Fort Washington Investment Advisors Inc. OH Acquires 4,200 Shares of Constellation Brands Inc $STZ

Fort Washington Investment Advisors Inc. OH increased its holdings in Constellation Brands Inc (NYSE:STZ) by 1.6% during the third quarter, HoldingsChannel.com reports. The fund owned 267,833 shares of the company’s stock after buying an additional 4,200 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Constellation Brands were worth $30,281,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Forvis Mazars Wealth Advisors LLC raised its holdings in shares of Constellation Brands by 7.2% in the third quarter. Forvis Mazars Wealth Advisors LLC now owns 13,212 shares of the company’s stock valued at $1,494,000 after buying an additional 893 shares during the last quarter. Journey Retirement Planning & Investment Management LLC grew its holdings in shares of Constellation Brands by 25.5% during the third quarter. Journey Retirement Planning & Investment Management LLC now owns 2,574 shares of the company’s stock worth $291,000 after buying an additional 523 shares during the last quarter. Grove Bank & Trust grew its holdings in shares of Constellation Brands by 24.5% during the third quarter. Grove Bank & Trust now owns 5,238 shares of the company’s stock worth $592,000 after buying an additional 1,030 shares during the last quarter. City Center Advisors LLC purchased a new position in shares of Constellation Brands during the third quarter worth about $359,000. Finally, Moody National Bank Trust Division increased its position in Constellation Brands by 50.7% in the 3rd quarter. Moody National Bank Trust Division now owns 7,120 shares of the company’s stock valued at $805,000 after acquiring an additional 2,394 shares during the period. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Constellation Brands Trading Up 1.7%

Shares of Constellation Brands stock opened at $129.61 on Friday. Constellation Brands Inc has a 52-week low of $110.60 and a 52-week high of $168.60. The company has a quick ratio of 0.53, a current ratio of 1.00 and a debt-to-equity ratio of 1.02. The company’s 50-day simple moving average is $125.44 and its 200-day simple moving average is $137.34. The firm has a market cap of $22.13 billion, a price-to-earnings ratio of 11.62, a price-to-earnings-growth ratio of 2.61 and a beta of 1.75.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings results 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 firm had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.54 billion. Constellation Brands had a net margin of 19.57% and a return on equity of 24.75%. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the prior year, the company posted $3.63 earnings per share. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. As a group, equities research analysts anticipate that Constellation Brands Inc will post 11.85 earnings per share for the current year.

Constellation Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be given a dividend of $1.03 per share. The ex-dividend date is Friday, October 30th. This represents a $4.12 annualized dividend and a yield of 3.2%. Constellation Brands’s payout ratio is presently 36.95%.

Wall Street Analysts Forecast Growth

Several analysts have commented on STZ shares. Barclays reduced their price objective on Constellation Brands from $132.00 to $122.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 22nd. Needham & Company LLC lowered their target price on Constellation Brands from $185.00 to $150.00 and set a “buy” rating on the stock in a research note on Thursday, October 8th. JPMorgan Chase & Co. boosted their target price on Constellation Brands from $133.00 to $136.00 and gave the company a “neutral” rating in a report on Thursday, October 8th. Jefferies Financial Group cut their price target on Constellation Brands from $147.00 to $135.00 and set a “hold” rating for the company in a research note on Monday, September 14th. Finally, Royal Bank Of Canada cut their price target on Constellation Brands from $185.00 to $182.00 and set an “outperform” rating for the company in a research note on Thursday, October 8th. Twelve research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, Constellation Brands presently has a consensus rating of “Hold” and an average price target of $153.09.

Constellation Brands Company Profile

Constellation Brands, Inc is a beverage alcohol company that develops, markets and distributes beer, wine and spirits. Its portfolio includes well-known beer brands such as Modelo Especial, Corona Extra, Corona Light and Pacifico, along with wine brands including Robert Mondavi, Kim Crawford, Meiomi, The Prisoner Wine Company and Ruffino.

The company also offers spirits through brands such as Casa Noble tequila and High West whiskey. Constellation’s products are sold through retailers, distributors, restaurants and other on-premise locations, with a primary focus on the United States.