9,890 Constellation Brands Inc $STZ Shares Purchased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Constellation Brands Inc (NYSE:STZ) by 3.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 291,231 shares of the company’s stock after buying an additional 9,890 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Constellation Brands were worth $32,927,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in STZ. Dimensional Fund Advisors LP boosted its stake in Constellation Brands by 5.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,826,652 shares of the company’s stock worth $274,029,000 after buying an additional 88,538 shares during the last quarter. Bank of America Corp DE grew its holdings in Constellation Brands by 9.5% in the 1st quarter. Bank of America Corp DE now owns 1,403,275 shares of the company’s stock valued at $210,491,000 after buying an additional 121,515 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Constellation Brands by 4.0% during the 1st quarter. Bank of New York Mellon Corp now owns 1,042,651 shares of the company’s stock valued at $156,398,000 after acquiring an additional 40,124 shares during the last quarter. Empyrean Capital Partners LP increased its stake in shares of Constellation Brands by 3.3% during the 1st quarter. Empyrean Capital Partners LP now owns 606,200 shares of the company’s stock valued at $90,930,000 after acquiring an additional 19,500 shares during the last quarter. Finally, Janus Henderson Group PLC increased its stake in shares of Constellation Brands by 5.7% during the 1st quarter. Janus Henderson Group PLC now owns 585,891 shares of the company’s stock valued at $87,884,000 after acquiring an additional 31,749 shares during the last quarter. 77.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on STZ. Sanford C. Bernstein lowered their target price on shares of Constellation Brands from $197.00 to $180.00 and set an “outperform” rating for the company in a report on Monday, September 28th. UBS Group cut their price target on shares of Constellation Brands from $145.00 to $144.00 and set a “buy” rating on the stock in a research note on Thursday, October 8th. TD Cowen decreased their price target on shares of Constellation Brands from $174.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday, September 17th. Evercore set a $160.00 price target on shares of Constellation Brands in a report on Monday, September 21st. Finally, Freedom Broker raised shares of Constellation Brands from a “hold” rating to a “buy” rating and lowered their price objective for the company from $173.00 to $158.00 in a research note on Thursday, October 8th. Twelve analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $154.09.

Constellation Brands Trading Down 0.6%

NYSE STZ opened at $144.59 on Friday. Constellation Brands Inc has a one year low of $110.60 and a one year high of $168.60. The company’s 50 day moving average price is $125.90 and its 200 day moving average price is $141.57. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.53 and a current ratio of 1.00. The firm has a market capitalization of $24.47 billion, a price-to-earnings ratio of 11.99, a PEG ratio of 2.98 and a beta of 0.39.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Tuesday, October 6th. The company reported $3.74 earnings per share (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 company had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.54 billion. During the same period in the previous year, the firm earned $3.63 earnings per share. Constellation Brands’s revenue for the quarter was up 6.1% 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 11.85 EPS for the current year.

Constellation Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be issued a dividend of $1.03 per share. The ex-dividend date is Friday, October 30th. This represents a $4.12 annualized dividend and a dividend yield of 2.8%. Constellation Brands’s payout ratio is presently 36.95%.

Constellation Brands News Roundup

Here are the key news stories impacting Constellation Brands this week:

• Positive Sentiment: Bank of America upgraded STZ from Underperform to Neutral and raised its price target to $160 from $120. The bank sees less risk of additional immigration-policy tightening weighing on the company’s beer business under a Democratic-controlled Congress. Constellation Brands Could See Immigration Headwinds Ease Under Democratic Congress, BofA Says
• Positive Sentiment: STZ is up 22.9% since its last earnings report. Its recent quarterly results beat consensus for both earnings and revenue, providing a favorable backdrop, although the latest articles offer no new earnings forecast catalyst. Constellation Brands Up 22.9% Since Last Earnings Report
• Neutral Sentiment: Shares gained on Wednesday but lagged some competitors, suggesting the advance was not as strong as across parts of the market. Constellation Brands Stock Underperforms Competitors Despite Daily Gains
• Negative Sentiment: Industry concerns persist: U.S. alcohol consumption remains historically low, and tariffs have sharply reduced U.S. spirits exports. These pressures could limit the benefit of improved policy expectations. Alcohol Stocks Jump as Blue Wave Boosts Industry Prospects

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.