company Profile

Constellation Brands, Inc is a beverage alcohol company that develops, produces, markets and distributes beer, wine and spirits. Its beer portfolio includes Modelo Especial, Corona Extra, Corona Light, Pacifico and Victoria, while its wine and spirits brands include Robert Mondavi, Kim Crawford, Meiomi, The Prisoner Wine Company, Simi, Ruffino, High West and Casa Noble.

The company’s beer business is primarily focused on the United States, where Constellation markets and distributes several leading Mexican beer brands under license from Grupo Modelo.