Constellation Brands Inc $STZ Stock: Pzena Investment Management LLC Increases Stake

Pzena Investment Management LLC grew its stake in shares of Constellation Brands Inc (NYSE:STZ) by 4.2% in the third quarter, HoldingsChannel.com reports. The firm owned 624,443 shares of the company’s stock after buying an additional 25,129 shares during the quarter. Pzena Investment Management LLC’s holdings in Constellation Brands were worth $70,600,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Cedar Mountain Advisors LLC purchased a new position in shares of Constellation Brands in the first quarter worth $33,000. Root Financial Partners LLC boosted its position in Constellation Brands by 231.3% during the 1st quarter. Root Financial Partners LLC now owns 222 shares of the company’s stock valued at $33,000 after buying an additional 155 shares during the period. Continuum Advisory LLC bought a new stake in Constellation Brands in the 2nd quarter worth $33,000. Ascentis Independent Advisors bought a new stake in Constellation Brands in the 1st quarter worth $37,000. Finally, Hilton Head Capital Partners LLC increased its position in shares of Constellation Brands by 497.6% in the third quarter. Hilton Head Capital Partners LLC now owns 508 shares of the company’s stock valued at $57,000 after acquiring an additional 423 shares during the period. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on STZ. UBS Group dropped their price objective on Constellation Brands from $145.00 to $144.00 and set a “buy” rating for the company in a report on Thursday, October 8th. Morgan Stanley reiterated a “negative” rating and issued a $145.00 price target (down from $158.00) on shares of Constellation Brands in a report on Thursday, October 8th. Royal Bank Of Canada reissued an “outperform” rating on shares of Constellation Brands in a research report on Tuesday, October 27th. Freedom Broker upgraded shares of Constellation Brands from a “hold” rating to a “buy” rating and decreased their price objective for the stock from $173.00 to $158.00 in a report on Thursday, October 8th. Finally, Citigroup reaffirmed a “negative” rating on shares of Constellation Brands in a research report on Wednesday, October 7th. Twelve analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $154.09.

Constellation Brands Price Performance

STZ stock opened at $145.77 on Thursday. 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 50 day moving average price of $125.70 and a 200-day moving average price of $141.63. Constellation Brands Inc has a 52-week low of $110.60 and a 52-week high of $168.60. The firm has a market capitalization of $24.67 billion, a price-to-earnings ratio of 13.07, a PEG ratio of 2.83 and a beta of 0.39.

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

Constellation Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be paid a $1.03 dividend. The ex-dividend date is Friday, October 30th. This represents a $4.12 dividend on an annualized basis and a yield of 2.8%. Constellation Brands’s payout ratio is presently 36.95%.

Constellation Brands Company Profile

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.