OVERSEA CHINESE BANKING Corp Ltd Invests $441,000 in Constellation Brands Inc $STZ

OVERSEA CHINESE BANKING Corp Ltd bought a new stake in shares of Constellation Brands Inc (NYSE:STZ) in the third quarter, HoldingsChannel reports. The institutional investor bought 3,326 shares of the company’s stock, valued at approximately $441,000.

Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC lifted its position in Constellation Brands by 23.0% during the fourth quarter. Brighton Jones LLC now owns 1,001 shares of the company’s stock worth $221,000 after purchasing an additional 187 shares during the period. Woodline Partners LP bought a new position in Constellation Brands in the first quarter valued at approximately $2,409,000. Czech National Bank raised its holdings in shares of Constellation Brands by 4.8% during the 2nd quarter. Czech National Bank now owns 37,416 shares of the company’s stock worth $6,087,000 after buying an additional 1,722 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Constellation Brands by 1.1% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 20,080 shares of the company’s stock valued at $3,267,000 after purchasing an additional 216 shares during the last quarter. Finally, Secure Asset Management LLC raised its holdings in Constellation Brands by 48.4% in the 2nd quarter. Secure Asset Management LLC now owns 2,008 shares of the company’s stock valued at $327,000 after buying an additional 655 shares during the last quarter. Institutional investors own 77.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on STZ. Sanford C. Bernstein increased their target price on shares of Constellation Brands from $195.00 to $197.00 and gave the company an “outperform” rating in a research report on Friday, January 9th. Wells Fargo & Company set a $165.00 price objective on shares of Constellation Brands in a research report on Thursday, January 8th. Piper Sandler dropped their target price on shares of Constellation Brands from $155.00 to $135.00 and set a “neutral” rating on the stock in a report on Friday, November 21st. Morgan Stanley cut their price target on shares of Constellation Brands from $176.00 to $160.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 7th. Finally, Citigroup raised their target price on Constellation Brands from $148.00 to $155.00 and gave the stock a “neutral” rating in a research note on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, nine have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, Constellation Brands presently has a consensus rating of “Hold” and a consensus target price of $180.35.

Constellation Brands Trading Up 1.5%

Shares of STZ stock opened at $158.76 on Friday. Constellation Brands Inc has a 1 year low of $126.45 and a 1 year high of $196.91. The company’s fifty day simple moving average is $139.26 and its two-hundred day simple moving average is $148.31. 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 stock has a market capitalization of $27.79 billion, a price-to-earnings ratio of 25.04, a PEG ratio of 0.46 and a beta of 0.45.

Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Wednesday, January 7th. The company reported $3.06 earnings per share for the quarter, beating the consensus estimate of $2.63 by $0.43. The firm had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.17 billion. Constellation Brands had a return on equity of 29.15% and a net margin of 11.08%.The company’s revenue was down 9.8% compared to the same quarter last year. During the same quarter last year, the firm posted $3.25 EPS. Constellation Brands has set its FY 2026 guidance at 11.300-11.600 EPS. As a group, analysts anticipate that Constellation Brands Inc will post 13.5 earnings per share for the current year.

Constellation Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 12th. Shareholders of record on Thursday, January 29th will be 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 of this dividend is Thursday, January 29th. Constellation Brands’s payout ratio is currently 64.35%.

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.