OVERSEA CHINESE BANKING Corp Ltd Buys New Shares in Constellation Brands Inc $STZ

OVERSEA CHINESE BANKING Corp Ltd bought a new position in shares of Constellation Brands Inc (NYSE:STZ) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,326 shares of the company’s stock, valued at approximately $441,000.

Other large investors have also recently added to or reduced their stakes in the company. AlphaQuest LLC grew its stake in shares of Constellation Brands by 350.7% during the second quarter. AlphaQuest LLC now owns 5,178 shares of the company’s stock valued at $842,000 after purchasing an additional 4,029 shares during the last quarter. Arlington Partners LLC acquired a new stake in Constellation Brands in the second quarter worth about $2,333,000. 49 Wealth Management LLC bought a new stake in Constellation Brands during the 2nd quarter worth about $373,000. Heritage Investors Management Corp boosted its stake in shares of Constellation Brands by 6.2% in the 2nd quarter. Heritage Investors Management Corp now owns 146,827 shares of the company’s stock valued at $23,886,000 after purchasing an additional 8,613 shares during the last quarter. Finally, Matrix Asset Advisors Inc. NY acquired a new stake in shares of Constellation Brands during the 3rd quarter worth approximately $5,236,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

Wall Street Analyst Weigh In

STZ has been the topic of several analyst reports. Wells Fargo & Company set a $165.00 price objective on shares of Constellation Brands in a report on Thursday, January 8th. Morgan Stanley cut their price target on Constellation Brands from $176.00 to $160.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 7th. BMO Capital Markets reaffirmed an “outperform” rating and set a $190.00 price objective on shares of Constellation Brands in a research note on Friday, January 9th. The Goldman Sachs Group cut their target price on Constellation Brands from $196.00 to $168.00 and set a “buy” rating on the stock in a research note on Thursday, October 2nd. Finally, Sanford C. Bernstein raised their target price on Constellation Brands from $195.00 to $197.00 and gave the stock an “outperform” rating in a report on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $180.35.

Constellation Brands Stock Performance

Shares of STZ stock opened at $158.76 on Friday. The company has a market capitalization of $27.79 billion, a P/E ratio of 25.04, a price-to-earnings-growth ratio of 0.46 and a beta of 0.45. Constellation Brands Inc has a 52 week low of $126.45 and a 52 week high of $196.91. The company’s 50 day moving average price is $139.26 and its two-hundred day moving average price is $148.31. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.70 and a current ratio of 1.34.

Constellation Brands (NYSE:STZ) last announced its earnings results on Wednesday, January 7th. The company reported $3.06 earnings per share for the quarter, topping analysts’ consensus estimates 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 period in the prior year, the business earned $3.25 EPS. The company’s revenue for the quarter was down 9.8% compared to the same quarter last year. Constellation Brands has set its FY 2026 guidance at 11.300-11.600 EPS. On average, analysts expect that Constellation Brands Inc will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 12th. Investors of record on Thursday, January 29th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Thursday, January 29th. Constellation Brands’s dividend payout ratio (DPR) is currently 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.