Constellation Brands Inc $STZ Stock Holdings Increased by CORDA Investment Management LLC.

CORDA Investment Management LLC. grew its holdings in shares of Constellation Brands Inc (NYSE:STZ) by 12.6% in the first quarter, HoldingsChannel reports. The fund owned 140,050 shares of the company’s stock after buying an additional 15,694 shares during the period. CORDA Investment Management LLC.’s holdings in Constellation Brands were worth $21,008,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of STZ. Procyon Advisors LLC bought a new stake in shares of Constellation Brands during the first quarter valued at about $312,000. Diversify Wealth Management LLC increased its stake in Constellation Brands by 89.3% during the 1st quarter. Diversify Wealth Management LLC now owns 5,938 shares of the company’s stock valued at $893,000 after buying an additional 2,802 shares during the period. Midwest Trust Co raised its position in shares of Constellation Brands by 8.9% during the 1st quarter. Midwest Trust Co now owns 1,611 shares of the company’s stock worth $242,000 after buying an additional 132 shares in the last quarter. Fifth Third Bancorp lifted its stake in shares of Constellation Brands by 251.6% in the 1st quarter. Fifth Third Bancorp now owns 35,503 shares of the company’s stock worth $5,325,000 after acquiring an additional 25,406 shares during the period. Finally, U S Global Investors Inc. bought a new position in shares of Constellation Brands in the first quarter valued at approximately $150,000. 77.34% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

STZ has been the topic of several recent analyst reports. Morgan Stanley dropped their target price on Constellation Brands from $183.00 to $158.00 and set an “equal weight” rating on the stock in a report on Thursday, July 2nd. Deutsche Bank Aktiengesellschaft lowered their price target on Constellation Brands from $155.00 to $150.00 and set a “hold” rating on the stock in a research report on Thursday, July 2nd. Freedom Capital cut Constellation Brands from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 1st. Bank of America dropped their price target on shares of Constellation Brands from $152.00 to $145.00 and set an “underperform” rating on the stock in a research report on Thursday, July 2nd. Finally, TD Cowen restated a “buy” rating and set a $174.00 price objective on shares of Constellation Brands in a research report on Wednesday, July 1st. 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 data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $167.89.

Insider Transactions at Constellation Brands

In other Constellation Brands news, EVP James O. Bourdeau sold 4,407 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $143.24, for a total transaction of $631,258.68. Following the sale, the executive vice president directly owned 9,109 shares of the company’s stock, valued at $1,304,773.16. The trade was a 32.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 12.20% of the stock is currently owned by company insiders.

Constellation Brands Trading Down 0.1%

Shares of NYSE STZ opened at $133.87 on Monday. The company has a quick ratio of 0.48, a current ratio of 0.91 and a debt-to-equity ratio of 1.06. Constellation Brands Inc has a 12 month low of $126.45 and a 12 month high of $178.13. The company has a market cap of $22.86 billion, a price-to-earnings ratio of 12.77, a P/E/G ratio of 4.18 and a beta of 0.39. The business has a fifty day simple moving average of $142.33 and a 200-day simple moving average of $149.79.

Constellation Brands (NYSE:STZ) last posted 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 in the previous year, the firm posted $3.22 EPS. Constellation Brands’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. Sell-side analysts predict that Constellation Brands Inc will post 11.82 EPS for the current year.

Constellation Brands Announces Dividend

The company also recently disclosed 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 annualized dividend and a yield of 3.1%. The ex-dividend date is Thursday, July 30th. Constellation Brands’s payout ratio is presently 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.