Constellation Brands Inc $STZ Shares Sold by Eagle Rock Investment Company LLC

Eagle Rock Investment Company LLC lowered its position in Constellation Brands Inc (NYSE:STZ) by 19.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,845 shares of the company’s stock after selling 5,893 shares during the period. Eagle Rock Investment Company LLC’s holdings in Constellation Brands were worth $2,696,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Cedar Mountain Advisors LLC bought a new position in Constellation Brands in the first quarter valued at about $33,000. Root Financial Partners LLC boosted its position in Constellation Brands by 231.3% in 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 during the last quarter. Continuum Advisory LLC bought a new stake in shares of Constellation Brands during the 2nd quarter valued at about $33,000. Ascentis Independent Advisors bought a new stake in shares of Constellation Brands during the 1st quarter valued at about $37,000. Finally, Archer Investment Corp bought a new stake in shares of Constellation Brands during the 2nd quarter valued at about $80,000. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Constellation Brands Stock Performance

NYSE:STZ opened at $131.96 on Thursday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.53 and a current ratio of 1.00. The stock has a 50-day simple moving average of $125.25 and a two-hundred day simple moving average of $136.80. The firm has a market capitalization of $22.33 billion, a PE ratio of 11.83, a P/E/G ratio of 2.72 and a beta of 1.75. Constellation Brands Inc has a 52-week low of $110.60 and a 52-week high of $168.60.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings data on Tuesday, October 6th. The company reported $3.74 EPS for the quarter, topping the consensus estimate of $3.62 by $0.12. Constellation Brands had a return on equity of 24.75% and a net margin of 19.57%. The firm had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.54 billion. During the same quarter last year, the company earned $3.63 earnings per share. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. Analysts forecast that Constellation Brands Inc will post 11.85 EPS for the current year.

Constellation Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be issued a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Friday, October 30th. Constellation Brands’s dividend payout ratio is currently 36.95%.

Wall Street Analyst Weigh In

STZ has been the subject of several research reports. Morgan Stanley reaffirmed a “negative” rating and set a $145.00 price target (down from $158.00) on shares of Constellation Brands in a research report on Thursday, October 8th. TD Cowen dropped their price objective on shares of Constellation Brands from $174.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday, September 17th. The Goldman Sachs Group set a $155.00 target price on shares of Constellation Brands in a research report on Wednesday, October 7th. BNP Paribas Exane cut their target price on shares of Constellation Brands from $115.00 to $110.00 and set an “underperform” rating for the company in a research report on Monday, September 21st. Finally, Needham & Company LLC reduced their target price on shares of Constellation Brands from $185.00 to $150.00 and set a “buy” rating for the company in a report on Thursday, October 8th. Twelve analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $153.09.

Constellation Brands Company Profile

Constellation Brands, Inc is a beverage alcohol company that develops, produces, markets and distributes beer, wine and spirits. Its beer portfolio includes Modelo Especial, Corona Extra, Corona Light, Pacifico and Victoria, while its wine and spirits brands include Robert Mondavi, Kim Crawford, Meiomi, The Prisoner Wine Company, Simi, Ruffino, High West and Casa Noble.

The company’s beer business is primarily focused on the United States, where Constellation markets and distributes several leading Mexican beer brands under license from Grupo Modelo.