PNC Financial Services Group Inc. Sells 16,853 Shares of Constellation Brands Inc $STZ

PNC Financial Services Group Inc. lessened its holdings in Constellation Brands Inc (NYSE:STZ) by 15.4% during the third quarter, HoldingsChannel.com reports. The fund owned 92,457 shares of the company’s stock after selling 16,853 shares during the period. PNC Financial Services Group Inc.’s holdings in Constellation Brands were worth $12,451,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Root Financial Partners LLC acquired a new stake in Constellation Brands in the third quarter valued at approximately $26,000. Salomon & Ludwin LLC bought a new position in shares of Constellation Brands in the 3rd quarter valued at $30,000. Abound Wealth Management boosted its holdings in shares of Constellation Brands by 341.8% during the 3rd quarter. Abound Wealth Management now owns 243 shares of the company’s stock valued at $33,000 after acquiring an additional 188 shares in the last quarter. CVA Family Office LLC grew its position in Constellation Brands by 713.2% during the 3rd quarter. CVA Family Office LLC now owns 309 shares of the company’s stock worth $42,000 after acquiring an additional 271 shares during the last quarter. Finally, Sentry Investment Management LLC acquired a new position in Constellation Brands in the 3rd quarter worth about $46,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

Constellation Brands Trading Up 2.4%

STZ opened at $156.36 on Thursday. Constellation Brands Inc has a twelve month low of $126.45 and a twelve month high of $196.91. The company has a fifty day moving average of $151.17 and a 200-day moving average of $146.26. The stock has a market cap of $27.11 billion, a PE ratio of 24.66, a price-to-earnings-growth ratio of 0.45 and a beta of 0.44. The company has a quick ratio of 0.70, a current ratio of 1.34 and a debt-to-equity ratio of 1.29.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings results on Wednesday, January 7th. The company reported $3.06 EPS for the quarter, beating analysts’ consensus estimates of $2.63 by $0.43. Constellation Brands had a net margin of 11.08% and a return on equity of 29.15%. The business had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter in the prior year, the firm posted $3.25 earnings per share. The business’s quarterly revenue was down 9.8% compared to the same quarter last year. Constellation Brands has set its FY 2026 guidance at 11.300-11.600 EPS. On average, sell-side analysts predict that Constellation Brands Inc will post 13.5 EPS for the current year.

Constellation Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Thursday, January 29th were paid a dividend of $1.02 per share. The ex-dividend date of this dividend was Thursday, January 29th. This represents a $4.08 annualized dividend and a yield of 2.6%. Constellation Brands’s dividend payout ratio (DPR) is currently 64.35%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on STZ shares. Sanford C. Bernstein lifted their price target on Constellation Brands from $195.00 to $197.00 and gave the company an “outperform” rating in a research note on Friday, January 9th. UBS Group set a $168.00 target price on shares of Constellation Brands in a report on Friday, January 9th. JPMorgan Chase & Co. assumed coverage on shares of Constellation Brands in a research note on Friday, November 7th. They set a “neutral” rating and a $153.00 price target for the company. Weiss Ratings upgraded shares of Constellation Brands from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, February 5th. Finally, Wells Fargo & Company set a $165.00 price objective on Constellation Brands in a report on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $176.91.

Constellation Brands Company 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.