Shelter Mutual Insurance Co Invests $1.43 Million in Constellation Brands Inc $STZ

Key Points

• Shelter Mutual Insurance Co. acquired 10,300 Constellation Brands shares worth approximately $1.43 million in the second quarter. Institutional investors collectively own 77.34% of STZ.
• Constellation Brands reported quarterly EPS of $3.43, missing estimates of $3.70, while revenue of $2.43 billion exceeded expectations; revenue declined 3.3% year over year.
• The company pays a quarterly dividend of $1.03, equivalent to a 3.0% annualized yield. Analysts’ consensus rating is Hold, with an average price target of $167.53 versus the stock’s $135.42 price.

Shelter Mutual Insurance Co acquired a new position in shares of Constellation Brands Inc (NYSE:STZ - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 10,300 shares of the company's stock, valued at approximately $1,433,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of STZ. Shelter Ins Retirement Plan acquired a new position in shares of Constellation Brands in the second quarter worth $737,177,000. Madison Asset Management LLC acquired a new position in Constellation Brands in the 2nd quarter valued at about $8,192,000. Great Lakes Advisors LLC purchased a new position in Constellation Brands in the 2nd quarter valued at about $1,016,000. Trust Co. of Vermont acquired a new stake in shares of Constellation Brands during the 2nd quarter worth about $171,000. Finally, Plato Investment Management Ltd purchased a new stake in shares of Constellation Brands during the second quarter worth about $757,000. Hedge funds and other institutional investors own 77.34% of the company's stock.

Constellation Brands Stock Performance

NYSE:STZ opened at $135.42 on Friday. The company has a market cap of $23.13 billion, a P/E ratio of 12.92, a P/E/G ratio of 4.17 and a beta of 1.75. The firm's 50 day moving average is $135.20 and its two-hundred day moving average is $146.17. Constellation Brands Inc has a fifty-two week low of $126.45 and a fifty-two week high of $168.60. The company has a quick ratio of 0.48, a current ratio of 0.91 and a debt-to-equity ratio of 1.06.

Constellation Brands (NYSE:STZ - Get Free Report) last issued its earnings results on Tuesday, June 30th. The company reported $3.43 earnings per share for the quarter, missing the consensus estimate of $3.70 by ($0.27). The firm had revenue of $2.43 billion during the quarter, compared to analysts' expectations of $2.39 billion. Constellation Brands had a return on equity of 25.58% and a net margin of 18.87%.The company's quarterly revenue was down 3.3% compared to the same quarter last year. During the same period last year, the business posted $3.22 earnings per share. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. Analysts expect that Constellation Brands Inc will post 11.84 EPS for the current year.

Constellation Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, July 30th were issued a $1.03 dividend. The ex-dividend date was Thursday, July 30th. This represents a $4.12 annualized dividend and a yield of 3.0%. Constellation Brands's dividend payout ratio (DPR) is presently 39.31%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Roth Capital reissued a "buy" rating and issued a $209.00 price objective on shares of Constellation Brands in a research report on Thursday, July 2nd. UBS Group lowered their target price on shares of Constellation Brands from $186.00 to $175.00 and set a "buy" rating for the company in a research note on Wednesday, June 17th. Sanford C. Bernstein reiterated an "outperform" rating on shares of Constellation Brands in a report on Wednesday, July 1st. Freedom Capital lowered Constellation Brands from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 1st. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $185.00 price objective on shares of Constellation Brands in a research report on Thursday, July 2nd. Eleven analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Constellation Brands presently has a consensus rating of "Hold" and an average price target of $167.53.

Constellation Brands 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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