Constellation Brands Inc $STZ Stock Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC reduced its stake in shares of Constellation Brands Inc (NYSE:STZ) by 9.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 52,819 shares of the company’s stock after selling 5,532 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Constellation Brands were worth $5,972,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. bought a new stake in shares of Constellation Brands during the 3rd quarter worth approximately $2,598,000. Prentice Wealth Management LLC grew its position in Constellation Brands by 8.9% in the 3rd quarter. Prentice Wealth Management LLC now owns 2,811 shares of the company’s stock valued at $318,000 after acquiring an additional 230 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV grew its position in Constellation Brands by 5.4% in the 3rd quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 1,921 shares of the company’s stock valued at $217,000 after acquiring an additional 99 shares during the last quarter. Novem Group increased its stake in Constellation Brands by 29.1% in the third quarter. Novem Group now owns 8,265 shares of the company’s stock worth $934,000 after purchasing an additional 1,863 shares during the period. Finally, Pension & Wealth Management Advisors Inc. increased its stake in Constellation Brands by 4,075.0% in the third quarter. Pension & Wealth Management Advisors Inc. now owns 835 shares of the company’s stock worth $94,000 after purchasing an additional 815 shares during the period. 77.34% of the stock is currently owned by hedge funds and other institutional investors.

Constellation Brands Trading Down 0.4%

Shares of NYSE STZ opened at $138.47 on Friday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.00 and a quick ratio of 0.53. The stock has a market capitalization of $23.43 billion, a P/E ratio of 11.46, a price-to-earnings-growth ratio of 2.84 and a beta of 0.44. Constellation Brands Inc has a 1-year low of $110.60 and a 1-year high of $168.60. The business has a fifty day moving average price of $125.29 and a 200 day moving average price of $136.73.

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 net margin of 19.57% and a return on equity of 24.75%. The firm had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.54 billion. During the same quarter in the previous year, the business posted $3.63 EPS. Constellation Brands’s 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. Equities research analysts expect that Constellation Brands Inc will post 11.85 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be issued a $1.03 dividend. The ex-dividend date of this dividend is Friday, October 30th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.0%. Constellation Brands’s dividend payout ratio is currently 36.95%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Freedom Broker upgraded shares of Constellation Brands from a “hold” rating to a “buy” rating and dropped their target price for the stock from $173.00 to $158.00 in a research note on Thursday, October 8th. Needham & Company LLC decreased their price target on shares of Constellation Brands from $185.00 to $150.00 and set a “buy” rating for the company in a research note on Thursday, October 8th. Barclays lowered their price target on Constellation Brands from $132.00 to $122.00 and set an “equal weight” rating for the company in a report on Tuesday, September 22nd. The Goldman Sachs Group set a $155.00 price objective on Constellation Brands in a research note on Wednesday, October 7th. Finally, Citigroup restated a “negative” rating on shares of Constellation Brands in a report on Wednesday, October 7th. Twelve investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $153.09.

About Constellation Brands

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.