Constellation Brands Inc $STZ Stock: Nisa Investment Advisors LLC Lowers Position

Nisa Investment Advisors LLC decreased its holdings in shares of Constellation Brands Inc (NYSE:STZ) by 9.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,819 shares of the company’s stock after selling 5,532 shares during the period. Nisa Investment Advisors LLC’s holdings in Constellation Brands were worth $5,972,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in shares of Constellation Brands by 5.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,826,652 shares of the company’s stock worth $274,029,000 after purchasing an additional 88,538 shares in the last quarter. Bank of America Corp DE raised its stake in Constellation Brands by 9.5% in the 1st quarter. Bank of America Corp DE now owns 1,403,275 shares of the company’s stock valued at $210,491,000 after purchasing an additional 121,515 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Constellation Brands by 4.0% in the 1st quarter. Bank of New York Mellon Corp now owns 1,042,651 shares of the company’s stock valued at $156,398,000 after purchasing an additional 40,124 shares during the last quarter. Empyrean Capital Partners LP raised its stake in Constellation Brands by 3.3% in the 1st quarter. Empyrean Capital Partners LP now owns 606,200 shares of the company’s stock valued at $90,930,000 after purchasing an additional 19,500 shares during the last quarter. Finally, Nykredit A S purchased a new position in Constellation Brands in the 2nd quarter valued at $83,687,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

Constellation Brands Stock Down 0.4%

Shares of NYSE STZ opened at $138.47 on Friday. The company has a market capitalization of $23.43 billion, a P/E ratio of 11.46, a P/E/G ratio of 2.84 and a beta of 0.44. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.00 and a quick ratio of 0.53. The company has a 50 day simple moving average of $125.29 and a 200-day simple moving average of $136.73. Constellation Brands Inc has a 1 year low of $110.60 and a 1 year high of $168.60.

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 company had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.54 billion. Constellation Brands had a return on equity of 24.75% and a net margin of 19.57%. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the prior year, the business posted $3.63 earnings per share. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. On average, equities research analysts predict that Constellation Brands Inc will post 11.85 earnings per share for the current year.

Constellation Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be issued a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Friday, October 30th. Constellation Brands’s dividend payout ratio is currently 36.95%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on STZ shares. Bank of America dropped their target price on shares of Constellation Brands from $152.00 to $145.00 and set an “underperform” rating for the company in a report on Thursday, July 2nd. Evercore set a $160.00 price target on shares of Constellation Brands in a research note on Monday, September 21st. BMO Capital Markets reaffirmed an “outperform” rating on shares of Constellation Brands in a research note on Thursday, October 8th. UBS Group cut their price objective on shares of Constellation Brands from $145.00 to $144.00 and set a “buy” rating for the company in a report on Thursday, October 8th. Finally, TD Cowen decreased their target price on shares of Constellation Brands from $174.00 to $150.00 and set a “buy” rating on the stock in a research note on Thursday, September 17th. Twelve analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Constellation Brands has an average rating of “Hold” and a consensus price target of $153.09.

About Constellation Brands

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.