Great Lakes Advisors LLC Makes New $1.02 Million Investment in Constellation Brands Inc $STZ

Great Lakes Advisors LLC purchased a new position in shares of Constellation Brands Inc (NYSE:STZ) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,304 shares of the company’s stock, valued at approximately $1,016,000.

Several other institutional investors have also recently made changes to their positions in the company. MV Capital Management Inc. bought a new position in Constellation Brands during the 4th quarter worth about $26,000. Stance Capital LLC purchased a new position in Constellation Brands during the 3rd quarter valued at about $26,000. Strive Financial Group LLC bought a new stake in shares of Constellation Brands in the 4th quarter valued at about $27,000. Elyxium Wealth LLC bought a new stake in shares of Constellation Brands in the 4th quarter valued at about $33,000. Finally, Root Financial Partners LLC lifted its position in shares of Constellation Brands by 231.3% in the 1st quarter. Root Financial Partners LLC now owns 222 shares of the company’s stock worth $33,000 after purchasing an additional 155 shares during the period. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Constellation Brands Trading Up 1.0%

NYSE:STZ opened at $135.42 on Friday. The stock has a market capitalization of $23.13 billion, a price-to-earnings ratio of 12.92, a PEG ratio of 4.22 and a beta of 0.40. Constellation Brands Inc has a 52 week low of $126.45 and a 52 week high of $168.60. 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 firm has a 50 day moving average of $135.20 and a 200 day moving average of $146.17.

Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Tuesday, June 30th. The company reported $3.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.70 by ($0.27). The firm had revenue of $2.43 billion during 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%.Constellation Brands’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.22 earnings per share. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. As a group, sell-side analysts anticipate that Constellation Brands Inc will post 11.84 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Constellation Brands from $169.00 to $165.00 and set a “neutral” rating on the stock in a research note on Thursday, July 2nd. Needham & Company LLC reissued a “buy” rating and issued a $185.00 price objective on shares of Constellation Brands in a research note on Thursday, July 2nd. Freedom Capital lowered Constellation Brands from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. Bank of America dropped their target price on Constellation Brands from $152.00 to $145.00 and set an “underperform” rating on the stock in a research report on Thursday, July 2nd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $185.00 target price on shares of Constellation Brands in a research report on Thursday, July 2nd. Eleven analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Constellation Brands presently has a consensus rating of “Hold” and a consensus target price 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.