Gallacher Capital Management LLC Purchases Shares of 4,374 Constellation Brands Inc $STZ

Gallacher Capital Management LLC purchased a new stake in Constellation Brands Inc (NYSE:STZ) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 4,374 shares of the company’s stock, valued at approximately $656,000.

Several other institutional investors and hedge funds also recently modified their holdings of STZ. MV Capital Management Inc. acquired a new stake in Constellation Brands in the 4th quarter valued at approximately $26,000. Stance Capital LLC acquired a new position in Constellation Brands during the 3rd quarter worth approximately $26,000. Strive Financial Group LLC bought a new position in shares of Constellation Brands during the 4th quarter worth approximately $27,000. GoalVest Advisory LLC bought a new position in shares of Constellation Brands during the 4th quarter worth approximately $28,000. Finally, Elyxium Wealth LLC bought a new position in shares of Constellation Brands during the 4th quarter worth approximately $33,000. 77.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Needham & Company LLC reissued a “buy” rating and issued a $185.00 price objective on shares of Constellation Brands in a research report on Thursday, July 2nd. Freedom Capital downgraded shares of Constellation Brands from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. Morgan Stanley lowered their price target on shares of Constellation Brands from $183.00 to $158.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 2nd. Citigroup reissued a “buy” rating on shares of Constellation Brands in a research report on Monday, May 18th. Finally, Piper Sandler restated a “neutral” rating and set a $160.00 price objective on shares of Constellation Brands in a research note on Wednesday, July 1st. Eleven analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Constellation Brands currently has a consensus rating of “Hold” and a consensus price target of $167.89.

Insider Transactions at Constellation Brands

In other Constellation Brands news, EVP James O. Bourdeau sold 4,407 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $143.24, for a total transaction of $631,258.68. Following the completion of the sale, the executive vice president owned 9,109 shares of the company’s stock, valued at $1,304,773.16. This trade represents a 32.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 12.20% of the stock is owned by corporate insiders.

Constellation Brands Trading Up 2.8%

Constellation Brands stock opened at $135.34 on Friday. The stock has a 50-day simple moving average of $140.80 and a 200 day simple moving average of $149.61. The stock has a market capitalization of $23.11 billion, a P/E ratio of 12.91, a PEG ratio of 4.10 and a beta of 0.39. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.48 and a current ratio of 0.91. Constellation Brands Inc has a 52 week low of $126.45 and a 52 week high of $178.13.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Tuesday, June 30th. The company reported $3.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.70 by ($0.27). Constellation Brands had a net margin of 18.87% and a return on equity of 25.58%. The business had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter in the prior year, the company earned $3.22 EPS. Constellation Brands’s quarterly revenue was down 3.3% on a year-over-year basis. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. Analysts expect that Constellation Brands Inc will post 11.82 earnings per share for the current year.

Constellation Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Thursday, July 30th will be paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Thursday, July 30th. Constellation Brands’s dividend payout ratio is 39.31%.

About Constellation Brands

Constellation Brands, Inc is a leading producer and marketer of beer, wine and spirits, with operations spanning production, importation, marketing and distribution. The company’s beverage portfolio includes a range of premium and mainstream wines and spirits alongside major imported beer brands; in the U.S. market Constellation is widely known for its role in bringing Mexican imports such as Corona and Modelo to American consumers. Constellation supplies retail, on?premise and foodservice channels and supports its brands with national sales and marketing platforms and supply?chain capabilities.

The company traces its roots to the Canandaigua Wine Company, founded by Marvin Sands in 1945, and evolved through organic growth and acquisition into a diversified beverage company.