Constellation Brands Inc $STZ Stock: Rakuten Investment Management Inc. Grows Holdings

Rakuten Investment Management Inc. raised its holdings in shares of Constellation Brands Inc (NYSE:STZ) by 18.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,378 shares of the company’s stock after purchasing an additional 4,217 shares during the period. Rakuten Investment Management Inc.’s holdings in Constellation Brands were worth $3,087,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of STZ. Nykredit A S bought a new stake in shares of Constellation Brands during the second quarter worth approximately $83,687,000. Diamond Hill Capital Management LLC Investment Advisor bought a new position in Constellation Brands in the second quarter valued at approximately $31,582,000. Assenagon Asset Management S.A. boosted its stake in Constellation Brands by 197.7% in the second quarter. Assenagon Asset Management S.A. now owns 338,172 shares of the company’s stock valued at $47,036,000 after acquiring an additional 224,578 shares during the last quarter. Junto Capital Management LP bought a new position in Constellation Brands in the second quarter valued at approximately $21,683,000. Finally, Bank of America Corp DE boosted its stake in Constellation Brands by 9.5% in the first quarter. Bank of America Corp DE now owns 1,403,275 shares of the company’s stock valued at $210,491,000 after acquiring an additional 121,515 shares during the last quarter. Institutional investors own 77.34% of the company’s stock.

Analyst Upgrades and Downgrades

STZ has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Constellation Brands from $136.00 to $127.00 and set a “hold” rating for the company in a research report on Thursday, October 8th. Sanford C. Bernstein reduced their price target on Constellation Brands from $197.00 to $180.00 and set an “outperform” rating on the stock in a research report on Monday, September 28th. Morgan Stanley reaffirmed a “negative” rating and set a $145.00 price objective (down from $158.00) on shares of Constellation Brands in a research note on Thursday, October 8th. UBS Group decreased their price objective on Constellation Brands from $145.00 to $144.00 and set a “buy” rating for the company in a research note on Thursday, October 8th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Constellation Brands in a report on Tuesday, October 27th. Twelve investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, Constellation Brands presently has a consensus rating of “Hold” and a consensus target price of $154.09.

Constellation Brands Stock Down 1.9%

Shares of NYSE STZ opened at $141.85 on Friday. The stock has a market cap of $24.00 billion, a P/E ratio of 12.72, a P/E/G ratio of 2.91 and a beta of 0.39. The firm has a 50 day moving average price of $126.11 and a 200 day moving average price of $141.46. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.53 and a current ratio of 1.00. Constellation Brands Inc has a 52-week low of $110.60 and a 52-week high of $168.60.

Constellation Brands (NYSE:STZ) last issued its earnings results on Tuesday, October 6th. The company reported $3.74 EPS for the quarter, beating the consensus estimate of $3.62 by $0.12. The firm had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.54 billion. Constellation Brands had a net margin of 19.57% and a return on equity of 24.75%. The business’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.63 earnings per share. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. Analysts expect that Constellation Brands Inc will post 11.85 EPS for the current year.

Constellation Brands Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be issued a $1.03 dividend. The ex-dividend date of this dividend is Friday, October 30th. This represents a $4.12 annualized dividend and a dividend yield of 2.9%. Constellation Brands’s payout ratio is 36.95%.

Constellation Brands Company Profile

Constellation Brands is a beverage alcohol company focused on beer, wine and spirits. Its beer portfolio includes Modelo Especial, Corona Extra and Pacifico, which it markets in the United States under its agreement with Grupo Modelo.

The company also owns premium wine and spirits brands, including Robert Mondavi Winery and The Prisoner Wine Company. Its products reach consumers primarily in the United States, with operations and distribution extending to other markets.

Founded in 1945 as Canandaigua Wine Company in New York, the business grew through brand development and acquisitions before adopting the Constellation Brands name.