Public Employees Retirement System of Ohio Buys 39,682 Shares of Constellation Brands Inc $STZ

Public Employees Retirement System of Ohio grew its stake in shares of Constellation Brands Inc (NYSE:STZ) by 92.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 82,448 shares of the company’s stock after buying an additional 39,682 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Constellation Brands were worth $12,367,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

STZ has been the subject of a number of recent research reports. BMO Capital Markets restated an “outperform” rating and issued a $190.00 price objective on shares of Constellation Brands in a report on Thursday, July 2nd. Royal Bank Of Canada restated an “outperform” rating and set a $185.00 price target on shares of Constellation Brands in a research report on Thursday, July 2nd. Jefferies Financial Group set a $147.00 price objective on Constellation Brands in a research note on Thursday, July 2nd. Barclays decreased their price objective on Constellation Brands from $139.00 to $132.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 21st. Finally, Roth Capital reissued a “buy” rating and issued a $209.00 target price on shares of Constellation Brands in a research note on Thursday, July 2nd. Eleven equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $167.53.

Insider Activity at Constellation Brands

In other news, EVP James O. Bourdeau sold 4,407 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $143.24, for a total transaction of $631,258.68. Following the completion of the transaction, the executive vice president directly owned 9,109 shares in the company, valued at $1,304,773.16. This trade represents a 32.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 12.20% of the company’s stock.

Constellation Brands Trading Up 0.0%

Shares of STZ opened at $130.19 on Monday. Constellation Brands Inc has a 1-year low of $126.45 and a 1-year high of $176.32. The company has a current ratio of 0.91, a quick ratio of 0.48 and a debt-to-equity ratio of 1.06. The firm’s 50-day moving average price is $139.46 and its 200-day moving average price is $149.27. The firm has a market capitalization of $22.23 billion, a price-to-earnings ratio of 12.42, a PEG ratio of 4.05 and a beta of 0.39.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings data on Tuesday, June 30th. The company reported $3.43 EPS for the quarter, missing the consensus estimate of $3.70 by ($0.27). Constellation Brands had a return on equity of 25.58% and a net margin of 18.87%.The business had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.39 billion. During the same period in the previous year, the firm earned $3.22 EPS. The company’s revenue was down 3.3% on a year-over-year basis. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. Sell-side analysts anticipate that Constellation Brands Inc will post 11.84 EPS for the current year.

Constellation Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Thursday, July 30th will be issued a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Thursday, July 30th. 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.