Assenagon Asset Management S.A. Raises Stock Holdings in Constellation Brands Inc $STZ

Assenagon Asset Management S.A. raised its stake in Constellation Brands Inc (NYSE:STZ) by 1,080.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 61,290 shares of the company’s stock after buying an additional 56,098 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Constellation Brands were worth $8,456,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Root Financial Partners LLC acquired a new position in Constellation Brands in the 3rd quarter valued at about $26,000. Stance Capital LLC purchased a new stake in Constellation Brands during the third quarter worth about $26,000. GoalVest Advisory LLC acquired a new stake in shares of Constellation Brands during the fourth quarter worth about $28,000. Salomon & Ludwin LLC purchased a new position in shares of Constellation Brands in the third quarter valued at approximately $30,000. Finally, Abound Wealth Management boosted its stake in shares of Constellation Brands by 341.8% in the third quarter. Abound Wealth Management now owns 243 shares of the company’s stock valued at $33,000 after purchasing an additional 188 shares during the period. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Constellation Brands Trading Up 0.6%

NYSE STZ opened at $151.34 on Friday. The firm’s fifty day moving average is $155.79 and its two-hundred day moving average is $144.43. Constellation Brands Inc has a one year low of $126.45 and a one year high of $196.91. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.70 and a current ratio of 1.34. The firm has a market cap of $26.24 billion, a PE ratio of 23.87, a P/E/G ratio of 0.42 and a beta of 0.44.

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

Constellation Brands Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on STZ. BMO Capital Markets reaffirmed an “outperform” rating and set a $190.00 target price on shares of Constellation Brands in a research note on Friday, January 9th. Sanford C. Bernstein raised their price target on shares of Constellation Brands from $195.00 to $197.00 and gave the company an “outperform” rating in a research report on Friday, January 9th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Constellation Brands in a research note on Wednesday, March 18th. Wells Fargo & Company set a $165.00 target price on Constellation Brands in a report on Thursday, January 8th. Finally, Citigroup raised Constellation Brands from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $155.00 to $175.00 in a research note on Wednesday, March 18th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Constellation Brands has an average rating of “Moderate Buy” and a consensus target price of $177.82.

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.