Stock Yards Bank & Trust Co. Reduces Holdings in Constellation Brands Inc $STZ

Stock Yards Bank & Trust Co. trimmed its holdings in shares of Constellation Brands Inc (NYSE:STZ) by 14.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,726 shares of the company’s stock after selling 14,936 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Constellation Brands were worth $11,814,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in STZ. Berkshire Hathaway Inc lifted its stake in shares of Constellation Brands by 11.6% during the 2nd quarter. Berkshire Hathaway Inc now owns 13,400,000 shares of the company’s stock worth $2,179,912,000 after purchasing an additional 1,391,000 shares during the period. Geode Capital Management LLC increased its stake in Constellation Brands by 13.6% in the second quarter. Geode Capital Management LLC now owns 3,737,860 shares of the company’s stock valued at $605,293,000 after purchasing an additional 448,259 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC lifted its position in Constellation Brands by 39.6% during the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 3,675,855 shares of the company’s stock worth $597,988,000 after buying an additional 1,042,904 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Constellation Brands by 2.4% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,969,081 shares of the company’s stock worth $320,329,000 after buying an additional 46,959 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Constellation Brands by 650.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,769,741 shares of the company’s stock worth $287,889,000 after buying an additional 1,533,961 shares during the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Barclays upped their price objective on shares of Constellation Brands from $147.00 to $148.00 and gave the company an “equal weight” rating in a research note on Monday, January 12th. The Goldman Sachs Group cut their price target on shares of Constellation Brands from $196.00 to $168.00 and set a “buy” rating on the stock in a research note on Thursday, October 2nd. Zacks Research upgraded shares of Constellation Brands from a “strong sell” rating to a “hold” rating in a report on Monday, November 3rd. Sanford C. Bernstein boosted their price objective on shares of Constellation Brands from $195.00 to $197.00 and gave the company an “outperform” rating in a research note on Friday, January 9th. Finally, Piper Sandler cut their target price on Constellation Brands from $155.00 to $135.00 and set a “neutral” rating on the stock in a research report on Friday, November 21st. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $180.35.

Constellation Brands Stock Up 4.4%

Shares of NYSE STZ opened at $163.58 on Wednesday. Constellation Brands Inc has a 12-month low of $126.45 and a 12-month high of $196.91. The company has a market cap of $28.37 billion, a P/E ratio of 25.80, a P/E/G ratio of 0.46 and a beta of 0.45. The company has a current ratio of 1.34, a quick ratio of 0.70 and a debt-to-equity ratio of 1.29. The stock has a fifty day moving average price of $141.04 and a 200 day moving average price of $147.78.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Wednesday, January 7th. The company reported $3.06 EPS for the quarter, topping analysts’ consensus estimates of $2.63 by $0.43. Constellation Brands had a return on equity of 29.15% and a net margin of 11.08%.The company had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter in the previous year, the firm posted $3.25 earnings per share. The firm’s quarterly 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. Research analysts anticipate that Constellation Brands Inc will post 13.5 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

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

About Constellation Brands

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.