Gallacher Capital Management LLC Purchases Shares of 4,374 Constellation Brands Inc $STZ

Gallacher Capital Management LLC acquired a new position in shares of Constellation Brands Inc (NYSE:STZ) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,374 shares of the company’s stock, valued at approximately $656,000.

A number of other institutional investors also recently made changes to their positions in the company. Financiere des Professionnels Fonds d investissement inc. acquired a new stake in Constellation Brands during the 1st quarter worth approximately $1,368,000. Bessemer Group Inc. grew its holdings in Constellation Brands by 47.8% in the 1st quarter. Bessemer Group Inc. now owns 1,676 shares of the company’s stock valued at $251,000 after buying an additional 542 shares in the last quarter. Independent Financial Group LLC bought a new position in Constellation Brands during the 1st quarter worth $467,000. Wealthfront Advisers LLC lifted its holdings in shares of Constellation Brands by 19.8% during the first quarter. Wealthfront Advisers LLC now owns 13,684 shares of the company’s stock worth $2,053,000 after buying an additional 2,260 shares in the last quarter. Finally, Beaumont Financial Advisors LLC acquired a new stake in shares of Constellation Brands during the first quarter worth $288,000. Institutional investors own 77.34% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. UBS Group reduced their target price on shares of Constellation Brands from $186.00 to $175.00 and set a “buy” rating for the company in a research report on Wednesday, June 17th. Bank of America lowered their price target on shares of Constellation Brands from $152.00 to $145.00 and set an “underperform” rating on the stock in a research report on Thursday, July 2nd. Needham & Company LLC reissued a “buy” rating and issued a $185.00 price objective on shares of Constellation Brands in a report on Thursday, July 2nd. Citigroup restated a “buy” rating on shares of Constellation Brands in a research report on Monday, May 18th. Finally, Evercore set a $175.00 target price on shares of Constellation Brands and gave the stock an “outperform” rating in a report on Friday, April 10th. Eleven equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $167.89.

Constellation Brands Stock Up 2.8%

Shares of NYSE STZ opened at $135.34 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.48 and a current ratio of 0.91. Constellation Brands Inc has a 52 week low of $126.45 and a 52 week high of $178.13. The stock has a market capitalization of $23.11 billion, a P/E ratio of 12.91, a PEG ratio of 4.10 and a beta of 0.39. The stock’s fifty day moving average is $140.80 and its 200 day moving average is $149.61.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings results on Tuesday, June 30th. The company reported $3.43 EPS for the quarter, missing analysts’ consensus estimates of $3.70 by ($0.27). Constellation Brands had a net margin of 18.87% and a return on equity of 25.58%. The company had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.39 billion. During the same period last year, the firm earned $3.22 EPS. The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. Sell-side analysts forecast that Constellation Brands Inc will post 11.82 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Stockholders of record on Thursday, July 30th will be given a $1.03 dividend. The ex-dividend date is Thursday, July 30th. This represents a $4.12 annualized dividend and a dividend yield of 3.0%. Constellation Brands’s payout ratio is presently 39.31%.

Insider Activity at Constellation Brands

In other news, EVP James O. Bourdeau sold 4,407 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $143.24, for a total transaction of $631,258.68. Following the completion of the sale, the executive vice president owned 9,109 shares of the company’s stock, valued at approximately $1,304,773.16. This represents a 32.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 12.20% of the company’s stock.

Constellation Brands 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.