Level Four Advisory Services LLC Raises Position in Constellation Brands Inc $STZ

Level Four Advisory Services LLC grew its position in Constellation Brands Inc (NYSE:STZ) by 30.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,149 shares of the company’s stock after acquiring an additional 3,778 shares during the period. Level Four Advisory Services LLC’s holdings in Constellation Brands were worth $2,964,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Harbor Capital Advisors Inc. boosted its holdings in shares of Constellation Brands by 36.4% in the first quarter. Harbor Capital Advisors Inc. now owns 3,051 shares of the company’s stock valued at $560,000 after acquiring an additional 815 shares in the last quarter. Golden State Wealth Management LLC boosted its holdings in Constellation Brands by 137.0% during the first quarter. Golden State Wealth Management LLC now owns 2,204 shares of the company’s stock worth $405,000 after buying an additional 1,274 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in Constellation Brands by 28.9% during the first quarter. Oppenheimer Asset Management Inc. now owns 7,360 shares of the company’s stock worth $1,351,000 after buying an additional 1,651 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Constellation Brands by 7.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 17,206 shares of the company’s stock worth $3,180,000 after buying an additional 1,185 shares in the last quarter. Finally, Bessemer Group Inc. boosted its holdings in Constellation Brands by 3.0% during the first quarter. Bessemer Group Inc. now owns 2,242 shares of the company’s stock worth $412,000 after buying an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Constellation Brands Stock Up 0.2%

Shares of NYSE STZ opened at $166.1850 on Thursday. Constellation Brands Inc has a 12-month low of $159.35 and a 12-month high of $261.06. The company has a market capitalization of $29.30 billion, a PE ratio of -69.53, a price-to-earnings-growth ratio of 10.04 and a beta of 0.67. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.07 and a quick ratio of 0.68. The firm’s 50-day moving average is $168.40 and its two-hundred day moving average is $176.05.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings results on Tuesday, July 1st. The company reported $3.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.45 by ($0.23). Constellation Brands had a negative net margin of 4.11% and a positive return on equity of 31.41%. The business had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.57 billion. During the same period last year, the company earned $3.57 EPS. The firm’s revenue for the quarter was down 5.5% on a year-over-year basis. Constellation Brands has set its FY 2026 guidance at 12.600-12.900 EPS. Equities analysts anticipate that Constellation Brands Inc will post 13.5 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Wednesday, July 30th were issued a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Wednesday, July 30th. Constellation Brands’s dividend payout ratio is -170.71%.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Jefferies Financial Group raised shares of Constellation Brands from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $194.00 to $205.00 in a report on Monday, July 7th. Roth Capital decreased their price objective on shares of Constellation Brands from $256.00 to $239.00 and set a “buy” rating on the stock in a report on Tuesday, May 20th. JPMorgan Chase & Co. boosted their price objective on shares of Constellation Brands from $170.00 to $182.00 and gave the stock a “neutral” rating in a report on Thursday, July 3rd. Wells Fargo & Company decreased their price objective on shares of Constellation Brands from $210.00 to $196.00 and set an “overweight” rating on the stock in a report on Wednesday, June 25th. Finally, Barclays set a $202.00 price objective on shares of Constellation Brands and gave the stock an “overweight” rating in a report on Thursday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $213.74.

Insider Buying and Selling at Constellation Brands

In other news, EVP James O. Bourdeau sold 821 shares of the business’s stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $169.00, for a total value of $138,749.00. Following the completion of the transaction, the executive vice president owned 9,438 shares of the company’s stock, valued at $1,595,022. The trade was a 8.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 12.45% of the stock is currently owned by corporate insiders.

Constellation Brands Company Profile

Constellation Brands, Inc, together with its subsidiaries, produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company provides beer primarily under the Corona Extra, Corona Familiar, Corona Hard Seltzer, Corona Light, Corona Non-Alcoholic, Corona Premier, Corona Refresca, Modelo Especial, Modelo Chelada, Modelo Negra, Modelo Oro, Victoria, Vicky Chamoy, and Pacifico brands.