Narwhal Capital Management Sells 3,861 Shares of Constellation Brands Inc $STZ

Narwhal Capital Management decreased its position in shares of Constellation Brands Inc (NYSE:STZ) by 17.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 18,353 shares of the company’s stock after selling 3,861 shares during the period. Narwhal Capital Management’s holdings in Constellation Brands were worth $2,075,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of STZ. Nykredit A S purchased a new position in shares of Constellation Brands during the second quarter valued at approximately $83,687,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in Constellation Brands in the second quarter worth approximately $31,582,000. Assenagon Asset Management S.A. boosted its holdings in Constellation Brands by 197.7% in the second quarter. Assenagon Asset Management S.A. now owns 338,172 shares of the company’s stock worth $47,036,000 after purchasing an additional 224,578 shares during the last quarter. Junto Capital Management LP purchased a new stake in Constellation Brands in the second quarter worth approximately $21,683,000. Finally, Bank of America Corp DE grew its position in Constellation Brands by 9.5% in the 1st quarter. Bank of America Corp DE now owns 1,403,275 shares of the company’s stock worth $210,491,000 after purchasing an additional 121,515 shares during the period. Institutional investors own 77.34% of the company’s stock.

Analyst Upgrades and Downgrades

STZ has been the topic of several research analyst reports. Weiss Ratings cut Constellation Brands from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. Barclays dropped their price target on Constellation Brands from $132.00 to $122.00 and set an “equal weight” rating on the stock in a research note on Tuesday, September 22nd. Sanford C. Bernstein cut their price objective on Constellation Brands from $197.00 to $180.00 and set an “outperform” rating for the company in a report on Monday, September 28th. Evercore set a $160.00 price objective on Constellation Brands in a research report on Monday, September 21st. Finally, The Goldman Sachs Group set a $155.00 target price on Constellation Brands in a report on Wednesday, October 7th. Twelve analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $154.09.

Constellation Brands Stock Down 0.1%

STZ opened at $145.41 on Wednesday. The stock has a market cap of $24.61 billion, a price-to-earnings ratio of 12.00, a price-to-earnings-growth ratio of 2.98 and a beta of 0.39. 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 firm’s fifty day moving average is $126.70 and its 200 day moving average is $141.29. Constellation Brands Inc has a fifty-two week low of $110.60 and a fifty-two week high of $168.60.

Constellation Brands (NYSE:STZ) last issued its earnings results on Tuesday, October 6th. The company reported $3.74 earnings per share (EPS) for the quarter, beating 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 company 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 EPS. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. On average, sell-side analysts forecast that Constellation Brands Inc will post 11.85 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be given a dividend of $1.03 per share. The ex-dividend date is Friday, October 30th. This represents a $4.12 annualized dividend and a yield of 2.8%. Constellation Brands’s dividend payout ratio (DPR) is 36.95%.

Constellation Brands Company Profile

Constellation Brands is a beverage alcohol company focused on beer, wine and spirits. Its beer portfolio includes Modelo Especial, Corona Extra and Pacifico, which it markets in the United States under its agreement with Grupo Modelo. The company also owns premium wine and spirits brands, including Robert Mondavi Winery and The Prisoner Wine Company. Its products reach consumers primarily in the United States, with operations and distribution extending to other markets. Founded in 1945 as Canandaigua Wine Company in New York, the business grew through brand development and acquisitions before adopting the Constellation Brands name.