Wesbanco Bank Inc. Grows Stock Position in Constellation Brands Inc $STZ

Key Points

• Wesbanco Bank Inc. increased its stake in Constellation Brands by 10.7% in the second quarter, owning a total of 43,329 shares valued at approximately $7,049,000.
• Several institutional investors have recently engaged with Constellation Brands, with hedge funds owning 77.34% of the company's stock, highlighting strong institutional interest.
• Analysts have mixed views on STZ; while UBS Group raised its target price to $205, Goldman Sachs lowered it to $196, indicating variability in market expectations.

Wesbanco Bank Inc. boosted its stake in shares of Constellation Brands Inc (NYSE:STZ - Free Report) by 10.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 43,329 shares of the company's stock after buying an additional 4,204 shares during the period. Wesbanco Bank Inc.'s holdings in Constellation Brands were worth $7,049,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of STZ. Laurel Wealth Advisors LLC purchased a new stake in Constellation Brands in the first quarter worth $32,000. Rakuten Securities Inc. increased its stake in Constellation Brands by 805.0% in the first quarter. Rakuten Securities Inc. now owns 181 shares of the company's stock worth $33,000 after purchasing an additional 161 shares during the period. Fourth Dimension Wealth LLC purchased a new stake in Constellation Brands in the fourth quarter worth $44,000. Zions Bancorporation National Association UT purchased a new stake in Constellation Brands in the first quarter worth $38,000. Finally, Flaharty Asset Management LLC purchased a new stake in Constellation Brands in the first quarter worth $39,000. Hedge funds and other institutional investors own 77.34% of the company's stock.

Insiders Place Their Bets

In related news, EVP James O. Bourdeau sold 821 shares of the firm's stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $169.00, for a total transaction of $138,749.00. Following the sale, the executive vice president owned 9,438 shares of the company's stock, valued at $1,595,022. This trade represents a 8.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 12.45% of the stock is currently owned by insiders.

Analysts Set New Price Targets

STZ has been the topic of a number of recent analyst reports. UBS Group increased their target price on Constellation Brands from $195.00 to $205.00 and gave the stock a "buy" rating in a research note on Thursday, July 3rd. The Goldman Sachs Group reduced their target price on Constellation Brands from $225.00 to $196.00 and set a "buy" rating on the stock in a research note on Tuesday, September 2nd. Needham & Company LLC reduced their target price on Constellation Brands from $200.00 to $180.00 and set a "buy" rating on the stock in a research note on Wednesday, September 3rd. Cowen reiterated a "hold" rating on shares of Constellation Brands in a research note on Monday, July 7th. Finally, TD Cowen reduced their target price on Constellation Brands from $180.00 to $152.00 and set a "hold" rating on the stock in a research note on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have issued a Hold rating and four have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $192.28.

Constellation Brands Price Performance

STZ opened at $139.52 on Friday. Constellation Brands Inc has a 12-month low of $139.45 and a 12-month high of $261.06. 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 business's fifty day simple moving average is $164.56 and its 200-day simple moving average is $174.11. The company has a market capitalization of $24.60 billion, a price-to-earnings ratio of -58.38, a PEG ratio of 0.43 and a beta of 0.67.

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 (EPS) for the quarter, missing analysts' consensus estimates of $3.45 by ($0.23). Constellation Brands had a positive return on equity of 31.41% and a negative net margin of 4.11%.The firm had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.57 billion. During the same period in the previous year, the company posted $3.57 EPS. Constellation Brands's quarterly revenue was down 5.5% compared to the same quarter last year. Constellation Brands has set its FY 2026 guidance at 12.600-12.900 EPS. On average, equities research analysts anticipate that Constellation Brands Inc will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Wednesday, July 30th were given a dividend of $1.02 per share. The ex-dividend date of this dividend was Wednesday, July 30th. This represents a $4.08 dividend on an annualized basis and a yield of 2.9%. Constellation Brands's dividend payout ratio (DPR) is presently -170.71%.

Constellation Brands Company 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.

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