Constellation Brands Inc $STZ Position Lowered by Bangor Savings Bank

Bangor Savings Bank trimmed its position in Constellation Brands Inc (NYSE:STZ) by 68.9% in the third quarter, Holdings Channel reports. The firm owned 2,381 shares of the company’s stock after selling 5,274 shares during the quarter. Bangor Savings Bank’s holdings in Constellation Brands were worth $321,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Ameriprise Financial Inc. increased its holdings in shares of Constellation Brands by 650.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,769,741 shares of the company’s stock valued at $287,889,000 after acquiring an additional 1,533,961 shares during the last quarter. Norges Bank bought a new stake in shares of Constellation Brands during the 2nd quarter valued at about $239,737,000. Berkshire Hathaway Inc grew its position in shares of Constellation Brands by 11.6% during the 2nd quarter. Berkshire Hathaway Inc now owns 13,400,000 shares of the company’s stock valued at $2,179,912,000 after buying an additional 1,391,000 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC raised its stake in Constellation Brands by 39.6% during the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 3,675,855 shares of the company’s stock worth $597,988,000 after acquiring an additional 1,042,904 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Constellation Brands by 13.6% in the second quarter. Geode Capital Management LLC now owns 3,737,860 shares of the company’s stock worth $605,293,000 after acquiring an additional 448,259 shares during the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on STZ shares. BMO Capital Markets reaffirmed an “outperform” rating and set a $190.00 target price on shares of Constellation Brands in a report on Friday. Piper Sandler reduced their price objective on Constellation Brands from $155.00 to $135.00 and set a “neutral” rating for the company in a research report on Friday, November 21st. The Goldman Sachs Group dropped their target price on Constellation Brands from $196.00 to $168.00 and set a “buy” rating on the stock in a research report on Thursday, October 2nd. Citigroup raised their target price on Constellation Brands from $148.00 to $155.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Morgan Stanley decreased their target price on shares of Constellation Brands from $176.00 to $160.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, Constellation Brands currently has a consensus rating of “Hold” and a consensus target price of $180.35.

Constellation Brands Trading Up 0.8%

Constellation Brands stock opened at $153.01 on Wednesday. Constellation Brands Inc has a 12-month low of $126.45 and a 12-month high of $196.91. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.34 and a quick ratio of 0.70. The stock has a market capitalization of $26.78 billion, a PE ratio of 24.13, a price-to-earnings-growth ratio of 0.45 and a beta of 1.75. The firm has a 50 day simple moving average of $138.13 and a 200-day simple moving average of $148.18.

Constellation Brands (NYSE:STZ) last announced its earnings results on Wednesday, January 7th. The company reported $3.06 EPS for the quarter, topping the consensus estimate of $2.63 by $0.43. The firm had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.17 billion. Constellation Brands had a return on equity of 29.15% and a net margin of 11.08%.The firm’s quarterly revenue was down 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.25 earnings per share. Constellation Brands has set its FY 2026 guidance at 11.300-11.600 EPS. As a group, equities research analysts expect 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 will be paid on Thursday, February 12th. Shareholders of record on Thursday, January 29th will be given a $1.02 dividend. The ex-dividend date is Thursday, January 29th. This represents a $4.08 annualized dividend and a yield of 2.7%. Constellation Brands’s payout ratio is 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.