Smith Salley Wealth Management Has $11.69 Million Stock Holdings in Constellation Brands Inc $STZ

Smith Salley Wealth Management lifted its holdings in shares of Constellation Brands Inc (NYSE:STZ) by 4.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 71,830 shares of the company’s stock after purchasing an additional 3,012 shares during the period. Smith Salley Wealth Management’s holdings in Constellation Brands were worth $11,685,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC grew its stake in Constellation Brands by 23.0% during the fourth quarter. Brighton Jones LLC now owns 1,001 shares of the company’s stock valued at $221,000 after acquiring an additional 187 shares in the last quarter. First Hawaiian Bank lifted its position in Constellation Brands by 12.8% during the first quarter. First Hawaiian Bank now owns 3,864 shares of the company’s stock valued at $709,000 after purchasing an additional 438 shares during the period. Moody National Bank Trust Division boosted its stake in shares of Constellation Brands by 0.9% during the 1st quarter. Moody National Bank Trust Division now owns 6,991 shares of the company’s stock worth $1,283,000 after acquiring an additional 64 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Constellation Brands by 7,602.6% during the first quarter. GAMMA Investing LLC now owns 396,220 shares of the company’s stock worth $72,714,000 after purchasing an additional 391,076 shares in the last quarter. Finally, Doliver Advisors LP boosted its position in shares of Constellation Brands by 59.8% during the 1st quarter. Doliver Advisors LP now owns 2,513 shares of the company’s stock valued at $461,000 after acquiring an additional 940 shares during the last quarter. Institutional investors own 77.34% of the company’s stock.

Insider Activity at Constellation Brands

In other Constellation Brands news, EVP James O. Bourdeau sold 821 shares of the firm’s stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $169.00, for a total value of $138,749.00. Following the sale, the executive vice president directly owned 9,438 shares of the company’s stock, valued at approximately $1,595,022. This trade represents a 8.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 12.45% of the company’s stock.

Constellation Brands Price Performance

Shares of STZ opened at $132.42 on Friday. The company has a market cap of $23.34 billion, a price-to-earnings ratio of -55.41, a PEG ratio of 0.40 and a beta of 0.67. Constellation Brands Inc has a 1-year low of $131.20 and a 1-year high of $261.06. The company has a current ratio of 1.07, a quick ratio of 0.68 and a debt-to-equity ratio of 1.30. The company’s fifty day simple moving average is $157.28 and its 200 day simple moving average is $170.89.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings results on Tuesday, July 1st. The company reported $3.22 earnings per share for the quarter, missing the consensus estimate of $3.45 by ($0.23). The business had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.57 billion. Constellation Brands had a negative net margin of 4.11% and a positive return on equity of 31.41%. Constellation Brands’s revenue was down 5.5% compared to the same quarter last year. During the same period in the previous year, the business posted $3.57 EPS. Constellation Brands has set its FY 2026 guidance at 12.600-12.900 EPS. On average, research analysts forecast that Constellation Brands Inc will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Wednesday, July 30th were issued a $1.02 dividend. The ex-dividend date was Wednesday, July 30th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.1%. Constellation Brands’s dividend payout ratio is presently -170.71%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on STZ. JPMorgan Chase & Co. boosted their price target on Constellation Brands from $170.00 to $182.00 and gave the stock a “neutral” rating in a research report on Thursday, July 3rd. Citigroup dropped their target price on shares of Constellation Brands from $155.00 to $145.00 and set a “neutral” rating for the company in a report on Tuesday, September 23rd. The Goldman Sachs Group reduced their price target on shares of Constellation Brands from $225.00 to $196.00 and set a “buy” rating for the company in a research report on Tuesday, September 2nd. TD Cowen reduced their price objective on Constellation Brands from $180.00 to $152.00 and set a “hold” rating for the company in a report on Thursday, September 4th. Finally, Bank of America dropped their price objective on shares of Constellation Brands from $150.00 to $142.00 and set an “underperform” rating for the company in a research note on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $191.28.

About Constellation Brands

Constellation Brands, Inc, together with its subsidiaries, produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company provides beer primarily under the Corona Extra, Corona Familiar, Corona Hard Seltzer, Corona Light, Corona Non-Alcoholic, Corona Premier, Corona Refresca, Modelo Especial, Modelo Chelada, Modelo Negra, Modelo Oro, Victoria, Vicky Chamoy, and Pacifico brands.