Nykredit A S Takes Position in Constellation Brands Inc $STZ

Key Points

• Nykredit A/S bought 601,676 shares of Constellation Brands in the second quarter, valued at approximately $83.7 million and representing about 0.35% of the company. Institutional investors collectively own 77.34% of STZ.
• Analyst sentiment is mixed, with 11 Buy, nine Hold and one Sell rating; the stock carries an average “Hold” rating and a $170 price target. Recent targets ranged from $150 to $174.
• Constellation Brands reported quarterly revenue of $2.43 billion, above estimates, but earnings of $3.43 per share missed expectations and revenue declined 3.3% year over year. Shares opened at $129.42, near the stock’s one-year low, while the company maintains a 3.2% dividend yield.

Nykredit A S bought a new stake in shares of Constellation Brands Inc (NYSE:STZ - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 601,676 shares of the company's stock, valued at approximately $83,687,000. Nykredit A S owned approximately 0.35% of Constellation Brands at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. MV Capital Management Inc. bought a new stake in Constellation Brands in the fourth quarter worth approximately $26,000. Stance Capital LLC bought a new position in shares of Constellation Brands during the 3rd quarter worth approximately $26,000. Strive Financial Group LLC bought a new position in shares of Constellation Brands during the 4th quarter worth approximately $27,000. Elyxium Wealth LLC acquired a new stake in shares of Constellation Brands during the 4th quarter worth approximately $33,000. Finally, Root Financial Partners LLC grew its position in shares of Constellation Brands by 231.3% during the 1st quarter. Root Financial Partners LLC now owns 222 shares of the company's stock worth $33,000 after buying an additional 155 shares during the period. Institutional investors and hedge funds own 77.34% of the company's stock.

Analyst Ratings Changes

STZ has been the subject of several research analyst reports. TD Cowen reiterated a "buy" rating and issued a $174.00 price objective on shares of Constellation Brands in a research note on Wednesday, July 1st. Freedom Capital cut shares of Constellation Brands from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Constellation Brands from $155.00 to $150.00 and set a "hold" rating for the company in a report on Thursday, July 2nd. Piper Sandler reiterated a "neutral" rating and set a $160.00 price objective on shares of Constellation Brands in a report on Wednesday, July 1st. Finally, Citigroup reissued a "buy" rating on shares of Constellation Brands in a research report on Monday, May 18th. Eleven investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Constellation Brands has an average rating of "Hold" and an average target price of $170.00.

Constellation Brands Stock Down 0.9%

Shares of NYSE STZ opened at $129.42 on Thursday. The stock has a market capitalization of $22.10 billion, a P/E ratio of 12.35, a P/E/G ratio of 2.46 and a beta of 1.75. The company has a 50-day moving average price of $133.55 and a 200-day moving average price of $144.32. Constellation Brands Inc has a 1 year low of $126.45 and a 1 year high of $168.60. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.91 and a quick ratio of 0.48.

Constellation Brands (NYSE:STZ - Get Free Report) last posted its earnings results on Tuesday, June 30th. The company reported $3.43 earnings per share for the quarter, missing analysts' consensus estimates of $3.70 by ($0.27). Constellation Brands had a return on equity of 25.58% and a net margin of 18.87%.The business had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.39 billion. During the same quarter in the prior year, the company earned $3.22 EPS. The company's revenue was down 3.3% on a year-over-year basis. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. On average, equities research analysts forecast that Constellation Brands Inc will post 11.84 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, July 30th were issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Thursday, July 30th. Constellation Brands's payout ratio is currently 39.31%.

Constellation Brands Company 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.

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