Hohimer Wealth Management LLC Makes New Investment in Constellation Brands Inc $STZ

Hohimer Wealth Management LLC acquired a new position in shares of Constellation Brands Inc (NYSE:STZ) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,113 shares of the company’s stock, valued at approximately $465,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in STZ. Nykredit A S acquired a new position in Constellation Brands in the second quarter valued at about $83,687,000. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in shares of Constellation Brands in the second quarter worth about $31,582,000. Assenagon Asset Management S.A. raised its position in shares of Constellation Brands by 197.7% during the second quarter. Assenagon Asset Management S.A. now owns 338,172 shares of the company’s stock worth $47,036,000 after purchasing an additional 224,578 shares during the period. Junto Capital Management LP acquired a new stake in shares of Constellation Brands during the second quarter worth about $21,683,000. Finally, Bank of America Corp DE lifted its holdings in shares of 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 purchasing an additional 121,515 shares in the last quarter. 77.34% of the stock is currently owned by institutional investors.

Constellation Brands Price Performance

Shares of STZ opened at $145.26 on Tuesday. The company has a market cap of $24.58 billion, a price-to-earnings ratio of 11.99, a PEG ratio of 2.98 and a beta of 0.39. Constellation Brands Inc has a 1-year low of $110.60 and a 1-year high of $168.60. The company’s fifty day simple moving average is $126.41 and its 200 day simple moving average is $141.37. The company has a current ratio of 1.00, a quick ratio of 0.53 and a debt-to-equity ratio of 1.02.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings results on Tuesday, October 6th. The company reported $3.74 EPS for the quarter, beating analysts’ consensus estimates 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 company’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter last year, the company posted $3.63 earnings per share. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. On average, research analysts forecast that Constellation Brands Inc will post 11.85 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

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

Wall Street Analyst Weigh In

STZ has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft decreased their price objective on Constellation Brands from $136.00 to $127.00 and set a “hold” rating for the company in a research report on Thursday, October 8th. Weiss Ratings downgraded shares of Constellation Brands from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $142.00 price objective on shares of Constellation Brands in a research report on Monday, November 2nd. JPMorgan Chase & Co. increased their price objective on Constellation Brands from $133.00 to $136.00 and gave the stock a “neutral” rating in a report on Thursday, October 8th. Finally, Sanford C. Bernstein lowered their price target on shares of Constellation Brands from $197.00 to $180.00 and set an “outperform” rating on the stock in a research note on Monday, September 28th. Twelve investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $154.09.

Constellation Brands Profile

Constellation Brands is a beverage alcohol company focused on beer, wine and spirits. Its beer portfolio includes Modelo Especial, Corona Extra and Pacifico, which it markets in the United States under its agreement with Grupo Modelo.

The company also owns premium wine and spirits brands, including Robert Mondavi Winery and The Prisoner Wine Company. Its products reach consumers primarily in the United States, with operations and distribution extending to other markets.

Founded in 1945 as Canandaigua Wine Company in New York, the business grew through brand development and acquisitions before adopting the Constellation Brands name.