Constellation Brands Inc $STZ Shares Bought by Sumitomo Mitsui Trust Group Inc.

Key Points

• Sumitomo Mitsui Trust Group increased its Constellation Brands stake by 3.5% in the third quarter, adding 9,890 shares to bring its holdings to 291,231 shares, valued at about $32.9 million.
• Constellation Brands beat quarterly estimates, reporting EPS of $3.74 versus $3.62 expected and revenue of $2.63 billion versus $2.54 billion expected; revenue rose 6.1% year over year.
• The company declared a quarterly dividend of $1.03 per share, equivalent to a 2.8% annualized yield. Analysts’ consensus rating was Hold, with an average price target of $154.09.

Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Constellation Brands Inc (NYSE:STZ - Free Report) by 3.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 291,231 shares of the company's stock after purchasing an additional 9,890 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.17% of Constellation Brands worth $32,927,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Ables Iannone Moore & Associates Inc. grew its holdings in Constellation Brands by 105.2% during the third quarter. Ables Iannone Moore & Associates Inc. now owns 16,904 shares of the company's stock worth $1,911,000 after acquiring an additional 8,667 shares during the period. Ally Financial Inc. acquired a new stake in Constellation Brands in the second quarter valued at $1,600,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in Constellation Brands in the second quarter valued at $31,582,000. Junto Capital Management LP purchased a new stake in shares of Constellation Brands during the 2nd quarter worth $21,683,000. Finally, Concurrent Investment Advisors LLC boosted its position in shares of Constellation Brands by 1,613.6% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 27,915 shares of the company's stock worth $3,883,000 after purchasing an additional 26,286 shares in the last quarter. Institutional investors and hedge funds own 77.34% of the company's stock.

Constellation Brands Stock Performance

Shares of STZ stock opened at $144.59 on Friday. The stock has a fifty day moving average price of $125.90 and a 200 day moving average price of $141.57. The stock has a market cap of $24.47 billion, a PE ratio of 11.99, a P/E/G ratio of 2.98 and a beta of 0.39. Constellation Brands Inc has a 1 year low of $110.60 and a 1 year high of $168.60. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.53 and a current ratio of 1.00.

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

Constellation Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be given a $1.03 dividend. The ex-dividend date is Friday, October 30th. This represents a $4.12 annualized dividend and a dividend yield of 2.8%. Constellation Brands's payout ratio is currently 36.95%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on STZ shares. The Goldman Sachs Group set a $155.00 price target on shares of Constellation Brands in a research note on Wednesday, October 7th. Raymond James Financial set a $150.00 price objective on shares of Constellation Brands in a research note on Thursday, September 17th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Constellation Brands from $136.00 to $127.00 and set a "hold" rating on the stock in a report on Thursday, October 8th. Needham & Company LLC decreased their price objective on shares of Constellation Brands from $185.00 to $150.00 and set a "buy" rating on the stock in a report on Thursday, October 8th. Finally, Weiss Ratings lowered shares of Constellation Brands from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Thursday, October 8th. Twelve research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $154.09.

Constellation Brands News Summary

Here are the key news stories impacting Constellation Brands this week:

• Positive Sentiment: Bank of America upgraded STZ from Underperform to Neutral and raised its price target to $160 from $120. The bank sees less risk of additional immigration-policy tightening weighing on the company’s beer business under a Democratic-controlled Congress. Constellation Brands Could See Immigration Headwinds Ease Under Democratic Congress, BofA Says
• Positive Sentiment: STZ is up 22.9% since its last earnings report. Its recent quarterly results beat consensus for both earnings and revenue, providing a favorable backdrop, although the latest articles offer no new earnings forecast catalyst. Constellation Brands Up 22.9% Since Last Earnings Report
• Neutral Sentiment: Shares gained on Wednesday but lagged some competitors, suggesting the advance was not as strong as across parts of the market. Constellation Brands Stock Underperforms Competitors Despite Daily Gains
• Negative Sentiment: Industry concerns persist: U.S. alcohol consumption remains historically low, and tariffs have sharply reduced U.S. spirits exports. These pressures could limit the benefit of improved policy expectations. Alcohol Stocks Jump as Blue Wave Boosts Industry Prospects

About Constellation Brands

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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