Constellation Brands Inc $STZ Stock Holdings Increased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its position in shares of Constellation Brands Inc (NYSE:STZ) by 5.1% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 1,826,652 shares of the company’s stock after purchasing an additional 88,538 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Constellation Brands were worth $274,029,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. MV Capital Management Inc. acquired a new position in shares of Constellation Brands in the 4th quarter worth approximately $26,000. Stance Capital LLC bought a new stake in shares of Constellation Brands in the 3rd quarter valued at approximately $26,000. Strive Financial Group LLC acquired a new stake in shares of Constellation Brands during the 4th quarter valued at approximately $27,000. Cedar Mountain Advisors LLC acquired a new stake in shares of Constellation Brands during the 1st quarter valued at approximately $33,000. Finally, Root Financial Partners LLC lifted its stake in Constellation Brands by 231.3% during 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. Institutional investors own 77.34% of the company’s stock.

Analyst Ratings Changes

STZ has been the subject of a number of research reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $185.00 price objective on shares of Constellation Brands in a report on Thursday, July 2nd. Evercore set a $175.00 price target on shares of Constellation Brands and gave the stock an “outperform” rating in a research report on Friday, April 10th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Constellation Brands in a report on Monday, May 4th. Bank of America lowered their price objective on shares of Constellation Brands from $152.00 to $145.00 and set an “underperform” rating for the company in a research report on Thursday, July 2nd. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Constellation Brands from $169.00 to $165.00 and set a “neutral” rating for the company in a research report on Thursday, July 2nd. Eleven research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $167.53.

Constellation Brands Price Performance

Shares of NYSE:STZ opened at $131.90 on Thursday. The firm’s 50 day moving average is $139.94 and its two-hundred day moving average is $149.44. The firm has a market capitalization of $22.53 billion, a P/E ratio of 12.59, a PEG ratio of 4.07 and a beta of 0.39. The company has a current ratio of 0.91, a quick ratio of 0.48 and a debt-to-equity ratio of 1.06. Constellation Brands Inc has a 52 week low of $126.45 and a 52 week high of $178.13.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Tuesday, June 30th. The company reported $3.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.70 by ($0.27). Constellation Brands had a return on equity of 25.58% and a net margin of 18.87%.The business had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same period last year, the company earned $3.22 earnings per share. The business’s quarterly revenue was down 3.3% compared to the same quarter last year. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. Analysts anticipate that Constellation Brands Inc will post 11.82 earnings per share for the current year.

Constellation Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Thursday, July 30th will be given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Thursday, July 30th. Constellation Brands’s payout ratio is 39.31%.

Insider Activity

In other news, EVP James O. Bourdeau sold 4,407 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $143.24, for a total transaction of $631,258.68. Following the transaction, the executive vice president directly owned 9,109 shares of the company’s stock, valued at approximately $1,304,773.16. This trade represents a 32.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 12.20% of the company’s stock.

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.