Western Wealth Management LLC Buys New Shares in Constellation Brands Inc $STZ

Western Wealth Management LLC purchased a new position in Constellation Brands Inc (NYSE:STZ) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,519 shares of the company’s stock, valued at approximately $1,128,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bank of America Corp DE boosted its position in shares of Constellation Brands by 9.5% during the 1st quarter. Bank of America Corp DE now owns 1,403,275 shares of the company’s stock worth $210,491,000 after purchasing an additional 121,515 shares in the last quarter. Edgestream Partners L.P. bought a new stake in Constellation Brands in the 1st quarter valued at about $334,000. Kentucky Retirement Systems raised its stake in Constellation Brands by 51.6% during the 1st quarter. Kentucky Retirement Systems now owns 13,756 shares of the company’s stock worth $2,063,000 after buying an additional 4,684 shares during the period. Janus Henderson Group PLC raised its stake in Constellation Brands by 5.7% during the 1st quarter. Janus Henderson Group PLC now owns 585,891 shares of the company’s stock worth $87,884,000 after buying an additional 31,749 shares during the period. Finally, Oddo BHF Asset Management Sas boosted its holdings in Constellation Brands by 3.3% in the first quarter. Oddo BHF Asset Management Sas now owns 10,908 shares of the company’s stock worth $1,636,000 after acquiring an additional 353 shares in the last quarter. 77.34% of the stock is owned by institutional investors.

Insider Transactions at Constellation Brands

In other news, EVP James O. Bourdeau sold 4,407 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $143.24, for a total value of $631,258.68. Following the completion of the sale, the executive vice president owned 9,109 shares in the company, valued at $1,304,773.16. This represents a 32.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 12.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

STZ has been the subject of a number of research reports. Piper Sandler reissued a “neutral” rating and issued a $160.00 price objective on shares of Constellation Brands in a research note on Wednesday, July 1st. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Constellation Brands in a research report on Wednesday, July 1st. 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 report on Thursday, July 2nd. Needham & Company LLC reissued a “buy” rating and issued a $185.00 price target on shares of Constellation Brands in a research report on Thursday, July 2nd. Finally, Barclays decreased their price target on shares of Constellation Brands from $139.00 to $132.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 21st. Eleven research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $167.53.

Constellation Brands Stock Up 0.1%

STZ stock opened at $130.30 on Monday. Constellation Brands Inc has a twelve month low of $126.45 and a twelve month high of $174.32. 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 stock’s 50 day moving average is $137.64 and its 200-day moving average is $148.73. The firm has a market capitalization of $22.25 billion, a PE ratio of 12.43, a P/E/G ratio of 4.05 and a beta of 0.40.

Constellation Brands (NYSE:STZ) last announced its earnings results on Tuesday, June 30th. The company reported $3.43 earnings per share (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 company had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.39 billion. During the same period in the previous year, the firm earned $3.22 EPS. The firm’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. Sell-side analysts expect that Constellation Brands Inc will post 11.84 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. This represents a $4.12 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Thursday, July 30th. Constellation Brands’s payout ratio is currently 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.