Shelter Ins Retirement Plan Acquires Shares of 5,300 Constellation Brands Inc $STZ

Shelter Ins Retirement Plan acquired a new position in Constellation Brands Inc (NYSE:STZ) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 5,300 shares of the company’s stock, valued at approximately $737,177. Constellation Brands accounts for 0.0% of Shelter Ins Retirement Plan’s holdings, making the stock its 7th biggest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MV Capital Management Inc. bought a new position in Constellation Brands in the fourth quarter worth about $26,000. Stance Capital LLC acquired a new stake in Constellation Brands during the 3rd quarter valued at $26,000. Strive Financial Group LLC purchased a new stake in shares of Constellation Brands during the 4th quarter worth about $27,000. Elyxium Wealth LLC acquired a new position in Constellation Brands in the fourth quarter worth about $33,000. Finally, Root Financial Partners LLC lifted its holdings in Constellation Brands by 231.3% in 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 period. 77.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Piper Sandler reiterated a “neutral” rating and set a $160.00 price target on shares of Constellation Brands in a research report on Wednesday, July 1st. Jefferies Financial Group set a $147.00 price objective on shares of Constellation Brands in a research report on Thursday, July 2nd. TD Cowen restated a “buy” rating and issued a $174.00 price target on shares of Constellation Brands in a research note on Wednesday, July 1st. Weiss Ratings reiterated a “hold (c-)” rating on shares of Constellation Brands in a report on Friday, July 31st. Finally, Wells Fargo & Company decreased their target price on Constellation Brands from $185.00 to $170.00 and set an “overweight” rating on the stock in a research report on Monday, June 29th. Eleven equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $167.53.

Constellation Brands Price Performance

Shares of STZ stock traded up $0.14 during trading hours on Friday, hitting $131.57. The company had a trading volume of 721,681 shares, compared to its average volume of 2,199,203. The firm’s fifty day moving average is $134.52 and its 200 day moving average is $145.26. The firm has a market capitalization of $22.47 billion, a price-to-earnings ratio of 12.55, a PEG ratio of 4.18 and a beta of 1.75. Constellation Brands Inc has a 12 month low of $126.45 and a 12 month high of $168.60. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.48 and a current ratio of 0.91.

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 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 company had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.39 billion. During the same quarter last year, the business earned $3.22 earnings per share. The company’s revenue was down 3.3% 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 predict that Constellation Brands Inc will post 11.84 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, July 30th were paid a $1.03 dividend. The ex-dividend date of this dividend was Thursday, July 30th. This represents a $4.12 annualized dividend and a yield of 3.1%. Constellation Brands’s dividend payout ratio is 39.31%.

About Constellation Brands

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.