Constellation Brands Inc $STZ Shares Bought by Gibbs Wealth Management

Gibbs Wealth Management raised its position in shares of Constellation Brands Inc (NYSE:STZ) by 183.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,793 shares of the company’s stock after purchasing an additional 10,230 shares during the quarter. Gibbs Wealth Management’s holdings in Constellation Brands were worth $2,369,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Capital International Investors increased its holdings in Constellation Brands by 48.5% in the 4th quarter. Capital International Investors now owns 6,442,600 shares of the company’s stock worth $888,930,000 after buying an additional 2,105,546 shares during the period. Norges Bank acquired a new stake in Constellation Brands during the 4th quarter valued at approximately $267,798,000. Ameriprise Financial Inc. boosted its holdings in shares of Constellation Brands by 650.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,769,741 shares of the company’s stock valued at $287,889,000 after acquiring an additional 1,533,961 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Constellation Brands by 14.0% in the 4th quarter. Wellington Management Group LLP now owns 6,018,653 shares of the company’s stock valued at $830,333,000 after acquiring an additional 739,393 shares during the last quarter. Finally, Pzena Investment Management LLC acquired a new stake in shares of Constellation Brands in the fourth quarter worth $81,381,000. 77.34% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Constellation Brands news, EVP James O. Bourdeau sold 4,407 shares of the stock in a transaction that occurred 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 owned 9,109 shares in the company, valued at approximately $1,304,773.16. This represents a 32.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 12.20% of the company’s stock.

Analyst Upgrades and Downgrades

STZ has been the subject of several recent research reports. Piper Sandler reissued a “neutral” rating and set a $160.00 target price on shares of Constellation Brands in a report on Wednesday, July 1st. TD Cowen reaffirmed a “buy” rating and set a $174.00 price target on shares of Constellation Brands in a research report on Wednesday, July 1st. Roth Capital reiterated a “buy” rating and set a $209.00 price objective on shares of Constellation Brands in a research note on Thursday, July 2nd. Freedom Capital cut Constellation Brands from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. Finally, UBS Group lowered their target price on Constellation Brands from $186.00 to $175.00 and set a “buy” rating on the stock in a research note on Wednesday, June 17th. Eleven equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $167.53.

Constellation Brands Stock Down 2.2%

STZ stock opened at $129.16 on Friday. The firm has a market cap of $22.06 billion, a PE ratio of 12.32, a P/E/G ratio of 4.12 and a beta of 0.39. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.48 and a current ratio of 0.91. The firm’s fifty day moving average is $139.71 and its 200 day moving average is $149.36. Constellation Brands Inc has a one year low of $126.45 and a one year high of $176.82.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Tuesday, June 30th. The company reported $3.43 earnings per share 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 firm had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.39 billion. During the same quarter last year, the company posted $3.22 EPS. 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, research analysts forecast that Constellation Brands Inc will post 11.82 EPS for the current year.

Constellation Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Thursday, July 30th will be issued a $1.03 dividend. The ex-dividend date of this dividend is Thursday, July 30th. This represents a $4.12 dividend on an annualized basis and a yield of 3.2%. Constellation Brands’s dividend payout ratio is presently 39.31%.

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.