Shelter Mutual Insurance Co Purchases New Position in Constellation Brands Inc $STZ

Shelter Mutual Insurance Co acquired a new stake in Constellation Brands Inc (NYSE:STZ) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,300 shares of the company’s stock, valued at approximately $1,433,000.

A number of other large investors have also modified their holdings of the stock. HM Payson & Co. raised its stake in shares of Constellation Brands by 10.0% during the fourth quarter. HM Payson & Co. now owns 701 shares of the company’s stock valued at $97,000 after purchasing an additional 64 shares during the period. Clearstead Trust LLC lifted its stake in shares of Constellation Brands by 14.2% in the fourth quarter. Clearstead Trust LLC now owns 548 shares of the company’s stock worth $76,000 after acquiring an additional 68 shares in the last quarter. Johnson Financial Group Inc. boosted its stake in shares of Constellation Brands by 24.9% during the 4th quarter. Johnson Financial Group Inc. now owns 346 shares of the company’s stock valued at $48,000 after buying an additional 69 shares during the last quarter. HB Wealth Management LLC grew its position in shares of Constellation Brands by 0.7% during the first quarter. HB Wealth Management LLC now owns 10,795 shares of the company’s stock worth $1,619,000 after buying an additional 72 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in shares of Constellation Brands by 5.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,338 shares of the company’s stock worth $188,000 after buying an additional 74 shares during the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on STZ shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Constellation Brands in a research note on Friday, July 31st. Barclays cut their target price on shares of Constellation Brands from $139.00 to $132.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 21st. UBS Group reduced their price target on shares of Constellation Brands from $186.00 to $175.00 and set a “buy” rating on the stock in a research report on Wednesday, June 17th. Morgan Stanley lowered their price objective on Constellation Brands from $183.00 to $158.00 and set an “equal weight” rating for the company in a report on Thursday, July 2nd. Finally, BMO Capital Markets restated an “outperform” rating and set a $190.00 price objective on shares of Constellation Brands in a research note on Thursday, July 2nd. Eleven investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Constellation Brands has a consensus rating of “Hold” and a consensus target price of $167.53.

Constellation Brands Stock Up 1.0%

Shares of NYSE:STZ opened at $135.42 on Friday. The stock has a market capitalization of $23.13 billion, a price-to-earnings ratio of 12.92, a price-to-earnings-growth ratio of 4.17 and a beta of 1.75. Constellation Brands Inc has a 1-year low of $126.45 and a 1-year high of $168.60. The company’s fifty day moving average is $135.20 and its two-hundred day moving average is $146.17. 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 posted its quarterly earnings results on Tuesday, June 30th. The company reported $3.43 EPS for the quarter, missing the consensus estimate of $3.70 by ($0.27). Constellation Brands had a net margin of 18.87% and a return on equity of 25.58%. The business had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.39 billion. During the same period last year, the firm posted $3.22 earnings per share. The company’s quarterly 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. Equities analysts anticipate that Constellation Brands Inc will post 11.84 EPS for the current year.

Constellation Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, July 30th were issued a $1.03 dividend. The ex-dividend date of this dividend was Thursday, July 30th. This represents a $4.12 dividend on an annualized basis and a yield of 3.0%. Constellation Brands’s dividend payout ratio (DPR) is currently 39.31%.

Constellation Brands Company 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.