5,000 Constellation Brands Inc $STZ Shares Acquired by U S Global Investors Inc.

U S Global Investors Inc. raised its holdings in shares of Constellation Brands Inc (NYSE:STZ) by 500.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,000 shares of the company’s stock after buying an additional 5,000 shares during the period. U S Global Investors Inc.’s holdings in Constellation Brands were worth $678,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of STZ. Dimensional Fund Advisors LP raised its holdings in shares of Constellation Brands by 5.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,826,652 shares of the company’s stock worth $274,029,000 after buying an additional 88,538 shares during the period. Bank of America Corp DE boosted its holdings in 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 valued at $210,491,000 after acquiring an additional 121,515 shares during the period. Bank of New York Mellon Corp boosted its holdings in Constellation Brands by 4.0% during the 1st quarter. Bank of New York Mellon Corp now owns 1,042,651 shares of the company’s stock valued at $156,398,000 after acquiring an additional 40,124 shares during the period. Empyrean Capital Partners LP boosted its holdings in Constellation Brands by 3.3% during the 1st quarter. Empyrean Capital Partners LP now owns 606,200 shares of the company’s stock valued at $90,930,000 after acquiring an additional 19,500 shares during the period. Finally, Nykredit A S bought a new position in Constellation Brands in the 2nd quarter valued at $83,687,000. Institutional investors own 77.34% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Raymond James Financial set a $150.00 target price on Constellation Brands in a research note on Thursday, September 17th. Weiss Ratings lowered shares of Constellation Brands from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. Roth Capital reissued a “buy” rating and set a $209.00 target price on shares of Constellation Brands in a research note on Thursday, July 2nd. Needham & Company LLC cut their price target on shares of Constellation Brands from $185.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday, October 8th. Finally, Freedom Capital cut shares of Constellation Brands from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. Twelve research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $153.09.

Constellation Brands Stock Up 5.4%

Shares of NYSE STZ opened at $139.19 on Friday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.53 and a current ratio of 1.00. The firm has a market capitalization of $23.55 billion, a price-to-earnings ratio of 10.88, a PEG ratio of 2.70 and a beta of 0.44. The stock has a 50 day moving average price of $125.30 and a 200 day moving average price of $136.72. Constellation Brands Inc has a 52-week low of $110.60 and a 52-week high of $168.60.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Tuesday, October 6th. The company reported $3.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.62 by $0.12. The company had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.54 billion. Constellation Brands had a return on equity of 24.75% and a net margin of 19.57%. Constellation Brands’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.63 earnings per share. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. Sell-side analysts expect that Constellation Brands Inc will post 11.85 earnings per share for the current year.

Constellation Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be given a dividend of $1.03 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.0%. Constellation Brands’s dividend payout ratio is presently 36.95%.

About Constellation Brands

Constellation Brands, Inc is a beverage alcohol company that develops, produces, markets and distributes beer, wine and spirits. Its beer portfolio includes Modelo Especial, Corona Extra, Corona Light, Pacifico and Victoria, while its wine and spirits brands include Robert Mondavi, Kim Crawford, Meiomi, The Prisoner Wine Company, Simi, Ruffino, High West and Casa Noble.

The company’s beer business is primarily focused on the United States, where Constellation markets and distributes several leading Mexican beer brands under license from Grupo Modelo.