Great Lakes Advisors LLC Sells 185,683 Shares of Constellation Brands Inc $STZ

Great Lakes Advisors LLC lessened its holdings in shares of Constellation Brands Inc (NYSE:STZ) by 87.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,224 shares of the company’s stock after selling 185,683 shares during the quarter. Great Lakes Advisors LLC’s holdings in Constellation Brands were worth $3,666,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Retirement Planning Co of New England Inc. raised its stake in Constellation Brands by 22.9% in the third quarter. Retirement Planning Co of New England Inc. now owns 4,137 shares of the company’s stock valued at $557,000 after purchasing an additional 770 shares in the last quarter. Federated Hermes Inc. increased its holdings in shares of Constellation Brands by 13.1% in the 3rd quarter. Federated Hermes Inc. now owns 3,204 shares of the company’s stock worth $431,000 after buying an additional 370 shares during the last quarter. Cambiar Investors LLC raised its position in shares of Constellation Brands by 27.5% during the 3rd quarter. Cambiar Investors LLC now owns 227,218 shares of the company’s stock valued at $30,599,000 after buying an additional 48,954 shares in the last quarter. Stablepoint Partners LLC lifted its holdings in shares of Constellation Brands by 9.9% during the 3rd quarter. Stablepoint Partners LLC now owns 8,172 shares of the company’s stock worth $1,100,000 after acquiring an additional 734 shares during the last quarter. Finally, Intact Investment Management Inc. grew its position in Constellation Brands by 1.3% in the third quarter. Intact Investment Management Inc. now owns 15,300 shares of the company’s stock worth $2,060,000 after acquiring an additional 200 shares in the last quarter. 77.34% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

STZ has been the topic of a number of research reports. Weiss Ratings restated a “sell (d+)” rating on shares of Constellation Brands in a research report on Monday, December 29th. BMO Capital Markets reiterated an “outperform” rating and set a $190.00 price objective on shares of Constellation Brands in a research report on Friday, January 9th. Piper Sandler dropped their target price on Constellation Brands from $155.00 to $135.00 and set a “neutral” rating for the company in a research report on Friday, November 21st. Sanford C. Bernstein upped their target price on Constellation Brands from $195.00 to $197.00 and gave the stock an “outperform” rating in a research note on Friday, January 9th. Finally, Citigroup increased their price target on shares of Constellation Brands from $148.00 to $155.00 and gave the company a “neutral” rating in a research report on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Constellation Brands has a consensus rating of “Hold” and an average target price of $176.91.

Constellation Brands Trading Up 1.2%

NYSE STZ opened at $156.64 on Friday. The firm has a market cap of $27.16 billion, a PE ratio of 24.71, a price-to-earnings-growth ratio of 0.46 and a beta of 0.45. Constellation Brands Inc has a 1-year low of $126.45 and a 1-year high of $196.91. The stock has a 50-day moving average of $145.64 and a 200-day moving average of $147.50. The company has a current ratio of 1.34, a quick ratio of 0.70 and a debt-to-equity ratio of 1.29.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings results on Wednesday, January 7th. The company reported $3.06 EPS for the quarter, topping analysts’ consensus estimates of $2.63 by $0.43. The business had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.17 billion. Constellation Brands had a return on equity of 29.15% and a net margin of 11.08%.The business’s quarterly revenue was down 9.8% on a year-over-year basis. During the same period in the previous year, the firm earned $3.25 EPS. Constellation Brands has set its FY 2026 guidance at 11.300-11.600 EPS. As a group, sell-side analysts forecast that Constellation Brands Inc will post 13.5 EPS for the current year.

Constellation Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 12th. Investors of record on Thursday, January 29th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Thursday, January 29th. Constellation Brands’s dividend payout ratio is currently 64.35%.

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.