8,879 Constellation Brands Inc $STZ Shares Purchased by Bokf Na

Key Points

• Bokf Na increased its Constellation Brands stake by 5,480.9% in the third quarter, purchasing 8,879 shares for a total holding of 9,041 shares valued at approximately $1.02 million. Institutional investors collectively own 77.34% of the company.
• Analyst sentiment remains mixed: Constellation Brands has an average “Hold” rating and a consensus price target of $153.09, while recent firms lowered targets and Weiss Ratings downgraded the stock to “sell.”
• The company exceeded quarterly expectations with adjusted EPS of $3.74 and revenue of $2.63 billion, up 6.1% year over year. It also declared a quarterly dividend of $1.03, equivalent to an annualized $4.12 payout and a 3.0% yield.

Bokf Na raised its stake in shares of Constellation Brands Inc (NYSE:STZ - Free Report) by 5,480.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,041 shares of the company's stock after buying an additional 8,879 shares during the period. Bokf Na's holdings in Constellation Brands were worth $1,022,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in STZ. North Dakota State Investment Board boosted its position in Constellation Brands by 3.0% during the third quarter. North Dakota State Investment Board now owns 4,352 shares of the company's stock worth $492,000 after purchasing an additional 128 shares during the period. Arrow Financial Corp bought a new position in shares of Constellation Brands in the third quarter valued at approximately $575,000. Asset Management One Co. Ltd. boosted its holdings in shares of Constellation Brands by 3.6% during the 3rd quarter. Asset Management One Co. Ltd. now owns 78,081 shares of the company's stock worth $8,828,000 after buying an additional 2,738 shares during the period. Oppenheimer & Co. Inc. grew its position in shares of Constellation Brands by 21.7% in the third quarter. Oppenheimer & Co. Inc. now owns 11,934 shares of the company's stock valued at $1,349,000 after purchasing an additional 2,125 shares during the last quarter. Finally, Hilton Head Capital Partners LLC grew its holdings in Constellation Brands by 497.6% in the 3rd quarter. Hilton Head Capital Partners LLC now owns 508 shares of the company's stock valued at $57,000 after buying an additional 423 shares during the last quarter. Institutional investors and hedge funds own 77.34% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on STZ. Sanford C. Bernstein dropped their price target on Constellation Brands from $197.00 to $180.00 and set an "outperform" rating on the stock in a research report on Monday, September 28th. JPMorgan Chase & Co. raised their price objective on shares of Constellation Brands from $133.00 to $136.00 and gave the stock a "neutral" rating in a research note on Thursday, October 8th. Piper Sandler set a $125.00 target price on shares of Constellation Brands in a research report on Thursday, October 8th. Barclays cut their target price on shares of Constellation Brands from $132.00 to $122.00 and set an "equal weight" rating for the company in a research note on Tuesday, September 22nd. Finally, Weiss Ratings downgraded shares of Constellation Brands from a "hold (c-)" rating to a "sell (d+)" rating in a report on Thursday, October 8th. Twelve investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $153.09.

Constellation Brands Stock Up 3.7%

STZ opened at $135.18 on Friday. The company has a market capitalization of $22.88 billion, a P/E ratio of 12.12, a P/E/G ratio of 2.77 and a beta of 0.44. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.00 and a quick ratio of 0.53. The firm's fifty day moving average price is $125.37 and its two-hundred day moving average price is $141.85. Constellation Brands Inc has a fifty-two week low of $110.60 and a fifty-two week high of $168.60.

Constellation Brands (NYSE:STZ - Get Free Report) last announced its quarterly earnings data on Tuesday, October 6th. The company reported $3.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.62 by $0.12. The company had revenue of $2.63 billion during the quarter, compared to analysts' expectations of $2.54 billion. Constellation Brands had a net margin of 19.57% and a return on equity of 24.75%. The business's revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.63 EPS. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. On average, analysts anticipate that Constellation Brands Inc will post 11.85 EPS for the current year.

Constellation Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be paid a $1.03 dividend. The ex-dividend date of this dividend is Friday, October 30th. This represents a $4.12 dividend on an annualized basis and a yield of 3.0%. Constellation Brands's payout ratio is presently 36.95%.

Constellation Brands Company Profile

Constellation Brands, Inc is a beverage alcohol company that develops, produces, markets and distributes beer, wine and spirits. Its beer portfolio includes Modelo Especial, Corona Extra, Corona Light, Pacifico and Victoria, while its wine and spirits brands include Robert Mondavi, Kim Crawford, Meiomi, The Prisoner Wine Company, Simi, Ruffino, High West and Casa Noble.

The company's beer business is primarily focused on the United States, where Constellation markets and distributes several leading Mexican beer brands under license from Grupo Modelo.

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