Western Wealth Management LLC Makes New Investment in Constellation Brands Inc $STZ

Key Points

• Western Wealth Management initiated a 7,519-share position in Constellation Brands valued at approximately $1.13 million. Institutional investors collectively own 77.34% of the company.
• Constellation Brands reported quarterly EPS of $3.43, missing analyst expectations of $3.70, while revenue reached $2.43 billion but declined 3.3% year over year.
• The stock traded at $133.59, below the consensus analyst price target of $167.53. The company also declared a quarterly dividend of $1.03 per share, representing a 3.1% annualized yield.

Western Wealth Management LLC purchased a new stake in shares of Constellation Brands Inc (NYSE:STZ - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 7,519 shares of the company's stock, valued at approximately $1,128,000.

Several other large investors also recently modified their holdings of STZ. Capital International Investors boosted its position in Constellation Brands by 48.5% in the fourth quarter. Capital International Investors now owns 6,442,600 shares of the company's stock worth $888,930,000 after purchasing an additional 2,105,546 shares during the last quarter. Norges Bank bought a new position in shares of Constellation Brands in the 4th quarter worth approximately $267,798,000. Ameriprise Financial Inc. boosted its holdings in shares of Constellation Brands by 650.6% in the second quarter. Ameriprise Financial Inc. now owns 1,769,741 shares of the company's stock worth $287,889,000 after buying an additional 1,533,961 shares during the last quarter. Wellington Management Group LLP grew its position in Constellation Brands by 14.0% during the fourth quarter. Wellington Management Group LLP now owns 6,018,653 shares of the company's stock valued at $830,333,000 after buying an additional 739,393 shares during the period. Finally, Pzena Investment Management LLC purchased a new stake in Constellation Brands during the fourth quarter valued at approximately $81,381,000. Institutional investors own 77.34% of the company's stock.

Constellation Brands Trading Down 0.3%

Shares of STZ stock opened at $133.59 on Thursday. The company has a current ratio of 0.91, a quick ratio of 0.48 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $22.81 billion, a price-to-earnings ratio of 12.75, a price-to-earnings-growth ratio of 4.17 and a beta of 1.75. Constellation Brands Inc has a 12-month low of $126.45 and a 12-month high of $171.18. The stock's 50-day moving average price is $136.26 and its 200-day moving average price is $147.27.

Constellation Brands (NYSE:STZ - Get Free Report) last released its quarterly 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 for the quarter, compared to analysts' expectations of $2.39 billion. Constellation Brands had a net margin of 18.87% and a return on equity of 25.58%. The business's quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.22 EPS. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. Equities research analysts predict that Constellation Brands Inc will post 11.84 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Thursday, July 30th will be given a dividend of $1.03 per share. The ex-dividend date is Thursday, July 30th. This represents a $4.12 annualized dividend and a yield of 3.1%. Constellation Brands's dividend payout ratio (DPR) is 39.31%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on STZ. Freedom Capital downgraded shares of Constellation Brands from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 1st. Piper Sandler reissued a "neutral" rating and set a $160.00 price target on shares of Constellation Brands in a report on Wednesday, July 1st. UBS Group decreased their price objective on Constellation Brands from $186.00 to $175.00 and set a "buy" rating on the stock in a research note on Wednesday, June 17th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Constellation Brands in a research report on Wednesday, July 1st. Finally, Roth Capital reissued a "buy" rating and issued a $209.00 target price on shares of Constellation Brands in a report on Thursday, July 2nd. Eleven analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $167.53.

About Constellation Brands

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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