Nykredit A S Makes New Investment in Constellation Brands Inc $STZ

Nykredit A S bought a new position in Constellation Brands Inc (NYSE:STZ) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 601,676 shares of the company’s stock, valued at approximately $83,687,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Capital International Investors lifted its position in shares of Constellation Brands by 48.5% during the fourth quarter. Capital International Investors now owns 6,442,600 shares of the company’s stock valued at $888,930,000 after purchasing an additional 2,105,546 shares in the last quarter. Norges Bank bought a new stake in Constellation Brands in the 4th quarter worth about $267,798,000. Ameriprise Financial Inc. grew its position in Constellation Brands by 650.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,769,741 shares of the company’s stock worth $287,889,000 after purchasing an additional 1,533,961 shares in the last quarter. Wellington Management Group LLP increased its stake in 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 buying an additional 739,393 shares during the last quarter. Finally, Pzena Investment Management LLC bought a new position in shares of Constellation Brands during the 4th quarter worth approximately $81,381,000. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Wall Street Analysts Forecast Growth

STZ has been the topic of a number of research analyst reports. Bank of America cut their target price on Constellation Brands from $152.00 to $145.00 and set an “underperform” rating on the stock in a research note on Thursday, July 2nd. Barclays cut their price objective on Constellation Brands from $139.00 to $132.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 21st. Weiss Ratings restated a “hold (c-)” rating on shares of Constellation Brands in a research note on Friday, July 31st. BMO Capital Markets reaffirmed an “outperform” rating and set a $190.00 target price on shares of Constellation Brands in a research report on Thursday, July 2nd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $185.00 target price 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 one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $170.00.

Constellation Brands Trading Down 0.9%

Shares of STZ stock opened at $129.42 on Thursday. The company has a quick ratio of 0.48, a current ratio of 0.91 and a debt-to-equity ratio of 1.06. The firm has a market cap of $22.10 billion, a P/E ratio of 12.35, a PEG ratio of 2.46 and a beta of 1.75. The company has a 50 day moving average of $133.55 and a 200-day moving average of $144.32. Constellation Brands Inc has a 12-month low of $126.45 and a 12-month high of $168.60.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings data 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 firm had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.39 billion. During the same quarter in the previous year, the company posted $3.22 EPS. Constellation Brands’s revenue for the quarter 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 anticipate that Constellation Brands Inc will post 11.84 earnings per share for the current year.

Constellation Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Thursday, July 30th were paid a dividend of $1.03 per share. The ex-dividend date was Thursday, July 30th. This represents a $4.12 annualized dividend and a dividend 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.