New York State Common Retirement Fund Sells 10,000 Shares of Constellation Brands Inc $STZ

New York State Common Retirement Fund lowered its holdings in shares of Constellation Brands Inc (NYSE:STZ) by 11.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,800 shares of the company’s stock after selling 10,000 shares during the quarter. New York State Common Retirement Fund’s holdings in Constellation Brands were worth $10,881,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Root Financial Partners LLC bought a new stake in shares of Constellation Brands during the third quarter valued at approximately $26,000. Salomon & Ludwin LLC bought a new position in shares of Constellation Brands during the third quarter worth $30,000. Abound Wealth Management grew its stake in Constellation Brands by 341.8% during the third quarter. Abound Wealth Management now owns 243 shares of the company’s stock valued at $33,000 after acquiring an additional 188 shares in the last quarter. CVA Family Office LLC increased its holdings in Constellation Brands by 713.2% in the 3rd quarter. CVA Family Office LLC now owns 309 shares of the company’s stock valued at $42,000 after acquiring an additional 271 shares during the last quarter. Finally, Curio Wealth LLC lifted its stake in Constellation Brands by 29,900.0% in the 2nd quarter. Curio Wealth LLC now owns 300 shares of the company’s stock worth $49,000 after purchasing an additional 299 shares in the last quarter. Institutional investors own 77.34% of the company’s stock.

Constellation Brands Stock Up 3.2%

NYSE STZ opened at $160.59 on Wednesday. The company has a quick ratio of 0.70, a current ratio of 1.34 and a debt-to-equity ratio of 1.29. Constellation Brands Inc has a 52 week low of $126.45 and a 52 week high of $196.91. The firm has a market capitalization of $27.85 billion, a price-to-earnings ratio of 25.33, a PEG ratio of 0.46 and a beta of 0.44. The company has a fifty day moving average of $146.68 and a two-hundred day moving average of $147.04.

Constellation Brands (NYSE:STZ) last released its earnings results on Wednesday, January 7th. The company reported $3.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.63 by $0.43. Constellation Brands had a net margin of 11.08% and a return on equity of 29.15%. The firm had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same quarter last year, the business earned $3.25 EPS. The business’s revenue was down 9.8% on a year-over-year basis. Constellation Brands has set its FY 2026 guidance at 11.300-11.600 EPS. On average, analysts predict that Constellation Brands Inc will post 13.5 earnings per share for the current year.

Constellation Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 12th. Stockholders of record on Thursday, January 29th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Thursday, January 29th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.5%. Constellation Brands’s dividend payout ratio is currently 64.35%.

Analysts Set New Price Targets

STZ has been the subject of a number of research analyst reports. UBS Group set a $168.00 price objective on Constellation Brands in a research report on Friday, January 9th. Weiss Ratings restated a “sell (d+)” rating on shares of Constellation Brands in a report on Monday, December 29th. JPMorgan Chase & Co. started coverage on Constellation Brands in a report on Friday, November 7th. They set a “neutral” rating and a $153.00 price objective on the stock. BMO Capital Markets reiterated an “outperform” rating and set a $190.00 target price on shares of Constellation Brands in a research report on Friday, January 9th. Finally, Citigroup boosted their price target on shares of Constellation Brands from $148.00 to $155.00 and gave the stock a “neutral” rating in a research report on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Constellation Brands has a consensus rating of “Hold” and an average target price of $176.91.

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.