Constellation Brands Inc $STZ Stock Position Boosted by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. lifted its holdings in Constellation Brands Inc (NYSE:STZ) by 18.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 27,378 shares of the company’s stock after buying an additional 4,217 shares during the quarter. Rakuten Investment Management Inc.’s holdings in Constellation Brands were worth $3,087,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Dimensional Fund Advisors LP increased its stake in Constellation Brands by 5.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,826,652 shares of the company’s stock worth $274,029,000 after purchasing an additional 88,538 shares in the last quarter. Bank of America Corp DE lifted its stake in Constellation Brands by 9.5% in the first quarter. Bank of America Corp DE now owns 1,403,275 shares of the company’s stock valued at $210,491,000 after buying an additional 121,515 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Constellation Brands by 4.0% in the first quarter. Bank of New York Mellon Corp now owns 1,042,651 shares of the company’s stock valued at $156,398,000 after buying an additional 40,124 shares during the period. Empyrean Capital Partners LP boosted its holdings in shares of Constellation Brands by 3.3% in the first quarter. Empyrean Capital Partners LP now owns 606,200 shares of the company’s stock valued at $90,930,000 after buying an additional 19,500 shares during the period. Finally, Janus Henderson Group PLC boosted its holdings in shares of Constellation Brands by 5.7% in the first quarter. Janus Henderson Group PLC now owns 585,891 shares of the company’s stock valued at $87,884,000 after buying an additional 31,749 shares during the period. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Citigroup reissued a “negative” rating on shares of Constellation Brands in a research report on Wednesday, October 7th. JPMorgan Chase & Co. boosted their price objective on shares of Constellation Brands from $133.00 to $136.00 and gave the company a “neutral” rating in a research report on Thursday, October 8th. Barclays reduced their target price on shares of 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. Royal Bank Of Canada reiterated an “outperform” rating on shares of Constellation Brands in a report on Tuesday, October 27th. Finally, Freedom Broker upgraded Constellation Brands from a “hold” rating to a “buy” rating and lowered their target price for the stock from $173.00 to $158.00 in a report on Thursday, October 8th. Twelve investment 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, Constellation Brands has an average rating of “Hold” and a consensus target price of $154.09.

Constellation Brands Trading Down 1.9%

NYSE STZ opened at $141.85 on Friday. The stock has a market capitalization of $24.00 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 2.91 and a beta of 0.39. The stock’s 50 day moving average price is $126.11 and its two-hundred day moving average price is $141.46. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.53 and a current ratio of 1.00. Constellation Brands Inc has a 52 week low of $110.60 and a 52 week high of $168.60.

Constellation Brands (NYSE:STZ) last issued 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. The company 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 business’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period last year, the business earned $3.63 EPS. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. As a group, analysts anticipate that Constellation Brands Inc will post 11.85 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be issued 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 2.9%. Constellation Brands’s dividend payout ratio is presently 36.95%.

Constellation Brands Company 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.