Swiss National Bank Acquires 24,100 Shares of Constellation Brands Inc $STZ

Swiss National Bank increased its holdings in shares of Constellation Brands Inc (NYSE:STZ) by 5.9% in the first quarter, HoldingsChannel reports. The institutional investor owned 432,500 shares of the company’s stock after purchasing an additional 24,100 shares during the quarter. Swiss National Bank’s holdings in Constellation Brands were worth $64,875,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of STZ. Spartan Wealth Advisory Services LLC acquired a new position in shares of Constellation Brands in the 1st quarter valued at $249,000. Assetmark Inc. grew its stake in shares of Constellation Brands by 6.8% during the first quarter. Assetmark Inc. now owns 8,465 shares of the company’s stock worth $1,270,000 after purchasing an additional 537 shares during the period. Gallacher Capital Management LLC bought a new stake in Constellation Brands in the first quarter valued at about $656,000. Financiere des Professionnels Fonds d investissement inc. bought a new stake in Constellation Brands in the first quarter valued at about $1,368,000. Finally, Bessemer Group Inc. lifted its stake in Constellation Brands by 47.8% in the first quarter. Bessemer Group Inc. now owns 1,676 shares of the company’s stock valued at $251,000 after buying an additional 542 shares during the period. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on STZ shares. Roth Capital restated a “buy” rating and set a $209.00 target price on shares of Constellation Brands in a report on Thursday, July 2nd. Bank of America cut their price target on shares of Constellation Brands from $152.00 to $145.00 and set an “underperform” rating on the stock in a research report on Thursday, July 2nd. Needham & Company LLC reissued a “buy” rating and set a $185.00 price objective on shares of Constellation Brands in a research note on Thursday, July 2nd. Barclays decreased their price objective on shares of Constellation Brands from $139.00 to $132.00 and set an “equal weight” rating for the company in a report on Tuesday. Finally, Wells Fargo & Company cut their target price on shares of Constellation Brands from $185.00 to $170.00 and set an “overweight” rating on the stock in a report on Monday, June 29th. Eleven analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Constellation Brands presently has a consensus rating of “Hold” and a consensus price target of $167.53.

Constellation Brands Trading Down 2.6%

NYSE STZ opened at $130.80 on Wednesday. Constellation Brands Inc has a one year low of $126.45 and a one year high of $178.13. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.91 and a quick ratio of 0.48. The firm has a market cap of $22.34 billion, a P/E ratio of 12.48, a P/E/G ratio of 4.19 and a beta of 0.39. The stock’s 50-day moving average is $140.11 and its 200-day moving average is $149.48.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Tuesday, June 30th. The company reported $3.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.70 by ($0.27). Constellation Brands had a net margin of 18.87% and a return on equity of 25.58%. The business had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.39 billion. During the same quarter in the prior year, the firm posted $3.22 earnings per share. Constellation Brands’s revenue for the quarter was down 3.3% compared to the same quarter last year. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. Sell-side analysts anticipate that Constellation Brands Inc will post 11.82 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Thursday, July 30th will be paid a $1.03 dividend. The ex-dividend date of this dividend is Thursday, July 30th. This represents a $4.12 annualized dividend and a dividend yield of 3.1%. Constellation Brands’s dividend payout ratio (DPR) is currently 39.31%.

Insider Activity

In other news, EVP James O. Bourdeau sold 4,407 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $143.24, for a total value of $631,258.68. Following the sale, the executive vice president directly owned 9,109 shares in the company, valued at $1,304,773.16. The trade was a 32.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 12.20% of the stock is owned by corporate insiders.

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.