DNB Asset Management AS Raises Position in Constellation Brands Inc $STZ

DNB Asset Management AS increased its holdings in shares of Constellation Brands Inc (NYSE:STZ) by 70.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 70,449 shares of the company’s stock after purchasing an additional 29,043 shares during the period. DNB Asset Management AS’s holdings in Constellation Brands were worth $9,487,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. boosted its holdings in 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 acquiring an additional 1,533,961 shares in the last quarter. Norges Bank purchased a new stake in Constellation Brands during the 2nd quarter worth approximately $239,737,000. Berkshire Hathaway Inc increased its stake in Constellation Brands by 11.6% during the 2nd quarter. Berkshire Hathaway Inc now owns 13,400,000 shares of the company’s stock valued at $2,179,912,000 after purchasing an additional 1,391,000 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC raised its holdings in shares of Constellation Brands by 39.6% in the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 3,675,855 shares of the company’s stock worth $597,988,000 after buying an additional 1,042,904 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Constellation Brands by 3.3% during the third quarter. Vanguard Group Inc. now owns 18,202,611 shares of the company’s stock worth $2,451,346,000 after buying an additional 573,766 shares during the period. 77.34% of the stock is owned by institutional investors and hedge funds.

Constellation Brands Price Performance

Shares of Constellation Brands stock opened at $157.67 on Friday. The firm has a market cap of $27.34 billion, a PE ratio of 24.87, a P/E/G ratio of 0.47 and a beta of 0.44. The business has a 50-day moving average price of $153.27 and a 200 day moving average price of $145.60. 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 Inc has a twelve month low of $126.45 and a twelve month high of $196.91.

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

Constellation Brands Announces Dividend

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

Analyst Ratings Changes

STZ has been the topic of several research analyst reports. Sanford C. Bernstein boosted 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. BMO Capital Markets reiterated an “outperform” rating and issued a $190.00 price target on shares of Constellation Brands in a report on Friday, January 9th. Citigroup raised their price target on shares of Constellation Brands from $148.00 to $155.00 and gave the stock a “neutral” rating in a research report on Friday, January 9th. Needham & Company LLC restated a “buy” rating and set a $180.00 price objective on shares of Constellation Brands in a research note on Tuesday, January 6th. Finally, JPMorgan Chase & Co. started coverage on shares of Constellation Brands in a research note on Friday, November 7th. They issued a “neutral” rating and a $153.00 price objective on the stock. One equities research 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 assigned a Sell rating to the company. According to data from MarketBeat, Constellation Brands currently has a consensus rating of “Hold” and an average target price of $176.91.

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.