TD Waterhouse Canada Inc. Sells 20,376 Shares of Constellation Brands Inc $STZ

TD Waterhouse Canada Inc. reduced its holdings in Constellation Brands Inc (NYSE:STZ) by 83.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 3,941 shares of the company’s stock after selling 20,376 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Constellation Brands were worth $548,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of STZ. Gilbert & Cook Inc. grew its stake in Constellation Brands by 2.6% in the second quarter. Gilbert & Cook Inc. now owns 2,385 shares of the company’s stock valued at $388,000 after acquiring an additional 60 shares during the period. Private Trust Co. NA lifted its stake in Constellation Brands by 0.7% in the third quarter. Private Trust Co. NA now owns 11,001 shares of the company’s stock valued at $1,481,000 after buying an additional 75 shares in the last quarter. Rise Advisors LLC boosted its holdings in shares of Constellation Brands by 8.8% in the third quarter. Rise Advisors LLC now owns 937 shares of the company’s stock valued at $126,000 after buying an additional 76 shares during the period. RNC Capital Management LLC increased its position in shares of Constellation Brands by 0.6% during the second quarter. RNC Capital Management LLC now owns 13,561 shares of the company’s stock worth $2,206,000 after acquiring an additional 77 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its holdings in shares of Constellation Brands by 2.6% during the third quarter. Harbor Capital Advisors Inc. now owns 3,113 shares of the company’s stock worth $419,000 after acquiring an additional 79 shares during the period. 77.34% of the stock is owned by institutional investors.

Constellation Brands Price Performance

Constellation Brands stock opened at $155.69 on Tuesday. The firm has a market cap of $27.00 billion, a PE ratio of 24.56, a price-to-earnings-growth ratio of 0.47 and a beta of 0.44. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.34 and a quick ratio of 0.70. Constellation Brands Inc has a one year low of $126.45 and a one year high of $196.91. The stock’s fifty day moving average price is $146.11 and its two-hundred day moving average price is $147.11.

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

Constellation Brands Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 12th. Shareholders of record on Thursday, January 29th will be issued a $1.02 dividend. The ex-dividend date is Thursday, January 29th. This represents a $4.08 annualized dividend and a yield of 2.6%. Constellation Brands’s dividend payout ratio is presently 64.35%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on STZ shares. Piper Sandler decreased their price objective on Constellation Brands from $155.00 to $135.00 and set a “neutral” rating for the company in a report on Friday, November 21st. Morgan Stanley reduced their price objective on shares of Constellation Brands from $176.00 to $160.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 7th. UBS Group set a $168.00 price objective on Constellation Brands in a report on Friday, January 9th. Sanford C. Bernstein upped their target price on Constellation Brands from $195.00 to $197.00 and gave the stock an “outperform” rating in a report on Friday, January 9th. Finally, Zacks Research raised Constellation Brands from a “strong sell” rating to a “hold” rating in a report on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $176.91.

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.