Principal Financial Group Inc. Has $21.44 Million Holdings in Constellation Brands Inc $STZ

Principal Financial Group Inc. cut its holdings in shares of Constellation Brands Inc (NYSE:STZ) by 9.7% during the third quarter, Holdings Channel reports. The fund owned 159,190 shares of the company’s stock after selling 17,131 shares during the quarter. Principal Financial Group Inc.’s holdings in Constellation Brands were worth $21,438,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Northcape Wealth Management LLC lifted its stake in shares of Constellation Brands by 6.3% during the 3rd quarter. Northcape Wealth Management LLC now owns 13,442 shares of the company’s stock worth $1,810,000 after buying an additional 801 shares during the last quarter. Hazlett Burt & Watson Inc. lifted its position in Constellation Brands by 71.1% during the third quarter. Hazlett Burt & Watson Inc. now owns 1,449 shares of the company’s stock worth $196,000 after acquiring an additional 602 shares during the last quarter. National Pension Service boosted its holdings in shares of Constellation Brands by 3.3% during the third quarter. National Pension Service now owns 267,567 shares of the company’s stock worth $36,033,000 after acquiring an additional 8,580 shares during the period. Bryn Mawr Trust Advisors LLC grew its position in shares of Constellation Brands by 5.5% in the third quarter. Bryn Mawr Trust Advisors LLC now owns 26,936 shares of the company’s stock valued at $3,627,000 after purchasing an additional 1,411 shares during the last quarter. Finally, Cornerstone Wealth Management LLC acquired a new position in shares of Constellation Brands in the third quarter valued at about $362,000. Institutional investors own 77.34% of the company’s stock.

Constellation Brands Stock Down 0.5%

Shares of NYSE:STZ opened at $164.66 on Friday. The firm has a market cap of $28.55 billion, a P/E ratio of 25.97, a P/E/G ratio of 0.49 and a beta of 0.44. Constellation Brands Inc has a 12-month low of $126.45 and a 12-month high of $196.91. The business has a fifty day simple moving average of $148.48 and a 200 day simple moving average of $147.09. The company has a quick ratio of 0.70, a current ratio of 1.34 and a debt-to-equity ratio of 1.29.

Constellation Brands (NYSE:STZ) last released its quarterly 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. Constellation Brands had a return on equity of 29.15% and a net margin of 11.08%.The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the previous year, the company posted $3.25 EPS. The business’s revenue was down 9.8% on a year-over-year basis. Constellation Brands has set its FY 2026 guidance at 11.300-11.600 EPS. Analysts predict that Constellation Brands Inc will post 13.5 earnings per share for the current year.

Constellation Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 12th. Stockholders of record on Thursday, January 29th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Thursday, January 29th. Constellation Brands’s dividend payout ratio is currently 64.35%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on STZ. Wells Fargo & Company set a $165.00 target price on Constellation Brands in a report on Thursday, January 8th. Sanford C. Bernstein upped their price objective on Constellation Brands from $195.00 to $197.00 and gave the stock an “outperform” rating in a research report on Friday, January 9th. Zacks Research raised shares of Constellation Brands from a “strong sell” rating to a “hold” rating in a report on Monday, November 3rd. Weiss Ratings raised shares of Constellation Brands from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday. Finally, Barclays upped their price target on shares of Constellation Brands from $147.00 to $148.00 and gave the stock an “equal weight” rating in a report on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus 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.