Glenview Trust Co Has $7.49 Million Position in Constellation Brands Inc $STZ

Glenview Trust Co decreased its stake in Constellation Brands Inc (NYSE:STZ) by 13.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 55,621 shares of the company’s stock after selling 8,814 shares during the period. Glenview Trust Co’s holdings in Constellation Brands were worth $7,490,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Ameriprise Financial Inc. increased its position in Constellation Brands by 650.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,769,741 shares of the company’s stock valued at $287,889,000 after purchasing an additional 1,533,961 shares during the period. Norges Bank bought a new stake in shares of Constellation Brands in the 2nd quarter valued at $239,737,000. Berkshire Hathaway Inc boosted its stake in shares of Constellation Brands by 11.6% in the 2nd quarter. Berkshire Hathaway Inc now owns 13,400,000 shares of the company’s stock valued at $2,179,912,000 after purchasing an additional 1,391,000 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC increased its position in shares of 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. Finally, Vanguard Group Inc. raised its stake in Constellation Brands by 3.3% during the third quarter. Vanguard Group Inc. now owns 18,202,611 shares of the company’s stock worth $2,451,346,000 after buying an additional 573,766 shares during the last quarter. 77.34% of the stock is currently owned by institutional investors.

Constellation Brands Stock Down 8.1%

Shares of NYSE:STZ opened at $149.20 on Tuesday. 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 Inc has a 52-week low of $126.45 and a 52-week high of $196.91. The business’s 50 day simple moving average is $150.82 and its two-hundred day simple moving average is $146.28. The firm has a market cap of $25.87 billion, a P/E ratio of 23.53, a PEG ratio of 0.44 and a beta of 0.44.

Constellation Brands (NYSE:STZ) last issued 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 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 analyst estimates of $2.17 billion. During the same period in the prior year, the firm earned $3.25 earnings per share. Constellation Brands’s revenue for the quarter was down 9.8% on a year-over-year basis. Constellation Brands has set its FY 2026 guidance at 11.300-11.600 EPS. As a group, research analysts forecast that Constellation Brands Inc will post 13.5 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Thursday, January 29th were given a dividend of $1.02 per share. The ex-dividend date of this dividend was Thursday, January 29th. This represents a $4.08 annualized dividend and a dividend yield of 2.7%. Constellation Brands’s payout ratio is presently 64.35%.

Wall Street Analyst Weigh In

A number of analysts have commented on STZ shares. Wells Fargo & Company set a $165.00 price target on shares of Constellation Brands in a research report on Thursday, January 8th. JPMorgan Chase & Co. started coverage on Constellation Brands in a research report on Friday, November 7th. They set a “neutral” rating and a $153.00 target price on the stock. Weiss Ratings raised Constellation Brands from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, February 5th. BMO Capital Markets reissued an “outperform” rating and issued a $190.00 price target on shares of Constellation Brands in a research note on Friday, January 9th. Finally, Barclays increased their price target on Constellation Brands from $147.00 to $148.00 and gave the stock an “equal weight” rating in a report on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus 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.