Constellation Brands Inc $STZ Stock: Gen Wealth Partners Inc Cuts Stake

Gen Wealth Partners Inc lowered its holdings in shares of Constellation Brands Inc (NYSE:STZ) by 94.2% during the third quarter, Holdings Channel reports. The firm owned 371 shares of the company’s stock after selling 6,026 shares during the period. Gen Wealth Partners Inc’s holdings in Constellation Brands were worth $42,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of STZ. AlphaCore Capital LLC increased its position in Constellation Brands by 16.9% during the third quarter. AlphaCore Capital LLC now owns 3,696 shares of the company’s stock worth $418,000 after buying an additional 534 shares during the last quarter. Retirement Systems of Alabama raised its holdings in Constellation Brands by 7.6% during the third quarter. Retirement Systems of Alabama now owns 31,511 shares of the company’s stock valued at $3,563,000 after buying an additional 2,213 shares in the last quarter. Fulcrum Asset Management LLP acquired a new stake in shares of Constellation Brands in the third quarter worth about $620,000. Hohimer Wealth Management LLC acquired a new stake in shares of Constellation Brands in the third quarter worth about $465,000. Finally, University of Texas Texas AM Investment Management Co. lifted its position in shares of Constellation Brands by 197.4% in the third quarter. University of Texas Texas AM Investment Management Co. now owns 800 shares of the company’s stock worth $90,000 after buying an additional 531 shares during the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.

Wall Street Analysts Forecast Growth

STZ has been the topic of a number of analyst reports. Weiss Ratings lowered Constellation Brands from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. JPMorgan Chase & Co. boosted their target price on Constellation Brands from $133.00 to $136.00 and gave the stock a “neutral” rating in a report on Thursday, October 8th. TD Cowen reduced their target price on Constellation Brands from $174.00 to $150.00 and set a “buy” rating for the company in a report on Thursday, September 17th. Evercore set a $160.00 target price on Constellation Brands in a research report on Monday, September 21st. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Constellation Brands in a report on Tuesday, October 27th. Twelve analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $154.09.

Constellation Brands Stock Performance

Shares of STZ opened at $144.52 on Friday. The company has a market capitalization of $24.46 billion, a PE ratio of 12.96, a price-to-earnings-growth ratio of 2.95 and a beta of 0.39. Constellation Brands Inc has a one year low of $110.60 and a one year high of $168.60. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.00 and a quick ratio of 0.53. The company’s fifty day moving average price is $127.28 and its 200 day moving average price is $141.13.

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

Constellation Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Stockholders 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 dividend yield of 2.9%. Constellation Brands’s payout ratio is presently 36.95%.

Insider Activity at Constellation Brands

In related news, EVP Samuel Glaetzer sold 750 shares of the business’s stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $145.66, for a total transaction of $109,245.00. Following the completion of the transaction, the executive vice president owned 3,783 shares of the company’s stock, valued at approximately $551,031.78. The trade was a 16.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 12.20% of the company’s stock.

About Constellation Brands

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.