Kentucky Retirement Systems Raises Stock Holdings in Constellation Brands Inc $STZ

Kentucky Retirement Systems boosted its stake in shares of Constellation Brands Inc (NYSE:STZ) by 51.6% during the first quarter, Holdings Channel.com reports. The firm owned 13,756 shares of the company’s stock after purchasing an additional 4,684 shares during the quarter. Kentucky Retirement Systems’ holdings in Constellation Brands were worth $2,063,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. MV Capital Management Inc. bought a new stake in shares of Constellation Brands in the 4th quarter valued at about $26,000. Stance Capital LLC bought a new position in shares of Constellation Brands during the 3rd quarter worth approximately $26,000. Strive Financial Group LLC purchased a new stake in Constellation Brands during the fourth quarter valued at approximately $27,000. Elyxium Wealth LLC purchased a new stake in Constellation Brands during the fourth quarter valued at approximately $33,000. Finally, Root Financial Partners LLC lifted its position in Constellation Brands by 231.3% during the first quarter. Root Financial Partners LLC now owns 222 shares of the company’s stock valued at $33,000 after acquiring an additional 155 shares during the last quarter. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Analyst Ratings Changes

STZ has been the topic of several analyst reports. UBS Group cut their price target on shares of Constellation Brands from $186.00 to $175.00 and set a “buy” rating on the stock in a report on Wednesday, June 17th. Deutsche Bank Aktiengesellschaft decreased their price objective on Constellation Brands from $155.00 to $150.00 and set a “hold” rating for the company in a report on Thursday, July 2nd. Piper Sandler reissued a “neutral” rating and issued a $160.00 price objective on shares of Constellation Brands in a research report on Wednesday, July 1st. TD Cowen restated a “buy” rating and set a $174.00 target price on shares of Constellation Brands in a research note on Wednesday, July 1st. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Constellation Brands in a research report on Monday, May 4th. Eleven equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Constellation Brands presently has an average rating of “Hold” and an average target price of $167.53.

Constellation Brands Stock Down 1.0%

STZ stock opened at $130.38 on Friday. The firm has a 50 day moving average of $138.03 and a 200 day moving average of $148.88. The stock has a market capitalization of $22.27 billion, a PE ratio of 12.44, a price-to-earnings-growth ratio of 4.10 and a beta of 0.39. The company has a quick ratio of 0.48, a current ratio of 0.91 and a debt-to-equity ratio of 1.06. Constellation Brands Inc has a 52 week low of $126.45 and a 52 week high of $174.32.

Constellation Brands (NYSE:STZ) last released its earnings results on Tuesday, June 30th. The company reported $3.43 earnings per share 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 analysts’ expectations of $2.39 billion. During the same period in the prior year, the firm posted $3.22 EPS. The firm’s revenue for the quarter 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 forecast that Constellation Brands Inc will post 11.84 earnings per share for the current year.

Constellation Brands Dividend Announcement

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

Insider Buying and Selling at Constellation Brands

In other news, EVP James O. Bourdeau sold 4,407 shares of the business’s stock in a transaction 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 directly owned 9,109 shares of the company’s stock, valued at $1,304,773.16. The trade was a 32.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 12.20% of the stock is owned by company insiders.

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.