Constellation Brands Inc $STZ Holdings Decreased by National Pension Service

National Pension Service reduced its position in shares of Constellation Brands Inc (NYSE:STZ) by 62.1% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 152,644 shares of the company’s stock after selling 250,299 shares during the quarter. National Pension Service’s holdings in Constellation Brands were worth $21,231,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. MV Capital Management Inc. acquired a new stake in shares of Constellation Brands during the fourth quarter worth $26,000. Stance Capital LLC acquired a new position in shares of Constellation Brands in the 3rd quarter valued at about $26,000. Strive Financial Group LLC acquired a new position 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 during the 4th quarter valued at about $33,000. Finally, Root Financial Partners LLC grew its position in shares of Constellation Brands by 231.3% during the 1st quarter. Root Financial Partners LLC now owns 222 shares of the company’s stock valued at $33,000 after buying an additional 155 shares during the last quarter. 77.34% of the stock is currently owned by institutional investors.

Constellation Brands Trading Down 1.1%

Constellation Brands stock opened at $122.51 on Friday. 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 price of $131.41 and a two-hundred day moving average price of $143.00. The firm has a market capitalization of $20.92 billion, a price-to-earnings ratio of 11.69, a PEG ratio of 2.31 and a beta of 0.41. Constellation Brands Inc has a 52-week low of $120.25 and a 52-week high of $168.60.

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

Constellation Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, July 30th were issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Thursday, July 30th. Constellation Brands’s dividend payout ratio is 39.31%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on STZ. Wells Fargo & Company dropped their price objective on shares of Constellation Brands from $185.00 to $170.00 and set an “overweight” rating on the stock in a research note on Monday, June 29th. Barclays lowered their target price on Constellation Brands from $139.00 to $132.00 and set an “equal weight” rating for the company in a report on Tuesday, July 21st. Morgan Stanley cut their price target on Constellation Brands from $183.00 to $158.00 and set an “equal weight” rating on the stock in a report on Thursday, July 2nd. Deutsche Bank Aktiengesellschaft reduced their price objective on Constellation Brands from $150.00 to $136.00 and set a “hold” rating for the company in a research report on Friday. Finally, BMO Capital Markets restated an “outperform” rating and set a $190.00 price objective on shares of Constellation Brands in a research note on Thursday, July 2nd. Eleven investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $169.22.

About Constellation Brands

Constellation Brands, Inc (NYSE: STZ) is a beverage alcohol company that produces, markets and distributes beer, wine and spirits. Its portfolio includes well-known beer brands such as Corona Extra, Modelo Especial, Modelo Negra, Pacifico and Victoria, along with wine brands including Robert Mondavi, The Prisoner, Kim Crawford and Meiomi. Its spirits portfolio includes brands such as Casa Noble tequila and High West whiskey.

The company’s beer business is focused primarily on the United States, where Constellation markets and sells Mexican beer brands brewed by its production operations in Mexico.