Wealth Enhancement Advisory Services LLC lowered its position in Constellation Brands Inc (NYSE:STZ – Free Report) by 41.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,713 shares of the company’s stock after selling 18,180 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Constellation Brands were worth $3,694,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also added to or reduced their stakes in the business. Ameriprise Financial Inc. boosted its position in Constellation Brands by 650.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,769,741 shares of the company’s stock worth $287,889,000 after buying an additional 1,533,961 shares during the period. Norges Bank bought a new position in shares of Constellation Brands during the second quarter valued at $239,737,000. Berkshire Hathaway Inc lifted its holdings in shares of Constellation Brands by 11.6% during the second quarter. Berkshire Hathaway Inc now owns 13,400,000 shares of the company’s stock worth $2,179,912,000 after purchasing an additional 1,391,000 shares during the period. Vanguard Group Inc. grew its stake in shares of Constellation Brands by 3.3% in the third quarter. Vanguard Group Inc. now owns 18,202,611 shares of the company’s stock worth $2,451,346,000 after purchasing an additional 573,766 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC grew its stake in shares of Constellation Brands by 1,249.7% in the second quarter. Worldquant Millennium Advisors LLC now owns 476,702 shares of the company’s stock worth $77,550,000 after purchasing an additional 441,382 shares during the last quarter. Institutional investors own 77.34% of the company’s stock.
Constellation Brands Stock Down 0.6%
Shares of NYSE:STZ opened at $150.06 on Wednesday. Constellation Brands Inc has a 1 year low of $126.45 and a 1 year high of $196.91. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.34 and a quick ratio of 0.70. The business’s 50-day moving average is $155.40 and its 200-day moving average is $144.56. The company has a market capitalization of $26.02 billion, a price-to-earnings ratio of 23.67, a P/E/G ratio of 0.42 and a beta of 1.75.
Constellation Brands Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Thursday, January 29th were given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Thursday, January 29th. Constellation Brands’s payout ratio is presently 64.35%.
Analyst Upgrades and Downgrades
Several brokerages have commented on STZ. Needham & Company LLC reaffirmed a “buy” rating and set a $180.00 target price on shares of Constellation Brands in a report on Tuesday, January 6th. BMO Capital Markets restated an “outperform” rating and set a $190.00 price objective on shares of Constellation Brands in a research report on Friday, January 9th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Constellation Brands in a research note on Wednesday, March 18th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Constellation Brands from $162.00 to $154.00 and set a “hold” rating for the company in a research report on Monday. Finally, UBS Group set a $168.00 price target on shares of Constellation Brands in a report on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Constellation Brands currently has an average rating of “Moderate Buy” and an average target price of $177.55.
Get Our Latest Research Report on STZ
More Constellation Brands News
Here are the key news stories impacting Constellation Brands this week:
- Positive Sentiment: Acquisition expands nonalcoholic growth runway — Constellation bought Hopwtr to grow its booze-free portfolio, adding a functional hop-water brand that could help organic growth and diversify revenue away from core alcohol categories. Constellation Brands buys Hopwtr
- Positive Sentiment: Seen as a defensive, high-ROE play amid geopolitical risks — Multiple outlets list STZ among high-ROE/low-beta defensive stocks investors favor while Iran tensions and oil-price moves increase market risk, supporting relative demand for the name. 5 Stocks With High ROE to Buy
- Positive Sentiment: Income story highlighted — Dividend/yield articles are promoting STZ as an income-generating option in weak markets, which can attract dividend-seeking flows and provide support to the share price. 3 Investments With Solid Yields
- Neutral Sentiment: Analyst blogs include STZ among defensive picks — Zacks and other analyst roundups list Constellation alongside utilities and consumer staples as stability plays during volatility; this recognition helps sentiment but isn’t a catalyst by itself. The Zacks Analyst Blog
- Negative Sentiment: Deutsche Bank lowered the price target to $154 and moved to a “hold” — the target reduction and neutral rating signal less upside from current levels and likely contributed to downward pressure on the stock. Deutsche Bank price target cut
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.
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