Constellation Brands Inc $STZ Stock Holdings Boosted by Summit Financial LLC

Summit Financial LLC increased its position in Constellation Brands Inc (NYSE:STZ) by 7.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,236 shares of the company’s stock after acquiring an additional 83 shares during the period. Summit Financial LLC’s holdings in Constellation Brands were worth $227,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of STZ. Vanguard Group Inc. increased its stake in shares of Constellation Brands by 18.6% in the first quarter. Vanguard Group Inc. now owns 18,417,604 shares of the company’s stock valued at $3,379,999,000 after purchasing an additional 2,882,817 shares during the period. Berkshire Hathaway Inc bought a new position in Constellation Brands in the 4th quarter worth approximately $1,242,976,000. Wellington Management Group LLP grew its holdings in Constellation Brands by 127.9% in the 1st quarter. Wellington Management Group LLP now owns 4,480,788 shares of the company’s stock worth $822,314,000 after buying an additional 2,514,517 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Constellation Brands by 7.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,922,122 shares of the company’s stock valued at $352,748,000 after acquiring an additional 139,158 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Constellation Brands by 4.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,693,827 shares of the company’s stock valued at $310,851,000 after acquiring an additional 76,186 shares in the last quarter. 77.34% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Constellation Brands

In other news, EVP James O. Bourdeau sold 821 shares of the firm’s stock in a transaction on Monday, July 21st. The stock was sold at an average price of $169.00, for a total transaction of $138,749.00. Following the completion of the sale, the executive vice president directly owned 9,438 shares of the company’s stock, valued at $1,595,022. This trade represents a 8.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 12.45% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

STZ has been the subject of several recent analyst reports. Raymond James Financial raised Constellation Brands to a “strong-buy” rating in a research note on Monday, July 7th. Roth Capital reduced their price objective on shares of Constellation Brands from $256.00 to $239.00 and set a “buy” rating for the company in a report on Tuesday, May 20th. Cowen reissued a “hold” rating on shares of Constellation Brands in a research note on Monday, July 7th. Wall Street Zen upgraded shares of Constellation Brands from a “sell” rating to a “hold” rating in a research report on Tuesday, May 20th. Finally, Needham & Company LLC upped their price target on shares of Constellation Brands from $195.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, July 3rd. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $213.74.

Constellation Brands Stock Performance

NYSE:STZ opened at $163.97 on Tuesday. The company has a 50-day moving average of $168.38 and a 200-day moving average of $175.98. The firm has a market cap of $28.91 billion, a price-to-earnings ratio of -68.61, a price-to-earnings-growth ratio of 10.15 and a beta of 0.67. The company has a current ratio of 1.07, a quick ratio of 0.68 and a debt-to-equity ratio of 1.30. Constellation Brands Inc has a twelve month low of $159.35 and a twelve month high of $261.06.

Constellation Brands (NYSE:STZ) last released its earnings results on Tuesday, July 1st. The company reported $3.22 EPS for the quarter, missing the consensus estimate of $3.45 by ($0.23). The business had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.57 billion. Constellation Brands had a negative net margin of 4.11% and a positive return on equity of 31.41%. The firm’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same period in the prior year, the company earned $3.57 earnings per share. Constellation Brands has set its FY 2026 guidance at 12.600-12.900 EPS. Analysts forecast that Constellation Brands Inc will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Wednesday, July 30th were given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Wednesday, July 30th. Constellation Brands’s dividend payout ratio is -170.71%.

Constellation Brands Company Profile

Constellation Brands, Inc, together with its subsidiaries, produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company provides beer primarily under the Corona Extra, Corona Familiar, Corona Hard Seltzer, Corona Light, Corona Non-Alcoholic, Corona Premier, Corona Refresca, Modelo Especial, Modelo Chelada, Modelo Negra, Modelo Oro, Victoria, Vicky Chamoy, and Pacifico brands.