Canandaigua National Bank & Trust Co. Buys New Holdings in Constellation Brands Inc $STZ

Canandaigua National Bank & Trust Co. purchased a new position in shares of Constellation Brands Inc (NYSE:STZ) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 41,492 shares of the company’s stock, valued at approximately $5,771,000.

Several other hedge funds and other institutional investors have also modified their holdings of STZ. Hudson Edge Investment Partners Inc. raised its stake in shares of Constellation Brands by 36.1% in the 4th quarter. Hudson Edge Investment Partners Inc. now owns 48,062 shares of the company’s stock valued at $6,631,000 after acquiring an additional 12,746 shares during the period. Swiss Life Asset Management Ltd boosted its position in Constellation Brands by 99.1% during the 4th quarter. Swiss Life Asset Management Ltd now owns 38,489 shares of the company’s stock worth $5,310,000 after purchasing an additional 19,161 shares during the period. OLD Republic International Corp increased its holdings in Constellation Brands by 76.7% in the 4th quarter. OLD Republic International Corp now owns 193,500 shares of the company’s stock valued at $26,695,000 after purchasing an additional 84,000 shares in the last quarter. Swedbank AB raised its position in Constellation Brands by 108.1% in the fourth quarter. Swedbank AB now owns 63,055 shares of the company’s stock valued at $8,699,000 after purchasing an additional 32,757 shares during the period. Finally, Jefferies Financial Group Inc. purchased a new position in Constellation Brands in the fourth quarter valued at about $14,639,000. 77.34% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP James O. Bourdeau sold 4,407 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was 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 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 link. Company insiders own 12.20% of the company’s stock.

Constellation Brands Stock Down 0.2%

Shares of NYSE:STZ opened at $131.06 on Wednesday. Constellation Brands Inc has a 12-month low of $126.45 and a 12-month high of $174.32. 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 firm has a market cap of $22.38 billion, a PE ratio of 12.51, a price-to-earnings-growth ratio of 4.09 and a beta of 0.40. The company has a fifty day simple moving average of $136.95 and a 200 day simple moving average of $148.40.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data 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). The company had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.39 billion. Constellation Brands had a return on equity of 25.58% and a net margin of 18.87%.Constellation Brands’s revenue was down 3.3% on a year-over-year basis. During the same period in the prior year, the business earned $3.22 earnings per share. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. On average, equities research analysts anticipate that Constellation Brands Inc will post 11.84 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. TD Cowen reiterated a “buy” rating and set a $174.00 target price on shares of Constellation Brands in a report on Wednesday, July 1st. Barclays dropped their price objective on shares of Constellation Brands from $139.00 to $132.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 21st. BMO Capital Markets reissued an “outperform” rating and set a $190.00 target price on shares of Constellation Brands in a research report on Thursday, July 2nd. Morgan Stanley dropped their price target on shares of 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. Finally, Wells Fargo & Company cut their price objective on shares of Constellation Brands from $185.00 to $170.00 and set an “overweight” rating on the stock in a report on Monday, June 29th. Eleven equities 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $167.53.

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.