ProShare Advisors LLC Cuts Holdings in Constellation Brands Inc $STZ

ProShare Advisors LLC decreased its stake in Constellation Brands Inc (NYSE:STZ) by 11.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,646 shares of the company’s stock after selling 3,396 shares during the period. ProShare Advisors LLC’s holdings in Constellation Brands were worth $3,454,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. lifted its holdings in shares of Constellation Brands by 329.8% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 73,323 shares of the company’s stock worth $9,874,000 after acquiring an additional 56,263 shares during the last quarter. AlphaQuest LLC raised its position in Constellation Brands by 350.7% in the 2nd quarter. AlphaQuest LLC now owns 5,178 shares of the company’s stock worth $842,000 after purchasing an additional 4,029 shares during the period. 49 Wealth Management LLC bought a new stake in Constellation Brands in the second quarter worth $373,000. Matrix Asset Advisors Inc. NY bought a new stake in Constellation Brands in the third quarter worth $5,236,000. Finally, Heritage Investors Management Corp boosted its position in Constellation Brands by 6.2% during the second quarter. Heritage Investors Management Corp now owns 146,827 shares of the company’s stock valued at $23,886,000 after buying an additional 8,613 shares during the period. 77.34% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Zacks Research upgraded Constellation Brands from a “strong sell” rating to a “hold” rating in a report on Monday, November 3rd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $160.00 price objective on shares of Constellation Brands in a research report on Monday, December 15th. Needham & Company LLC reissued a “buy” rating and set a $180.00 price objective on shares of Constellation Brands in a research note on Tuesday, January 6th. Citigroup raised their target price on shares of Constellation Brands from $148.00 to $155.00 and gave the stock a “neutral” rating in a report on Friday, January 9th. Finally, Sanford C. Bernstein upped their price target on shares of Constellation Brands from $195.00 to $197.00 and gave the company an “outperform” rating in a report on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $176.91.

Constellation Brands Price Performance

Shares of STZ stock opened at $149.20 on Friday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.70 and a current ratio of 1.34. Constellation Brands Inc has a fifty-two week low of $126.45 and a fifty-two week high of $196.91. The firm has a market cap of $25.87 billion, a P/E ratio of 23.53, a P/E/G ratio of 0.48 and a beta of 0.44. The business’s 50 day moving average price is $150.68 and its 200-day moving average price is $146.79.

Constellation Brands (NYSE:STZ) last announced its earnings results on Wednesday, January 7th. The company reported $3.06 EPS for the quarter, beating analysts’ consensus estimates of $2.63 by $0.43. The company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.17 billion. Constellation Brands had a return on equity of 29.15% and a net margin of 11.08%.The firm’s revenue for the quarter was down 9.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.25 earnings per share. Constellation Brands has set its FY 2026 guidance at 11.300-11.600 EPS. On average, equities research analysts anticipate that Constellation Brands Inc will post 13.5 earnings per share for the current year.

Constellation Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Thursday, January 29th were given a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Thursday, January 29th. Constellation Brands’s dividend payout ratio (DPR) is currently 64.35%.

Constellation Brands Profile

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.