Manning & Napier Advisors LLC Purchases New Position in Constellation Brands Inc $STZ

Manning & Napier Advisors LLC acquired a new position in Constellation Brands Inc (NYSE:STZ) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,720 shares of the company’s stock, valued at approximately $799,000.

Other institutional investors also recently bought and sold shares of the company. Capital International Investors lifted its position in shares of Constellation Brands by 48.5% in the 4th quarter. Capital International Investors now owns 6,442,600 shares of the company’s stock worth $888,930,000 after purchasing an additional 2,105,546 shares during the period. Norges Bank purchased a new position in Constellation Brands during the fourth quarter valued at approximately $267,798,000. Ameriprise Financial Inc. increased its holdings in Constellation Brands by 650.6% during the second quarter. Ameriprise Financial Inc. now owns 1,769,741 shares of the company’s stock valued at $287,889,000 after buying an additional 1,533,961 shares during the period. Wellington Management Group LLP raised its stake in Constellation Brands by 14.0% in the fourth quarter. Wellington Management Group LLP now owns 6,018,653 shares of the company’s stock worth $830,333,000 after buying an additional 739,393 shares in the last quarter. Finally, Pzena Investment Management LLC bought a new position in Constellation Brands in the fourth quarter worth approximately $81,381,000. 77.34% of the stock is currently owned by hedge funds and other institutional investors.

Constellation Brands Price Performance

Shares of STZ stock opened at $134.86 on Wednesday. Constellation Brands Inc has a fifty-two week low of $126.45 and a fifty-two week high of $168.60. The firm has a market capitalization of $23.03 billion, a price-to-earnings ratio of 12.87, a PEG ratio of 4.28 and a beta of 0.40. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.48 and a current ratio of 0.91. The stock’s 50-day simple moving average is $134.80 and its 200-day simple moving average is $145.71.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings data 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 company had revenue of $2.43 billion for 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 business’s revenue was down 3.3% compared to the same quarter last year. During the same quarter last year, the company earned $3.22 EPS. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. As a group, equities analysts forecast that Constellation Brands Inc will post 11.84 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Thursday, July 30th were paid a dividend of $1.03 per share. 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 payout ratio is presently 39.31%.

Analyst Ratings Changes

STZ has been the topic of several recent research reports. JPMorgan Chase & Co. dropped their target price on Constellation Brands from $169.00 to $165.00 and set a “neutral” rating on the stock in a research report on Thursday, July 2nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Constellation Brands in a research report on Friday, July 31st. Jefferies Financial Group set a $147.00 price objective on Constellation Brands in a research note on Thursday, July 2nd. Piper Sandler reaffirmed a “neutral” rating and set a $160.00 price objective on shares of Constellation Brands in a research report on Wednesday, July 1st. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $185.00 target price on shares of Constellation Brands in a research note on Thursday, July 2nd. Eleven equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $167.53.

Constellation Brands Company 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.