Great Lakes Advisors LLC Takes $2.46 Million Position in Constellation Brands Inc $STZ

Great Lakes Advisors LLC bought a new position in shares of Constellation Brands Inc (NYSE:STZ) in the second quarter, HoldingsChannel reports. The fund bought 17,722 shares of the company’s stock, valued at approximately $2,465,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of STZ. MV Capital Management Inc. purchased a new stake in shares of Constellation Brands during the 4th quarter worth approximately $26,000. Stance Capital LLC acquired a new position in Constellation Brands in the third quarter valued at $26,000. Strive Financial Group LLC purchased a new position in shares of Constellation Brands during the fourth quarter worth about $27,000. Cedar Mountain Advisors LLC purchased a new position in shares of Constellation Brands during the first quarter worth about $33,000. Finally, Root Financial Partners LLC increased its position in shares of Constellation Brands by 231.3% during the first quarter. Root Financial Partners LLC now owns 222 shares of the company’s stock worth $33,000 after purchasing an additional 155 shares in the last quarter. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

STZ has been the subject of a number of research analyst reports. Wells Fargo & Company decreased their target price on Constellation Brands from $185.00 to $170.00 and set an “overweight” rating for the company in a research report on Monday, June 29th. JPMorgan Chase & Co. reduced their price objective on Constellation Brands from $169.00 to $165.00 and set a “neutral” rating for the company in a research note on Thursday, July 2nd. Piper Sandler restated a “neutral” rating and set a $160.00 target price on shares of Constellation Brands in a research report on Wednesday, July 1st. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $185.00 target price on shares of Constellation Brands in a report on Thursday, July 2nd. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Constellation Brands in a research note on Friday, July 31st. Eleven analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $167.53.

Constellation Brands Price Performance

Shares of NYSE:STZ opened at $135.42 on Friday. Constellation Brands Inc has a 52 week low of $126.45 and a 52 week high of $168.60. The company has a 50-day moving average price of $135.20 and a 200 day moving average price of $146.17. The company has a market cap of $23.13 billion, a P/E ratio of 12.92, a PEG ratio of 4.17 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.

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

Constellation Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, July 30th were given a $1.03 dividend. The ex-dividend date was Thursday, July 30th. This represents a $4.12 annualized dividend and a yield of 3.0%. Constellation Brands’s dividend payout ratio is presently 39.31%.

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.