Rep. Robert Bresnahan, Jr. Acquires Shares of Constellation Brands, Inc. (NYSE:STZ)

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of Constellation Brands, Inc. NYSE: STZ. In a filing disclosed on May 08th, the Representative disclosed that they had bought between $1,001 and $15,000 in Constellation Brands stock on April 8th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/17/2025.
• Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/16/2025.
• Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/11/2025.
• Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/10/2025.
• Sold $1,001 - $15,000 in shares of DexCom NASDAQ: DXCM on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Invesco NYSE: IVZ on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Generac NYSE: GNRC on 4/8/2025.
• Sold $15,001 - $50,000 in shares of Occidental Petroleum NYSE: OXY on 4/8/2025.
• Sold $15,001 - $50,000 in shares of Pfizer NYSE: PFE on 4/8/2025.
• Sold $1,001 - $15,000 in shares of QUALCOMM NASDAQ: QCOM on 4/8/2025.

Constellation Brands Stock Down 0.7 %

Shares of Constellation Brands stock traded down $1.37 on Friday, reaching $190.02. 1,272,477 shares of the company were exchanged, compared to its average volume of 1,730,073. The company has a market capitalization of $33.83 billion, a price-to-earnings ratio of 51.08, a PEG ratio of 1.52 and a beta of 1.75. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26. Constellation Brands, Inc. has a one year low of $160.46 and a one year high of $265.70. The company has a 50-day moving average of $183.37 and a 200 day moving average of $201.13.

Constellation Brands (NYSE:STZ - Get Free Report) last released its quarterly earnings data on Wednesday, April 9th. The company reported $2.63 earnings per share for the quarter, topping the consensus estimate of $2.28 by $0.35. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The company had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same period in the previous year, the business earned $2.26 EPS. Constellation Brands's revenue for the quarter was up 1.2% compared to the same quarter last year. On average, equities research analysts forecast that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Tuesday, April 29th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Tuesday, April 29th. This is a boost from Constellation Brands's previous quarterly dividend of $1.01. This represents a $4.08 annualized dividend and a yield of 2.15%. Constellation Brands's dividend payout ratio is -800.00%.

Institutional Investors Weigh In On Constellation Brands

Institutional investors and hedge funds have recently made changes to their positions in the business. Berkshire Hathaway Inc acquired a new stake in Constellation Brands in the fourth quarter worth $1,242,976,000. Vanguard Group Inc. increased its position in Constellation Brands by 18.6% in the 1st quarter. Vanguard Group Inc. now owns 18,417,604 shares of the company's stock valued at $3,379,999,000 after buying an additional 2,882,817 shares in the last quarter. Norges Bank acquired a new position in Constellation Brands during the 4th quarter worth approximately $445,883,000. D1 Capital Partners L.P. boosted its holdings in Constellation Brands by 186.6% in the fourth quarter. D1 Capital Partners L.P. now owns 1,527,689 shares of the company's stock worth $337,619,000 after acquiring an additional 994,639 shares in the last quarter. Finally, Van ECK Associates Corp grew its stake in Constellation Brands by 1,844.7% in the fourth quarter. Van ECK Associates Corp now owns 924,274 shares of the company's stock valued at $204,265,000 after acquiring an additional 876,745 shares during the period. Institutional investors own 77.34% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on STZ. Jefferies Financial Group restated a "hold" rating and issued a $201.00 price target (down previously from $310.00) on shares of Constellation Brands in a research note on Monday, January 13th. Roth Capital dropped their price objective on shares of Constellation Brands from $298.00 to $284.00 and set a "buy" rating on the stock in a research report on Friday, January 17th. Royal Bank of Canada reduced their target price on shares of Constellation Brands from $289.00 to $233.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Evercore ISI decreased their price target on shares of Constellation Brands from $300.00 to $250.00 and set an "outperform" rating on the stock in a research note on Monday, January 13th. Finally, Morgan Stanley cut their price objective on shares of Constellation Brands from $202.00 to $195.00 and set an "equal weight" rating for the company in a research report on Friday, April 11th. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $225.74.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election. Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

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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