Plato Investment Management Ltd Makes New Investment in Constellation Brands Inc $STZ

Plato Investment Management Ltd acquired a new stake in shares of Constellation Brands Inc (NYSE:STZ) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 5,478 shares of the company’s stock, valued at approximately $757,000.

Other large investors have also recently bought and sold shares of the company. Capital World Investors grew its position in shares of Constellation Brands by 8.3% during the fourth quarter. Capital World Investors now owns 7,238,575 shares of the company’s stock worth $998,740,000 after acquiring an additional 553,974 shares during the last quarter. State Street Corp lifted its position in Constellation Brands by 5.0% in the 4th quarter. State Street Corp now owns 6,911,369 shares of the company’s stock valued at $953,492,000 after purchasing an additional 329,337 shares during the last quarter. Capital International Investors lifted its position in Constellation Brands by 48.5% in the 4th quarter. Capital International Investors now owns 6,442,600 shares of the company’s stock valued at $888,930,000 after purchasing an additional 2,105,546 shares during the last quarter. Wellington Management Group LLP boosted its stake in Constellation Brands by 14.0% during the 4th quarter. Wellington Management Group LLP now owns 6,018,653 shares of the company’s stock valued at $830,333,000 after purchasing an additional 739,393 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Constellation Brands by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 3,739,549 shares of the company’s stock valued at $513,871,000 after purchasing an additional 54,184 shares during the period. Institutional investors own 77.34% of the company’s stock.

Constellation Brands Stock Up 0.4%

Shares of Constellation Brands stock opened at $131.09 on Wednesday. Constellation Brands Inc has a 12-month low of $126.45 and a 12-month high of $169.00. The firm has a market capitalization of $22.39 billion, a PE ratio of 12.51, a price-to-earnings-growth ratio of 4.33 and a beta of 1.75. The company has a quick ratio of 0.48, a current ratio of 0.91 and a debt-to-equity ratio of 1.06. The stock’s fifty day moving average is $135.81 and its 200-day moving average is $146.55.

Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Tuesday, June 30th. The company reported $3.43 earnings per share for the quarter, missing analysts’ consensus estimates of $3.70 by ($0.27). The company had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.39 billion. Constellation Brands had a net margin of 18.87% and a return on equity of 25.58%. The company’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter last year, the business earned $3.22 EPS. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. Equities analysts anticipate that Constellation Brands Inc will post 11.84 earnings per share for the current year.

Constellation Brands Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Morgan Stanley dropped their price target on shares of Constellation Brands from $183.00 to $158.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 2nd. Roth Capital reiterated a “buy” rating and set a $209.00 price objective on shares of Constellation Brands in a research report on Thursday, July 2nd. TD Cowen reissued a “buy” rating and issued a $174.00 price objective on shares of Constellation Brands in a report on Wednesday, July 1st. Piper Sandler restated a “neutral” rating and issued a $160.00 target price on shares of Constellation Brands in a research report on Wednesday, July 1st. Finally, Needham & Company LLC reiterated a “buy” rating and set a $185.00 price target on shares of Constellation Brands in a research report on Thursday, July 2nd. Eleven investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $167.53.

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.