Bank of New York Mellon Corp Raises Stock Holdings in Constellation Brands Inc $STZ

Bank of New York Mellon Corp raised its holdings in Constellation Brands Inc (NYSE:STZ) by 4.0% during the 1st quarter, Holdings Channel reports. The firm owned 1,042,651 shares of the company’s stock after buying an additional 40,124 shares during the quarter. Bank of New York Mellon Corp’s holdings in Constellation Brands were worth $156,398,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. MV Capital Management Inc. acquired a new stake in shares of Constellation Brands in the fourth quarter valued at about $26,000. Stance Capital LLC acquired a new position in shares of Constellation Brands during the 3rd quarter worth about $26,000. Strive Financial Group LLC acquired a new position in shares of Constellation Brands during the 4th quarter worth about $27,000. Elyxium Wealth LLC purchased a new position in Constellation Brands in the 4th quarter valued at about $33,000. Finally, Root Financial Partners LLC lifted its stake in Constellation Brands by 231.3% in the 1st quarter. Root Financial Partners LLC now owns 222 shares of the company’s stock valued at $33,000 after buying an additional 155 shares in the last quarter. 77.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Royal Bank Of Canada reiterated an “outperform” rating and issued a $185.00 price objective on shares of Constellation Brands in a report on Thursday, July 2nd. Jefferies Financial Group set a $147.00 target price on Constellation Brands in a research report on Thursday, July 2nd. Evercore set a $175.00 price target on Constellation Brands and gave the stock an “outperform” rating in a research note on Friday, April 10th. Freedom Capital lowered Constellation Brands from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 1st. Finally, UBS Group dropped their price target on Constellation Brands from $186.00 to $175.00 and set a “buy” rating for the company in a research report on Wednesday, June 17th. Eleven investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $167.89.

Constellation Brands Price Performance

Shares of STZ stock opened at $133.16 on Monday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.91 and a quick ratio of 0.48. The company has a market capitalization of $22.74 billion, a PE ratio of 12.71, a price-to-earnings-growth ratio of 4.14 and a beta of 0.39. The firm’s 50-day moving average is $140.50 and its two-hundred day moving average is $149.57. Constellation Brands Inc has a 12 month low of $126.45 and a 12 month high of $178.13.

Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Tuesday, June 30th. The company reported $3.43 EPS for the quarter, missing the consensus estimate of $3.70 by ($0.27). The firm had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.39 billion. Constellation Brands had a net margin of 18.87% and a return on equity of 25.58%. The firm’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.22 EPS. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. Analysts predict that Constellation Brands Inc will post 11.82 earnings per share for the current year.

Constellation Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Stockholders of record on Thursday, July 30th will be given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Thursday, July 30th. Constellation Brands’s dividend payout ratio (DPR) is currently 39.31%.

Insider Buying and Selling at Constellation Brands

In other Constellation Brands news, EVP James O. Bourdeau sold 4,407 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $143.24, for a total transaction of $631,258.68. Following the sale, the executive vice president directly owned 9,109 shares in the company, valued at $1,304,773.16. This represents a 32.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 12.20% of the company’s stock.

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.