Shelter Ins Retirement Plan Makes New Investment in Constellation Brands Inc $STZ

Shelter Ins Retirement Plan acquired a new stake in shares of Constellation Brands Inc (NYSE:STZ) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 5,300 shares of the company’s stock, valued at approximately $737,177,000. Constellation Brands makes up about 0.7% of Shelter Ins Retirement Plan’s holdings, making the stock its 7th biggest position.

Other institutional investors have also added to or reduced their stakes in the company. Capital International Investors boosted its position in shares of Constellation Brands by 48.5% during the fourth quarter. Capital International Investors now owns 6,442,600 shares of the company’s stock worth $888,930,000 after acquiring an additional 2,105,546 shares during the last quarter. Norges Bank bought a new stake in Constellation Brands in the 4th quarter valued at $267,798,000. Ameriprise Financial Inc. increased its holdings in Constellation Brands by 650.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,769,741 shares of the company’s stock valued at $287,889,000 after acquiring an additional 1,533,961 shares during the last quarter. Wellington Management Group LLP lifted its stake in Constellation Brands by 14.0% in the 4th quarter. Wellington Management Group LLP now owns 6,018,653 shares of the company’s stock worth $830,333,000 after purchasing an additional 739,393 shares in the last quarter. Finally, Pzena Investment Management LLC purchased a new stake in Constellation Brands in the 4th quarter worth $81,381,000. 77.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the stock. Citigroup reissued a “buy” rating on shares of Constellation Brands in a report on Monday, May 18th. Wells Fargo & Company reduced their target price on Constellation Brands from $185.00 to $170.00 and set an “overweight” rating on the stock in a report on Monday, June 29th. Bank of America decreased their target price on 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 set a $185.00 price target on shares of Constellation Brands in a research note on Thursday, July 2nd. Finally, JPMorgan Chase & Co. cut their price target on Constellation Brands from $169.00 to $165.00 and set a “neutral” rating for the company in a report on Thursday, July 2nd. Eleven research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Constellation Brands currently has a consensus rating of “Hold” and an average price target of $167.53.

Constellation Brands Stock Performance

Shares of NYSE:STZ opened at $134.10 on Friday. The firm has a fifty day simple moving average of $135.46 and a two-hundred day simple moving average of $146.24. Constellation Brands Inc has a 52 week low of $126.45 and a 52 week high of $168.60. The company has a quick ratio of 0.48, a current ratio of 0.91 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $22.90 billion, a P/E ratio of 12.80, a PEG ratio of 4.15 and a beta of 0.40.

Constellation Brands (NYSE:STZ) last announced its earnings results on Tuesday, June 30th. The company reported $3.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.70 by ($0.27). Constellation Brands had a net margin of 18.87% and a return on equity of 25.58%. The business had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.39 billion. During the same quarter in the prior year, the company posted $3.22 earnings per share. The firm’s quarterly revenue 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. On average, analysts expect that Constellation Brands Inc will post 11.84 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Thursday, July 30th were issued a $1.03 dividend. The ex-dividend date was Thursday, July 30th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.1%. Constellation Brands’s payout ratio is 39.31%.

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.