Kestra Advisory Services LLC Increases Stake in Constellation Brands Inc $STZ

Kestra Advisory Services LLC lifted its stake in shares of Constellation Brands Inc (NYSE:STZ) by 33.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,748 shares of the company’s stock after acquiring an additional 4,659 shares during the quarter. Kestra Advisory Services LLC’s holdings in Constellation Brands were worth $2,812,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Resona Asset Management Co. Ltd. raised its holdings in Constellation Brands by 1.8% in the first quarter. Resona Asset Management Co. Ltd. now owns 45,388 shares of the company’s stock valued at $6,817,000 after acquiring an additional 781 shares in the last quarter. Saxon Interests Inc. acquired a new position in Constellation Brands during the 1st quarter worth approximately $803,000. Montag A & Associates Inc. grew its holdings in Constellation Brands by 14.3% during the 1st quarter. Montag A & Associates Inc. now owns 2,301 shares of the company’s stock worth $345,000 after acquiring an additional 287 shares in the last quarter. Eads & Heald Wealth Management increased its position in shares of Constellation Brands by 38.9% in the 1st quarter. Eads & Heald Wealth Management now owns 2,301 shares of the company’s stock valued at $345,000 after purchasing an additional 645 shares during the last quarter. Finally, Swedbank AB increased its position in shares of Constellation Brands by 29.6% in the 1st quarter. Swedbank AB now owns 81,709 shares of the company’s stock valued at $12,256,000 after purchasing an additional 18,654 shares during the last quarter. 77.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

STZ has been the subject of several recent analyst reports. Wells Fargo & Company decreased their price objective on shares of Constellation Brands from $185.00 to $170.00 and set an “overweight” rating for the company in a research report on Monday, June 29th. UBS Group dropped their target price on Constellation Brands from $186.00 to $175.00 and set a “buy” rating on the stock in a report on Wednesday, June 17th. Morgan Stanley cut their price target on Constellation Brands from $183.00 to $158.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 2nd. Roth Capital reaffirmed a “buy” rating and set a $209.00 price target on shares of Constellation Brands in a report on Thursday, July 2nd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $185.00 price objective on shares of Constellation Brands in a research report on Thursday, July 2nd. Eleven analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $167.89.

Insider Activity at Constellation Brands

In other news, EVP James O. Bourdeau sold 4,407 shares of Constellation Brands stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $143.24, for a total transaction of $631,258.68. Following the sale, the executive vice president owned 9,109 shares in the company, valued at approximately $1,304,773.16. The trade was a 32.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 12.20% of the company’s stock.

Constellation Brands Stock Down 1.9%

Shares of NYSE:STZ opened at $133.16 on Friday. The firm has a 50 day simple moving average of $140.50 and a 200-day simple moving average of $149.50. Constellation Brands Inc has a twelve month low of $126.45 and a twelve month high of $178.13. The company has a current ratio of 0.91, a quick ratio of 0.48 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $22.74 billion, a PE ratio of 12.71, a P/E/G ratio of 4.14 and a beta of 0.39.

Constellation Brands (NYSE:STZ) last posted its earnings results 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 net margin of 18.87% and a return on equity of 25.58%. The company had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.39 billion. During the same period last year, the business earned $3.22 earnings per share. The company’s quarterly 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, equities analysts predict that Constellation Brands Inc will post 11.82 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Thursday, July 30th will be issued a dividend of $1.03 per share. The ex-dividend date of this dividend is Thursday, July 30th. This represents a $4.12 annualized dividend and a dividend yield of 3.1%. Constellation Brands’s dividend payout ratio (DPR) is presently 39.31%.

Constellation Brands Company 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.