Public Employees Retirement System of Ohio Makes New Investment in Constellation Brands Inc $STZ

Public Employees Retirement System of Ohio acquired a new position in Constellation Brands Inc (NYSE:STZ) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 80,471 shares of the company’s stock, valued at approximately $11,193,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. MV Capital Management Inc. purchased a new stake in Constellation Brands in the fourth quarter valued at approximately $26,000. Stance Capital LLC acquired a new stake in shares of Constellation Brands in the third quarter valued at $26,000. Strive Financial Group LLC acquired a new stake in shares of Constellation Brands in the fourth quarter valued at $27,000. Elyxium Wealth LLC purchased a new stake in shares of Constellation Brands in the 4th quarter valued at $33,000. Finally, Root Financial Partners LLC raised its holdings in shares of Constellation Brands by 231.3% in the 1st quarter. Root Financial Partners LLC now owns 222 shares of the company’s stock valued at $33,000 after buying an additional 155 shares during the period. Institutional investors and hedge funds own 77.34% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on STZ shares. Freedom Capital cut Constellation Brands from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. Citigroup reiterated a “buy” rating on shares of Constellation Brands in a research note on Monday, May 18th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Constellation Brands from $155.00 to $150.00 and set a “hold” rating on the stock in a research report on Thursday, July 2nd. JPMorgan Chase & Co. lowered their price objective on shares of Constellation Brands from $169.00 to $165.00 and set a “neutral” rating for the company in a research note on Thursday, July 2nd. Finally, Barclays dropped their price objective on shares of Constellation Brands from $139.00 to $132.00 and set an “equal weight” rating for the company in a report on Tuesday, July 21st. Eleven analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $167.53.

Constellation Brands Price Performance

STZ stock opened at $130.57 on Monday. The business’s 50-day moving average is $134.30 and its two-hundred day moving average is $145.03. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.91 and a quick ratio of 0.48. The firm has a market capitalization of $22.30 billion, a P/E ratio of 12.46, a P/E/G ratio of 4.07 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.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Tuesday, June 30th. The company reported $3.43 EPS 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 company had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.39 billion. During the same period in the prior year, the firm posted $3.22 earnings per share. The business’s quarterly revenue was down 3.3% compared to the same quarter last year. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. Analysts anticipate that Constellation Brands Inc will post 11.84 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Thursday, July 30th were given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Thursday, July 30th. Constellation Brands’s payout ratio is 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.