Fort Washington Investment Advisors Inc. OH Raises Position in Constellation Brands Inc $STZ

Fort Washington Investment Advisors Inc. OH lifted its position in shares of Constellation Brands Inc (NYSE:STZ) by 3.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 260,122 shares of the company’s stock after acquiring an additional 9,597 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Constellation Brands were worth $39,018,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in STZ. MV Capital Management Inc. purchased a new stake in Constellation Brands in the 4th quarter valued at approximately $26,000. Stance Capital LLC purchased a new position in shares of Constellation Brands during the 3rd quarter worth approximately $26,000. Strive Financial Group LLC purchased a new position in shares of Constellation Brands during the 4th quarter worth approximately $27,000. GoalVest Advisory LLC acquired a new stake in shares of Constellation Brands in the 4th quarter valued at approximately $28,000. Finally, Elyxium Wealth LLC acquired a new stake in shares of Constellation Brands in the 4th quarter valued at approximately $33,000. 77.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

STZ has been the topic of a number of recent analyst reports. Evercore set a $175.00 price objective on Constellation Brands and gave the stock an “outperform” rating in a report on Friday, April 10th. Weiss Ratings reissued a “hold (c-)” rating on shares of Constellation Brands in a report on Monday, May 4th. UBS Group decreased their target price on shares of Constellation Brands from $186.00 to $175.00 and set a “buy” rating on the stock in a research report on Wednesday, June 17th. Piper Sandler upped their price target on shares of Constellation Brands from $146.00 to $160.00 and gave the stock a “neutral” rating in a research note on Friday, April 10th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $185.00 price target on shares of Constellation Brands in a report on Friday, April 10th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $173.00.

Insider Buying and Selling at Constellation Brands

In other news, EVP James O. Bourdeau sold 4,407 shares of Constellation Brands stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $143.24, for a total transaction of $631,258.68. Following the completion of the transaction, the executive vice president owned 9,109 shares of the company’s stock, valued at $1,304,773.16. The trade was a 32.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 12.20% of the stock is currently owned by corporate insiders.

Constellation Brands News Roundup

Here are the key news stories impacting Constellation Brands this week:

• Positive Sentiment: RBC said Constellation Brands is likely to post in-line quarterly results and reiterated its outlook, which suggests the company may be on track heading into earnings. Constellation Brands Likely to Report In-Line Quarterly Results, Reiterate Outlook, RBC Says
• Positive Sentiment: TD Cowen reaffirmed its buy rating and set a $174 price target, implying meaningful upside from recent trading levels. Benzinga analyst update
• Positive Sentiment: Needham also reaffirmed a buy rating and raised its price target to $185, signaling continued confidence in the company’s long-term earnings potential. Benzinga analyst update

Constellation Brands Stock Performance

STZ opened at $146.37 on Friday. The stock has a market cap of $25.20 billion, a P/E ratio of 15.26, a P/E/G ratio of 4.29 and a beta of 0.39. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.08 and a quick ratio of 0.55. The stock’s 50 day simple moving average is $146.88 and its 200 day simple moving average is $150.29. Constellation Brands Inc has a 1-year low of $126.45 and a 1-year high of $178.13.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Wednesday, April 8th. The company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.19. The firm had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.84 billion. Constellation Brands had a return on equity of 26.18% and a net margin of 17.29%.Constellation Brands’s quarterly revenue was down 11.3% on a year-over-year basis. During the same period last year, the business posted $2.63 EPS. As a group, equities analysts anticipate that Constellation Brands Inc will post 11.77 EPS for the current fiscal year.

Constellation Brands Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Wednesday, April 29th were given a $1.03 dividend. This is an increase from Constellation Brands’s previous quarterly dividend of $1.02. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Wednesday, April 29th. Constellation Brands’s dividend payout ratio (DPR) is 42.96%.

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.