Cetera Investment Advisers Increases Stake in Constellation Brands Inc $STZ

Cetera Investment Advisers lifted its position in Constellation Brands Inc (NYSE:STZ) by 10.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 70,364 shares of the company’s stock after acquiring an additional 6,522 shares during the quarter. Cetera Investment Advisers’ holdings in Constellation Brands were worth $10,555,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in STZ. Choreo LLC lifted its stake in shares of Constellation Brands by 2.1% during the 4th quarter. Choreo LLC now owns 3,116 shares of the company’s stock worth $437,000 after acquiring an additional 63 shares during the last quarter. HM Payson & Co. increased its stake in Constellation Brands by 10.0% in the fourth quarter. HM Payson & Co. now owns 701 shares of the company’s stock worth $97,000 after purchasing an additional 64 shares during the period. Clearstead Trust LLC increased its stake in Constellation Brands by 14.2% in the fourth quarter. Clearstead Trust LLC now owns 548 shares of the company’s stock worth $76,000 after purchasing an additional 68 shares during the period. Johnson Financial Group Inc. lifted its position in shares of Constellation Brands by 24.9% during the fourth quarter. Johnson Financial Group Inc. now owns 346 shares of the company’s stock worth $48,000 after purchasing an additional 69 shares during the last quarter. Finally, HB Wealth Management LLC boosted its stake in shares of Constellation Brands by 0.7% during the first quarter. HB Wealth Management LLC now owns 10,795 shares of the company’s stock valued at $1,619,000 after purchasing an additional 72 shares during the period. 77.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on STZ shares. Needham & Company LLC restated a “buy” rating and issued a $185.00 target price on shares of Constellation Brands in a research note on Thursday, July 2nd. BMO Capital Markets reiterated an “outperform” rating and issued a $190.00 price target on shares of Constellation Brands in a report on Thursday, July 2nd. Morgan Stanley dropped their price objective 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. Jefferies Financial Group set a $147.00 price objective on Constellation Brands in a report on Thursday, July 2nd. Finally, Freedom Capital cut Constellation Brands from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. 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 MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $167.53.

Constellation Brands Trading Down 1.0%

Shares of NYSE:STZ opened at $130.38 on Friday. The business’s 50-day moving average is $138.03 and its 200 day moving average is $148.88. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.91 and a quick ratio of 0.48. Constellation Brands Inc has a 1 year low of $126.45 and a 1 year high of $174.32. The firm has a market capitalization of $22.27 billion, a P/E ratio of 12.44, a P/E/G ratio of 4.10 and a beta of 0.39.

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 return on equity of 25.58% and a net margin of 18.87%.The company had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.39 billion. During the same quarter in the previous year, the firm posted $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, research analysts predict that Constellation Brands Inc will post 11.84 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Thursday, July 30th will be issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Thursday, July 30th. Constellation Brands’s dividend payout ratio (DPR) is 39.31%.

Insiders Place Their Bets

In other news, EVP James O. Bourdeau sold 4,407 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were 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 of the company’s stock, valued at $1,304,773.16. This trade represents a 32.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 12.20% of the company’s stock.

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.