Huntington National Bank Reduces Holdings in Constellation Brands Inc $STZ

Huntington National Bank reduced its holdings in shares of Constellation Brands Inc (NYSE:STZ) by 35.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,195 shares of the company’s stock after selling 12,336 shares during the period. Huntington National Bank’s holdings in Constellation Brands were worth $2,989,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in STZ. Oppenheimer Asset Management Inc. boosted its stake in shares of Constellation Brands by 329.8% in the third quarter. Oppenheimer Asset Management Inc. now owns 73,323 shares of the company’s stock worth $9,874,000 after acquiring an additional 56,263 shares during the period. 49 Wealth Management LLC purchased a new position in Constellation Brands in the 2nd quarter worth approximately $373,000. Matrix Asset Advisors Inc. NY purchased a new position in Constellation Brands in the 3rd quarter worth approximately $5,236,000. Bayforest Capital Ltd boosted its stake in Constellation Brands by 5,810.2% in the 3rd quarter. Bayforest Capital Ltd now owns 6,974 shares of the company’s stock worth $939,000 after purchasing an additional 6,856 shares during the period. Finally, Inceptionr LLC grew its holdings in Constellation Brands by 125.2% during the 2nd quarter. Inceptionr LLC now owns 10,718 shares of the company’s stock valued at $1,744,000 after buying an additional 5,958 shares in the last quarter. 77.34% of the stock is currently owned by institutional investors.

Constellation Brands Price Performance

STZ opened at $157.67 on Monday. The business has a fifty day moving average of $153.27 and a 200 day moving average of $145.43. The stock has a market cap of $27.34 billion, a P/E ratio of 24.87, a PEG ratio of 0.47 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 Inc has a 52-week low of $126.45 and a 52-week high of $196.91.

Constellation Brands (NYSE:STZ) last released 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. The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.17 billion. Constellation Brands had a return on equity of 29.15% and a net margin of 11.08%.The business’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same period last year, the company earned $3.25 earnings per share. Constellation Brands has set its FY 2026 guidance at 11.300-11.600 EPS. As a group, sell-side analysts anticipate that Constellation Brands Inc will post 13.5 EPS for the current year.

Constellation Brands Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on STZ shares. Barclays boosted their target price on shares of Constellation Brands from $147.00 to $148.00 and gave the stock an “equal weight” rating in a report on Monday, January 12th. JPMorgan Chase & Co. assumed coverage on shares of Constellation Brands in a report on Friday, November 7th. They issued a “neutral” rating and a $153.00 price target on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $160.00 price target on shares of Constellation Brands in a research note on Monday, December 15th. Citigroup raised their price objective on Constellation Brands from $148.00 to $155.00 and gave the company a “neutral” rating in a research report on Friday, January 9th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $180.00 target price on shares of Constellation Brands in a report on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Constellation Brands presently has an average 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.