Raymond James Financial Inc. Has $44.82 Million Position in Constellation Brands Inc $STZ

Key Points

• Raymond James Financial Inc. reduced its holdings in Constellation Brands Inc. by 49%, owning 244,216 shares valued at approximately $44.82 million after selling 234,366 shares in the first quarter.
• Major investors such as Berkshire Hathaway and Vanguard Group have recently increased their stakes in Constellation Brands, indicating strong institutional interest in the company.
• Analysts have mixed ratings on Constellation Brands, with numerous upgrades, including a price target increase from $194 to $205 by Jefferies Financial Group.

Raymond James Financial Inc. decreased its position in Constellation Brands Inc (NYSE:STZ - Free Report) by 49.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 244,216 shares of the company's stock after selling 234,366 shares during the period. Raymond James Financial Inc. owned approximately 0.14% of Constellation Brands worth $44,819,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Minot DeBlois Advisors LLC acquired a new position in Constellation Brands in the fourth quarter valued at about $29,000. Optiver Holding B.V. bought a new position in shares of Constellation Brands during the 4th quarter valued at about $31,000. Laurel Wealth Advisors LLC acquired a new position in shares of Constellation Brands in the 1st quarter valued at approximately $32,000. Rakuten Securities Inc. grew its position in shares of Constellation Brands by 805.0% in the 1st quarter. Rakuten Securities Inc. now owns 181 shares of the company's stock valued at $33,000 after purchasing an additional 161 shares during the period. Finally, Fourth Dimension Wealth LLC acquired a new stake in Constellation Brands during the 4th quarter worth approximately $44,000. Institutional investors own 77.34% of the company's stock.

Analysts Set New Price Targets

STZ has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft cut their price target on shares of Constellation Brands from $191.00 to $185.00 and set a "hold" rating on the stock in a research note on Thursday, June 5th. Needham & Company LLC raised their price objective on shares of Constellation Brands from $195.00 to $200.00 and gave the stock a "buy" rating in a report on Thursday, July 3rd. JPMorgan Chase & Co. upped their target price on shares of Constellation Brands from $170.00 to $182.00 and gave the stock a "neutral" rating in a research note on Thursday, July 3rd. UBS Group increased their target price on Constellation Brands from $195.00 to $205.00 and gave the stock a "buy" rating in a report on Thursday, July 3rd. Finally, Jefferies Financial Group raised Constellation Brands from a "hold" rating to a "buy" rating and lifted their price target for the company from $194.00 to $205.00 in a research note on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $213.74.

Insiders Place Their Bets

In other Constellation Brands news, EVP James O. Bourdeau sold 821 shares of the company's stock in a transaction on Monday, July 21st. The shares were sold at an average price of $169.00, for a total transaction of $138,749.00. Following the sale, the executive vice president directly owned 9,438 shares of the company's stock, valued at approximately $1,595,022. This represents a 8.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 12.45% of the company's stock.

Constellation Brands Stock Up 1.6%

Shares of NYSE STZ traded up $2.5720 during mid-day trading on Friday, hitting $167.5020. The company had a trading volume of 1,725,932 shares, compared to its average volume of 1,575,523. The company has a current ratio of 1.07, a quick ratio of 0.68 and a debt-to-equity ratio of 1.30. The firm has a 50-day simple moving average of $168.36 and a two-hundred day simple moving average of $175.97. The company has a market capitalization of $29.53 billion, a PE ratio of -70.08, a price-to-earnings-growth ratio of 10.15 and a beta of 0.67. Constellation Brands Inc has a one year low of $159.35 and a one year high of $261.06.

Constellation Brands (NYSE:STZ - Get Free Report) last posted its quarterly earnings results on Tuesday, July 1st. The company reported $3.22 earnings per share for the quarter, missing analysts' consensus estimates of $3.45 by ($0.23). The company had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.57 billion. Constellation Brands had a negative net margin of 4.11% and a positive return on equity of 31.41%. The firm's revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.57 earnings per share. Constellation Brands has set its FY 2026 guidance at 12.600-12.900 EPS. On average, equities analysts expect that Constellation Brands Inc will post 13.5 EPS for the current year.

Constellation Brands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Wednesday, July 30th were issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Wednesday, July 30th. Constellation Brands's payout ratio is presently -170.71%.

Constellation Brands Profile

Constellation Brands, Inc, together with its subsidiaries, produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company provides beer primarily under the Corona Extra, Corona Familiar, Corona Hard Seltzer, Corona Light, Corona Non-Alcoholic, Corona Premier, Corona Refresca, Modelo Especial, Modelo Chelada, Modelo Negra, Modelo Oro, Victoria, Vicky Chamoy, and Pacifico brands.