Raiffeisen Bank International AG Raises Stake in Constellation Brands Inc $STZ

Raiffeisen Bank International AG increased its holdings in shares of Constellation Brands Inc (NYSE:STZ) by 1,689.5% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,156 shares of the company’s stock after purchasing an additional 5,812 shares during the quarter. Raiffeisen Bank International AG’s holdings in Constellation Brands were worth $859,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. HM Payson & Co. increased its position in shares of 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 acquiring an additional 64 shares in the last quarter. Clearstead Trust LLC lifted its holdings in shares of Constellation Brands by 14.2% during the 4th quarter. Clearstead Trust LLC now owns 548 shares of the company’s stock valued at $76,000 after acquiring an additional 68 shares in the last quarter. Johnson Financial Group Inc. lifted its holdings in shares of Constellation Brands by 24.9% during the 4th quarter. Johnson Financial Group Inc. now owns 346 shares of the company’s stock valued at $48,000 after acquiring an additional 69 shares in the last quarter. HB Wealth Management LLC boosted its position in Constellation Brands by 0.7% during the 1st quarter. HB Wealth Management LLC now owns 10,795 shares of the company’s stock worth $1,619,000 after purchasing an additional 72 shares during the period. Finally, Smartleaf Asset Management LLC boosted its position in Constellation Brands by 5.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,338 shares of the company’s stock worth $188,000 after purchasing an additional 74 shares during the period. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on STZ. Wells Fargo & Company cut their price objective on Constellation Brands from $185.00 to $170.00 and set an “overweight” rating on the stock in a research report on Monday, June 29th. Deutsche Bank Aktiengesellschaft decreased their target price on Constellation Brands from $155.00 to $150.00 and set a “hold” rating for the company in a research report on Thursday, July 2nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Constellation Brands in a report on Friday, July 31st. Needham & Company LLC reissued a “buy” rating and set a $185.00 price target on shares of Constellation Brands in a research report on Thursday, July 2nd. Finally, UBS Group decreased their price target on Constellation Brands from $186.00 to $175.00 and set a “buy” rating for the company in a report on Wednesday, June 17th. Eleven analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $170.00.

Constellation Brands Trading Down 0.7%

Shares of NYSE STZ opened at $128.19 on Friday. 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 price is $132.87 and its two-hundred day moving average price is $144.06. Constellation Brands Inc has a 52-week low of $126.45 and a 52-week high of $168.60. The stock has a market capitalization of $21.89 billion, a P/E ratio of 12.23, a PEG ratio of 2.42 and a beta of 0.41.

Constellation Brands (NYSE:STZ) last posted its quarterly 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 firm had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.39 billion. During the same period in the prior year, the company posted $3.22 earnings per share. The business’s 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, analysts anticipate that Constellation Brands Inc will post 11.84 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, July 30th were given 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 was Thursday, July 30th. Constellation Brands’s payout ratio is 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.